Central Banking

First CSDs sign T2S Framework Agreement

Euro sign outside the European Central Bank in Frankfurt

The European Central Bank (ECB) today (May 8) hosted an event to mark the signing of the T2S Framework Agreement by the Eurosystem and a first group of nine European central securities depositories (CSDs).

The agreement governs the legal relationship between the Eurosystem and each CSD participating in the T2S project. In November 2011, after over two years of negotiations, the contract was offered to 31 European CSDs, with an invitation to sign by April 2012 or, if more time was required, by

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