National curbs hit budding pan-EU settlement market


Some sovereign issuers are still instructing primary dealers to maintain accounts at domestic central securities depositories in order to receive government bonds, undermining European Union efforts to create an integrated market for settlement via Target2-Securities (T2S).

The pan-European platform, due to link up with its final member CSDs on September 18, offers centralised delivery-versus-payment settlement in central bank funds across all European securities markets. It is intended to

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: