ECB Indicates Preliminary Price of 13 Cents Per Instruction for T2S Settlement with 30 CSDs on Board

The European Central Bank (ECB) has released its preliminary price estimates for settlement on its Target2-Securities (T2S) settlement system, due to be launched in September 2014, which indicate that if all 30 European central securities depositories (CSDs) join, settlement could be as low as 13 cents per settlement instruction. This will therefore essentially split the...

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