T2S. Settling without borders
This brochure aims to provide readers with a broad overview of T2S. First, it highlights the drawbacks in Europe’s current post-trading environment. Second, it explains what T2S is, with a focus on some of its core features, in particular, the horizontal integration of the securities settlement stage of the post-trading value chain across the whole of Europe and the generalisation to a new higher level of the “integrated model” of securities settlement. Third, the brochure describes how Europe will benefit from T2S.