Task Force on T+2

About

On 19 June 2013, the T2S Advisory Group decided to set-up an HSG task force to coordinate the different settlement cycles within the T2S Community.

The Task Force is composed of all segments of the industry: exchanges, CCPs, CSDs, intermediaries, buy side and sell side. The main objective of the Task Force is to facilitate broad coordination across T2S markets when migrating to T+2. The Task Force will also aim at contributing to the coordination between T2S and non-T2S markets on that matter.

The Task Force will report to the T2S HSG. Terms of Reference.

 

Members

Function Name Organisation
Chairperson Mr Paul Bodart T2S Board
Secretary Mr Patrick Hess T2S Programme Office
  Ms Vanessa Grueneklee AXA AM
  Mr Marc Tibi BNP Paribas
  Mr Nathan Renyard BATS Chi-X
  Mr Candido Dieguez Martin BBVA Spain
  Ms Alexia Kazakou Citibank
  Ms Sylvia Buicanescu Depozitarul Central
  Mr Marko Niederheide Deutsche Bank AG
  Ms Soraya Belghazi ECSDA
  Mr Vincent Dessard EFAMA
  Mr Bradley Arrowsmith EuroCCP
  Mr Edwin de Pauw Euroclear
  Mr Richard Gardiner FESE
  Mr Jon Wondrack Goldman Sachs
  Mr Alistair Jones HSBC Securities Services
  Mr Colin Stock JP Morgan AM
  Mr Tamás Horváth KELER CCP
  Ms Anne Mairesse LCH.Clearnet SA
  Ms Elena Vantellini Monte Titoli
  Ms Helen De Geer Nasdaq OMX Clearing
  Mr Janne Palvalin Nordea Finland
  Mr Eric Bey NYSE Euronext
  Mr Johan Vieweg SEB Sweden
  Mr Ian Cornwall SIX Swiss Exchange AG
  Mr Pierre Colladon Société Générale SS
  Mr Günter Bauer UniCredit Bank Austria
  Mr George Kalogeropoulos T2S Programme Office

Deliverables

Announcements on T+2

Status of European markets regarding their decisions to move to T+2

In the third meeting of the Task Force on T+2, held on 21 March 2014, it was decided that the T2S team would collate and publish links to official statements issued by the competent authorities or other actors in the T2S markets regarding the date and further details of moving to T+2 as their new settlement cycle. Non-T2S markets are also covered.

These links have been provided by members of the Task Force acting as contact persons for those markets. The Task Force publishes them herewith in order to facilitate access to this information. The T2S team does not assume any responsibility for the contents or accuracy of this information.

Announcements of T2S markets

Market Contact person Date Related links
Austria Günter Bauer (UniCredit Austria) 6 October 2014 CEE
Belgium Edwin de Pauw (Euroclear)
Anne Mairesse (LCH)
6 October 2014 Euronext (NYSE)
Euroclear
Denmark Helen de Geer (NASDAQ OMX) 6 October 2014 NASDAQ OMX
Euroclear
Estonia Helen de Geer (NASDAQ OMX) 6 October 2014 NASDAQ OMX
Estonian Central Register of Securities
Finland Janne Palvalin (Nordea) 6 October 2014 NASDAQ OMX
Euroclear
France Pierre Colladon (Société Générale)
Anne Mairesse (LCH)
6 October 2014 Euronext (NYSE)
Euroclear
Germany Marko Niederheide (Deutsche Bank) Already on T+2  
Greece Alistair Jones (HSBC)
Alexia Kazakou (Citi)
6 October 2014 HELEX
Hungary Tamas Horvath (KELER CCP) 6 October 2014 CEE
KELER
Italy Elena Vantellini (Monte Titoli) 6 October 2014 Monte Titoli
Lithuania Helen de Geer (NASDAQ OMX) 6 October 2014 NASDAQ OMX
CSD Lithuania
Luxembourg Vanessa Grueneklee (AXA AM) 6 October 2014 Bourse de Luxembourg
Latvia Helen de Geer (NASDAQ OMX) 6 October 2014 NASDAQ OMX
CSD Latvia
Malta Elena Vantellini (Monte Titoli) 6 October 2014 Malta Stock Exchange
Netherlands Edwin de Pauw (Euroclear)
Anne Mairesse (LCH)
6 October 2014 Euronext (NYSE)
Euroclear
Portugal Eric Bey (NYSE Euronext)
Anne Mairesse (LCH)
6 October 2014 Euronext (NYSE)
Romania Silvia Buicanescu (Depozitarul Central) N.A. N.A.
Slovakia Günther Bauer (UniCredit Austria) 6 October 2014 Bratislava Stock Exchange
CSD of the Slovak Republic
Slovenia Günther Bauer (UniCredit Austria) Already on T+2  
Spain Candido Dieguesz Martin (BBVA) Bond transactions: 6 October 2014
Equity transactions: November 2015
Banco de España
Switzerland Ian Cornwall (SIX Swiss Exchange) 6 October 2014 SIX

Announcements of other European markets

Market Contact person Date Related links
Bulgaria Soraya Belghazi (ECSDA) Already on T2  
Croatia Soraya Belghazi (ECSDA) 6 October 2014 Zagreb Stock Exchange
SKDD/CDCC
Cyprus Alistair Jones (HSBC) 6 October 2014 Cyprus Stock Exchange
Clearstream
Czech Republic Alexia Kazakou (Citi) 6 October 2014 CEE
CSD Prague
Iceland Helen de Geer (NASDAQ OMX) 6 October 2014 NASDAQ OMX Iceland
Icelandic Securities Depository
Norway Helen de Geer (NASDAQ OMX) 6 October 2014 Oslo Boers
Poland Tamas Horvath (KELER CCP) 6 October 2014 KDPW
Sweden Helen de Geer (NASDAQ OMX) 6 October 2014 NASDAQ OMX
Euroclear
United Kingdom & Ireland Nathan Reynard (BATS Chi-X) 6 October 2014 Euronext (NYSE)
Euroclear

Announcements of other institutions

Institution Contact person Date Related links
ESDM Anne Mairesse (LCH) 6 October 2014 ESDM press release
ICMA John Serocold (ICMA) 6 October 2014 ICMA policy