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The CSD Contact group (CCG) is in charge of negotiating and preparing the contract between the Eurosystem and the CSDs participating in T2S (so-called Framework Agreement).
The CCG is composed of the members and alternates of the T2S Programme Board and the CSD Project Sponsors, i.e. high-level CSD representatives nominated by the respective managing boards.
All the 30 CSDs that have signed the T2S Memorandum of Understanding are part of the CCG.
| CSD Contact Group (CCG) | ||
|---|---|---|
| Function | Name | Organisation |
| Chair | Jean-Michel Godeffroy | ECB |
| Rapporteur | Meike Ströter | ECB |
| CSD Project Sponsors | ||
|---|---|---|
| Function | Name | Organisation |
| Jesús Benito | Iberclear - BME Group | |
| Paolo Cittadini | Monte Titoli S.p.A. | |
| Rastislav Pavlík | Centrálny depozitár cenných papierov SR, a.s. | |
| José de Matos | Banco de Portugal - SITEME | |
| György Dudás | KELER Ltd. | |
| John-Arne Haugerud | VPS Verdipapirsentralen ASA (Norwegian Central Securities Depository) | |
| Luc Janssens | National Bank of Belgium - SSS | |
| Arturas Keleras | Central Securities Depository of Lithuania, plc (CSDL) | |
| Luís Laginha de Sousa | Interbolsa- Sociedade Gestora de Sistemas de Liquidação e de Sistemas Centralizados de Valores Mobiliários, S.A. | |
| Socrates Lazaridis | Hellenic Exchange Holding SA | |
| Johannes Luef | VP Securities A/S | |
| Joël Mérère | Euroclear | |
| Nondas CI. Metaxas | Cyprus Stock Exchange | |
| Slawomir Panasiuk | The National Depository for Securities (KDPW) - Poland | |
| Robert Rickenbacher | SIX SIS AG | |
| Julia Segerkrantz | AS Eesti Väärtpaberikeskus | |
| Einar Sigurjónsson | Icelandic Securities Depository | |
| Boris Tomaz Snuderl | KDD - Central Securities Clearing Corporation Inc. | |
| Adriana Tanasoiu | Depozitarul Central S.A. | |
| Raitis Vancans | NASDAQ OMX Latvian CSD (LCD) | |
| Kyriaki Vatista | Bank of Greece SSS (BOGS) | |
| Andreas Wolf | Clearstream Banking AG | |
| Simon Zammit | Malta Stock Exchange plc | |
| Georg Zinner | OeKB Österreichische Kontrollbank Aktiengesellschaft | |
| T2S Programme Board | ||
|---|---|---|
| Function | Name | Organisation |
| Chair | Jean-Michel Godeffroy | |
| Pierre Beck | ||
| Jesus Lopez Pedruelo | ||
| Jochen Metzger | ||
| Michael Michalopoulos | ||
| Anders Reveman | ||
| Iain Saville | ||
| Jan Schüllerqvist | ||
| Kristian Kjeldsen | ||
| Walter Hoffenberg | ||
| Yvon Lucas | ||
| Cristina Mastropasqua | ||
| Alfons Vaes | ||
| Eurosystem | ||
|---|---|---|
| Function | Name | Organisation |
| Chair of PMSG | Marc Bayle | |
| Chair of TCI | N.N. | |
The CSD Contact group (CCG) shall facilitate the preparation and negotiation of the Framework Agreement, between the Eurosystem, on the one hand, and the CSDs which are willing to participate in T2S, on the other hand. The Framework Agreement shall be a document which will be proposed by the Governing Council to all European CSDs. It shall cover the development and the operational phases of T2S. It will be signed by CSDs individually.
The mandate of the CCG expires when the Framework Agreement, including all annexes and schedules, is adopted by the Governing Council.
The CCG shall be composed of the CSD Project sponsors and of the members and alternates of the Programme Board.
The project sponsors are nominated by the managing boards of those CSDs that have signed the MoU with the Eurosystem on 16th July 2009 or have made a unilateral declaration of its acceptance thereafter. Each CSD member may designate an alternate which may replace him/her in case of unavailability. In case neither the project sponsor nor his/her alternate is available, the CSD is not represented. In case programme Board members and alternates are not available, they cannot be replaced
The chairperson of the CCG shall be the chairman of the Programme Board. The chairperson shall in coordination with the CSDs (1) decide on the frequency, format and agenda of the meetings; (2) invite external experts and/or T2S Team members to the meetings on specific topic. The rapporteur shall be a member of the T2S Team at the ECB. He/she shall (1) co-ordinate the organisation of the meetings and the timely transmission of the relevant documents; (2) support the chairperson in preparations for group’s meetings; (3) draft the outcome of the meetings; (4) support the chairperson in managing the relations with the relevant (sub-) groups.
The CCG shall aim at adopting its resolutions by consensus. In case, a consensus can not be reached for two consecutive meetings, the divergences shall be carefully documented. In such a case, it shall be the responsibility of the Programme Board to make a proposal to the Governing Council. CSDs who disagree with the Programme Board proposal shall have the possibility to express a diverging opinion.
The chairperson of the CCG shall, on a regular basis, inform the AG on the progress of the Framework Agreement negotiation process.
Where relevant the CCG (possibly via the PMSG and the TCI) will receive input from the existing sub-structures of the AG.
The CCG shall be supported by:
The CCG will define the mandate of these two task forces and will set their agenda in broad terms.
