Europe moves closer to streamlining securities settlement

Article reports that Europe has moved closer to streamlining its securities settlement systems with an agreement expected in October 2011 of a deal between the European Central Bank and the region’s 'central securities depositories' on the €1bn Target2Securities project

European Central Bank: Payments & Markets: TARGET2-Securities http://www.ecb.int/paym/t2s/html/index.en.html

ESO: Background information: Europe settlement project to launch http://www.europeansources.info/record/europe-settlement-project-to-launch/

Wikipedia: T2S http://en.wikipedia.org/wiki/T2S

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