New SWIFT-Celent reports released on adoption of T2S

SWIFT and Celent have been closely following developments related to the implementation of the Euro system's Target2 Securities (T2S) initiative and how market participants are gearing up in preparation for the same. As part of that we published a report titled 'The European Post-Trade Ecosystem under T2S: Dealing with Complexity' in March, 2013. Last week two new reports were published looking at the progress made in the last 12 months and what are still some of the open questions. The first of these two reports focuses on development pertaining to the settlement function under T2S, while the second one looks at firm strategies and arrangements for asset servicing and securities payments. These new reports, based on detailed interviews with major participants in the European post-trade environment, find that though there has been progress, the strategies of many players remain unclear. We also identify new offerings in post-trade services that are likely to emerge in the post T2S world and the drivers behind them. The press release of these reports' launch can be found here.