Intesa Sanpaolo joins Euroclear鈥檚 single CSD platform
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Intesa Sanpaolo joins Euroclear鈥檚 single CSD platform 25 April 2019Brussels Reporter: Rebecca Delaney
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Intesa Sanpaolo has joined Euroclear鈥檚 single central securities depository (CSD) platform.
The platform offers access to the European Central Bank鈥檚 Target2网爆吃瓜 (T2S) system, which provides centralised settlement across European securities finance markets, in an effort to create a 鈥渟ingle integrated settlement model鈥� across the continent.
The single CSD platform will also allow Intesa Sanpaolo to access Euroclear Settlement of Euronext-zone 网爆吃瓜 (ESES) markets through the T2S settlement, including Belgium, France and the Netherlands.
Commenting on the partnership, ESES鈥檚 CEO Brigitte Daurelle said: 鈥淲e are extremely pleased to welcome Intesa Sanpaolo onto our single CSD platform, which will provide an efficient gateway to Eurozone liquidity for international investors.鈥�
Intesa Sanpaolo鈥檚 head of global transaction banking, corporate and investment banking, Stefano Favale, added: 鈥淲e are delighted to have reached, in close partnership with Euroclear, this important milestone as a result of our successful collaboration aimed at evolving and extending the services for our clients.鈥�
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