TITLE

Numbers Don't Add UP for European Plan to Reduce Settlement Costs

AUTHOR(S)
Kentouris, Chris
PUB. DATE
August 2009
SOURCE
Securities Industry News;8/3/2009, Vol. 21 Issue 17, p10
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article focuses on the reasons behind the skepticism of local European securities depositories to contract out their settlement functions to the Target2Securities (T2S) platform of the European Central Bank (ECB). It details the proposed settlement fee of the ECB for both domestic and cross-border transactions. Alan Cameron of BNP Paribas argued that too many details are missing from the ECB analysis to determine the cost savings which will arise for the depositories.
ACCESSION #
43679440

 

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