Successful Migration of ATHEXCSD & ATHEXClear Services to the new ECB’s T2 RTGS System


 

March 21st, 2023

 

Successful Migration of ATHEXCSD & ATHEXClear Services to the new ECB's T2 RTGS System

 

ATHEXCSD and ATHEXClear announce the successful migration of their clearing and settlement services to the new T2 Real-Time Gross Settlement (RTGS) system which was operationally launched by the European Central Bank (ECB) on Monday 20 March 2023. The migration was successfully executed as part of the ECB's T2-T2S Consolidation project, in close cooperation with ATHEXCSD Settlement Banks and Participants and ATHEXClear Clearing Members. Τhe Bank of Greece (BoG) coordinated the migration project in the Hellenic Market on behalf of ECB.
 
The aim of the T2-T2S Consolidation project was to consolidate TARGET2 and TARGET2-Securities (T2S) operation and settlement processes for Participants and harmonise technical and functional aspects of the systems. T2 can now optimise liquidity management across all TARGET Services using the ISO 20022 messaging standard and facilitating payments in several currencies if the respective central bank decides to do so.

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About Athens Exchange Group

The Athens Stock Exchange since its establishment in 1876, consistently participate in the financial and business developments in the country.

Athens Exchange Group (ATHEX Group), provides support to the Greek Capital Market. ATHEX Group operates the organized Equities and Derivatves markets, the alternative market and performs clearing and settlement of trades.

The Athens Stock Exchange, through its markets, offers solutions and financing tools to businesses, expands investor choice by providing a safe, stable and easy environment in full alignment with international practices and the European regulatory framework. It has held the ISO 22301:2012 international standard for Business Continuity, for all its companies, including all its operations as well as the products & services it provides.

In a period that the role of stock markets in exploring alternative ways of financing business, at a European level, is significantly enhanced, the Athens Exchange Group has taken a series of initiatives to highlight the attractiveness of the Greek Capital Market and the Greek companies to the international investment community and expand the variety of investment opportunities.

Its shares are traded on the Main Market of the Athens Stock Exchange (Symbol: EXAE).

The profiles of the ATHEX Group and its markets can be downloaded from the link. More information can be found in the website www.athexgroup.gr.