Euroclear and Clearstream granted time to agree joint road map
Both ICSDs intend to start a feasibility assessment for real-time settlement after the completion of Target2-Securities migration in June 2017
Euroclear and Clearstream have been granted more time by the International Capital Market Association's European Repo Council (Icma ERC) to come up with plans to improve Bridge, an electronic communications platform through which customer transactions are settled.
In March, Icma ERC wrote to Clearstream and Euroclear complaining of its "significant disappointment" regarding progress to establish tri-party settlement interoperability between the two international central securities depositories
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