France’s ID2S started regular operation on 16 July – being the first CSD to offer real-time settlement for central bank money instruments through the emerging pan-European T2S framework.
ID2S is being launched together with an issuance and trading platform – Now CP. Original participants listed are CACEIS Bank, Crédit Agricole Corporate and Investment Bank, Orange Bank and Natixis SA.
The news is presented in a press release.
Aims for “harmonised landscape”
“With this move, the vision of a harmonised issuance, trading, settlement and custody landscape for commercial paper becomes a reality,” the firm writes, adding that it makes it the first European CSD to offer real-time settlement of financing and investment transactions for money market instruments in central bank money, through the Target2-Securities (T2S) platform.
ID2S is a subsidiary within Orange Group, whose history goes back to several businesses, including France Télécom.