Following its successful migration to the Target2-Securities (T2S) settlement system, The Central Depository and Clearing Company of Croatia (SKDD) has partnered with Montran to launch a new CSD platform. In addition to enabling the commencement of operations on T2S, the new platform also supports straight-through processing (STP) using ISO 20022 messaging.
In a press release, Montran describes the solution as offering “sustainable securities market management”. SKDD can now “efficiently integrate with the Euro area through T2S, managing the complete lifecycle of dematerialized securities” including registration, primary and secondary market clearing, settlement, and corporate actions processing.
Dora Matošić, president of the management board at SKDD believes that the new platform and the migration to T2S will contribute to ”the further development of the stability and efficiency of the Croatian capital market, providing a more advanced and integrated infrastructure for securities settlement”.
SKDD completed its migration to T2S on 11 September this year, the same date as Euroclear Finland, Euroclear Bank, and two Bulgarian CSDs.