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AFME and ICMA publish joint paper on “T2S Wave 1 – Review and Request for Action Following Migration of Italian Market to T2S"

T2S went live on 20th June 2015 with four Central Securities Depositories (CSDs). On 31st August, the Italian CSD, Monte Titoli, migrated to the ECB’s settlement platform. This paper, compiled by AFME, with ICMA input, outlines various issues encountered by their members during the migration of the Italian market to the T2S platform. The document is intended to provide feedback which may help the T2S team, future wave CSDs, and all investors understand the specific elements which did not function as expected.[...]