Interbolsa, a subsidiary of NYSE Euronext, has signed the European Central Bank’s (ECB) Target2Securities (T2S) framework agreement.
T2S, which will be introduced from 2015, was initiated in 2006 and has been implemented to integrate and bring further efficiencies to the European securities settlement infrastructure.
Interbolsa is the central securities depository for the Portuguese market and with the access of T2S settlement platform it will provide improved settlement services to its current and future customers.
Interbolsa CEO and NYSE Euronext Lisbon CEO and chairman Luis Laginha de Sousa said, "By signing the T2S Framework Agreement, which we have supported since its inception, we will strengthen Interbolsa’s position as a key participant within the Portuguese financial market."
NYSE Euronext’s exchanges in Europe and the US trade equities, futures, options, fixed-income and exchange-traded products.