SKDD officially confirmed integration to T2S

Zagrebacka Banka d.d.
Mon, 11/09/2023

SKDD confirmed its migration and integration activities to T2S were successfully completed.

As confirmed by Central Depository & Clearing Company Inc. (SKDD) on 10 September 2023, SKDD successfully completed all activities scheduled for migration weekend, ensuring that 11 September 2023 is the first business day of Croatian market on unique European platform for securities settlement Target2-Securities (T2S).

After the initial restrictions prohibiting the entry of SKDD’s settlement instructions to T2S (introduced to validate interconnections between SKDD and T2S), T2S removed all restrictions so the settlement of SKDD transactions started.

Impact on investors: For information purposes.

Related Newsflashes: HANFA officially approved new T2S related SKDD Rules and Procedures