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Dear Clients, Partners and Friends,
Time is running. There are only a few months left for Austria to join the T2S system. In this issue, Günter Schnaitt, who represents UniCredit at the T2S Advisory Group, delivers an overview of the current implementation progress as well as of UniCredit’s involvement.
Being the drivers of T2S preparations in our banking group, the GSS Department is happy to report that all interfaces with other units have been working smoothly from the very beginning, which makes us optimistic for the go-live in February.
After considering the size of our markets, volume of transactions, and the importance of in-depth market knowledge that can only be acquired through local experts on the ground, we concluded the most effective strategy would lie in a “business as usual” model. We believe, however, that T2S has not yet fully realised its potential as new markets will continue to join T2S in the upcoming years.
The GSS team will continue to do our best to prove our excellence and be your provider of choice in navigating the long road ahead to a successful T2S migration.
Susanna Scheffold
Global Head of Securities Services
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