For example, settlement in T2S in Europe is harmonised and cross-border costs will be reduced. These benefits will help open opportunities into new markets. However, integral custody services will remain at the local market level, such as; corporate actions, tax and regulatory compliance, which will require on-the-ground expertise. It will be essential to have a provider who can balance the advantages of the harmonised environment with the local expertise still required.

Our full service custody offers centralised cash and settlement services via a T2S regional hub, combined with a distributed operating model that incorporates on the ground staff. We provide local market expertise and optional levels of asset protection.

Omnibus account: Full Service capabilities, asset safety, safekeeping and regulatory reporting in the local market.

Segregated account: Full Service capabilities, asset protection, able to identify and allocate assets efficiently in a crisis event.

Adopting Deutsche Bank’s account operator solution to T2S, our clients benefit from a range of significant advantages.

Thought leadership

• Our market advocacy team has a reputation in the market for providing an influential and consistent message on behalf of our clients.
• We have representatives on key T2S committees including: CSD steering Group, Advisory Group, Harmonisation steering Group and a directly connected participant (DCP) governance group
• We recognise the extension of T2S functionality as an infrastructure, beyond the initial set of participating markets

Commitment

• We have been at the heart of the T2S project since it began
• We are providing full functionality in T2S
• We are directly connected participant’s (DCP) to T2S in each major Eurozone market
• Senior level focus on growth and opportunities in a post-T2S environment

Expertise

• We are a market leader in EUR (€) cash clearing
• We have a proven track record of experience in extensive harmonisation projects in the Eurozone, T2 and SEPA.
• We provide dedicated solutions for over 6,000 clients

Services:

• Securities settlement services (third party)
• Assets held in your name at CSD
• Single booking location with single view of inventory
• Regulatory reporting in local market
• Full T2S functionality
• Securities income processing, Corporate action, proxy voting, tax services
• Trade cycle management
• Asset servicing including proxy voting
• Local lending
• Direct market access (CSD/clearing house)
• Cash settlement bank
• Trade matching
• Securities clearing
• Position management & securities valuation
• Document management
• Cash account services
• Payment processing services
• Payment clearing
• Fails coverage (where applicable)