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ECB revision to migration deadlines pushes back arrival of T2S

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Already delayed, Target2-Securities (T2S) has effectively been pushed back further as a result of a revision to the migration waves for Central Securities Depositories (CSDs). Few CSDs wanted to go in the first two of the three scheduled waves and, unable to persuade them to step forward, the European Central Bank has now given them breathing space to November 2016.

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