Valordata Feed (VDF) is a fully structured and encoded financial data feed offering near-real time delivery of reference data.
TARGET2-Securities (T2S) Settlement Data
The introduction of T2S means radical changes to the settlement operations landscape. To run an efficient back-office, banks need to ensure that their daily automated operations can continue running smoothly. The SIX service helps you overcome migration challenge by flagging securities for T2S eligibility, backed by a comprehensive data universe.
Launched by the Eurosystem and the European Central Bank (ECB), the T2S project brings significant benefits to the European post-trading industry by providing a single pan-European platform (T2S) for securities settlement transactions in central bank money.
The aim of T2S is to reduce cross-border settlement costs, attract more foreign investors, and harmonize the highly-fragmented Central Securities Depositories (CSD) infrastructure in Europe. Shareholders may invest in the future in T2S-eligible securities in the same way they do with domestic securities today.
Our data service
SIX’s service flags financial instruments that are eligible to be settled via the T2S platform. The service follows the migration plan scheduled by the ECB and focuses on covering all the most important markets. Entities will be flagged with their role as it corresponds to the security, such as Issuer CSD, Investor CSD, or Securities Maintaining Entity (SME). Custody information will be provided additionally.
SIX is in direct contact with CSDs in order to maintain a daily updated list of T2S-eligible instruments, thus saving back-office managers from the costly and complex task of doing it manually. The eligible securities are accessible via our fully structured and encoded financial data feed and can be easily integrated into core banking systems.