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Target2Securities Services (T2S)

 

T2S intends to create a single, borderless pool of European Securities and significantly reduce the cost of cross-border settlements in Europe. Achieve an efficient and smooth transition to the T2S platform  with TCS’ end-to-end Target2Securities offerings. 

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TCS Advantage

  • Global capital markets expertise providing cutting-edge solutions across 53 markets across all asset classes
  • Successfully executed large market transformation projects in Continental Europe, the UK, South Africa, New Zealand, Kuwait, Canada, India and China
  • Leading independent provider of consulting, solutions and IT services to market infrastructure organizations including CSDs
  • Services 6 of the top 10 global custodians
  • Recognized as the leader in Capital Markets Application Outsourcing – Everest PEAK Matrix
  • Significant investments in the T2S initiative: Executed early engagements in T2S including engagements associated with the T2S platform
  •  Solution accelerators like T2S Functional impact analysis accelerator and MasterCraft Tool set for improving productivity, quality and performance
  • Optimal resource utilization and better demand management through a core-flex model and optimized offshore leverage

Our Solutions

Market consolidation initiatives like Target2Securities (T2S) and regulatory changes in Europe have created an imminent need for business transformation by capital market and market infrastructure organizations.

We understand that CSDs and custodians are at different stages in the T2S transformation journey. We offer a range of solutions, consulting and IT services that enable you as a CSD or a custodian to achieve an efficient and smooth transition to the T2S platform. We provide the right combination of solutions for each stage of the transformation program, a bouquet of offerings that truly underscores our unique multi-dimensional strengths. Our solution encompass the following:

IT Services

We provide the following IT services:

  • Simplifying securities IT architecture and fitting with group application architecture
  • Building and implementing new modules for settlement services like real-time position management and limits
  • Re-engineering legacy applications
  • De-commissioning legacy applications
  • Performing system integration with new platforms and package implementations
  • Implementing and integrating direct connectivity
  • Enhancing / building centrally managed reference data management systems to improve the standardization of security information
  • Re-engineering corporate action systems, enhancing automatic reconciliation and building tighter controls
  • Enhancing billing and fee systems to cover complex fee application requirements
  • Enhancing reporting systems
  • Providing data migration and market testing & go-live support services
  • Providing service desk support for T2S-related services
  • Integrating standard product implementations
  • Gain a competitive advantage by minimizing the impact of adaptation changes on customers and build new service offerings with reduced time-to-market
  • Rationalize your investments with optimal solution selection and lower running and maintenance costs of the target system
  • Address critical T2S program dimensions of time and complexity with TCS’ comprehensive offerings and program accelerators
  • Mitigate risk of non-compliance with pre-defined T2S transition waves using TCS’ best practice guidelines for IT customization, integration and migration
  • Ensure “business-as-usual” for your organization before, during and after adaption to T2S

Solution Benefits

  • Gain a competitive advantage by minimizing the impact of adaptation changes on customers and build new service offerings with reduced time-to-market
  • Rationalize your investments with optimal solution selection and lower running and maintenance costs of the target system
  • Address critical T2S program dimensions of time and complexity with TCS’ comprehensive offerings and program accelerators
  • Mitigate risk of non-compliance with pre-defined T2S transition waves using TCS’ best practice guidelines for IT customization, integration and migration
  • Ensure “business-as-usual” for your organization before, during and after adaption to T2S
 

White Papers

T2S – Simplifying Settlement in Europe

In this white paper, we discuss the main challenges for CSDs / custodians & other market participants while adapting to the T2S initiative and various considerations to ensure efficient implementation and suggestions for future business models.

White Papers

Driving Organization and Technology Transformation for T2S Adaptation

We highlight TCS’ point of view on the challenges and complexity that institutions confront in their T2S transformation process and summarize the application of some industry proven best practices and frameworks to prepare institutions to embrace T2S.