State Street has selected Deutsche Bank as its TARGET2-Securities (T2S) custody partner for select markets
T2S was launched with the aim of reducing the risks and the costs of cross-border securities settlement while bringing competition to the post-trade services world.
State Street will utilise Deutsche Bank’s Settlement Hub in Frankfurt to provide a full service custody solution in core T2S markets that will supplement State Street’s own direct connection.
“Each client has a different T2S strategy and our modular solutions provide clients with the flexibility to select service models that best suit their business needs,” said Joseph Barnes, Head of Securities Services for the Americas, Deutsche Bank. “Our Settlement Hub solution provides State Street with the in-market expertise they value while streamlining trade processing via a single legal and technical access point”
Deutsche Bank (XETRA: DBKGn.DE / NYSE:)
For further information please contact:
Deutsche Bank AG
Phone: +1 (212) 250 0622
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