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Market Notice 17 March 2016 MN×23/2016T2S Wave 2 Migration Weekend Attention: Priority: Topic:Dips, ICP High T2S Wave 2 Migration Week Endear Client, we inform you that during next weekend from 24th
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01
To fill out the T2S Wave 2 migration, follow these steps:
02
Gather all the necessary information and documentation required for the migration process.
03
Access the T2S Wave 2 migration portal or platform.
04
Create an account or login with your existing credentials.
05
Fill out the migration form by providing accurate and complete details about your business or organization.
06
Carefully review the filled-out form to ensure correctness and accuracy of the provided information.
07
Submit the migration form electronically through the portal or platform.
08
Wait for confirmation or feedback from the T2S system administrators.
09
If there are any additional requests or modifications required, make the necessary changes and resubmit the form.
10
Once the migration request is approved, follow any subsequent instructions provided by the T2S system administrators for the transition process.
11
Keep a record of the migration confirmation and any related communication for future reference.

Who needs t2s wave 2 migration?

01
T2S Wave 2 migration is needed by financial institutions, banks, or organizations that are currently using or planning to use the T2S (Target2-Securities) system.
02
Specifically, it is relevant for those who fall within the scope of Wave 2 migration as defined by the T2S implementation plan.
03
This may include central securities depositories (CSDs), international central securities depositories (ICSDs), securities settlement systems, and other relevant entities involved in the securities industry.
04
The migration is necessary to ensure compliance with the T2S system and to benefit from its enhanced functionalities for efficient securities settlement and management.
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T2S Wave 2 migration is the process of migrating securities towards the TARGET2-Securities (T2S) platform.
Financial institutions and participants in the securities market are required to file T2S Wave 2 migration.
T2S Wave 2 migration can be filled out online through the designated platform provided by the central securities depository or relevant authority.
The purpose of T2S Wave 2 migration is to streamline and harmonize securities settlement processes across Europe.
Information such as securities details, transaction data, participant information, and migration timeline must be reported on T2S Wave 2 migration.
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