On September 12, 2016, the European Central Bank announced that the TARGET2-Securities migration weekend of wave 3 was successfully completed. The TS2 system is a single pan-European platform for securities settlements using central bank money. Wave 3 involved the migration of five new securities depositories to the TS2 system. As at September 12, 2016, this included Euroclear Belgium, Euroclear France, Euroclear Nederland, VP Lux (Luxembourg) and VP Securities (Denmark). Wave 4 is currently planned for February 6, 2017. The ECB noted that following the completion of Wave 3, T2S is now processing about 45% of the total expected transaction volume to be achieved after the end of full migration in 2017.

The update is available at: http://www.ecb.europa.eu/paym/t2s/html/index.en.html