This new platform enables the commencement of operations on the European securities settlement platform, TARGET2-Securities (T2S).

This milestone achievement realized in partnership with Montran, signifies a pivotal moment in the evolution of Croatia’s Capital Markets Infrastructure. It ushers in cutting-edge solutions for sustainable securities market management. The new CSD platform allows SKDD to efficiently integrate with the Euro Area through T2S, managing the complete lifecycle of dematerialized securities. This includes registration, primary and secondary market clearing, settlement, and corporate actions processing. It is built with best practices and complete support for straight-through-processing (STP) using ISO 20022 messages for its operations.

According to Ms. Dora Matošić, President of the Management Board at SKDD, "The successful implementation of these new platforms is a major milestone in upgrading the Croatian securities market infrastructure, and in joining it to T2S, this contributes to the further development of the stability and efficiency of the Croatian capital market, providing a more advanced and integrated infrastructure for securities settlement."

"Montran’s state-of-the-art CSD solution and our experience with T2S provide the Croatian market with a proven platform where all stakeholders benefit from full T2S integration, best market practices, harmonized Corporate Action processing and notifications, and the latest ISO 20022 messages," said Ms. Raegan Esca, Montran Europe General Manager. "We are confident this platform will drive innovation and growth in the Croatian capital market."

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