The implementation of TARGET2-Securities (T2S) on the ESES (Euroclear Settlement of Euronext-zone Securities) area, the related functionalities, as well as the evolutions in the services provided by the CSD (Central Securities Depository) require for the French market to adapt some practices currently in force, to ensure appropriate management in a post-T2S environment.
In order to meet this need, AFTI created at the beginning of 2015, the Market Practice Adaptation workgroup (GAPM). The GAPM and the CFONB financial instruments experts have defined market practices. Each of them describes the existing practice and their impact on T2S as well as the recommended practice in the framework of the implementation of T2S.
Please find below the list of the market practices and the market practices sheets available. In order to consult them, just click on their reference.
- List of the market practices (click here)
- Switch of the instruction mode of securities financing transactions into a Buy/Sell mode and management of the transition to T2S (MS-SETTL-CESSIONSTEMP-01)
- Management of Corporate Actions using Euroclear’s « Free Of Payment Without Matching” service (MS-SETTL-FRANCO-01)