• ID2S provides issuers with an automated process for NEU CP issuance all the way through to final settlement in TARGET2-Securities (T2S), offering same day settlement as standard.
• ID2S supports clients in reducing credit and counterparty risk and improving liquidity management.
• ID2S Participants benefit from real-time transaction reporting (via SWIFT messaging or the ID2S user interface).

ID2S’ settlement infrastructure ensures a 100% STP for all the lifecycle steps of the process thanks to the usage of innovative software technology and fully integrated flows with the trading platform we work with, NowCP.

• ID2S provides a smooth, quick, efficient and cost conscious settlement process for all the trades executed either through a Multilateral Trading Facility (MTF) or Over-The-Counter (OTC).
• ID2S’ settlement infrastructure ensures a high straight-through-processing (STP) rate for the entire post-trade lifecycle with transactions settled on a real-time gross basis.
• All transactions involving a cash leg are settled in TARGET2-Securities (T2S) using central bank money.
• ID2S is directly connected to the TARGET2-Securities (T2S) platform, outsourcing the matching and settlement to T2S.
• Feedback from T2S on matching and settlement is processed in real-time by ID2S and is made available to ID2S Participants in real-time, via SWIFT reporting and/or a dedicated user interface.

Account opening at ID2S is simple and streamlined. Participants Accounts record financial securities held by the Participant itself or its clients. According to regulation, proprietary accounts and client/third party accounts must be segregated. Participants have the option to choose to open either an individual segregated account (ISA) where the account is for a specific investor or an omnibus segregated account (OSA) to hold the financial securities of a group of clients on a collective basis. ID2S does not charge any fee for accounts, irrespective that they are segregated or not.

ID2S supports the processing of corporate actions for NEU CP in line with the T2S Corporate Actions Standards. Currently covers coupon payments as well as the redemption process. ID2S supports the full corporate action lifecycle. Accurate information is sent to Participants in a timely manner meeting tight deadlines via ISO-based SWIFT messaging with STP, minimising cost and operational risk.

• Notary service supporting issuance of NEU CP, recording newly issued securities in a book entry system
• Central maintenance service supporting safekeeping of NEU CP, providing and maintaining securities accounts at the top tier level, including the processing of corporate actions such as redemption and coupon payments.
• Settlement service for NEU CP in TARGET2 Securities (T2S), for securities and cash settlement, including corporate actions, for both securities and cash supporting both Directly Connected Participants (DCPs) and Indirectly Connected Participants (ICPs).

ID2S supports the full corporate action lifecycle processing for securities (including NEU CP) in line with the T2S Corporate Actions Standards.These go from notifications and processing (redemption and cash distributions) through to final reporting. Accurate information is sent to Participants in a timely manner meeting tight deadlines via ISO-based SWIFT messaging with STP, minimising cost and operational risk.

Middle Office services to support the trading venue (NowCP) are also offered.