BTâs service will deploy managed gateways operating over BTâs Shared Market Infrastructure for open, standards-based, authenticated messaging capabilities with non-repudiation for all CCI communication channels (screen, message and file). In addition, BT will offer an Internet screen-based connectivity option.
Wim Claeys, Managing Director and Head of Strategic Programmes at Euroclear, said: âAs we move forward in creating our single-access gateway to Euroclear, we are pleased with BTâs offer in meeting our requirements for reliable providers of secure and cost-effective messaging services for our new Common Communication Interface. Clients migrating to the CCI using BTâs global messaging solutions will benefit from industry messaging standards, strong end-to-end security and high levels of client service, enabling them to achieve significant back-office savings from the CCI.â
Kevin Covington, Executive Vice President of Product & Business Development at BT Radianz, said: âWe are delighted to be selected by Euroclear as one of their key providers of secure messaging services for the new Common Communication Interface. This new contract builds on BTâs ten years of delivering the secure messaging SettleNET service for CREST and five years of BT Radianz delivering connectivity to Euroclear Bank and Euroclear France clients. This agreement marks a significant milestone in BTâs ability to provide top-quality services to the global financial services community in which Euroclear is a key service provider.â
Euroclear recently completed the launch of its Single Settlement Engine, the first major milestone in delivering a âdomestic market for Europeâ for domestic and cross-border securities transactions.