European depository Clearstream plans to pass on to its customers an estimated EUR30 million in development costs for migrating to the European Central bank's Target2-Securities (T2S) system.
At the end of the day its all about cost and efficiency and T2S has not yet proved either to be available.At least at the moment.With volume based cost structures the return is always difficult to predict and without the UK being involved the costs look
like being over an extended period. That still leaves efficiency that we wont know until it starts to go live. At this stage T2S still looks like a risk but it could be worth it? Who knows?
Current users paying for development to a service that they may not use in the future? hmmmm....final abuse of a monopoly position methinks.
Basic £130-140K OTE £250K (no ceiling)London based and across EMEA
© Finextra Research 2014