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2026-06-23

Added 2026-06-23 · Updated 2026-08-03

Riksbanken inleder förhandlingar om T2S

The Swedish Central Bank (Riksbanken) has decided to initiate contract negotiations with the Eurosystem to adopt the T2S platform for settling securities in Swedish kronor. Euroclear Sweden AB will simultaneously begin its own negotiations and preparatory work for the transition. The goal is to harmonize the Swedish securities market with EU standards through shared technical solutions and standardized processes, with the transition planned for completion by September 2030.

Sweden

Sveriges Riksbank

News The Riksbank has decided to negotiate a contract with the Eurosystem to use their T2S platform for the settlement of securities in Swedish kronor. The Swedish central securities depository, Euroclear Sweden AB, will also initiate contract negotiations with the Eurosystem and conduct its own preparatory work for the transition to T2S.

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Published

2026-06-23

As early as 2021, the Riksbank made a strategic decision to transition to the Eurosystem's securities settlement platform, T2S. The goal is to adapt securities settlement in Swedish kronor to common technical solutions and standardized processes in the EU, which contributes to more uniform flows for the participating markets.

T2S is the Eurosystem's technical platform for securities settlement. It has been in use since 2015 and is currently used by 24 connected central securities depositories from 23 different countries. Currently, securities in either euros or Danish kronor are settled on T2S, but the platform is designed to handle more currencies.

"Our assessment is that the T2S platform is the most suitable way to ensure that the Swedish securities market is harmonized with the rest of Europe over time. Using the same technical platform facilitates operations for banks and other actors operating in multiple markets. Furthermore, the T2S platform maintains a high level of cybersecurity and redundancy regarding operations," says Christina Wejshammar, Head of the Payments Department.

The transition to the T2S platform is planned to be completed in September 2030 and will take place in cooperation with Euroclear Sweden AB.