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Tata Consultancy Services said on Tuesday that Keler, Hungary’s Central Securities Depository, has selected a solution from its BaNCS suite of offerings.
The solution from TCS will help Keler modernise its technology and set up its capability for TARGET2-Securities or T2S settlement, as per a press statement.
T2S is a new European securities settlement engine which aims to offer centralised settlement in central bank funds across all European securities markets.
Financial details of the deal were not disclosed.
The TCS scrip was down by 0.86 per cent to close at Rs 1,995.3 on the Bombay Stock Exchange today
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