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MMI Migration Marks Completion of UK Securities Settlement Consolidation
With the successful transfer this week of sterling Certificates of Deposit (CDs), the Bank of England and CRESTCo are pleased to announce that the migration of all money market instruments (MMIs) from the Central Moneymarkets Office (CMO) to CREST has now been completed smoothly and on schedule.
Published on
16 October 2003
The migration also marks the conclusion of the programme of work set out in the Bank of England's 1998 Securities Settlement Priorities Review, and cleared the way for the closure, at noon today, of the CMO settlement system.
Press release