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TARGET2-Securities - Frequently Asked Questions
TARGET2-Securities (T2S) is one of the most important infrastructure projects of the ECB. T2S is a pan-European settlement platform which will enable settlement in Central Bank Money (CeBM).
24 CSDs representing 21 pan-European markets signed the T2S Framework Agreement in 2012 with the Eurosystem. As a consequence, these CSDs have committed to bringing their local market into T2S and to implementing the new EU harmonization standards necessary to harmonize processes across the markets.
T2S will be implemented in four migration waves and one contingency wave, starting in June 2015.[...]
24 CSDs representing 21 pan-European markets signed the T2S Framework Agreement in 2012 with the Eurosystem. As a consequence, these CSDs have committed to bringing their local market into T2S and to implementing the new EU harmonization standards necessary to harmonize processes across the markets.
T2S will be implemented in four migration waves and one contingency wave, starting in June 2015.[...]