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    T2-T2S Consolidation

    The T2-T2S consolidation project is a European infrastructure project driven by the European Central Bank (ECB) with a planned go-live in March 2023. The aim of the T2-T2S consolidation project is to consolidate and optimise the provision of the TARGET2 (T2) and TARGET2-Securities (T2S) services and to address the increasing demand for having an effective facility for the provision of liquidity to existing and future Eurosystem payment and settlement services.

    Simulation start: June 2022
    Production start: March 2023

    Features

    Functional convergence

    Functional convergence of the current Eurosystem’s settlement services (T2S, TARGET2 and TIPS) into a single platform, which will allow the sharing of common components (reference data, data warehousing, archiving, etc.).

    Consolidated payment infrastructure

    Consolidated and optimised provision of the TARGET2 (T2) and TARGET2-Securities (T2S) services by addressing the increasing demand for having an effective facility for the provision of liquidity to existing and future Eurosystem payment and settlement services.

    T2-T2S Consolidation Member Simulation Guide

    Download the guide here

    Circulars

    ECC Clearing Circular 23/2022 | T2-T2S Consolidation Project: Preparation of testing activities - Part 2
    ECC Clearing Circular 8/2022 | T2-T2S Consolidation Project: Preparation of testing activities
    ECC Clearing Circular 29/2020 | T2-T2S Consolidation
    ECC Clearing Circular 15/2020 | Information on Target2 – Target2 Securities Consolidation

     

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    Contact

    In case of any questions on items and participants requirements or if you require further information, please contact us at  

    target2.consolidation@ecc.de

    Forms

    Detailed information and download of admission-forms. 

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    News

    Newsroom providing ECC-related circulars and press releases. 

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    Member Section

    The Member Section addresses the Clearing Members, DCP Clearing Members, Non-Clearing Members, sub-CCP’s and partner exchanges.

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