ECC Clearing Circular 29/2020 | T2-T2S Consolidation

    Announcement regarding ECB’s Governing Council approval for postponement of T2-T2S consolidation golive date

    The Governing Council of the European Central Bank has decided on July 28th to extend the timeline of the T2-T2S consolidation project by 12 months. The initial go-live was scheduled for November 2021 (see also ECC Clearing Circular 15/2020). The project is now scheduled to go live in November 2022*.

    For more information, please also refer to the ECB website here ECC will provide further updates e.g. dedicated test phases, required setup and documentation during the implementation phase of the project.
    In case of any questions related to T2-T2S consolidation, please contact our dedicated team at