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

    More Information

    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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