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31 december 2008

Post-trading activities: the Target2-securities project is underway

After two years of consultation and feasibility studies, the ECB decided to launch the Target2-securities (T2S) project on 17 July 2008.

 

The aim of this project is to implement a single settlement platform for euro-denominated securities transactions. As users of settlement-delivery securities infrastructures, French banks are highly supportive of this project. This single platform will contribute to the integration and sound functioning of the European settlement-delivery systems. It will also ensure greater transaction efficiency and security. It is the banks' wish that users be fully involved in the project's governance.


The ECB is entrusting the implementation and operational management of Target2-securities to the German, Spanish, French and Italian central banks. The operational launch of T2S is scheduled for 2013.

 
 
 
 
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