ECB: TARGET2-Securities meeting with market participants

19 December 2006

The ECB held a Tri-party meeting with presentatives of market participants and Market Infrastructures on TARGET2-Securities in Frankfurt/M. on 18-19 December 2006 presenting the functional architecture of the planned system. The users’ connectivity options as well as settlement of the cross-CSDs transactions are also covered.

“T2S is not about the expansion of central bank operations. It is about integrating the capital markets in Europe”, Mrs. Tumpel-Gugerell said on the Dinner speech. “If anything, T2S will increase the possibilities for choice and competition. Participants will be able to choose among many CSDs to access a common settlement engine.”

Speech Tumpel-Gugerell
Draft working document on T2S
Further documents

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