The ECB published for public consultation the T2S user requirements and the methodology for the assessment of the economic impact of T2S. The T2S user requirements were drawn up by the T2S Advisory Group and consist of a management summary, 21 chapters describing the features of T2S and 17 annexes explaining specific T2S concepts and functionalities.
The methodology for the economic impact assessment describes the approach that the Eurosystem intends to adopt in order to calculate the costs, benefits and macroeconomic impact of T2S.
The final user requirements, together with an updated economic and business case analysis, a revised timetable for implementation, and governance proposals, will be presented to the ECB decision-making bodies for decision in summer 2008 as to whether to start the build phase.
Deadline for comments is
Advisory group - 5th meeting conclusions (28-29 Nov 2007)