TARGET2 Securities

TARGET2 Securities

TARGET2-Securities is a project of the Eurosystem launched in 2006 aimed at creating a single IT platform for the settlement of securities in euro central bank money. The settlement platform would be operated by the European Central Bank (ECB) with the objective of reducing the cost of cross-border securities settlement within the euro area. The idea of the ECB is to use the TARGET2 platform for cash payments as the technical basis for the new settlement engine.

The user requirements phase, launched in May 2007, is running until April 2008. In early 2008, the ECB Governing Council will take a final decision on whether to go ahead with the project and launch the development phase. The platform should not be operational before 2013.

See also

* TARGET2

External links

* [http://www.ecb.int/paym/market/secmar/integr/html/index.en.html TARGET2-Securities page on the ECB website]

* [http://www.ecb.int/pub/pdf/other/t2sblueprint0703en.pdf TARGET2-Securities Blueprint] (March 2007)


Wikimedia Foundation. 2010.

Игры ⚽ Нужно сделать НИР?

Look at other dictionaries:

  • TARGET — (Trans European Automated Real time Gross Settlement Express Transfer System) was an interbank payment system for the real time processing of cross border transfers throughout the European Union. It included 16 national real time gross settlement …   Wikipedia

  • European Central Bank — European Central Bank …   Wikipedia

  • T2S — Die Abkürzung T2S steht für: TARGET2 Securities, eine Initiative des Eurosystems zur Vereinheitlichung der Wertpapierabwicklung einen ab 1975 gebauten Schlafwagen, siehe T2S (Schlafwagen) Diese Seite ist eine Begriffsklärung zur Unterscheidung… …   Deutsch Wikipedia

  • Bank Identifier Code — Society for Worldwide Interbank Financial Telecommunication Unternehmensform SCRL (Belgische Genossenschaft) Gründung 1973 …   Deutsch Wikipedia

  • SWIFT-BIC — Society for Worldwide Interbank Financial Telecommunication Unternehmensform SCRL (Belgische Genossenschaft) Gründung 1973 …   Deutsch Wikipedia

  • SWIFT-Code — Society for Worldwide Interbank Financial Telecommunication Unternehmensform SCRL (Belgische Genossenschaft) Gründung 1973 …   Deutsch Wikipedia

  • Society for Worldwide Interbank Financial Telecommunication — Unternehmensform SCRL (Belgische Genossenschaft) Gründung 1973 …   Deutsch Wikipedia

  • Swift-Code — Society for Worldwide Interbank Financial Telecommunication Unternehmensform SCRL (Belgische Genossenschaft) Gründung 1973 …   Deutsch Wikipedia

  • Clearing (finance) — In banking and finance, clearing denotes all activities from the time a commitment is made for a transaction until it is settled. Clearing is necessary because the speed of trades is much faster than the cycle time for completing the underlying… …   Wikipedia

  • settlement bank agent — An agent is a direct participant in TARGET2 appointed by a settlement bank within the securities settlement system ( SSS) that does not have a direct account in TARGET2 ( in the context of the French market, one also uses the term PR for… …   Financial and business terms

Share the article and excerpts

Direct link
… Do a right-click on the link above
and select “Copy Link”