Target2-Securities: so far, so good as first systems go live
Years of preparation went in to T2S, the ECB-pioneered platform aimed at harmonising securities settlement across Europe, and on June 22 it launched with a minimum of disruption
After nine long years of work, Target2-Securities (T2S) welcomed its first participants with a relatively painless launch on June 22.
T2S is a project of such magnitude that technical problems could be viewed as part and parcel of the deal. So the lack of severe complications must partly be down to the efforts and fairly small size of the four markets that composed the first migration wave – Romania (Depozitarul Central), Malta (Malta Stock Exchange), Switzerland (SIX SIS) and Greece (BoGS).
"It
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