Target2-Securities: so far, so good as first systems go live

Pan-European securities settlement platform goes live on time and with minimum disruption

Mehdi Manaa, T2S programme manager, ECB

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).

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