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The Business Functionality for T2S Graphical User Interface (download) provides a list of business functions available in the U2A mode (via the graphical user interface) and a brief description covering the purpose and key features of these business functions. (T2S Graphical User Interface (GUI) demo download [1.2 MB], GUI Demo User Guide download [5.76 MB])
User Requirements Document (URD) - The document describes the features of T2S as required by the CSDs and market participants. The URD embodies the users‘ concept of T2S and provides the foundations for all further T2S technical documentation. Latest version: 5.0 („frozen“ version), published in February 2010.
General Functional Specifications (GFS) - The document explains how the requirements expressed in the URD will be fulfilled by the T2S platform from a functional perspective. Latest version: 4.0, published in June 2010. more
General Technical Design (GTD) – The document details the solution envisaged for the T2S non-functional requirements, more specifically with regard to the application design and the infrastructure design.
General Specifications - Together with the GFS and the GTD, the document describes how the Eurosystem envisages implementing the URD. In particular, the General Specifications focus on those user requirements that do not have a functional or technical dimension, such as operational support, testing, migration and information security.
User Detailed Functional Specifications (UDFS) – This is a user-oriented document that illustrates the features of T2S from a business perspective, provides details about application-to-application (A2A) dialogue between T2S Actors and T2S and gives a detailed description of the set of messages processed by T2S.
User Handbook – The document is a user manual for the T2S graphical interface. It exclusively focuses on the U2A (user-to-application) dialogue with T2S.
On 17 November 2011 the Governing Council endorsed the T2S Framework Agreement (download [8.69 MB]) and the related schedules. The FA sets out the contractual rights and obligations of the Eurosystem and each contracting CSD, and covers the development and operation of T2S. It regulates the scope of the controlling powers of the CSDs relating to the outsourcing of their IT functions to the Eurosystem, as well as issues such as liability, protection of intellectual property rights and confidentiality. The FA comprises the main document that contains all of the contractual provisions (the “core FA”) and the more technical and operational schedules that are annexed to the agreement and form an integral part of it. The schedules cover, inter alia, the T2S Programme Plan, User Testing, User Migration, Service Level Agreement, Governance, Change Management, Pricing and Exit Management (High Level Summary)
On 22 November the President of the ECB, Mario Draghi, transmitted the Framework Agreement to the boards of CSDs inviting them to sign it by April 2012 or, in case they need more time to complete their feasibility studies, by June 2012.The FA will become effective from the moment it is signed by the parties to the Agreement. More
On 21 April 2010, the Governing Council adopted the T2S Guideline (ECB/2010/2). The Guideline is the cornerstone of the legal framework for T2S and the basis for all other legal agreements to come in place in the future.
Briefly summarised, the T2S Guideline contains (i) a list of decisions reserved for the Governing Council of the ECB; (ii) the roles and responsibilities of the T2S Programme Board and the 4CB and their mutual relations; (iii) provisions on the relations with external stakeholders; (iv) the basic procedures for the financial regime, the Eurosystem’s rights to the platform, CSD access criteria and other CSD-related issues and eligibility conditions for non-euro currencies.
On 17 November 2011, the Governing Council adopted Decision ECB/2011/20 establishing detailed rules and procedures for implementing the eligibility criteria for central securities depositories to access T2S Services.
The Currency Participation Agreement will govern the relationship between the Eurosystem and non-euro area central banks that wish to make their currency available in T2S. The formal negotiation of the agreement is taking place within a dedicated task force, composed of legal and technical representatives from the non-euro area central banks and the Eurosystem. The agreement is anticipated to be ready for signature in early 2012.
