Editorial

by Jean-Michel Godeffroy

The finalisation of the Framework Agreement after more than two years of negotiations represents a major milestone. The Chairman of the T2S Programme Board gives an update on the content of this extensive document and why it is in the interests of CSDs to sign it by April 2012. He confirms that the 15 cent per DvP instruction still stands despite the decisions by the Bank of England and the Swiss National Bank not to participate in T2S with their currencies. Finally, the Chairman summarises the main conclusions of the T2S conference, which was held in October 2011. more

T2S project update

by Helmut Wacket

Read an update of the main decisions and latest achievements of the T2S project. more

Impact of the crisis and EU regulation on the market infrastructure

by Alberto Giovannini

Hear the views of Mr Giovannini on T2S and the impact of non-harmonised EU market practices in an interview conducted at the T2S conference in October 2011. In this issue of T2S Online, we have asked him to elaborate further on the impact of the crisis and EU regulation on the market infrastructure. more

The future T2S governance – backbone of the contractual agreements

by Stephan Sauer

The future T2S governance is defined as the backbone of the contractual agreements between the Eurosystem and the CSDs. Find out about the new T2S governance and how it came into being. more

The “T2S building” is becoming increasingly visible

by Marc Bayle

The “T2S building” is taking shape. Read more on the key technical building blocks of T2S and how the contractual rights and obligations of the Eurosystem and each contracting CSD are defined. Learn about the latest developments and the main challenges ahead. more

Introducing the new T2S Programme Board member

We are happy to welcome Kristian Kjeldsen as a new member of the T2S Programme Board. Meet him in this issue of T2S Online. more