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The Task Force on TARGET2-Securities Contractual Issues (TCI) is supporting the Eurosystem in preparing the draft contractual framework for the specification and development phase of T2S between T2S and CSDs and will identify and further specify key issues to be included in the contractual framework for the operational phase of T2S. This contractual framework shall be based on the User Requirements Document.
| Function | Name | Organisation |
|---|---|---|
| Chairman | Senkovic, Petra | ECB |
| Rapporteur | Karpf, Alexander | ECB |
| A. Central Bank Members | Mr Javier Bernardo-Rubio | Banco de España |
| Ms Eija Brusila | Bank of Finland | |
| Mr Martin Eisenhut | Deutsche Bundesbank | |
| Ms Marion Gloudemans | De Nederlandsche Bank | |
| Mr Hannes Hermanky | Oesterreichische Nationalbank | |
| Mr Paul Lenihan | Banque de France | |
| Ms Monica Marcucci | Banca d’Italia | |
| Mr Gilles Stuer | National Bank of Belgium | |
| B. CSD Members | Ms Enrica Cremonini | MonteTitoli |
| Ms Mirna Hidalgo | Euroclear | |
| Mr Christian Heyne | Clearstream | |
| Mr André Kalbermatter | SIX SIS AG | |
| Ms Elisabeth Karner | Oesterreichische Kontrollbank | |
| Mr Mogens Kruse | VP | |
| Mr Adrian Lixandru | Roclear | |
| Ms Helena Lopes | Interbolsa | |
| Mr Nikolaos Porfiris | HELEX | |
| Mr Paul Symons | Euroclear | |
| Mr Christina Tarnanidou | HELEX | |
| Mr Dimitris Tsibanoulis | Bank of Greece (BOGS) | |
| Ms Delfina Vazquez | Iberclear | |
| Mr Robert Vella-Baldacchino | MaltaCSD/MaltaClear - Malta Stock Exchange | |
| Mr Georg Zinner | Oesterreichische Kontrollbank | |
| Mr Claus Koren | VPS Norway | |
| Paweł Przygoda | National Depository for Securities (KDPW) - Poland | |
| Jacek Michalczyk | National Depository for Securities (KDPW) - Poland |
As provided for in the Memorandum of Understanding on T2S of 16 July 2009 between the Eurosystem and the CSDs, the Task Force on Contractual Issues (TCI) shall support the CSD Contact Group (CCG) as a forum for discussion of the legal issues necessary for the preparation of the Framework Agreement for TARGET2-Securities (T2S). In particular, the TCI shall:
The TCI Chairperson will provide an updated draft version of the Framework Agreement before each of the TCI, PMSG and CCG meetings, within a timeline agreed with the CSDs and aiming at allowing sufficient time for review and internal consultation.
The TCI shall be composed of a limited number of CSD representatives and Eurosystem members, designated by the CCG. The nominees shall have the requisite legal and/or technical expertise.
The TCI Chairperson shall be a highly experienced ECB staff member who shall be designated by the T2S Programme Board.
The TCI Chairperson may, in consultation with the CSDs, if considered appropriate, also invite observers or technical experts to participate in a meeting.
Findings of the TCI shall be made by consensus. If consensus cannot be reached among all TCI members, the TCI Chairperson shall also present the diverging views. Any reporting on the work of the TCI shall, in accordance with the terms of the T2S Memorandum of Understanding, be considered confidential information, which may be shared with entities or persons other than the CSDs represented in the CCG and the Eurosystem central banks only following approval by the TCI.
