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Settling
without
borders
The summer edition of the T2S OnLine quarterly review is now available both on the web (see the box to your right) and in printable format. In his editorial, Jean-Michel Godeffroy, Chairman of the T2S Programme Board, describes the progress made in defining future T2S governance. The issue also includes a project update, information on key policy and technical issues, and an interview with Göran Fors and Henry Raschen, Chairs of the Swedish and UK National User Groups. Finally, it introduces the reader to the CSD Contact Group.
In an interview with the Romanian media company Mediafax, Jean-Michel Godeffroy, Chairman of the T2S Programme Board, shares his views about the impact of T2S on the post-trading landscape in Europe, with a particular focus on the Romanian CSD. (Interview)
The July issue of the FSR (Financial Services Research) deals with the status and challenges of the T2S project. It includes an interview with Jean-Michel Godeffroy, Chairman of the T2S Programme Board, as well as contributions by representatives from the private sector. (Spotlight)
Trading securities, such as stocks, requires "settlement", meaning that securities and money are exchanged (usually electronically) between buyer and seller. In Europe, prices for settlement are far too high because there is still no Single Market for these services.
T2S will be the technical basis to make settlement in Europe faster and cheaper.
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Please also see our T2S brochure [3.6 MB]
In his editorial, the Chairman of the T2S Programme Board describes the latest proposal for the future governance of T2S, and shows how this arrangement seeks to address and balance the needs of all stakeholders involved in T2S. more
This section provides a general update on the progress made in the T2S project over the last few months, in particular concerning technical aspects, policy issues and negotiations with stakeholders. more
The recent finalisation of the General Functional Specifications brings us to a new stage in the technical development of the T2S platform. more
The Chairs of the Swedish and UK National User Groups provide insight into the current stance of their markets towards T2S, with a special focus on benefits and challenges that might derive from the participation of their currencies in T2S. more
All T2S participants that exchange messages with the platform will need a network connection to T2S. The connection will be supplied by a number of providers selected through a public tender. Marc Bayle explains how the Eurosystem will go about the selection process. more
T2S is a service offered to CSDs: their support is thus crucial to the success of T2S. The CSD Contact Group provides a forum through which the CSDs are extensively involved in the project’s governance and, in particular, can negotiate their participation in T2S with the Eurosystem. more