T2S is one of the largest infrastructure projects launched by the Eurosystem so far. It brings substantial benefits to the European post-trading industry by providing a single pan-European platform for securities settlement in central bank money.

Status of the T2S system

Last update: Monday 03 August 2015 05:00

The T2S Services are operating normally according to T2S Schedule.

The Eurosystem cannot be held liable for the information provided here.


T2S launch celebration – 2 July in Milan, Italy

The Rotonda della Besana – the Milan Children’s Museum (MUBA) – was the beautiful and historical venue chosen for the celebration event, entitled “Translating a shared vision into a winning story”. Mario Draghi, President of the ECB, gave the opening remarks, where he emphasised that “T2S is a demonstration of the market’s willingness to achieve deeper integration on a European scale”. Yves Mersch, Member of the Executive Board of the ECB, said that the “T2S Community transformed the shared vision of an integrated securities settlement landscape into a winning story”. In addition, Ignazio Visco, Governor of Banca d’Italia, welcomed the guests to Italy and commended the successful launch of the platform. José Viñals, Director of the Monetary and Capital Markets Department at the IMF, introduced a forward-looking panel discussion moderated by Gertrude Tumpel-Gugerell, former Member of the Executive Board of the ECB, about the path toward capital markets union in Europe. Xavier Rolet, CEO of London Stock Exchange Group, Werner Steinmüller, Head of Global Transaction Banking at Deutsche Bank, and Kay Swinburne, Member of the European Parliament, participated in the panel. To mark the launch, a new T2S video was presented. See more on how securities travel around Europe in a harmonised way.

Watch the summary video of this event.

We also offer images from the migration weekend that preceded the successful launch of the T2S platform.

9 July 2015 – Catalogue of restriction rules updated

The Catalogue of CSDs’ restriction rules and their cross-border impact assessment has been updated. V0.3 now assesses the overall impact of the restriction rules using a “traffic-lights” methodology.


T2S harmonisation

Post-trade harmonisation is a key objective of the T2S Community. It will enable T2S to realise its full potential to benefit the European market, in terms of increasing efficiency and establishing a level playing field.

Key documents

Knowledge base providing insight into key technical, functional and legal documents related to T2S.


The T2S project is owned and operated by the Eurosystem, with the close involvement of all relevant stakeholders in the governance framework.