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: Saturday 25 June 2016 03:00

The T2S services are closed for settlement in accordance with the T2S calendar.

The T2S services will reopen on the next T2S settlement day as per T2S calendar.The Eurosystem cannot be held liable for the information provided here.


Celebrating T2S – a year in

Happy first birthday, T2S! A year has gone by in the blink of an eye, but what an eventful year it has been. On 22 June 2015, four central securities depositories (CSDs) from Greece, Malta, Romania and Switzerland completed their migration to T2S. The Italian market joined them shortly after on 31 August 2015. Since then, two more CSDs from Belgium and Portugal have begun operating on the T2S platform.

T2S and its community have grown in more ways than one. Dealing with unexpected challenges has been a part of the journey, but they have not deterred us from the end goal. We are eager to welcome the remaining CSDs joining T2S in the remaining three waves, with the final wave scheduled for September 2017. Do you want to know more about how T2S is performing? Keep an eye out for the upcoming Special Series to be published next week.


T2S harmonisation

harmonisation logo here

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.