Moving to the next phase of the T2S project

Picture TARGET2-Securities

On 8 March 2007 the Governing Council of the ECB concluded that it is feasible to implement TARGET2-Securities and therefore decided to go ahead with the next phase of the project.

For details of the decision, see
For further details, see the studies below that were the basis for the decision. Market participants are invited to take note and comment on the documents published. A consultation on the user requirements will be launched by end-April 2007.
  • 8 March 2007: The blueprint,    pdf 238 kB,  en
  • 8 March 2007: Operational feasibility study,    pdf 590 kB,  en
  • 8 March 2007: Technical feasibility study,    pdf 152 kB,  en
  • 8 March 2007: Economic feasibility study,    pdf 230 kB,  en
  • 8 March 2007: Legal feasibility study,    pdf 87 kB,  en
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