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Focus Session (virtual) 

Potential use of new technology for wholesale central bank money settlement

When, Where

15 December 2023, 9:00 - 14:00 CET
Virtual Event

Video recording

The event is available to watch again.

Agenda
8:50

Event login

9:00

Practical information

9:00

Opening remarks

The Eurosystem is exploring potential solutions for central bank money settlement of wholesale financial transactions recorded on distributed ledger technology (DLT) platforms. The work is part of the Eurosystem’s broader efforts to ensure that central banks keep pace with and contribute to digital innovation in wholesale and retail payments. Learn more about the background and intended purpose of the work.

  • Ulrich Bindseil, Director General, ECB

Slides

9:15

Exploratory work

The Eurosystem is looking into if, when and how financial market stakeholders could take part in the Eurosystem’s exploratory work. Trials and experiments with solutions for settling central bank money on DLT are planned to start in 2024. Learn more about the planned framework for the conduct of the exploratory work.

  • Holger Neuhaus, Head of Division, ECB
  • Claudine O’Connor, ECB

Slides

10:45

Break

11:00

Introducing the interoperability-type solutions for the Eurosystem’s exploratory work

11:05

Demo: Trigger solution

The Trigger Solution allows for the settlement of DLT-based wholesale financial transactions in central bank money in T2, the Eurosystem RTGS system. This solution consists of a DLT infrastructure, which acts as technical bridge between T2 and market DLT platforms. The solution is developed and operated by Deutsche Bundesbank.

  • Nadine Knaust, Deutsche Bundesbank
  • Besfort Shala, Deutsche Bundesbank
11:50

Demo: TIPS Hash-Link solution

The TIPS Hash Link enables settlement of wholesale financial transactions in central bank money on accounts in a TIPS-like platform, set up for the Eurosystem. The solution tests interoperability between a market DLT platform and a payment system, the TARGET Instant Payment System (TIPS) via an API gateway. The solution is developed and operated by Banca d’Italia.

  • Giuseppe Santangeli, Banca d’Italia

Slides

12:35

Demo: Full-DLT Interoperability solution

The Full-DLT interoperability solution “DL3S” allows for settlement of wholesale financial transactions in central bank money in a DLT-based account held on a DLT platform provided by the Eurosystem. The solution is developed and operated by Banque de France.

  • Victorien Goldscheider, Banque de France

Slides

13:20

Closing remarks

  • Holger Neuhaus, ECB
14:00

End of event

This programme may be subject to change without notice.

Audiovisual notice: The entire Focus Session will be live streamed, recorded and published on the ECB’s website shortly after the event, together with the slides presented.

To register for the event, please send an email to mip.events@ecb.europa.eu