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A glance at T2S performance in 2019

3 June 2020

In 2019 TARGET2-Securities (T2S), the European platform for the settlement of securities transactions in central bank money, settled an average of 606,938 transactions a day. The total daily value of transactions processed averaged €1,106.13 billion.

The recently published T2S Annual Report looks at the development of the securities settlement system over 2019. The activity registered on the platform during the year indicates a positive trend towards integrated securities settlement in Europe. The platform connects 21 central securities depositories from 20 different European countries, with a single set of rules, standards and tariffs. Other topics discussed in the report are the financial performance and risk management of the system, as well as its consistently high service level.

Looking ahead, the report describes changes to the platform that will be implemented in 2020, including the introduction of the T2S penalty mechanism and further upgrades related to ISO messages and the T2-T2S consolidation project.

The operating statement and financial situation of T2S are also available in its financial statements for the fiscal year 2019.