Pricing

The T2S pricing structure is based on a number of key principles on which agreement has been reached with all stakeholders within the T2S Advisory Group.

The Governing Council decided on the final pricing structure in November 2010. This structure illustrates the settlement service items that are charged for in T2S.

Furthermore, based on the estimate of the T2S costs and the expected settlement volumes, in November 2010 the Governing Council of the ECB decided that the delivery-versus-payment fee in T2S would be set at €0.15 per instruction. This price is guaranteed from the start of operations until the end of 2018.

As a result of the decisions on the T2S pricing structure as well as the delivery-versus-payment price per instruction, the actual T2S price list has been defined.