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Focus session (virtual)

TARGET2/T2S consolidation project and TIPS - status update and connectivity

When, where

Thursday, 24 September, 9:00-13:00 CET
WebEx event




Welcome address

Video recording

  • Ulrich Bindseil, Director General, ECB

Practical information


Project update

Consolidation Project update- Focus session

Video recording

The timeline of the project to consolidate TARGET2 (T2) and TARGET2-Securities (T2S) has been extended by one year following discussions with Europe’s financial community. What are the key dates ahead? How can the community stay prepared? Is there an impact on the Eurosystem Collateral Management System (ECMS) project?

  • Dimitri Pattyn, ECB



Single connection to the TARGET Services

Explainer on distinguished name and authentication

Single connection to target services

Video recording

The new Eurosystem Single Market Infrastructure Gateway (ESMIG) allows market participants to connect to the TARGET Services (T2, T2S, TARGET Instant Payment Settlement (TIPS) and ECMS). SIA-COLT and SWIFT have been awarded the contract and will connect market participants to the ESMIG. What are the connectivity options? What is the timeline? This is an opportunity to gain an insight into all aspects of the project and to ask questions.

  • Moderator: Mayte Arráez, ECB
  • Marco Pieroni, Banca d’Italia
  • 15-minute presentation by Deborah Traversa, SIA-Colt
  • 15-minute presentation by Isabelle Olivier, SWIFT
  • Q&A session

TIPS update

TIPS Presentation

Video recording

To support the full deployment of instant payments across Europe, the Governing Council of the ECB has decided to carry out a major TIPS update to ensure reachability. What are the specific measures? What is the timeline? And how can banks and automated clearing houses best prepare?

  • Karen Birkel, ECB

Closing remarks

Video recording

  • Dimitri Pattyn, ECB

End of event