T2SRSS

Payments: Australia gives Swift instant results

Australia and Europe flag

Off the back of its involvement in Australia’s New Payments Platform (NPP), Swift has entered the instant payments market in Europe, with plans to launch a gateway solution in November 2018. The solution will enable instant payments to be made over the Swift network using a single gateway to connect to multiple instant payments systems across Europe.

Five CSDs go live on Target2-Securities

EU

Five European central securities depositories (CSDs) have migrated their respective communities to live operations on the Target2-Securities (T2S) platform using Swift’s value added network (VAN) solution. OeKB CSD (Austria), Clearstream Banking (Germany), LuxCSD (Luxembourg), Centrálny depozitár cenných papierov SR (CDCP) (Slovakia) and KDD – Centralna klirinško depotna družba (Slovenia) all migrated over. These five quickly […]

Clearstream migrates to Target2-Securities; nearly doubles T2S settlement volume

European Commission

Clearstream Banking Frankfurt and LuxCSD have migrated to the European Central Bank’s (ECB) Target2-Securities (T2S) platform. “The first business day is already in process and runs smoothly,” Clearstream states.

Banking Technology November 2016 issue out now

Banking Technology November 2016

The latest edition of our flagship magazine – Banking Technology – is out now, packed with news, analysis and insights, case studies, research and expert commentary.

Eurosystem updates infrastructure Vision

Earthport's distributed ledger hub targets cross-border payments

The European Central Bank has outlined its plans to consolidate the Target2 and Target2Securities (T2S) platforms, introduce a new European-wide instant payments platform by November 2017 and develop a new collateral management system. The Eurosystem’s “Vision 2020″ plans were outlined by Yves Mersch, a member of the executive board at the ECB, at Sibos 2016.

TAS and targit team up

TAS and targit team up

Italy’s TAS Group and targit GmbH Austria have signed a deal to collaborate on bringing a Software-as-a-Service (SaaS) model for liquidity risk management and reporting within reach of tier two and three banks throughout Central and Eastern Europe, including Austria and Germany.

Daily News at Sibos 2016 – Day 1

Daily News at Sibos 2016 – Day 1

Read our first Daily News at Sibos edition of the Sibos 2016 conference in Geneva – all the latest news and analysis from Swift’s premier event of the year.

Clearing and settlement: a moving target

Sibos 2016 - clearing and settlement

Momentum is building behind the T2S securities settlement system as it gains critical mass. While expected benefits and outcomes have not fully materialised, the unexpected benefits have captured the imagination of the post-trade industry.

Vendor spotlight: Europe is open

Roberto Bruschi, TAS Group

Target2-Securities (T2S) is a big task, but it is already improving intraday liquidity, says TAS Group. The opportunities are now ripe for the vendor to apply its fintech expertise across the pan-European market. Banking Technology caught up with TAS Group at the recent EBAday conference in Milan. When the T2S system went live in June […]

Standard Chartered explores blockchain viability

Standard Chartered

Standard Chartered has compiled a report questioning whether blockchain could disrupt the European Central Bank’s (ECB) Target2Securities (T2S) project. T2S aims to standardise European cross-border trade settlement by integrating securities and cash accounts onto a single IT platform. Not only blockchain could play a material role in this project, some analysts suggest, but it could […]

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