The TARGET2-T2S consolidation will provide market participants across the Eurosystem with enhanced liquidity management procedures. The consolidated system is expected to be launched in November 2021. This follows a public consultation in which market participants helped to define the user requirements.
The Eurosystem Collateral Management System (ECMS) will provide a harmonised platform for collateral operations across the Eurosystem and will replace the existing systems of the 19 national central banks for those functions which can be harmonised until the launch. The ECMS will allow changes to the existing collateral framework to be implemented in a harmonised way across the euro area. The launch is planned for November 2022.
The Deutsche Bundesbank, the Banco de España, the Banque de France and the Banca d’Italia will act as service providers for both projects.
Press release
© ECB - European Central Bank
Key
Hover over the blue highlighted
text to view the acronym meaning
Hover
over these icons for more information
Comments:
No Comments for this Article