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The ECB released it TARGET2-Securities Newsletter No 5. Articles include:
- Bayle’s view: Getting the best out of T2S.
- The Code of Conduct and T2S.
- Generating liquidity – auto-collateralization, Costs/benefit implications of T2S for banks.
- Harmonisation.
- TARGET2, CCBM2 and T2S – Complementarity of the three services offered by the Eurosystem