ECB says pan-euro settlement system to cut costs

Central Banking staff
17 Jan 2007

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The European Central Bank said Tuesday 16 January it believes the implementation of an integrated securities settlement system in the euro zone could cut settlement costs by up to 90%.

Feasibility studies published by the ECB suggest that the central bank will push ahead with plans to implement an integrated settlement infrastructure, dubbed Target2-Securities, despite scepticism about the scheme from market participants.

In current market conditions, settlement transactions costs would fall

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