Central Banking

Eurosystem signs T2S MoU with settlement providers


Europe's central banks and settlement infrastructure signed a memorandum of understanding on Thursday setting out their respective roles and responsibilities in the next stage of the development of T2S. Part of this development will include contractual agreement on building the service.

T2S, or Target2-Securities, is the eurosystem's platform for securities settlement in central bank money.Speaking at the signing ceremony, Jean-Claude Trichet, the president of the ECB, said: "Like an airport ser

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