ECB approves Target2-Securities baseline price
The Governing Council at the European Central Bank (ECB) on Thursday approved a proposal to set the price for Target2-Securities (T2S) at 15 cents ($0.21) per transaction.
The Governing Council agreed to fix the price for T2S transactions from September 2014, when T2S will go live, to December 2018, provided that a number of conditions are fulfilled. The conditions include a requirement for non-euro currencies to add at least 20% to the total volume on top of euro-settlement volume, and for the
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