EU considering shift to T+1 or T+0 – Cipollone

ECB board member says markets are on brink of “significant shift” in digital settlement


The European Union (EU) is considering moving towards the instant settlement of securities transactions amid the global shift towards tokenisation, European Central Bank (ECB) board member Piero Cipollone said on February 9. 

In the first announcement of such a move, Cipollone said in a speech that the ECB was “considering a shift from T+2 to T+1, or even T+0”, to avoid mismatches in settlement cycles and keep European markets attractive. This would mean securities transactions being settled one

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact or view our subscription options here:

You are currently unable to copy this content. Please contact to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account