Target2-Securities: So Far, So Good as First Systems Go Live

After nine years of preparation Target2-Securities, the pan-European securities settlement platform, went live on time with a minimum of disruption.

mehdi-manaa-ecb
"We are delivering the full scope of functionality without restrictions." Mehdi Manaa, T2S programme manager, ECB

As with the launch of any lengthy new project, the time of reckoning for T2S eventually and finally arrived on Monday 22 June as the first wave of migrations to the platform went underway. After nine long years of work, T2S welcomed its first participants with a relatively painless take-off.

T2S is a project of such magnitude that technical problems could be viewed as part and parcel of the deal.

Smooth Ride

The lack of severe complications must have come, in part, on the efforts and relative

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