Focus session (virtual)
TARGET2/T2S consolidation project and TIPS - status update and connectivity
When, where
Thursday, 24 September, 9:00-13:00 CET
WebEx event
- 8:50
-
Registration/login
- 9:00
-
Welcome address
Video recording
- Ulrich Bindseil, Director General, ECB
- 9:10
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Practical information
- 9:15
-
Project update
Consolidation Project update- Focus session
The timeline of the project to consolidate TARGET2 (T2) and TARGET2-Securities (T2S) has been extended by one year following discussions with Europe’s financial community. What are the key dates ahead? How can the community stay prepared? Is there an impact on the Eurosystem Collateral Management System (ECMS) project?
- Dimitri Pattyn, ECB
- 10:00
-
Break
- 10:15
-
Single connection to the TARGET Services
Explainer on distinguished name and authentication
Single connection to target services
Video recording
The new Eurosystem Single Market Infrastructure Gateway (ESMIG) allows market participants to connect to the TARGET Services (T2, T2S, TARGET Instant Payment Settlement (TIPS) and ECMS). SIA-COLT and SWIFT have been awarded the contract and will connect market participants to the ESMIG. What are the connectivity options? What is the timeline? This is an opportunity to gain an insight into all aspects of the project and to ask questions.
- Moderator: Mayte Arráez, ECB
- Marco Pieroni, Banca d’Italia
- 15-minute presentation by Deborah Traversa, SIA-Colt
- 15-minute presentation by Isabelle Olivier, SWIFT
- Q&A session
- 11:15
-
TIPS update
Video recording
To support the full deployment of instant payments across Europe, the Governing Council of the ECB has decided to carry out a major TIPS update to ensure reachability. What are the specific measures? What is the timeline? And how can banks and automated clearing houses best prepare?
- Karen Birkel, ECB
- 12:15
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Closing remarks
Video recording
- Dimitri Pattyn, ECB
- 12:30
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End of event