TARGET2/T2S Consolidation


TARGET2/T2S Consolidation and Liquidity Management

With TARGET2 Securities, the ECB has just created a high-performance platform for implementing securities transactions in Central Bank money. Not only were the basic components implemented but also new functions in the area of (intraday) liquidity management and (auto) collateralization. Due to the changes that the ECB has already decided on as part of the T2/T2S consolidation, liquidity management in particular is now becoming a focus point. The future real-time gross settlement service (RTGS, currently TARGET2) will provide a number of options to manage payments on a liquidity-optimized basis – both for managing the RTGS account and across modules for T2S and TIPS. The account structure within the Eurosystem will change: liquidity will be controlled via a central account in the future.
Read our blog post about this: CENTRAL LIQUIDITY MANAGEMENT


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Harald Keller

Head of the Competence Center for Payment Transactions and Treasury

Phone: +49 6122 9176 0