TARGET2-Securities

E353548

TARGET2-Securities is a European platform for the centralized settlement of securities transactions in central bank money across the euro area.

All labels observed (2)

Label Occurrences
TARGET2-Securities canonical 2
TARGET2 1

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf Eurosystem market infrastructure service
financial market infrastructure
securities settlement platform
areaServed euro area
currency central bank money
developedBy Eurosystem
feature auto-collateralisation
harmonized settlement day schedule
multi-currency capability
real-time settlement in central bank money
goLiveDate 2015-06-22
governedBy Eurosystem legal framework
hasAbbreviation T2S
industry securities settlement
launchYear 2015
linkedTo TARGET2
surface form: TARGET Instant Payment Settlement

TARGET2-Securities self-linksurface differs
surface form: TARGET2
locatedInJurisdiction European Union
mainCurrency euro
objective ensure level playing field for CSDs in Europe
increase safety and resilience of securities settlement
operatedBy Eurosystem
overseenBy European Central Bank
participantType central banks of non-euro area countries
central securities depositories
central securities depositories of non-euro area countries
national central banks
provides centralized settlement platform
purpose harmonization of securities settlement in Europe
improvement of post-trade efficiency
integration of European securities markets
reduction of cross-border settlement costs
region Europe
relatedTo Central Securities Depositories Regulation
Single Market for financial services in the EU
sector financial services
settlementAsset central bank money
settlementModel centralized settlement
settlementType delivery-versus-payment
settles securities transactions
standardizes corporate actions processing (in settlement context)
interfaces between CSDs and central banks
settlement processes
supports cross-border securities settlement
domestic securities settlement
technologyType centralized IT platform
timeZone Central European Time
uses single technical platform

How these facts were elicited

Referenced by (3)

Full triples — surface form annotated when it differs from this entity's canonical label.

Eurosystem operatesPaymentSystem TARGET2-Securities
TARGET2 linkedTo TARGET2-Securities
TARGET2-Securities linkedTo TARGET2-Securities self-linksurface differs
this entity surface form: TARGET2