T2S definition

T2S means TARGET2-Securities, the Eurosystem service for securities settlement.
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T2S means the Eurosystem’s single technical settlement solution enabling CSDs and national central banks to provide core, borderless and neutral securities settlement services in central bank money in Europe.
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T2S. : means the centralised settlement technical platform for the simultaneous settlement of domestic and cross-border securities transactions, both for the securities component and the equivalent value in central bank currency referred to as Target 2 Securities, of the Eurosystem and used by Monte Titoli for providing the Settlement Service.
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Examples of T2S in a sentence

  • The Eurosystem shall manage and resolve any operational disturbances in T2S.

  • In particular, it shall coordinate, initiate and lead activities in connection with any event of an operational or financial nature which may im- pact the functioning and performance of T2S.

  • It is not sufficient for the parties 7 to this Agreement to the T2S Programme to establish and monitor stand-alone project plans 8 independently of each other.

  • Owing to this 4 complexity, a successful development, implementation and production start of T2S requires 5 agreement between the parties to this Agreement on their roles and responsibilities as well as the 6 respective expectations and commitments during the programme.

  • In addition, due to the central role which T2S plays in securities settlement in connected markets, the Eu- rosystem shall assume a coordinating role.

  • The Eurosystem shall use personal data solely for the purpose of providing and using the T2S Services.

  • As part of the Eurosystem’s tasks in accordance with Articles 17, 18 and 22 of the Statute of the ESCB and of the ECB, T2S has the nature of a public service.

  • In particular, this includes the ability to recover its costs and to operate T2S in a safe and efficient manner with due consideration of the rights, interests, prerogatives and obligations of the T2S Stakeholders in line with the Multilateral Character of T2S.

  • The Eurosystem shall communicate to the Contracting CSD in accordance with Schedule 2 (T2S Programme Planning and Monitoring) the entity that will offer the necessary Physical Connectivity Services for the Dedicated Link Connection, as well as the necessary specifica- tions for the Value-added Connectivity Services, which the Contracting CSD has to imple- ment, in order to establish a Dedicated Link Connection with the T2S Platform.

  • The Eurosystem shall be entitled to suspend the Contracting CSD from using some or all T2S Services with immediate effect if the Relevant Competent Authority requests or sup- ports the suspension.


More Definitions of T2S

T2S. : means the Eurosystem technological platform, as defined in the T2S Framework Agreement, used by Monte Titoli for the confirmation and settlement of the Settlement Instructions entered in the Settlement Service;
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T2S means TARGET2-Securities, the Eurosystem service for securities settlement; "TARGET Settlement Day" means any day on which the TARGET2 System is open;
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T2S means TARGET2-Securities (platform) and T2S eligibility shall represent a criterion for securities. If a Participant wants to settle securities transactions using the T2S platform, the Participant needs a securities account with one of the central securities depositories (CSDs) connected to T2S and a dedicated cash account with one of the central banks connected to the platform.
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