IDEAS home Printed from https://ideas.repec.org/a/aza/jpss00/y2022v16i4p381-388.html
   My bibliography  Save this article

Key milestones for participants in the T2-T2S consolidation project: A template for banks that are onboarding to any financial market infrastructure

Author

Listed:
  • Bashford, Robert

    (Principal Market Infrastructure Expert, European Central Bank, Germany)

  • Ciraso, Chiara

    (Market Infrastructure Specialist, European Central Bank, Germany)

Abstract

The various systems that provide services to the financial industry for trading, clearing and settlement, matching of financial transactions and depository functions are known as financial market infrastructures (FMIs). Within Europe, such FMIs include the Eurosystem’s TIPS, TARGET2 and T2S. TARGET2 will be superseded in March 2023 by a new real-time gross settlement system called T2, with a view to optimising liquidity management across all TARGET services. For a largescale implementation such as this it is important to provide an onboarding plan for customers. To this end, a set of milestones to guide system participants towards the intended go-live of November 2021 (now postponed to March 2023) has been published. This paper examines the milestones document through the lens of project management theory and recommends the use of said document, and the milestones within, as a template for participants onboarding to any FMI. FMI operators will also find the document useful when preparing to onboard their own customers.

Suggested Citation

  • Bashford, Robert & Ciraso, Chiara, 2022. "Key milestones for participants in the T2-T2S consolidation project: A template for banks that are onboarding to any financial market infrastructure," Journal of Payments Strategy & Systems, Henry Stewart Publications, vol. 16(4), pages 381-388, December.
    • Handle: RePEc:aza:jpss00:y:2022:v:16:i:4:p:381-388
    as

    Download full text from publisher

    File URL: https://hstalks.com/article/7524/download/
    Download Restriction: Requires a paid subscription for full access.
    File URL: https://hstalks.com/article/7524/
    Download Restriction: Requires a paid subscription for full access.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Keywords

    RTGS; liquidity management; payments; financial market infrastructure; project management; project milestones; customer onboarding;
    All these keywords.

    JEL classification:

    • G2 - Financial Economics - - Financial Institutions and Services
    • E5 - Macroeconomics and Monetary Economics - - Monetary Policy, Central Banking, and the Supply of Money and Credit

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:aza:jpss00:y:2022:v:16:i:4:p:381-388. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Henry Stewart Talks (email available below). General contact details of provider: .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.