History

• As from 2011, please refer to the T2S Spotlight for more information.
• 18 November 2010 The Governing Council of the ECB decides to set the DvP price in T2S at 15 cent per instruction from go-live to end-2018 Spotlight
• 16 September 2010 The ECB Governing Council appoints members and alternates of the T2S Programme Board for the second term (starting 1 November 2010) press release
• 22 June 2010 Hungarian CSD joining T2S Memorandum of Understanding
  Spotlight
• 2 June 2010 Publication of the final version of the T2S General Functional Specifications
  The T2S Programme Board approves and publishes version 4.0 of the T2S General Functional Specifications. Spotlight
• 19 February 2010 Freezing of the T2S User Requirements Document
  The ECB Governing Council decides to “freeze” version 5.0 of the T2S User Requirements Document. Spotlight
• 10 February 2010 Polish CSD joining T2S Memorandum of Understanding
  KDPW, the Polish CSD, signs the T2S Memorandum of Understanding with the Eurosystem. Spotlight
• 18 January 2010 Approval of the T2S General Specifications
  The T2S Programme Board approves and publishes the T2S General Specifications. Spotlight
• 8 December 2009 Approval of the T2S General Technical Design
  The T2S Programme Board approves a key technical document: the T2S General Technical Design. Spotlight
• 30 November 2009 Approval of the T2S General Functional Specifications
  The T2S Programme Board approves a key technical document: the T2S General Functional Specifications. Spotlight
• 12 November 2009 Norwegian CSD joining T2S Memorandum of Understanding
  Spotlight
• 16 July 2009 Memorandum of Understanding
  27 CSDs sign the T2S Memorandum of Understanding (MoU) with the Eurosystem, confirming their support to T2S. Bayle's view Later on, VPS in Norway and KDPW in Poland announce that they intend to join T2S, too. Additionally, the central banks of Denmark, Norway and Sweden declare their interest in settling in T2S the securities transactions denominated in their national currencies. Spotlight
• 2 April 2009 Founding of the T2S Programme Board
  The ECB Governing Council decides to establish the T2S Programme Board to ensure the successful and timely completion of the T2S programme. Press release, Decision
  The chairman, the eight full members and the four alternates are appointed a few weeks later. Press release
• 17 July 2008 Decision to launch T2S
  The ECB Governing Council decides to launch T2S and to provide the resources required until its completion. It also decides to assign the development and operation of T2S to the Deutsche Bundesbank, the Banco de España, the Banque de France and the Banca d’Italia. Press release
• 23 May 2008 Proposal to CSDs to join T2S
  The Governing Council of the ECB issues a proposal to all European CSDs to join the T2S initiative. CSDs are invited to inform the ECB as to whether they support T2S and intend to use the service once in operation.
• 23 May 2008 T2S Economic Impact Assessment
  The ECB publishes an economic impact assessment prepared in cooperation with the CSDs. The methodology applied in the assessment was agreed with the market during a public consultation held in 2007. The study concludes that T2S has a potential to positively impact market participants and the European economy as a whole. Study
• 26 October 2007 Publication of the progress report on T2S
  The ECB publishes a progress report on T2S, mainly addressing the progress made on defining the T2S user requirements, and reviewing the outcome of the public consultation on the “General principles and high-level proposals for the user requirements”. The overall conclusion is that the T2S project is progressing well and in line with the envisaged project plan. Progress report
• 26 April 2007 Launch of the first phase of the T2S project
  The ECB Governing Council decides to launch the first phase of the T2S project and establishes the T2S Advisory Group and its substructures (download).
• 20 October 2006 T2S feasibility study
  The ECB Governing Council decides to conduct a study to assess the feasibility of the T2S initiative. press release, result
• 7 July 2006 Decision to explore the possibility to implement T2S
  The ECB Governing Council decides to further explore, in cooperation with central securities depositories and other market participants, the possibility to set up a new pan-European service for securities settlement in the euro area. Press release