T2S documents & links

• List of change requests

The T2S Connectivity Guide describes the communication modes, the connectivity options and the access to the A2A and U2A services for the Directly Connected T2S Actors.

The Business Functionality for T2S Graphical User Interface provides a list of business functions available in the U2A mode (via the graphical user interface) and a brief description covering the purpose and key features of these business functions. ( T2S Graphical User Interface (GUI) demo , GUI Demo User Guide )

T2S Data Migration Tool Specification - The document describes the details of the format of the excel and flat files to load bulk static and dynamic data into T2S for migration.

General Functional Specifications (GFS) - The document explains how the requirements expressed in the URD will be fulfilled by the T2S platform from a functional perspective.

The T2S General Principles are the founding principles of the T2S project. They have been formulated in cooperation with the market and aim at ensuring the resilience, integrity and neutrality of the Eurosystem’s settlement platform.

General Specifications - Together with the GFS and the GTD, the document describes how the Eurosystem envisages implementing the URD. In particular, the General Specifications focus on those user requirements that do not have a functional or technical dimension, such as operational support, testing, migration and information security.

General Technical Design (GTD) – The document details the solution envisaged for the T2S non-functional requirements, more specifically with regard to the application design and the infrastructure design.

User Detailed Functional Specifications (UDFS) – This is a user-oriented document that illustrates the features of T2S from a business perspective, provides details about application-to-application (A2A) dialogue between T2S Actors and T2S and gives a detailed description of the set of messages processed by T2S.

User Handbook – The document is a user manual for the T2S graphical interface. It exclusively focuses on the U2A (user-to-application) dialogue with T2S.

User Requirements Document (URD) - The document describes the features of T2S as required by the CSDs and market participants. The URD embodies the users‘ concept of T2S and provides the foundations for all further T2S technical documentation.

Collective Agreement

The Collective Agreement between the central banks operating TARGET component systems and the Central Securities Depositories (CSDs) operating on the TARGET2-Securities platform entered into force on 20 March 2018. The agreement allows for a common moment of entry for payments and securities transfers. It also provides participants in the systems with more clarity, in particular on the provision of information and liability in the event of a participant in the systems becoming insolvent.

T2S Guideline

The T2S Guideline ECB/2012/13 is the cornerstone of the legal framework for T2S and the basis for all other future legal agreements. The Guideline lays down the rules on the internal governance of T2S. It also defines the basic principles for the financial system, the Eurosystem’s rights with regard to the platform and the access conditions for the CSDs.

T2S Currency Participation Agreement (CPA)

The T2S Currency Participation Agreement governs the relationship between the Eurosystem and non-euro area central banks that wish to make their currency available in T2S for settlement. The agreement consists of a main body (the “core CPA”) and more technical and operational schedules that are annexed to the agreement and form an integral part of it. The schedules cover, among others, the user testing, user migration, the Service Level Agreement, governance and change management. The Central Bank of Denmark is currently the only non-euro area central bank to have signed the T2S CPA.

T2S Framework Agreement (FA)

The T2S Framework Agreement, signed by the Eurosystem and each of the central securities depositories (CSDs) participating in T2S, sets out the rights and obligations of the Eurosystem and each contracting CSD, and covers the operation of T2S.

T2S eligibility criteria for CSDs

The Decision ECB/2011/20 establishes detailed rules and procedures for implementing the eligibility criteria for central securities depositories to access T2S.

This repository of presentations aims to provide insights into key technical issues related to T2S. We value your comments at t2-s@ecb.europa.eu.

Disclaimer: The information contained in this knowledge-based repository is not, nor should be misconstrued as, amending, complementing or prevailing over the T2S scope-defining set of documents, the T2S Framework Agreement, its Schedules and its Annexes.