SWIFT and a consortium consisting of SIA and Colt have won a tender for the access network to TARGET2 Securities.
The two parties have been awarded a network service provider licence for the design, creation and management of the infrastructure that will link central depositories, Eurosystem central banks and leading European bank groups to T2S
Conceived by the European Central Bank, T2S is a project designed to create a single European platform for the settlement of securities transactions and it will be managed by four central banks (Banca d’Italia, Deutsche Bundesbank, Banque de France and Banco de Espana). It is slated to go live in 2015.
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