Jochen Metzger T2S on T2: One platform - two services SIBOS - - - PowerPoint PPT Presentation

jochen metzger t2s on t2 one platform two services sibos
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Jochen Metzger T2S on T2: One platform - two services SIBOS - - - PowerPoint PPT Presentation

Jochen Metzger T2S on T2: One platform - two services SIBOS - TARGET2 Securities Interest Session 2 October 2007 T2S on T2: One platform two services One platform - two services TARGET2 (T2) TARGET2-SECURITIES (T2S) Use of


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SLIDE 1

Jochen Metzger T2S on T2: One platform - two services SIBOS - TARGET2 Securities Interest Session 2 October 2007

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SLIDE 2

2 October 2007 Jochen Metzger 2

T2S on T2: One platform – two services

❙ One platform - two services

TARGET2 (T2) TARGET2-SECURITIES (T2S)

❙ Use of TARGET2 concept, infrastructure and

  • rganisational framework enables exploitation of

maximum synergies ❙ T2S service complements central bank money service

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2 October 2007 Jochen Metzger 3

T2S on T2: One platform – two services

Use of the Single Shared Platform enables exploitation of maximum synergies

❙ Fully scalable central processing system (mainframe) ❙ Storage subsystem with synchronous and asynchronous mirroring ❙ Dedicated network to connect the different processing sites ❙ Possible reuse of other components (e.g. connection

  • f the SWIFT network)
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2 October 2007 Jochen Metzger 4

T2S on T2: One platform – two services

3CBPlus organisation largely based on the TARGET2 framework

❙ Project organisation for the building of T2S at European level

❙ Skilled teams ❙ Proven methods ❙ Acquisition of market expertise

❙ Reuse of the operational structures and procedures implemented by the Eurosystem for TARGET2

❙ Service desk ❙ Operational and technical support teams ❙ Operational procedures

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2 October 2007 Jochen Metzger 5

T2S on T2: One platform – two services

An open concept

❙ No constraints to functionalities of T2S ❙ Design and specification to be established in close co-operation with users, CSDs and other stakeholders ❙ „White page design“ for the acknowledgement of user requirements ❙ Easier to enhance and upgrade a technical infrastructure than to build from scratch