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 TARGET2 concept, infrastructure and organisational framework enables exploitation of maximum synergies ❙ T2S service complements central bank money service 2 2 October 2007 Jochen Metzger

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 of the SWIFT network) 3 2 October 2007 Jochen Metzger

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 4 2 October 2007 Jochen Metzger

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 5 2 October 2007 Jochen Metzger