European Central Bank forms advisory groups AMI-Pay and AMI-SeCo for payments, securities, and collateral matters; T2S platform revolutionizes securities settlement in EU.
The European Central Bank (ECB) has formed two advisory groups, AMI-Pay and AMI-SeCo, to counsel the Eurosystem on payments, securities, and collateral matters. The TARGET Services, including T2, T2S, TIPS, and ECMS, ensure the smooth flow of cash, securities, and collateral across Europe, with shared components and a single liquidity pool. T2S, a European platform, has revolutionized securities settlement by harmonizing the transfer of securities and cash among EU countries, reducing transaction risk and cross-border settlement issues.
March 24, 2024
7 Articles