This seminar aims to improve participants' understanding of EU payment systems and market infrastructures from a policy, oversight, operational and technical perspective. It will also provide an insight into Banca d'Italia's experience in these areas and discuss future challenges.
This two-day seminar will provide a comprehensive overview of TARGET services, with a specific focus on T2, T2S, and TIPS. Participants will explore the policy framework, operational challenges and technical advancements relating to these services.
TARGET2 (T2) is the real-time gross settlement (RTGS) system owned and operated by the Eurosystem. The seminar will explore the operational aspects of T2, including risk management and performance metrics.
TARGET2-Securities (T2S) is a platform for the settlement of securities transactions in central bank money. The seminar will cover the technical infrastructure of T2S, its integration process and the operational challenges faced by participants.
TARGET Instant Payment Settlement (TIPS) is a service for the instant settlement of payments in central bank money. The seminar will discuss the policy framework, operational procedures and technical aspects of TIPS, including its integration with other TARGET services.