30 September 2016
Visit dh.com

T2S connectivity licences come up for grabs

15 July 2011  |  8010 views  |  1 EU flag

Europe's central banks have begun the process of picking network service providers for the Target2Securities (T2S) system, with telecoms firms expected to challenge inter-bank co-operative Swift for the two licenses up for grabs.

Banca d'Italia, acting as the contracting authority with a mandate from the Eurosystem central banks, has invited tenders for the two licences to provide connectivity services for T2S, a pan-European securities settlement system.

The seven year contracts will require the winners to design and build the network, linking central securities depositories with the European Central Bank, and then let them charge fees to users.

BT, Deutsche Telekom and Swift are all expected to show interest in the licenses, with bids needing to be placed by September.

The T2S initiative has been dogged by controversy since it was first mooted back in 2006 with an update report last year setting the latest go live date at September 2014.

You can read the contract notice here:» Download the document now 145.7 kb (PDF File)

Comments: (1)

A Finextra member
A Finextra member | 15 July, 2011, 11:18

Its vital for the future of the industry that commercial network suppliers offer competition to SWIFT. Lets hope there is a land rush for licences

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

ECB settles on T2S pricing

ECB settles on T2S pricing

19 November 2010  |  13066 views  |  0 comments
T2S winning wider industry acceptance

T2S winning wider industry acceptance

27 October 2010  |  10745 views  |  0 comments
ECB issues price plan and revised timetable for T2S

ECB issues price plan and revised timetable for T2S

25 October 2010  |  9891 views  |  1 comments
T2S costs creep up, but business case remains 'robust' says ECB

T2S costs creep up, but business case remains 'robust' says ECB

13 September 2010  |  10110 views  |  0 comments
ECB confirms delay to T2S

ECB confirms delay to T2S

14 April 2010  |  12741 views  |  0 comments
ECB to set back T2S timetable to beyond 2013

ECB to set back T2S timetable to beyond 2013

15 January 2010  |  14670 views  |  0 comments
T2S spat turns up the heat at Sibos

T2S spat turns up the heat at Sibos

15 September 2009  |  9835 views  |  1 comments
T2S gains multilateral agreement, despite UK concerns

T2S gains multilateral agreement, despite UK concerns

16 July 2009  |  7659 views  |  0 comments

Related company news

 

Related blogs

Create a blog about this story (membership required)
Visit VocaLink.comVisit i2cinc.comFind out more

Top topics

Most viewed Most shared
Ripple rudely gatecrashes Sibos partyRipple rudely gatecrashes Sibos party
11052 views comments | 35 tweets | 33 linkedin
BNP Paribas is working with clients on blockchain deploymentBNP Paribas is working with clients on blo...
7936 views comments | 15 tweets | 31 linkedin
Banks ready for real-world blockchainBanks ready for real-world blockchain
7012 views comments | 22 tweets | 29 linkedin
PayPal and Lenovo team on biometric authentication for laptopsPayPal and Lenovo team on biometric authen...
6812 views comments | 13 tweets | 16 linkedin
Distributed ledger technology could damage financial market integration - ECBDistributed ledger technology could damage...
6274 views comments | 15 tweets | 10 linkedin

Featured job

to c.£100K base, double OTE
London, UK (covering Europe)

Find your next job