Efficient and secure payment systems are the foundation of a stable financial system. The Bundesbank secures and monitors cashless payments in Germany as a financial centre, provides settlement and clearing services and plays an active role in the further development of the single European payment system.
T2S: Migration of all markets successfully completed
The final wave of migration to the European securities settlement platform TARGET2-Securities (T2S) has been successfully completed. Nearly all European securities settlements are now being conducted through T2S.