ECB fixes disorder in securities transmission system-Diepresse.com
With two important settlement systems from the European Central Bank, there were hours of faults on Thursday.
The problems on the Target 2 (T2) platforms for large payments and T2S for securities transmissions were fixed in the evening, the Central bank with. Both systems have now been running again. The problems are not due to a hacker attack, but to a technical error. There was no « malicious attack ».
Banks handle large payments with each other via the T2 payment system. T2S is that ECB-Plattform for the central handling of securities transactions in the euro area and was put into operation in 2015. The German central caterer Clearstream, a daughter of the German stock exchangea special team in management was formed because of the disorders on Thursday.
Communication with the network was disturbed
According to the ECB, communication with the network was disturbed. Some graphic interfaces on the processing system were no longer available. Participants were recommended to send all the communications to which they would have received rejections later.
Dealers said the communication between central wasters was impaired. In addition, the status of securities transactions remained unclear. Central managers such as Clearstream form a decisive interface in the financial market in the custody and transfer of securities, and securities change the owner via their networks. (APA)
