ECB reports disorder in the securities transmission system-Diepresse.com

Some graphic interfaces on the T2S settlement system are no longer available, the ECB on Thursday afternoon in Frankfurt. A solution to the hardware problem is being used. The ECB had previously reported problems with the communication channels of the platform, but excluded a hacker attack.

The processing of the securities orders is not affected. As soon as the incident has been clarified, it recommended that participants be sent again. Target2 Securities (T2S) is a platform for the central handling of securities transactions in the euro area.

Delay by three hours

The ECB explained that they take all the necessary steps to remedy the disorders as soon as possible. Dealers said that important communication between central wasters was affected. In addition, the status of securities transactions has been unclear since the fault report. According to the ECB, the problems for delivery to payment for securities transactions in euros are delayed by three hours.

Central managers form a decisive interface in the financial market in the custody and transfer of securities. When processing transactions, they work with central banks, for which the T2S platform is used in the euro zone. The owner change money and securities on this.

T2S was put into operation in 2015. The German central caterer Clearstream, a daughter of the German stock exchangehad joined in 2017. T2S enables securities processing in euros, but other currencies can also be used. So Denmark presents Central bank For example, the State currency Krone has been ready for processing in T2S since 2018. (APA)