TARGET2-Securities

Clearstream Banking AG (CBF) has supported clients throughout their journey with TARGET2-Securities (T2S), first in the run-up to migration and then as they have become familiar with operating in the T2S environment.

The following pages provide detailed guidance on operating in the T2S environment for any CBF access used (via CSD CBF or ICSD CBL).

ICSD access

The ICSD approach minimises adaptations required from a client perspective. Only mandatory changes have been passed through. 

Investor CSD access

T2S forms

In order to set up your accounts for T2S, either as DCP or ICP, a set of specific T2S forms is required.

Glossary of T2S terms

Our T2S Glossary provides definitions and a short description of the main abbreviations, acronyms and terms related to the clearing and settlement procedures with T2S in both English and German.

The Glossary is available here.

T2S Release information

Client announcements about operational releases concerning T2S are available here.

Client simulation

Client information concerning simulation opportunities for operating in the T2S environment are available here.