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ECB delays start of T2 wholesale payment system

October 24, 2022

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The European Central Bank (ECB) has announced that the launch of new real-time gross settlement system and T2 are rescheduled from 21 November 2022 to 20 March 2023.

An additional four-month period is meant to ensure greater system stability and user readiness, as well as smooth transition to new platform, according to the official ECB press release.

The Governing Council of the European Central Bank (ECB) has decided to reschedule the launch of the new real-time gross settlement (RTGS) system and its central liquidity management model, T2. The date for the go-live has been postponed by four months, from 21 November 2022 to 20 March 2023.

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