In a big-bang migration approach for market participants, the ECB will introduce the consolidation of TARGET2 and TARGET2-Securities in November 2021. This will be accompanied by a consistent introduction of the ISO20022 standard. The introduction of a collateral management system at the ECB planned for one year later will additionally tie up critical resources in the financial services industry.
Our experts are able to create a dedicated impact analysis for your company and your house within a few weeks. Even after that, we are happy to support you with process optimization, software development and system migration.