Navigation Path: Home > Payments & Markets
The ECB wants to ensure well-functioning payment and securities settlement systems in the euro area. Currently, three big projects are ongoing in this field: TARGET2-Securities, CCBM2 and SEPA. A fourth project, TARGET2 was completed in 2008. The aim is to harmonise the way funds and securities are moved between countries of the European Union. The overall objective is further financial integration in Europe. On a larger scale, financial integration is also important for the Single Market and European integration. more
See also our information brochure (September 2008): "A single currency - an integrated market infrastructure (T2, T2S, CCBM2, SEPA)", 1.33 MB en