TARGET2-Securities is a single technical platform owned by the central banks of the Eurosystem, and is intended for the settlement of securities transactions by providing simultaneous settlement of securities in accounts with a central securities depository and of cash in euros (and in other currencies such as the Danish krone) in cash accounts with the central bank. TARGET2-Securities is currently used by 19 central securities depositories in 20 European countries.

TARGET2-Securities enables easier access for investors to securities issued in central depositories using T2S, and also benefits Eurosystem central banks and their counterparts that participate in credit operations and consequently need efficient and secure methods of delivering securities as lending collateral in the Eurosystem. The indirect benefits of TARGET2-Securities are evident in the intensive activities to harmonise local market practices.

The latest information on TARGET2-Securities can be found on the ECB website.