SIA, Colt Network to Connect Four European Central Banks
A partnership between SIA, a vendor of financial services and payment systems, and Colt, a vendor of information delivery platforms, has been chosen to provide a high-speed network between four European central banks, as part of the Target2 and Target2-Securities (T2S) projects.
The central banks of Germany, Italy, France and Spain have been given leading roles in the Target2 project, which creates a platform for the real-time settlement of high-value transactions in euro, in central bank money
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