All Payment Systems Articles

When I analyse payment infrastructures, I start with context. I skip screens and message fields at first. Instead, I map where T2 in TARGET Services sits and why its neighbours matter. This matches the CPRE (IREB) mindset. First, I define scope and interfaces. Then, I derive requirements that fit reality. T2 works with CLM, TIPS, T2S, and ECMS. Therefore, I treat interactions as core analysis objects and avoid rework.

When I analyse a payment and market infrastructure system, I start with “why”. I do not start with screens, messages, or data fields. Instead, I clarify business goals and policy aims first. This mindset fits the CPRE approach from IREB. CPRE anchors requirements in goals, stakeholders, and context. Therefore, T2 Objectives2 become my compass for every later requirement decision.

What Is T2 TARGET Services? I describe T2 as the Eurosystem’s core service for settling large-value euro payments in central bank money. It combines Central Liquidity Management and RTGS, and it connects to other TARGET Services via liquidity transfers and harmonised operating schedules. For requirements engineering system analysis, I use T2 to derive scope, actors, timing constraints, and resilience requirements for payment infrastructure.

TARGET Services T2 – System Analysis Article Series Part 1: Strategic & Business Context Article 3 When I analyse payment infrastructures, I start with T2 Stakeholders. T2 sits at the heart of the euro payment system. Therefore, many parties depend on it, shape it, or govern it. In this article, I identify the key stakeholder