Get an overview of what's new with the T2/T2S consolidation and the migration from TARGET2 to ISO 20022. The clock is ticking: by November 2022, all financial institutions must be ready for the big bang. This is because the ECB will then consolidate its TARGET2 securities (T2S), TARGET2 and TIPS platforms into a high-performance European settlement infrastructure. For this purpose, the existing SWIFTNet FIN MT messages in must be migrated to the new XML message standard (MX) in accordance with ISO 20022. We answer all of your open questions regarding this topic.