The Eurosystem is the owner and operator of TARGET2, the real-time gross settlement system for the euro, and of TARGET2-Securities (T2S), the integrated platform which processes the real-time settlement of securities transactions against central bank money across Europe.
Nevertheless, available evidence points to about 30% delinquency rate among small and medium-sized companies which access funds to finance their operations. In order to ensure uninterrupted availability of finance, it may be necessary to provide basic accounting skills to companies in the sector so as to keep the proportion of companies which are unable to service their debts to the minimum.