The Trans-European Automated Real-time Gross settlement Express Transfer system (TARGET2) is a system with the Single Shared Platform (SSP), jointly operated for the Eurosystem's benefit by the Banca d'Italia, the Banque de France and the Deutsche Bundesbank.
The European Central Bank is the main supervisory authority for TARGET2.
TARGET2 was developed by the EU central banks with the aim of enabling a safe and efficient settlement of (national and cross-border) payment transactions in euro on the RTGS (Real Time Gross Settlement) principle, and facilitating the implementation of EU monetary policy.
TARGET2 is a centralised system that offers the same level of service to all its participants, which in terms of its legal structure, consists of several RTGS payment systems, TARGET2 national components.
The planning and structuring of the national process of migration, setting up and operational management of the TARGET2-HR national component are the responsibility of the CNB.
The TARGET2-HR national component started production operations on 1 February 2016 in accordance with the National SEPA Migration Plan.
For more information: ECB's Target2
User detailed functional specifications – Version 11.01
- Cover Letter (October 2017)
- Core Services (30 October 2017)
- Optional Services (30 October 2017)
- XML messages (30 October 2017)
- Additional information ASI
User info guide
- Information guide for TARGET2 users – Version 11.0 (November 2017)
- SSP V11 Qualified Configurations for Credit institutions and Ancillary systems (June 2017)
- Communication to users on the testing for SSP release 11.0 (May 2017)
- Guide to TARGET2 users testing (August 2016)
Annex1 – Connectivity testing
Annex2 – Interoperability testing
Annex3 – Authorisation test cases
- Information and Control Module (ICM) – Version 11.0 (September 2017)
- User information guide to the Target2 pricing (November 2017)
- Preparation to the go live for new connecting participants (June 2008)