The European Central Bank (ECB) has published the user requirements’ documents for the real-time gross settlement (RTGS) services. The documents cover:

  • central liquidity management;
  • future RTGS services; and
  • shared services.

The above documents are accompanied by a glossary.

The publication of the documents followed the approval of the TARGET2-T2S consolidation project. The project has now entered the implementation phase and the consolidated system is expected to be ready in November 2021.

View ECB publishes the user requirements for its future RTGS services, 2 February 2018