sys de paiement

TARGET2

The Banque centrale du Luxembourg became a participant of TARGET2 on 19 November 2007, the date of the migration of TARGET to the Single Shared Platform. It operates TARGET2-LU, the Luxembourgish component of TARGET2, which replaced LIPS-Gross1 .

 In TARGET2 only payment orders in euro are accepted. They are either national or cross-border, customer or interbank payments. Their settlement is executed:

  • one by one (for the gross amount, i.e. the amount mentioned in the payment order);
  • in real time and continuously;
  • in central bank money (that is to say recorded on the books of the central bank).

TARGET2 will also be used for settling net payments from ancillary systems’ clearings.

 

For more information, please refer to:
Statistical data on transactions volumes and values
Publications on TARGET2
Contractual documents onTARGET2-LU
Forms for TARGET2-LU participant
Links with other payment systems

 

1 LIPS-Gross (Luxembourg Interbank Payment System – Gross Settlement) is the real-time gross settlement (RTGS) system which was operated in Luxembourg from 1999 to 2007 and was a component of TARGET.

 

 

See also

ECB website - Target2

Contact

TARGET2-LU Service Desk
E-mail : paysys@bcl.lu
Tél: (+352) 4774-4199