- BCL regulatory reporting on the collection of data payment instruments and operations
- Reporting Instructions for Guidelines of the European Banking Authority on reporting requirements for fraud data under Article 96(6) of the Directive (EU) 2015/2366 (PSD2)
- Oversight of payment and settlement infrastructures
- Payments and Markets (ECB website)
- BCL Technical Paper - DCB Services & Wholesale CBDC Concept
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.