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October 2, 2022
Finance Technologies

Denmark to join Eurosystem’s Target2 payment platform

Denmark’s central bank has applied to join the European Central Bank’s (ECB) Target2 payment system, the Eurosystem’s new real-time gross settlement system (RTGS). T2 would then include the Danish krone by November 2025. Danmarks Nationalbank has also expressed interest in joining Target Instant Payment Settlement (TIPS) within the same time frame. The inclusion of the Danish krone in the Eurosystem’s payment platforms will enable market participants in Denmark to use T2 and TIPS services and to settle payments in both euro and Danish krone. T2 would then include the Danish krone by November 2025. T2 and TIPS services support transactions…
Denmark to join Eurosystem’s Target2 payment platform

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