The ECB report shows a significant increase in TARGET business in both volume and value terms. The report provides information on TARGET payment business and the system’s robustness, resiliency and oversight.
In addition, it describes the replacement of the technically decentralised TARGET system by the TARGET2 system. A first group of countries migrated to TARGET2 on 19 November 2007 and a second group migrated on 18 February 2008. The last group of countries is foreseen to migrate on 19 May 2008.
Press release
Report
© ECB - European Central Bank
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ECB TARGET annual report 2007.pdf
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