ECB third progress report on TARGET2

20 November 2006

The ECB published its third progress report on TARGET2 which covers the Governing Council’s recent decisions on the outstanding pricing and legal issues. In addition, the report informs on the progress made with regard to contingency procedures, and the forthcoming testing and migration activities.

The go-live date of the single shared platform for TARGET2 was set for 19 November 2007 and this can be confirmed, as well as the two subsequent migration waves (18 February and 19 May 2008), after which all central banks and TARGET users will have migrated to TARGET2.

Full report

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