Fourth Progress Report on TARGET2

22 June 2007

The ECB published its fourth progress report on TARGET2 which provides information on the Governing Council’s recent decisions on remaining pricing and financing issues, as well as fine-tuning some previous decisions. The report also contains the final version of the General Functional Specifications. In addition, it provides information on legal issues, on recent changes to the envisaged functionality of the Single Shared Platform (SSP), on testing and migration activities, and on other ongoing issues of relevance to TARGET2.

The overall project is now in its final stages. Since the last progress report was published, the Eurosystem has made significant progress in the realisation of the new TARGET system and remaining activities are progressing as planned. Testing and migration activities have been thoroughly prepared and publicised. In particular, testing activities have commenced with future users of the system. The go-live date of the Single Shared Platform (SSP) for TARGET2 has been confirmed as Monday, 19 November 2007, as have the two subsequent migration waves after which all NCBs and TARGET users will have migrated to TARGET2.

Press release
Progress report
Annex

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