Denmark joins Eurosystem’s Target2 payment platform

The Danish Central Bank has applied to join the European Central Bank (ECB )’s Target2 payment system, the Eurosystem’s new real-time gross settlement system (RTGS).

T2 would then include the Danish krone until November 2025. Danmarks Nationalbank has also expressed interest in joining the Target Instant Payment Settlement (TIPS) within the same period.

By adding the Danish krone to the Eurosystem’s payment platforms, market participants in Denmark can …

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