TARGET2 for Central Banks

TARGET2 is the real-time gross settlement (RTGS) system owned and operated by the Eurosystem. TARGET stands for Trans-European Automated Real-time Gross settlement Express Transfer system.

Understanding the ordering process

Find out how to place your order, track your order and request high priority or emergency handling.

Ordering checklist

  • Before your institution subscribes to TARGET2 services, please talk to your National Central Bank to determine your needs.
  • Depending on your participation in TARGET2, select the scenario that suits your needs from the tables below.
  • Alliance Lite 1 users must use the forms available on this page.
  • TARGET2 Participants users must use the forms aivailable on this page.

Place orders

Scenario 1

Payments Module.
Information and Control Module.

Scenario 2

Scenario 3

Scenario 4

Scenario 5

Information and Control Module and/or Ancillary Systems Interface.

TGT - TARGET2 payment systems

TGH - Home accounting module

TGC - CB customers