Duration

3 days

Application deadline

9 May 2025

Objective

Efficient and secure payment systems are the foundation of a stable financial system. The Bundesbank secures and monitors cashless payments in Germany, acting as a financial hub providing settlement and clearing services and playing an active role in the further development of the Single Euro Payments Area. In this course, participants will deepen their knowledge of payment and securities settlement systems and will be introduced to the current state-of the-art technology deployed at the Bundesbank and within the EU. The course is designed to help participants enhance and refine the payment and securities settlement systems in their home countries in a targeted manner, as well as to give them new insights into developments in this key area of central banking. Participants will be expected to make an active contribution to the discussions.

Content

• Role of the Bundesbank in payment and settlement systems
• Payment system analysis
• Retail payments: current developments, innovations and secure retail payments
• TARGET Services: T2, T2S, TIPS and ECMS
• Collateral management system
• Oversight of payment systems and instruments
• Workshops on issues related to payment and settlement systems

Target group

The course is designed for mid-level and senior employees of central banks. A solid background in payment clearing and settlement issues is essential for constructive and productive participation in the course. Participants should be familiar with the payment system policy and practices applied in their home countries. Additionally, they will be invited to take an active part in the discussions and case studies, covering topics such as T2S, oversight and innovations.