Several ancillary systems, such as retail payment and high-value payment systems as well as central couterparties, are connected to the T2 service of the TARGET system. In particular, the T2 RTGS settlement service provides five dedicated settlement procedures, A to E, which are tailored to the specific needs of the individual ancillary systems. All five settlement procedures are available for the settlement of transactions with ancillary systems during daylight and night-time settlement.
The following document provides an overview of the settlement procedures and the envisaged settlement times of the individual ancillary systems.
