Target closing days and reserve maintenance periods - OeNB
Hans-Werner Sinn addressed the Target balances issue again in a special edition of 'ifo Schnelldienst' and made it the main topic of his book Die Target-Falle The Target Trap published in early October 2012. This check occurs in the following cases.
Deutsche Bundesbank - Services
Reserving liquidity Prioritising payments Setting execution time Payment flow The customer interface between target2 and its direct participants is based on swift. Via the ICM, users have access to the Payments Module and the Static Data Management function. The addressing of target2 payments is supported by a target2 directory (directory of all banks that can be addressed via target2). SSP technical availability the SSP technical availability was 100.8 of target2 payments were processed in less than five minutes. Im guessing other people will also be interested in the sepa target holiday dates so will share the information in this post.
Working hours - European Central Bank
Target2 started to replace target in November 2007. 27 Sinn uses the same reasoning in his book Die Target-Falle. FIN, InterAct, FileAct and Browse) are used in the harmonised communication between the system and its participants. New Years Day * Mon, Good Friday * Fri, Easter Monday * Mon, Labour Day * Tue, Anniversary of Robert Schumans Declaration Wed, Ascension Day Thu, Whit Monday Mon, Corpus Christi Thu, Day of German Unity Wed, All Saints Day Thu, Christmas Eve Mon, Christmas.
Long-term calendar for target closing days
May 21 White Monday, may 31 Corpus Christi Day, august 15 Assumption Day. These were used primarily to manage minimum reserves, standing facilities and cash withdrawals, but also to settle ancillary systems transactions. The following rules apply.
Sepa target Closing Days 20sepa for Corporates
Thursday, Corpus Christi (R) open open, wednesday, Ascension Day (R) open open, wednesday, German Reunification Day (national) open open, wednesday, Reformation. For other uses, see, target (disambiguation). These three days might also lead to custody-related security payments. Bilateral limit, multilateral limit, these different limit types are sender limits, ie they determine the amount of payments a direct participant is prepared to send without receiving payments in advance. Pricing edit There are two pricing schemes: 5 Recurring fixed charges and a fixed transaction fee: Monthly fixed charge: 100.00 Single transaction price:.80 Recurring fixed charge and a variable transaction fee based on number of transactions: Monthly fixed charge: 1,250.00 Variable transaction price: volume-based.