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Successful launch of TARGET
4 January 1999
Today, Monday 4 January 1999, at 7 a.m. ECB time (C.E.T), the European System of Central Banks successfully began operating the TARGET system.
15 national real-time gross settlement (RTGS) systems and the ECB Payment Mechanism are now linked together in TARGET, which securely processes euro transactions in real time.
The system is available for banks and their customers and already hundreds of cross border payments have been processed.
Further information will be available on the ECB's Web Site (http://www.ecb.europa.eu) later today.
KUR KREIPTIS
Europos Centrinis Bankas
Komunikacijos generalinis direktoratas
- Sonnemannstrasse 20
- 60314 Frankfurtas prie Maino, Vokietija
- +49 69 1344 7455
- media@ecb.europa.eu
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