Danish central bank moves closer to Target settlement systems

The National Bank of Denmark

Denmark’s central bank is planning to integrate the country’s payments and settlements systems much more closely with the Target systems used by eurozone central banks.

The National Bank of Denmark has applied to join the Eurosystem’s Target2 real-time gross settlement (RTGS) system, the European Central Bank announced today (December 8).

If the application is successful, Denmark will start using the RTGS system by November 2025. The Danish central bank has also “expressed interest in joining

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