Danish krone becomes fully integrated into Target
National Bank of Denmark becomes first non-eurozone central bank to join Tips and T2 systems
The National Bank of Denmark has become a full member of the Eurosystem’s Target payments infrastructure.
The central bank joined T2 and the Target instant payments system (Tips) today (April 23). Settling securities in Danish krone has been possible since 2018 using the Target2 system.
In a statement, the European Central Bank wrote: “By using T2 and Tips, Danish financial markets will benefit from common standards with the euro area, optimised liquidity management and strengthened IT security
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