Target 2
Our mission:
Advising and assisting your projects of change to the new European standards from analysis to implementation using our banking and financial expertise.
Challenge overview:
In target2, all banks in the EU- irrespective of where they are located – will be offered the same high quality services, functionality and interfaces as well as a single price structure. This will level up the playing field for banks across Europe. It went live on November 19th, 2007.
Key facts about target2:
Advising and assisting your projects of change to the new European standards from analysis to implementation using our banking and financial expertise.
Challenge overview:
In target2, all banks in the EU- irrespective of where they are located – will be offered the same high quality services, functionality and interfaces as well as a single price structure. This will level up the playing field for banks across Europe. It went live on November 19th, 2007.
Key facts about target2:
- A single technical platform replaces the present decentralized platforms.
- Flexible enough to accommodate future customer needs.
- Highly efficient and competitive.
- A single interface leading to harmonized services.
- Pan European liquidity management.
- Pricing
- The various ways of participating in target2.
- Interaction with ancillary systems.
- Operational day.
- Testing and migration.
- To adapt liquidity and treasury management to the new system’s capabilities with our methodology of target 2 business impact analysis.
- To audit your payments operations processes’ efficiency and to evaluate your information systems.
- To adapt your organization and systems to the changes the new SSP requires, and with the new competitive environment.
- To develop service offerings for corporate clients and foreign banks according to target 2 specifications, and to harmonize your organization’s service offerings across the Eurozone.
- Coordinating the transition across countries simultaneously for a NVB and helping the migration of your clients from a Target 1 local RTGS to the target 2 SSP.