User consultation in designing TARGET2

During its development, TARGET2 benefited greatly from cooperation between the Eurosystem and future users of the system. This improved the understanding of market requirements and ensured a smooth migration process and high levels of acceptance of the system by users.

The user consultation process was very fruitful and the Eurosystem designed TARGET2 to fully meet users’ requirements, mainly:

  • maximum harmonisation of services and related fees,
  • increased cost-efficiency,
  • flexible liquidity management facilities,
  • strong business continuity and
  • effective contingency measures.

Ongoing user consultation today

Meetings with users at national level

Each central bank participating in TARGET2 is responsible for organising and holding regular meetings with its user community at national level. Meetings of such National User Groups (NUGs) are the basic forums to communicate with users on envisaged changes in TARGET2, collecting users’ feedbacks and requirements. For information about NUG meetings, please contact your national central bank directly.

Meetings with users at European level

Strategic issues are addressed in the Contact Group on Euro Payments Strategy (COGEPS), a forum in which the senior management of commercial and central banks is represented.

Joint meetings of the Eurosystem Working Group on TARGET2 (WGT2) and the TARGET Working Group (TWG), which comprises representatives of the European banking industry, take place regularly. These pan-European meetings deal primarily with the management of new system releases. Below you can find the minutes of these meetings.

User consultations on SSP releases

For User consultations related to collecting change requests for SSP releases, please refer to the individual releases.

Summaries

  • September 2015: Joint meeting of the TWG and the WGT2 download
  • February 2015: Joint meeting of the TWG and the WGT2 download
  • September 2014: Joint meeting of the TWG and the WGT2 download
  • February 2014: Joint meeting of the TWG and the WGT2 download
  • September 2013: Joint meeting of the TWG and the WGT2 download
  • February 2013: Joint meeting of the TWG and the WGT2 download
  • September 2012: Joint meeting of the TWG and the WGT2 download
  • February 2012: Joint meeting of the TWG and the WGT2 download
  • November 2011: Joint meeting of the TWG and the WGT2 download
  • September 2011: Joint meeting of the TWG and the WGT2, download
  • May 2011: Joint meeting of the TWG and the WGT2, download
  • February 2011: Joint meeting of the TWG and the WGT2, download
  • November 2010: Joint meeting of the TWG and the WGT2, download
  • September 2010: Joint meeting of the TWG and the WGT2, download
  • May 2010: Joint meeting of the TWG and the WGT2, download
  • February 2010: Joint meeting of the TWG and the WGT2, download
  • November 2009: Joint meeting of the TWG and the WGT2, download
  • September 2009: Joint meeting of the TWG and the WGT2, download
  • May 2009: Joint meeting of the TWG and the WGT2, download
  • March 2009: Joint meeting of the TWG and the WGT2, download
  • October 2008: Joint meeting of the TWG and the WGT2, download
  • July 2008: Joint meeting of the TWG and the WGT2, download
  • March 2008: Joint meeting of the TWG and the WGT2, download
  • December 2007: Joint meeting of the TWG and the WGT2, download