TARGET instant payment settlement

Public consultation on the draft TIPS user requirements

Published: 9 January 2017
Deadline: 24 February 2017

User requirements
User requirements
Template for comments

ECB feedback

More than 1,100 comments were received from the market during the consultation period. Most of them were related to the substance of the text, a need for clarification or consistency. The ECB has assessed all of the comments.

The document “Updates from URD market consultation” presents a high-level overview of the possible changes to the URD on the basis of the comments received. In addition, the “Explanatory note on the co-existence of TIPS with other instant payment services” addresses more general concerns raised during the market consultation.

Updates from URD market consultation
Explanatory note on the co-existence of TIPS with other instant payment services

Individual responses

The responses received are published below, except where the sender did not consent to publication. The comments received from institutions that prefer to remain anonymous are included under “anonymous institutions”.