Fees

The Eurosystem sets a dual pricing scheme for the TARGET2 core service. It allows participants to choose between a lower fixed monthly fee + a fixed transaction fee or a higher fixed monthly fee + a degressive transaction fee. The goal of the pricing scheme is to recover the costs of operating TARGET2 taking into account a so-called public good factor.

The “User information guide to the TARGET2 pricing” provides TARGET2 users with a comprehensive overview of the pricing schemes related to TARGET2 and a detailed guide to the billing principles for the various types of transaction, as well as the entities to be invoiced. This information guide serves as reference documentation on pricing and billing issues, but does not confer any legal rights on operations or entities.