TARGET Services are a number of services developed and operated by the Eurosystem.
These services include TARGET2 (for settling large value payments), T2S (for settling securities) and TIPS (a service for instant payments). All of them settle in central bank money.
- TARGET2: the real-time gross settlement (RTGS) System
- TARGET2-Securities (T2S): the securities settlement platform
- TARGET Instant Payment Settlement (TIPS): the instant payment settlement service.