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Third migration group set for move to Target2

09 May 2008  |  1900 views  |  0 Source: European Central Bank

After the successful completion of its tests, the Eurosystem acknowledges the readiness of the banking communities of migration group 3 (composed of Denmark, Estonia, Greece, Italy, Poland and the ECB) and formally confirms that the migration of the third country wave to TARGET2 will take place as scheduled on 19 May 2008.

As a consequence, the contingency group - scheduled for migration on 15 September 2008 - will not need to be activated.

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