Participation in the RPS SEPA-Clearer

Impact of TARGET2/T2S consolidation on the RPS

As part of the TARGET2/T2S consolidation project, T2, the successor system to TARGET2, will go live in November 2022 and will thus replace TARGET2 at the same time. The migration will affect also the RPS SEPA-Clearer and the RPS cheque processing service that currently carry out their financial settlement via the Ancillary System Interface (ASI).