Bank of Spain updates participation rules in the European TARGET payment system
08 Jun 2026Effective: 15 Jun 2026104 views
Who is affected:
Credit institutions, central banks and participants in the TARGET-Bank of Spain payment system
Summary
The Bank of Spain modifies the conditions for participation in TARGET to enable immediate payments under the new OCT Inst scheme and automate liquidity transfers between bank accounts.
Detailed analysis
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The Executive Commission of the Bank of Spain adapts its internal regulations to the TARGET system to incorporate the changes required by ECB Guideline BCE/2026/11. The main innovations include the possibility of automating liquidity transfers between MCA and DCA TIPS accounts when minimum or maximum limits set by the …
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