TARGET instant payment settlement

Public consultation on the draft TIPS user requirements

Published: 9 January 2017
Deadline: 24 February 2017

User requirements
User requirements
Template for comments

ECB feedback

More than 1,100 comments were received from the market during the consultation period. Most of them were related to the substance of the text, a need for clarification or consistency. The ECB has assessed all of the comments.

The document “Updates from URD market consultation” presents a high-level overview of the possible changes to the URD on the basis of the comments received. In addition, the “Explanatory note on the co-existence of TIPS with other instant payment services” addresses more general concerns raised during the market consultation.

Updates from URD market consultation
Explanatory note on the co-existence of TIPS with other instant payment services

Individual responses

The responses received are published below, except where the sender did not consent to publication. The comments received from institutions that prefer to remain anonymous are included under “anonymous institutions”.

• ABN AMRO ENGLISH; Letter
• ANONYMOUS INSTITUTIONS ENGLISH
• BANCO DE PORTUGAL ENGLISH
• BANCO FINANTIA ENGLISH
• BANKA SLOVENIJE ENGLISH
• BANKART ENGLISH
• BANQUE CENTRAL DU LUXEMBOURG ENGLISH
• BARCLAYS UK ENGLISH
• BELFIUS BANK ENGLISH
• BETAALVERENIGING NEDERLAND ENGLISH; Letter
• BNP PARIBAS FORTIS ENGLISH
• CAIXABANK ENGLISH
• COMMERZBANK AG ENGLISH
• DANSKE BANK ENGLISH
• DEUTSCHE BANK AG ENGLISH
• DEUTSCHE BUNDESBANK ENGLISH
• DZ BANK ENGLISH
• EACHA ENGLISH
• EBA CLEARING ENGLISH; Letter
• EQUENSWORLDLINE ENGLISH
• ERSTE GROUP ENGLISH
• ESBG ENGLISH
• EUROPEAN BANKING FEDERATION ENGLISH
• EUROPEAN PAYMENTS COUNCIL (EPC) ENGLISH
• FINANCE FINLAND Letter
• GERMAN BANKING INDUSTRY COMMITTEE (GBIC) Letter
• GLOBAL LEGAL ENTITY IDENTIFIER FOUNDATION (GLEIF) ENGLISH
• HELLENIC BANK ASSOCIATION ENGLISH
• HSBC FRANCE ENGLISH
• ICCREA BANCA ENGLISH
• ING BANK Letter
• ITALIAN BANKING ASSOCIATION (ABI) ENGLISH
• LATVIJAS BANKA ENGLISH
• NÁRODNÁ BANKA SLOVENSKA ENGLISH
• NARODOWY BANK POLSKI ENGLISH
• NATIONAL BANK OF BELGIUM ENGLISH
• NETS A/S ENGLISH
• NORDEA BANK ENGLISH
• NOVO BANCO ENGLISH
• OESTERREICHISCHE NATIONALBANK ENGLISH
• OP FINANCIAL GROUP ENGLISH
• PAYMENTS UK ENGLISH
• PORTUGUESE BANKING COMMUNITY ENGLISH
• SAVINGS BANKS FINANCE GROUP GERMANY ENGLISH
• SEB BANK GROUP ENGLISH
• SLOVENSKA SPORITEĽŇA A.S. ENGLISH
• SOCIÉTÉ GÉNÉRALE GROUP ENGLISH
• SWEDBANK AB ENGLISH; Letter
• TAS GROUP ENGLISH
• UBS AG ENGLISH
• UNICREDIT BANK CZECH REPUBLIC AND SLOVAKIA, A.S ENGLISH
• UNICREDIT GROUP (ITALY, GERMANY AND AUSTRIA) ENGLISH
• VOLKSBANK IN DER ORTENAU EG ENGLISH
• VOLKSWAGEN BANK GMBH ENGLISH
• VUB BANKA SLOVAKIA ENGLISH