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Delays in Payments Due to Disruption at ECB
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The Deutsche Bundesbank stated that the effects of the disruption in the ECB's Target payment system could still be noticeable the following day. Mass payments processed through clearing systems and recorded in the Target 2 (T2) payment network were also affected.
Large payment transactions submitted for processing on Friday were also affected by the delays. This particularly concerned salary payments, pension transfers, and social benefits.
Hours-Long Disruptions on Thursday
"This could result in credit entries being credited to the recipients' checking accounts later than usual today," explained the Bundesbank. On Thursday, there were hours-long disruptions on the ECB platforms T2 for large payments and T2S for securities transfers. These could only be resolved on Thursday evening. According to the ECB, the problems were due to a technical error and not a hacker attack.
(APA/Red)
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