Bank transfers suspended for four days, employers invited to anticipate payment of March salaries. Money flows between euro area banks pass through the Target 2 system.
It will be closed for more than 100 hours between Thursday March 28 at 6 p.m. and Tuesday April 2 at 2:30 a.m., specifies the Banque de France. These closure schedules “are known well in advance”, underlines the French Banking Federation (FBF) Instant transfer services offered by banks “remain operational during periods when settlement systems are closed,” concludes the FBF.