Services to the financial sector

The central bank acts as the linchpin of the financial sector. Like most central banks, the National Bank has set up a number of services which it performs for credit institutions.

Services to the financial sector

  • The National Bank administers a settlement system for securities, which ensures the secure handling of transactions in, predominantly, dematerialised securities.

  • RECOUR, the current account system of the National Bank, is used for the settlement of operations on the accounts of its customers.

  • TARGET2 is used for settling central bank operations, for large interbank transfers in euro and also for other euro-denominated transfers.