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.
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.