The "Single Euro Payments Area" (SEPA) is a major European project which aims at creating a single European market for payment services.
RECOUR, the current account system of the National Bank, is used for the settlement of operations on the accounts of its customers.
The transaction management application WIROW FIN'Markets enables the users to consult all their current accounts, credit and collateral transactions in a straightforward way.
The National Bank administers a settlement system for securities, which ensures the secure handling of transactions in, predominantly, dematerialised securities.
Euroclear Belgium carries out the settlement of most stock exchange operations. The settlement takes place on Dedicated Cash Accounts opened in the T2-Securities platform of the Eurosystem.
Institutions that are Critical Market Infrastructures or Core Financial Institutions must be able to resist cyber attacks. To help achieve this objective, the National Bank of Belgium has decided to approve the establishment of TIBER-BE (Threat Intelligence based Ethical Red teaming).
Payments and securities
One of the statutory tasks the National Bank is charged with is to promote efficient and sound clearing and payment systems. The Bank tries to meet this objective through its operational association as system manager and chair of a number of payment systems.
TARGET Services are a number of services developed and operated by the Eurosystem which ensure the free flow of cash, securities and collateral across Europe. All of these services settle in central bank money.