Other publications may include books, quarterly reviews, annual reports and economic bulletins from the ECB, PhD theses and Danmarks Nationalbank’s policies.
Description of the Danish payment infrastructure (TARGET DKK)
Danmarks Nationalbank is responsible for TARGET DKK, which comprises two components: Settlement of Danish kroner in TARGET Services and the bank’s own system for handling collateral and monetary policy instruments, SPI. TARGET Services is owned by the Eurosystem and comprises several different services, including T2, T2S, TIPS and a number of supporting sys-tems referred to as the Common Components. TARGET DKK is an interbank payment system that settles payments in Danish kroner in real time and therefore plays a central role in the Danish financial infrastructure, which imposes strict requirements on security and efficiency. The following disclosure report provides a detailed description of TARGET DKK’s adherence to the international principles for financial market infrastructures formulated by the Committee on Payments and Market Infrastructures in cooperation with the International Organization of Securi-ties Commissions (collectively known as CPMI-IOSCO).