Tips - TARGET Instant Payment Settlement the Pan-European Infrastructure for the Settlement of Instant Payments [Tips - Target Instant Payment Settlement Il Sistema Europeo Per Il Regolamento Dei Pagamenti Istantanei]

Towards the holy grail of cross-border payments

“…As the interlinking of the instant payment systems of both the Riksbank and the ECB will rely on TIPS, all payments will be settled in central bank money (analogous with the other proposals) (e.g. Renzetti, Dinacci and Börestam, 2021).…”