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ECB's $1.9 trillion-a-day trade system suffers outage

The European Central Bank fixed a significant outage in its payment system that affected trillions of euros in transactions during the day.
The outage in the Target 2 system lasted about seven hours, impacting scheduled payments and trading timelines.
The ECB confirmed the issue was due to a hardware defect with no indication of foul play, impacting financial liquidity for future transactions.
Communication issues affected the TARGET 2 Securities platform as well, which is used for trades across 24 depositories, including Euroclear.

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Daily Sabah

Europe shaken as ECB system breakdown delays trillions in payments

Banks encountered difficulties in handling payments on Friday due to an extraordinary, full-day malfunction of the European Central Bank's (ECB)...

11 hours ago·Türkiye

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Kronen Zeitung

Don't panic if pay isn't on the account yet!

It's already the last month, but you still don't have a salary in the account? Don't worry, it doesn't have to be your employer's fault – there's another reason. Because of "technical problems" the European Central Bank is currently experiencing delays ... Many people were surprised in the morning – although the last day of the month is and the weekend is at hand, the well-earned salary was missing from the account. Before you complain to the em…

16 hours ago·Vienna, Austria

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Business Live

Outage hits ECB’s multitrillion-euro payment system

System resumes but deadlines to settle the day’s payment flows had been postponed by several hours

1 day ago·Johannesburg, South Africa

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Bloomberg

ECB’s €790 Billion Trade Settlement System Operational Again

The European Central Bank’s securities settlement system is working again after a communications shutdown earlier on Thursday due to a hardware failure.

1 day ago·United States

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delo.si

Payment transactions in the EU have collapsed

Some Slovenian banks have already informed their clients about the problems.

1 day ago

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Reuters

+3 Reposted by 3 other sources

ECB's $1.9 trillion-a-day trade system suffers outage

The European Central Bank said on Thursday its system that handles $1.9 trillion a day in transactions across the region was suffering an outage, leaving banks and companies scrambling to figure out the potential impact.

1 day ago·United Kingdom

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