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the Eurosystem's monetary policy operations.

Like its predecessors TARGET and TARGET2, T2 is used for the end-of-day settlement of EURO1 (operated by the Euro Banking Association) and payments in euros between CLS Bank and its members.

On , the Eurosystem and Danmarks Nationalbank signed an agreement that provides for Denmark to join T2 (as well as TIPS) in March 2025,

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