Furthermore, the project is the best guarantee that a pan-European solution for the processing of instant payments will be available since TARGET2 is already a pan-European solution. If deemed feasible, it is understood that real-time settlement of instant payments would be offered by the Eurosystem at full cost recovery.
As this is a pressing topic, the aim of the investigation is to reach a decision on whether to go ahead with this by the end of the first quarter of 2017 in order to not delay the go-live of announced market initiatives. 3.