The Directorate General of the EU Commission responsible for issues relating to competition ensures that the EU central banks do not operate an unfair charges policy. Besides charges, it will, above all, be quality features, such as speed and freedom from risk, that will play a crucial role in the choice of the payment channel.
The TARGET system established by the central banks will settle large-value payments extremely efficiently in real time and with immediate finality. In the view of the central banks, this system should therefore be used for time-critical and very large payments, particularly for transactions in connection with money and foreign exchange market operations.