BoF-RTGS
RTGSReplacedBoF-RTGS was the Bank of Finland's real-time gross settlement system, introduced in 1991 and Finland's component of TARGET from 1 January 1999. It was replaced when Finland's TARGET user community connected to the TARGET2 single shared platform on 18 February 2008. Since March 2023 Finnish participants settle euro payments in T2 through TARGET-Suomen Pankki, the Bank of Finland's TARGET component system.
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Dated items ClearingPost holds, each with its source and whether the date is confirmed
No supported upcoming items in ClearingPost's records for BoF-RTGS.
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Changed
All recorded changes →Material, sourced changes ClearingPost recorded; corrections to its own record are labelled as such
Guideline (EU) 2025/1889 of 31 July 2025, published in the Official Journal (L series) on 19 September 2025; euro area national central banks apply its measures from 6 October 2025. It allows euro area central banks, at their discretion, to admit non-bank payment service providers established in the Union or the EEA as TARGET participants, with maximum holding amounts and penalties for breaching them, provides for TIPS One-Leg Out (OLO) credit transfer orders, and records that TIPS can operate on a cross-currency basis from 5 October 2025. Superseded as the latest amendment by Guideline (EU) 2026/1473. Earlier amending Guidelines (2024/2616, 2023/2415, 2022/2250) and the original Guideline of 24 February 2022 are not recorded as separate versions.
took effect 6 Oct 2025 · European Central Banksource ↗
Rules & documents
The rulebooks, operating rules and standards documents ClearingPost holds for BoF-RTGS, each with its current version, or the latest published one when none is in force yet
- TARGET Guideline: Guideline (EU) 2022/912 (ECB/2022/8), as amendedEuropean Central Bank · As amended by Guideline (EU) 2026/1473 (ECB/2026/11) · Authoritative (T1) · External document · European Central Bank
Sources No status page recorded · 9 of 13 fields carry a source and a recorded date · latest sourced entry recorded 7 Oct 2026 · evidence details ↓
Record · BoF-RTGS
Finland participates in the Eurosystem's TARGET platform via the Bank of Finland TARGET component system (TARGET-Suomen Pankki). In 2024, the Finnish component processed 1,264,731 transactions (~4,940/day), settling approximately EUR 72.6 billion per day on average. 51 participants at end-2024. Daily transaction volume has grown from ~2,060/day (2019) to ~4,940/day (2024). TARGET Services operations in Finland ran smoothly throughout 2024, achieving a 4.7/5 customer satisfaction rating. Finland adopted the euro in 1999 as a founding eurozone member. BoF Annual Report 2024 no longer publishes transaction count in narrative; figure sourced from ECB Table 3 statistics.
Guideline (EU) 2026/1473 of 4 May 2026, published in the Official Journal of the European Union (L series) on 1 July 2026, amends the TARGET Guideline. It takes effect on notification to the euro area national central banks, which apply the measures in Annexes I and II from 15 June 2026 and those in Article 1(1) and (2) and Annexes III and IV from 14 November 2026. From 1 July 2026 holders of RTGS dedicated cash accounts (DCAs) choose between a monthly fee of EUR 400 with a fixed fee of EUR 0.80 per payment order and a monthly fee of EUR 5,000 with volume-based transaction fees. The Bank of Finland made corresponding changes to the rules of its TARGET component system (TARGET-Suomen Pankki), in force from 15 June 2026. EUR-Lex gives 15 June 2026 as the date of the current consolidated version of the TARGET Guideline.
Operations · BoF-RTGS
Operational monitoring: not configured. ClearingPost does not monitor operational sources for this system and does not assess its current service condition.
Operations lists the systems ClearingPost monitors and the operational events it has recorded.
Wider coverage that mentions BoF-RTGS (2)
These articles mention BoF-RTGS in their text but not in their headline or summary, so they are listed as context rather than as BoF-RTGS intelligence.