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Wertpapierabwicklungssysteme</a></li><li class="clearfix"><a href="/mopo/coll/coll/ssslinks/html/index.de.html">Zugelassene Verbindungen</a></li><li class="clearfix"><a href="/mopo/coll/coll/triparty/html/index.de.html">Zugelassene Triparty Agents</a></li></ul></li><li class="has-subpages"><a href="/mopo/coll/risk/html/index.de.html">Risikominderung</a><a href="#" class="subpages" title="toggle subpages for Risikominderung"></a><ul><li class="clearfix"><a href="/mopo/coll/risk/ecaf/html/index.de.html">ECAF</a></li><li class="clearfix"><a href="/mopo/coll/risk/riskcontrol/html/index.de.html">Risikokontrolle</a></li><li class="clearfix"><a href="/mopo/coll/risk/liquidity/html/index.de.html">Haircut-Kategorien</a></li><li class="clearfix"><a href="/mopo/coll/risk/valuation/html/index.de.html">Bewertung</a></li></ul></li><li class="has-subpages"><a href="/mopo/coll/loanlevel/html/index.de.html">Initiative zur Erfassung von Einzelkreditdaten</a><a href="#" class="subpages" title="toggle subpages for Initiative zur Erfassung von Einzelkreditdaten"></a><ul><li class="clearfix"><a href="/mopo/coll/loanlevel/transmission/html/index.de.html">Schema für die Meldung von Daten</a></li><li class="clearfix"><a href="/mopo/coll/loanlevel/implementation/html/index.de.html">Zulassungskriterien</a></li><li class="clearfix"><a href="/mopo/coll/loanlevel/faq/html/index.de.html">Häufig gestellte Fragen</a></li></ul></li><li class="clearfix"><a href="/mopo/coll/contacts/html/index.de.html">Kontaktdaten</a></li></ul></li><li class="has-subpages"><a href="/mopo/eaec/html/index.de.html">Wirtschaftsstruktur im Euroraum</a><a href="#" class="subpages" title="toggle subpages for Wirtschaftsstruktur im Euroraum"></a><ul><li class="clearfix"><a href="/mopo/eaec/ecopolicy/html/index.de.html">Wirtschaftspolitik</a></li><li class="clearfix"><a href="/mopo/eaec/fiscal/html/index.de.html">Finanzpolitik</a></li><li class="clearfix"><a 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href="/mopo/market-contact-groups/mmcg/html/index.de.html">Money Market Contact Group (MMCG)</a></li><li class="clearfix"><a href="/mopo/market-contact-groups/dimcg/html/index.de.html">Debt Issuance Market Contact Group (DIMCG)</a></li><li class="clearfix"><a href="/mopo/market-contact-groups/omg/html/index.de.html">Operations Managers Group der EZB (ECB OMG)</a></li><li class="clearfix"><a href="/mopo/market-contact-groups/fxcg/html/index.de.html">Foreign Exchange Contact Group (FXCG)</a></li><li class="clearfix"><a href="/mopo/market-contact-groups/iid/html/index.de.html">Institutional Investor Dialogue (IID)</a></li></ul></li></ul></div></li><li class="has-subpages -section" aria-expanded="false"><a href="/paym/html/index.de.html">Zahlungsverkehr und Finanzstabilität</a><a href="#" class="subpages" title="toggle subpages for Zahlungsverkehr und Finanzstabilität"></a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"><div class="item"> <div class="title">Zahlungsverkehr und Finanzstabilität</div> <p>Einblicke in unsere Arbeit in den Bereichen Finanzstabilität und Zahlungsverkehrsinfrastruktur</p><a href="/paym/html/index.en.html">Zahlungsverkehr und Finanzstabilität – ein Überblick</a><hr> <div class="nav-title">Direktzugriff</div> <ul> <li><a href="/euro/digital_euro/html/index.en.html">Der digitale Euro</a></li> <li><a href="/press/intro/html/index.en.html">Aktuelles zum Zahlungsverkehr</a></li> <li><a href="/paym/target/target-professional-use-documents-links/html/index.en.html">TARGET für professionelle Nutzer – Dokumente und Links</a></li> </ul> </div><a href="/pub/financial-stability/fsr/html/index.en.html" class="item image"> <img src="/paym/financial-stability/html/index/fsr_1000x750.jpg" width="357" height="179" loading="lazy" style="object-fit:cover"><div class="image-caption">Aktueller Finanzstabilitätsbericht</div> <div class="image-date">16. Mai 2024</div></a></div></div><ul><li class="clearfix"><span>Zahlungsverkehr</span></li><li class="has-subpages"><a href="/paym/target/html/index.de.html">TARGET-Dienste</a><a href="#" class="subpages" title="toggle subpages for TARGET-Dienste"></a><ul><li class="clearfix"><a href="/paym/target/coco/html/index.de.html">Gemeinsame Funktionsmerkmale</a></li><li class="has-subpages"><a href="/paym/target/t2/html/index.de.html">T2</a><a href="#" class="subpages" title="toggle subpages for T2"></a><ul><li class="clearfix"><a href="/paym/target/t2/facts/html/index.de.html">Facts and figures</a></li><li class="clearfix"><a href="/paym/target/t2/governance/html/index.de.html">Governance</a></li></ul></li><li class="has-subpages"><a href="/paym/target/t2s/html/index.de.html">T2S</a><a href="#" class="subpages" title="toggle subpages for T2S"></a><ul><li class="clearfix"><a href="/paym/target/t2s/governance/html/index.de.html">Governance</a></li><li class="clearfix"><a href="/paym/target/t2s/facts/html/index.de.html">Zahlen und Fakten</a></li><li class="clearfix"><a href="/paym/target/t2s/pricing/html/index.de.html">Preisgestaltung</a></li></ul></li><li class="has-subpages"><a href="/paym/target/tips/html/index.de.html">TIPS</a><a href="#" class="subpages" title="toggle subpages for TIPS"></a><ul><li class="clearfix"><a href="/paym/target/tips/governance/html/index.de.html">Governance</a></li><li class="clearfix"><a href="/paym/target/tips/facts/html/index.de.html">Zahlen und Fakten</a></li><li class="clearfix"><a href="/paym/target/tips/onboarding/html/index.de.html">Onboarding</a></li></ul></li><li class="clearfix"><a href="/paym/target/ecms/html/index.de.html">ECMS</a></li><li class="has-subpages"><a href="/paym/target/target-professional-use-documents-links/html/index.de.html">TARGET für professionelle Nutzer – Dokumente und Links</a><a href="#" class="subpages" title="toggle subpages for TARGET für professionelle Nutzer – Dokumente und Links"></a><ul><li class="clearfix"><a href="/paym/target/target-professional-use-documents-links/coco/html/index.de.html">Professionelle Nutzer</a></li><li class="clearfix"><a href="/paym/target/target-professional-use-documents-links/t2/html/index.de.html">T2 – Dokumente und Links</a></li><li class="clearfix"><a href="/paym/target/target-professional-use-documents-links/t2s/html/index.de.html">Professionelle Nutzung</a></li><li class="clearfix"><a href="/paym/target/target-professional-use-documents-links/tips/html/index.de.html">Professionelle Nutzung</a></li><li class="clearfix"><a href="/paym/target/target-professional-use-documents-links/ecms/html/index.de.html">Professionelle Nutzung</a></li></ul></li></ul></li><li class="has-subpages -section"><a href="/paym/integration/html/index.de.html">Integration und Innovation</a><a href="#" class="subpages" title="toggle subpages for Integration und Innovation"></a><ul><li class="has-subpages"><a href="/paym/integration/distributed/html/index.de.html">Distributed-Ledger-Technologien</a><a href="#" class="subpages" title="toggle subpages for Distributed-Ledger-Technologien"></a><ul><li class="clearfix"><a href="/paym/integration/distributed/exploratory/html/index.de.html">Sondierungsarbeiten</a></li></ul></li><li class="has-subpages -section"><a href="/paym/integration/retail/html/index.de.html">Massenzahlungen</a><a href="#" class="subpages" title="toggle subpages for Massenzahlungen"></a><ul><li class="clearfix"><a href="/paym/integration/retail/retail_payments_strategy/html/index.de.html">Strategie für Massenzahlungen</a></li><li class="clearfix"><a href="/paym/integration/retail/ecb/html/index.de.html">Katalysatorfunktion der EZB</a></li><li class="clearfix -current"><a href="/paym/integration/retail/sepa/html/index.de.html">SEPA</a></li><li class="clearfix"><a href="/paym/integration/retail/instant_payments/html/index.de.html">Sofortzahlungen</a></li></ul></li><li class="has-subpages"><a href="/paym/integration/collateral/html/index.de.html">Harmonisierung des Sicherheitenmanagements</a><a href="#" class="subpages" title="toggle subpages for Harmonisierung des Sicherheitenmanagements"></a><ul><li class="clearfix"><a href="/paym/integration/collateral/implementation/html/index.de.html">Umsetzung</a></li><li class="clearfix"><a href="/paym/integration/collateral/faq/html/index.de.html">Häufig gestellte Fragen</a></li></ul></li></ul></li><li class="has-subpages"><a href="/paym/cyber-resilience/html/index.de.html">Cyberresilienz</a><a href="#" class="subpages" title="toggle subpages for Cyberresilienz"></a><ul><li class="clearfix"><a href="/paym/cyber-resilience/fmi/html/index.de.html">Finanzmarktinfrastrukturen</a></li><li class="clearfix"><a href="/paym/cyber-resilience/tiber-eu/html/index.de.html">TIBER-EU</a></li></ul></li><li class="has-subpages"><a href="/paym/pol/html/index.de.html">Überwachung</a><a href="#" class="subpages" title="toggle subpages for Überwachung"></a><ul><li class="clearfix"><a href="/paym/pol/systems/html/index.de.html">Zahlungssysteme</a></li><li class="clearfix"><a href="/paym/pol/target2-securities/html/index.de.html">TARGET2-Securities</a></li><li class="clearfix"><a href="/paym/pol/instr/html/index.de.html">Elektronische Zahlungen</a></li><li class="clearfix"><a href="/paym/pol/clearing/html/index.de.html">Wertpapierabwicklungssysteme und zentrale Gegenparteien</a></li><li class="clearfix"><a href="/paym/pol/critical/html/index.de.html">Kritische Dienstleister</a></li><li class="clearfix"><a href="/paym/pol/correspondent-and-custodian-banks/html/index.de.html">Korrespondenz- und Depotbanken</a></li><li class="clearfix"><a href="/paym/pol/forum/html/index.de.html">SecuRe Pay-Forum</a></li></ul></li><li class="has-subpages"><a href="/paym/erms/html/index.de.html">Währungsreservenverwaltung</a><a href="#" class="subpages" title="toggle subpages for Währungsreservenverwaltung"></a><ul><li class="clearfix"><a href="/paym/erms/aspects/html/index.de.html">Wesentliche Aspekte</a></li><li class="clearfix"><a href="/paym/erms/service/html/index.de.html">Leistungsspektrum</a></li></ul></li><li class="has-subpages"><a href="/paym/cashprof/html/index.de.html">Personen, die mit Bargeld arbeiten</a><a href="#" class="subpages" title="toggle subpages for Personen, die mit Bargeld arbeiten"></a><ul><li class="has-subpages"><a href="/paym/cashprof/cashhand/html/index.de.html">Bargeldbearbeitung</a><a href="#" class="subpages" title="toggle subpages for Bargeldbearbeitung"></a><ul><li class="clearfix"><a href="/paym/cashprof/cashhand/devices/html/index.de.html">Geräte zur Echtheitsprüfung</a></li><li class="clearfix"><a href="/paym/cashprof/cashhand/recycling/html/index.de.html">Wiederausgabe von Euro-Banknoten</a></li></ul></li><li class="clearfix"><a href="/paym/cashprof/cdispec/html/index.de.html">CDI-Spezifikationen</a></li><li class="clearfix"><a href="/paym/cashprof/accreditation/html/index.de.html">Zulassung von Banknotenherstellern</a></li></ul></li><li class="has-subpages"><a href="/paym/groups/html/index.de.html">Kontaktgruppen Zahlungsverkehr</a><a href="#" class="subpages" title="toggle subpages for Kontaktgruppen Zahlungsverkehr"></a><ul><li class="clearfix"><a href="/paym/groups/ami/html/index.de.html">Beratergruppen zu Marktinfrastrukturen</a></li><li class="clearfix"><a href="/paym/groups/euro-cyber-board/html/index.de.html">Euro Cyber Resilience Board</a></li><li class="clearfix"><a href="/paym/groups/erpb/html/index.de.html">Euro Retail Payments Board (ERPB)</a></li><li class="clearfix"><a href="/paym/groups/efip/html/index.de.html">European Forum for Innovation in Payments (EFIP)</a></li></ul></li><li class="clearfix"><span>Finanzstabilität</span></li><li class="clearfix"><a href="/paym/financial-stability/html/index.de.html">Finanzstabilität – Einleitung</a></li><li class="clearfix"><a href="/paym/macroprudential-measures/html/index.de.html">Makroprudenzielle Maßnahmen</a></li><li class="clearfix"><a href="/paym/financial_stability_contact_groups/html/index.de.html">Kontaktgruppen Finanzstabilität</a></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="/stats/html/index.de.html">Statistik</a><a href="#" class="subpages" title="toggle subpages for Statistik"></a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"><div class="item"> <div class="title">Statistiken</div> <p>Zugang zu allen Statistiken der EZB und Hintergrundinformationen</p><a href="/stats/html/index.en.html">Statistiken bei der EZB – ein Überblick</a><hr> <div class="nav-title">Direktzugriff</div> <ul> <li><a href="https://data.ecb.europa.eu/main-figures">Wichtige Zahlen</a></li> <li><a href="https://data.ecb.europa.eu/">Data Portal der EZB</a></li> <li><a href="/stats/ecb_statistics/accessing-our-data/html/index.en.html">Alle Datendienste</a></li> </ul> </div><a href="/press/blog/date/2024/html/ecb.blog20240418~2240ea1850.en.html" class="item image"> <img src="/press/blog/date/2024/html//ecb.blog20240418~2240ea1850/ecb.blog20240418~2240ea1850.jpg" width="357" height="179" loading="lazy" style="object-fit:cover"><div class="image-caption">DER EZB-BLOG – Bessere Daten: Auswirkungen des Klimawandels auf die Banken</div> <div class="image-date">18. April 2024</div></a></div></div><ul><li class="clearfix"><span>Häufiger Zugriff</span></li><li class="clearfix"><a href="/stats/euro-exchange-rates/html/index.de.html">Euro-Wechselkurse</a></li><li class="clearfix"><a href="/stats/key-ecb-interest-rates/html/index.de.html">EZB-Leitzinsen</a></li><li class="has-subpages"><a href="/stats/euro-short-term-rates/html/index.de.html">Euro Short-Term Rate (€STR)</a><a href="#" class="subpages" title="toggle subpages for Euro Short-Term Rate (€STR)"></a><ul><li class="has-subpages"><a href="/stats/euro-short-term-rates/interest_rate_benchmarks/html/index.de.html">Referenzzinssätze</a><a href="#" class="subpages" title="toggle subpages for Referenzzinssätze"></a><ul><li class="clearfix"><a href="/stats/euro-short-term-rates/interest_rate_benchmarks/WG_euro_risk-free_rates/html/index.de.html">Arbeitsgruppe zu risikofreien Zinssätzen im Euroraum</a></li></ul></li></ul></li><li class="clearfix"><a href="/stats/inflation/html/index.de.html">Inflation</a></li><li class="clearfix"><a href="/stats/euro-area-yield-curves/html/index.de.html">Zinsstrukturkurven des Euroraums</a></li><li class="clearfix"><span>Alle Statistiken und Hintergrund</span></li><li class="clearfix"><a href="/stats/all-key-statistics/html/index.de.html">Alle wichtigen Statistiken</a></li><li class="clearfix"><a href="/stats/accessing-our-data/html/index.de.html">Zugang zu unseren Daten</a></li><li class="has-subpages"><a href="/stats/ecb_statistics/html/index.de.html">Wesentliche Merkmale</a><a href="#" class="subpages" title="toggle subpages for Wesentliche Merkmale"></a><ul><li class="clearfix"><a href="/stats/ecb_statistics/governance_and_quality_framework/html/index.de.html">Governance und Qualitätsrahmen</a></li><li class="clearfix"><a href="/stats/ecb_statistics/co-operation_and_standards/html/index.de.html">Zusammenarbeit und Standards</a></li><li class="clearfix"><a href="/stats/ecb_statistics/reporting/html/index.de.html">Datenmeldungen der Banken</a></li><li class="has-subpages"><a href="/stats/ecb_statistics/anacredit/html/index.de.html">AnaCredit</a><a href="#" class="subpages" title="toggle subpages for AnaCredit"></a><ul><li class="clearfix"><a href="/stats/ecb_statistics/anacredit/questions/html/index.de.html">AnaCredit: Fragen und Antworten</a></li></ul></li><li class="clearfix"><a href="/stats/ecb_statistics/consultations/html/index.de.html">Öffentliche Konsultationen</a></li><li class="clearfix"><a href="/stats/ecb_statistics/dialogue/html/index.de.html">Banking Industry Dialogue zu ESZB-Statistiken und integrierter Berichterstattung</a></li><li class="clearfix"><a href="/stats/ecb_statistics/sdmx/html/index.de.html">SDMX – Modell zum Austausch statistischer Daten</a></li><li class="clearfix"><a href="/stats/ecb_statistics/inexda/html/index.de.html">INEXDA – Netzwerk granularer Daten</a></li></ul></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="/euro/html/index.de.html">Der Euro</a><a href="#" class="subpages" title="toggle subpages for Der Euro"></a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"><div class="item"> <div class="title">Der Euro</div> <p>Das Wichtigste über unsere gemeinsame Währung</p><a href="/euro/html/index.en.html">Der Euro – ein Überblick</a><hr> <div class="nav-title">Direktzugriff</div> <ul> <li><a href="/paym/cashprof/html/index.en.html">Personen, die mit Bargeld arbeiten</a></li> <li><a href="/stats/policy_and_exchange_rates/banknotes+coins/html/index.en.html">Statistiken zu Banknoten und Münzen</a></li> <li><a href="/stats/policy_and_exchange_rates/euro_reference_exchange_rates/html/index.en.html">Euro-Wechselkurse</a></li> </ul> </div><a href="/euro/digital_euro/progress/html/index.en.html" class="item image"> <img src="/euro/digital_euro/shared/img/Digital Euro_Website_Homepage-Box-eurosign_1000x750.jpg" width="357" height="179" loading="lazy" style="object-fit:cover"><div class="image-caption">Erster Fortschrittsbericht zur Vorbereitungsphase des digitalen Euro</div> <div class="image-date">24. Juni 2024</div></a></div></div><ul><li class="has-subpages"><a href="/euro/digital_euro/html/index.de.html">Digitaler Euro</a><a href="#" class="subpages" title="toggle subpages for Digitaler Euro"></a><ul><li class="has-subpages"><a href="/euro/digital_euro/features/html/index.de.html">Merkmale</a><a href="#" class="subpages" title="toggle subpages for Merkmale"></a><ul><li class="clearfix"><a href="/euro/digital_euro/features/privacy/html/index.de.html">Digital euro and privacy</a></li></ul></li><li class="clearfix"><a href="/euro/digital_euro/how-it-works/html/index.de.html">Wie ein digitaler Euro funktioniert</a></li><li class="clearfix"><a href="/euro/digital_euro/why-we-need-it/html/index.de.html">Warum wir einen digitalen Euro brauchen</a></li><li class="clearfix"><a href="/euro/digital_euro/progress/html/index.de.html">Zeitplan und Fortschritte</a></li><li class="has-subpages"><a href="/euro/digital_euro/timeline/html/index.de.html">Ausführliche Informationen</a><a href="#" class="subpages" title="toggle subpages for Ausführliche Informationen"></a><ul><li class="clearfix"><a href="/euro/digital_euro/timeline/stakeholder/html/index.de.html">Governance und Einbindung von Akteuren</a></li><li class="clearfix"><a href="/euro/digital_euro/timeline/profuse/html/index.de.html">Technische Dokumentation und Forschungsarbeit</a></li><li class="clearfix"><a href="/euro/digital_euro/timeline/rulebook/html/index.de.html">Regelwerk für das System</a></li></ul></li><li class="clearfix"><a href="/euro/digital_euro/faqs/html/index.de.html">Häufig gestellte Fragen</a></li></ul></li><li class="clearfix"><span>Bargeld</span></li><li class="has-subpages"><a href="/euro/cash_strategy/html/index.de.html">Bargeldstrategie des Eurosystems</a><a href="#" class="subpages" title="toggle subpages for Bargeldstrategie des Eurosystems"></a><ul><li class="clearfix"><a href="/euro/cash_strategy/cash_role/html/index.de.html">Rolle des Bargelds</a></li><li class="clearfix"><a href="/euro/cash_strategy/issuance/html/index.de.html">Ausgabe und Umlauf</a></li><li class="clearfix"><a href="/euro/cash_strategy/acceptance-cash/html/index.de.html">Zugang zu Bargeld und seine Akzeptanz</a></li><li class="clearfix"><a href="/euro/cash_strategy/faqs/html/index.de.html">Häufig gestellte Fragen</a></li></ul></li><li class="has-subpages"><a href="/euro/banknotes/html/index.de.html">Banknoten</a><a href="#" class="subpages" title="toggle subpages for Banknoten"></a><ul><li class="has-subpages"><a href="/euro/banknotes/future_banknotes/html/index.de.html">Künftige Banknoten</a><a href="#" class="subpages" title="toggle subpages for Künftige Banknoten"></a><ul><li class="clearfix"><a href="/euro/banknotes/future_banknotes/redesign/html/index.de.html">Neugestaltungsprozess</a></li></ul></li><li class="has-subpages"><a href="/euro/banknotes/current/html/index.de.html">Aktuelle Banknoten</a><a href="#" class="subpages" title="toggle subpages for Aktuelle Banknoten"></a><ul><li class="clearfix"><a href="/euro/banknotes/current/denominations/html/index.de.html">Stückelungen</a></li><li class="clearfix"><a href="/euro/banknotes/current/design/html/index.de.html">Gestaltungselemente</a></li><li class="clearfix"><a href="/euro/banknotes/current/security/html/index.de.html">Sicherheitsmerkmale</a></li></ul></li><li class="clearfix"><a href="/euro/banknotes/ac/html/index.de.html">Falschgeldbekämpfung</a></li><li class="clearfix"><a href="/euro/banknotes/production/html/index.de.html">Banknotenherstellung und Banknotenreserven</a></li><li class="clearfix"><a href="/euro/banknotes/damaged/html/index.de.html">Beschädigte und verfärbte Banknoten</a></li><li class="has-subpages"><a href="/euro/banknotes/environmental/html/index.de.html">Umwelt, Gesundheit und Sicherheit</a><a href="#" class="subpages" title="toggle subpages for Umwelt, Gesundheit und Sicherheit"></a><ul><li class="clearfix"><a href="/euro/banknotes/environmental/pef/html/index.de.html">Umweltfußabdruck von Banknoten</a></li></ul></li><li class="clearfix"><a href="/euro/banknotes/research/html/index.de.html">Forschung und Entwicklung</a></li><li class="clearfix"><a href="/euro/banknotes/images/html/index.de.html">Abbildungen und 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href="/euro/coins/common/html/index.de.html">Gemeinsame Seiten</a></li><li class="clearfix"><a href="/euro/coins/comm/html/index.de.html">2-€-Gedenkmünzen</a></li><li class="clearfix"><a href="/euro/coins/security/html/index.de.html">Sicherheitsmerkmale</a></li><li class="clearfix"><a href="/euro/coins/collect/html/index.de.html">Sammlermünzen</a></li></ul></li><li class="has-subpages"><a href="/euro/changeover/html/index.de.html">Euro-Bargeldumstellungen</a><a href="#" class="subpages" title="toggle subpages for Euro-Bargeldumstellungen"></a><ul><li class="clearfix"><a href="/euro/changeover/croatia/html/index.de.html">Kroatien (2023)</a></li><li class="clearfix"><a href="/euro/changeover/lithuania/html/index.de.html">Litauen (2015)</a></li><li class="clearfix"><a href="/euro/changeover/latvia/html/index.de.html">Lettland (2014)</a></li><li class="clearfix"><a href="/euro/changeover/estonia/html/index.de.html">Estland (2011)</a></li><li class="clearfix"><a href="/euro/changeover/slovakia/html/index.de.html">Slowakei (2009)</a></li><li class="clearfix"><a href="/euro/changeover/cyprus/html/index.de.html">Zypern (2008)</a></li><li class="clearfix"><a href="/euro/changeover/malta/html/index.de.html">Malta (2008)</a></li><li class="clearfix"><a href="/euro/changeover/slovenia/html/index.de.html">Slowenien (2007)</a></li><li class="clearfix"><a href="/euro/changeover/2002/html/index.de.html">Erste Euro-Bargeldumstellung (2002)</a></li></ul></li><li class="has-subpages"><a href="/euro/exchange/html/index.de.html">Umtausch von nationalem Bargeld</a><a href="#" class="subpages" title="toggle subpages for Umtausch von nationalem Bargeld"></a><ul><li class="clearfix"><a href="/euro/exchange/au/html/index.de.html">Österreich</a></li><li class="clearfix"><a href="/euro/exchange/be/html/index.de.html">Belgien</a></li><li class="clearfix"><a href="/euro/exchange/hr/html/index.de.html">Kroatien</a></li><li class="clearfix"><a href="/euro/exchange/cy/html/index.de.html">Zypern</a></li><li class="clearfix"><a href="/euro/exchange/et/html/index.de.html">Estland</a></li><li class="clearfix"><a href="/euro/exchange/fi/html/index.de.html">Finnland</a></li><li class="clearfix"><a href="/euro/exchange/fr/html/index.de.html">Frankreich</a></li><li class="clearfix"><a href="/euro/exchange/de/html/index.de.html">Deutschland</a></li><li class="clearfix"><a href="/euro/exchange/gr/html/index.de.html">Griechenland</a></li><li class="clearfix"><a href="/euro/exchange/ir/html/index.de.html">Irland</a></li><li class="clearfix"><a href="/euro/exchange/it/html/index.de.html">Italien</a></li><li class="clearfix"><a href="/euro/exchange/lv/html/index.de.html">Lettland</a></li><li class="clearfix"><a href="/euro/exchange/lt/html/index.de.html">Litauen</a></li><li class="clearfix"><a href="/euro/exchange/lu/html/index.de.html">Luxemburg</a></li><li class="clearfix"><a href="/euro/exchange/mt/html/index.de.html">Malta</a></li><li class="clearfix"><a href="/euro/exchange/nl/html/index.de.html">Niederlande</a></li><li class="clearfix"><a href="/euro/exchange/pt/html/index.de.html">Portugal</a></li><li class="clearfix"><a href="/euro/exchange/slovakia/html/index.de.html">Slowakei</a></li><li class="clearfix"><a href="/euro/exchange/sl/html/index.de.html">Slowenien</a></li><li class="clearfix"><a href="/euro/exchange/es/html/index.de.html">Spanien</a></li></ul></li><li class="clearfix"><a href="/euro/visually/html/index.de.html">Für Menschen mit Sehbehinderung</a></li></ul></div></li><li class="has-subpages" aria-expanded="false"><a href="/pub/html/index.de.html">Forschung</a><a href="#" class="subpages" title="toggle subpages for Forschung"></a><div class="nav-first-level-wrap"><div class="nav-featured-wrap"><div class="nav-featured"><div class="item"> <div class="title">Forschung</div> <p>Ausführliche Studien und Expertenanalysen zu verschiedenen Themen und Bereichen</p><a href="/pub/html/index.en.html">Forschung 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location.pathname+((document.location.search.search(/\?youtubeID=[a-zA-Z0-9_-]+$/)!=-1&&document.location.search)||''),'_blank','width=600,height=400,menubar=no')" title="Share on LinkedIn"></a></li> <li class="-email"><a href="javascript:window.open('mailto:?subject=I would like to share this link with you&body=Link to the website of the European Central Bank: '+location.protocol + '//' + location.host + location.pathname+((document.location.search.search(/\?youtubeID=[a-zA-Z0-9_-]+$/)!=-1&&document.location.search)||''))" title="Share by Email"></a></li> </ul> </div> </aside> <main > <div class="toBeUpdated" id="language-not-available">Nicht auf Deutsch verfügbar.</div> <div class="title"> <h1>Single Euro Payments Area (SEPA)</h1> </div> <div class="section"> <p>Thanks to the Single Euro Payments Area (SEPA), customers can make cashless euro payments – via credit transfer and direct debit – to anywhere in the European Union, as well as a number of non-EU countries, in a fast, safe and efficient way, just like national payments. SEPA was introduced for credit transfers in 2008, followed by direct debits in 2009, and fully implemented by 2014 in the euro area (and by 2016 in non-euro area SEPA countries).</p> <p class="">The payment integration triggered by SEPA has contributed to the efficiency and competitiveness of the European economy as a whole by eliminating differences between national and cross-border payments by harmonising standards in all the participating countries. The legal framework for SEPA – which the ECB helped to draw up in close cooperation with the European Commission – is based mainly on the <a href="https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A32021R1230&qid=1689244300028">Cross-border payments Regulation</a>, the <a href="https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX%3A02015L2366-20151223">Payment Services Directive (PSD/PSD2)</a>, the <a href="https://eur-lex.europa.eu/legal-content/EN/TXT/?uri=celex:32014R0248">SEPA migration end-date Regulation</a>, and the <a href="http://eur-lex.europa.eu/legal-content/EN/TXT/?uri=CELEX:32015R0751">Interchange Fee Regulation</a>. </p> <p>SEPA was launched by the European banking and payments industry with the support of national governments, the European Commission, the Eurosystem, and other public authorities. As SEPA not only harmonised the way non-cash euro payments are conducted, but also completed the introduction of the euro as the single currency, the Eurosystem had a very strong interest in the success of the SEPA project. </p> <h2>Participation</h2> <p>The SEPA region consists of 36 European countries, including several countries which are not part of the euro area or the European Union (status: 2 January 2023). </p> </div> <div class="jumbo-box -no-space-below -top-arrow"> <div class="upper"> <div class="content-box"> <h3>Interactive map of countries in the Single Euro Payments Area (SEPA)</h3> </div> </div> <div class="lower"> <div class="ecb-map" data-map-type="default" data-map-file-type="json" data-map-areas="mapAreas" data-map-settings="mapSettings"> <div class="ecb-map-main"> <div class="ecb-map-legend" id="ecb-map-legend"></div> <div class="ecb-map-wrapper"> <div class="ecb-map-content" id="map"> </div> <div class="ecb-map-controls"> <button id="btn-zoomIn"><span class="ecb-map-zoomIn plus"></span></button> <button id="btn-zoomOut"><span class="ecb-map-zoomOut icon -minus"></span></button> </div> </div> </div> <div class="ecb-map-info"> <div class="ecb-map-info-data" data-map-info-id="default"> <h3>Please select a country</h3> </div> <div class="ecb-map-info-data" data-map-info-id="AU"> <h3>Austria</h3> <h4>EU member using the euro</h4> <img src="/euro/shared/img/eu_flag_big.png"> <p>EU member since 1995</p> <img src="/euro/shared/img/euro_big.png"> <p>Euro since 1999 (cash since 2002)</p> </div> <div class="ecb-map-info-data" data-map-info-id="BE"> <h3>Belgium</h3> <h4>EU member using the euro</h4> <img src="/euro/shared/img/eu_flag_big.png"> <p>EU founding member in 1957</p> <img src="/euro/shared/img/euro_big.png"> <p>Euro since 1999 (cash since 2002)</p> </div> <div class="ecb-map-info-data" data-map-info-id="BG"> <h3>Bulgaria</h3> <h4>EU member not using the euro</h4> <img src="/euro/shared/img/eu_flag_big.png"> <p>EU member since 2007</p> </div> <div class="ecb-map-info-data" data-map-info-id="CY"> <h3>Cyprus</h3> <h4>EU member using the euro</h4> <img src="/euro/shared/img/eu_flag_big.png"> <p>EU member since 2004</p> <img src="/euro/shared/img/euro_big.png"> <p>Euro since 2008</p> </div> <div class="ecb-map-info-data" data-map-info-id="CZ"> <h3>Czech Republic</h3> <h4>EU member not using the euro</h4> <img src="/euro/shared/img/eu_flag_big.png"> <p>EU member since 2004</p> </div> <div class="ecb-map-info-data" data-map-info-id="DE"> <h3>Germany</h3> <h4>EU member using the euro</h4> <img src="/euro/shared/img/eu_flag_big.png"> <p>EU founding member in 1957</p> <img src="/euro/shared/img/euro_big.png"> <p>Euro since 1999 (cash since 2002)</p> </div> <div class="ecb-map-info-data" data-map-info-id="DK"> <h3>Denmark</h3> <h4>EU member not using the euro</h4> <img src="/euro/shared/img/eu_flag_big.png"> <p>EU member since 1973</p> </div> <div class="ecb-map-info-data" data-map-info-id="EE"> <h3>Estonia</h3> <h4>EU member using the euro</h4> <img src="/euro/shared/img/eu_flag_big.png"> <p>EU member since 2004</p> <img src="/euro/shared/img/euro_big.png"> <p>Euro since 2011</p> </div> <div class="ecb-map-info-data" data-map-info-id="ES"> <h3>Spain</h3> <h4>EU member using the euro</h4> <img src="/euro/shared/img/eu_flag_big.png"> <p>EU member since 1986</p> <img src="/euro/shared/img/euro_big.png"> <p>Euro since 1999 (cash since 2002)</p> </div> <div class="ecb-map-info-data" data-map-info-id="FI"> <h3>Finland</h3> <h4>EU member using the euro</h4> <img src="/euro/shared/img/eu_flag_big.png"> <p>EU member since 1995</p> <img src="/euro/shared/img/euro_big.png"> <p>Euro since 1999 (cash since 2002)</p> </div> <div class="ecb-map-info-data" data-map-info-id="FR"> <h3>France</h3> <h4>EU member using the euro</h4> <img src="/euro/shared/img/eu_flag_big.png"> <p>EU founding member in 1957</p> <img src="/euro/shared/img/euro_big.png"> <p>Euro since 1999 (cash since 2002)</p> </div> <div class="ecb-map-info-data" data-map-info-id="GR"> <h3>Greece</h3> <h4>EU member using the euro</h4> <img src="/euro/shared/img/eu_flag_big.png"> <p>EU member since 1981</p> <img src="/euro/shared/img/euro_big.png"> <p>Euro since 2001 (cash since 2002)</p> </div> <div class="ecb-map-info-data" data-map-info-id="HR"> <h3>Croatia</h3> <h4>EU member using the euro</h4> <img src="/euro/shared/img/eu_flag_big.png"> <p>EU member since 2013</p> <img src="/euro/shared/img/euro_big.png"> <p>Euro since 2023</p> </div> <div class="ecb-map-info-data" data-map-info-id="HU"> <h3>Hungary</h3> <h4>EU member not using the euro</h4> <img src="/euro/shared/img/eu_flag_big.png"> <p>EU member since 2004</p> </div> <div class="ecb-map-info-data" data-map-info-id="IE"> <h3>Ireland</h3> <h4>EU member using the euro</h4> <img src="/euro/shared/img/eu_flag_big.png"> <p>EU member since 1973</p> <img src="/euro/shared/img/euro_big.png"> <p>Euro since 1999 (cash since 2002)</p> </div> <div class="ecb-map-info-data" data-map-info-id="IT"> <h3>Italy</h3> <h4>EU member using the euro</h4> <img src="/euro/shared/img/eu_flag_big.png"> <p>EU founding member in 1957</p> <img src="/euro/shared/img/euro_big.png"> <p>Euro since 1999 (cash since 2002)</p> </div> <div class="ecb-map-info-data" data-map-info-id="LT"> <h3>Lithuania</h3> <h4>EU member using the euro</h4> <img src="/euro/shared/img/eu_flag_big.png"> <p>EU member since 2004</p> <img src="/euro/shared/img/euro_big.png"> <p>Euro since 2015</p> </div> <div class="ecb-map-info-data" data-map-info-id="LU"> <h3>Luxembourg</h3> <h4>EU member using the euro</h4> <img src="/euro/shared/img/eu_flag_big.png"> <p>EU founding member in 1957</p> <img src="/euro/shared/img/euro_big.png"> <p>Euro since 1999 (cash since 2002)</p> </div> <div class="ecb-map-info-data" data-map-info-id="LV"> <h3>Latvia</h3> <h4>EU member using the euro</h4> <img src="/euro/shared/img/eu_flag_big.png"> <p>EU member since 2004</p> <img src="/euro/shared/img/euro_big.png"> <p>Euro since 2014</p> </div> <div class="ecb-map-info-data" data-map-info-id="MC"> <h3>Monaco</h3> <h4>Non-EU country</h4> </div> <div class="ecb-map-info-data" data-map-info-id="MT"> <h3>Malta</h3> <h4>EU member using the euro</h4> <img src="/euro/shared/img/eu_flag_big.png"> <p>EU member since 2004</p> <img src="/euro/shared/img/euro_big.png"> <p>Euro since 2008</p> </div> <div class="ecb-map-info-data" data-map-info-id="NL"> <h3>The Netherlands</h3> <h4>EU member using the euro</h4> <img src="/euro/shared/img/eu_flag_big.png"> <p>EU founding member in 1957</p> <img src="/euro/shared/img/euro_big.png"> <p>Euro since 1999 (cash since 2002)</p> </div> <div class="ecb-map-info-data" data-map-info-id="PL"> <h3>Poland</h3> <h4>EU member not using the euro</h4> <img src="/euro/shared/img/eu_flag_big.png"> <p>EU member since 2004</p> </div> <div class="ecb-map-info-data" data-map-info-id="PT"> <h3>Portugal</h3> <h4>EU member using the euro</h4> <img src="/euro/shared/img/eu_flag_big.png"> <p>EU member since 1986</p> <img src="/euro/shared/img/euro_big.png"> <p>Euro since 1999 (cash since 2002)</p> </div> <div class="ecb-map-info-data" data-map-info-id="RO"> <h3>Romania</h3> <h4>EU member not using the euro</h4> <img src="/euro/shared/img/eu_flag_big.png"> <p>EU member since 2007</p> </div> <div class="ecb-map-info-data" data-map-info-id="SE"> <h3>Sweden</h3> <h4>EU member not using the euro</h4> <img src="/euro/shared/img/eu_flag_big.png"> <p>EU member since 1995</p> </div> <div class="ecb-map-info-data" data-map-info-id="SI"> <h3>Slovenia</h3> <h4>EU member using the euro</h4> <img src="/euro/shared/img/eu_flag_big.png"> <p>EU member since 2004</p> <img src="/euro/shared/img/euro_big.png"> <p>Euro since 2007</p> </div> <div class="ecb-map-info-data" data-map-info-id="SK"> <h3>Slovakia</h3> <h4>EU member using the euro</h4> <img src="/euro/shared/img/eu_flag_big.png"> <p>EU member since 2004</p> <img src="/euro/shared/img/euro_big.png"> <p>Euro since 2009</p> </div> <div class="ecb-map-info-data" data-map-info-id="SM"> <h3>San Marino</h3> <h4>Non-EU country</h4> </div> </div> </div> </div> </div> <div class="section"> <p>In addition to the highlighted countries; Andorra, Liechtenstein, Monaco, San Marino, the Vatican City State / Holy See are also part of SEPA.</p> <h2>Facts & figures</h2> </div> <div class="table"> <div class="wrapper"> <table> <tbody> <tr> <th>Name</th> <td>Single Euro Payments Area</td> </tr> <tr> <th>Implementation year</th> <td>2014 for euro area countries 2016 for non-euro area SEPA countries</td> </tr> <tr> <th>Currency</th> <td>Euro</td> </tr> <tr> <th>Cashless payment instruments </th> <td>Credit transfer, direct debit</td> </tr> <tr> <th>Speed of processing</th> <td>No longer than one business day for electronic payment orders; two business days for paper-based payment orders</td> </tr> <tr> <th>SEPA area</th> <td>36 countries (includes some non-euro area and non-EU countries) (status: 1 March 2019)</td> </tr> <tr> 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