Eurosystem to Reassess TARGET Services Timeline Following Swift Extension

The Eurosystem has decided to reassess the planned November 2026 TARGET Services releases following Swift’s announcement on 27 August 2026 to extend the timeline for Standards Release 2026. This decision comes in response to the industry’s request for additional time to prepare for the changes. The Eurosystem is exploring options to proceed with the original November 2026 release plan while postponing the discontinuation of unstructured postal addresses. Measures will be taken to mitigate potential impacts of Swift’s decision on market participants. The Eurosystem will communicate its final decision on the timeline for the November 2026 TARGET Services releases as soon as possible.

© European Central Bank, 2025.
Summary derived from the ECB website (https://www.ecb.europa.eu ).

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