TARGET closing days and reserve maintenance periods

The ECB has defined holidays as TARGET closing days and has determined on which Austrian bank holidays TARGET2 operates. Transactions are handled by the OeNB’s Treasury Department and Payment Systems Division.

TARGET closing days in 2021

The TARGET2 system is closed on Saturdays and Sundays and on the following holidays in 2021:

  • January 1 – New Year’s Day
  • April 2 – Good Friday
  • April 5 – Easter Monday
  • May 1 – Labor Day (Saturday)
  • December 25 – Christmas Day (Saturday)
  • December 26 – St. Stephen's Day (Sunday)

The OeNB’s Treasury Department and Payment Systems Division will handle TARGET2 transactions on the following bank holidays in 2021:

  • January 6 – Epiphany Day
  • May 13 – Ascension Day
  • May 24 – White Monday
  • June 3 – Corpus Christi Day
  • August 15 – Assumption Day (Sunday)
  • October 26 – National Day
  • November 1 – All Saints' Day
  • December 8 – Immaculate Conception

Reserve maintenance periods

You may access all relevant information and documents on the minimum reserve and reserve maintenance periods (German only) among the OeNB’s information products and services here.