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 2020

The TARGET2 system is closed on Saturdays and Sundays and on the following holidays in 2020:

  • January 1 – New Year’s Day
  • April 10 – Good Friday
  • April 13 – Easter Monday
  • May 1 – Labor Day
  • December 25 – Christmas Day

The OeNB’s Treasury Department and Payment Systems Division will handle TARGET2 transactions on the following bank holidays in 2020:

  • January 6 – Epiphany Day
  • May 21 – Ascension Day
  • June 1 – White Monday
  • June 11 – Corpus Christi Day
  • October 26 – National 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.