Decision of the National Bank of Slovakia No. 5/2026 of 8 June 2026 amending and supplementing Decision No. 10/2022 on the new generation of the Trans-European Automated Real-time Gross settlement Express Transfer System (TARGET-SK)

Issue 19/2026 NBS Gazette – NBS Decision No. 5/2026 1 _________________________________________________________________________________________ 5/2026 Decision of the National Bank of Slovakia of 8 June 2026, amending and supplementing Decision No. 10/2022 of the National Bank of Slovakia on the new generation of the Trans-European Automated Real-time Gross Settlement Express Transfer System (TARGET-SK) in the wording of subsequent regulations

The National Bank of Slovakia, pursuant to Section 6(2)(g) of Act No. 566/1992 Coll. on the National Bank of Slovakia, as amended, and pursuant to Section 45(1) of Act No. 492/2009 Coll. on Payment Services and on Amending and Supplementing Certain Laws, has decided:

Article I
Decision No. 10/2022 of the National Bank of Slovakia of 20 June 2022 on the new generation of the Trans-European Automated Real-time Gross Settlement Express Transfer System (TARGET-SK), as amended by NBS Decision No. 15/2022, NBS Decision No. 9/2023, NBS Decision No. 6/2024, and NBS Decision No. 6/2025, is amended and supplemented as follows:

In Section 2(16), after the word “storno”, the comma and the words “príkazom na úhradu TIPS OLO” are deleted.
In Section 2, a new paragraph 28 is inserted after paragraph 27, which reads:
“(28) The OCT Inst system is understood as an open standards system that establishes a set of interbank rules, standards, and procedures to be observed by OCT Inst system participants and which enables payment service providers in SEPA to achieve interoperability in securing and executing that part of the international instant payment order that takes place in euros.” Paragraphs 28 to 67 currently in force are designated as paragraphs 29 to 68.
In Section 2(32), the words “alebo systémom OCT Inst” are inserted after the words “SCT Inst”.
In Section 2(33), the words “alebo príkazy na úhradu TIPS OLO” are deleted, and the words “príkazy na okamžitú platbu, príkazy na prevod likvidity” are replaced by the words “príkazy na okamžitú platbu alebo príkazy na prevod likvidity”.
In Section 2(41), the words “v rámci dodatočných voliteľných služieb schémy SEPA Credit Transfer Additional Optional Services” are deleted, and the words “schémou SEPA One-Leg Out Instant Credit Transfer Európskej platobnej rady” are replaced by the words “systémom OCT Inst”.
In Section 2(47), after the word “platbu”, the comma and the words “príkazom na úhradu TIPS OLO” are deleted.
In Section 2(54)(a), the words “účte alebo RTGS DCA účte” are replaced by the words “účte, RTGS DCA účte alebo TIPS DCA účte”.
In Section 2, paragraph 68 is deleted.
In Section 4(2), the words “ktorých uplatňovanie podľa Národnej banky Slovenska nie je zlučiteľné s plynulým fungovaním TARGET, o čom Národná banka Slovenska informuje ECB” are replaced by the words “ktorých uplatňovanie má za následok pozastavenie alebo uloženie obmedzení prevodov alebo platieb v prospech takéhoto subjektu alebo od takéhoto subjektu podobne ako pozastavenie účasti alebo uloženie obmedzení pri konkurznom konaní”.
In Section 5(1)(f), after the word “SEPA”, the words “a ak to prichádza do úvahy aj systém OCT Inst podpísaním dohody o uplatňovaní systému OCT Inst” are inserted.
In Section 5(1)(g), after the words “SCT Inst”, the words “a ak to prichádza do úvahy aj zámer žiadateľa stať sa mechanizmom pre zúčtovanie a vyrovnanie v súlade so systémom OCT Inst” are inserted.
In Section 5(2)(c), the letter c) reads:
“c) proof that it has acceded to the application of SCT Inst rules by signing an agreement on the application of the SEPA Instant Credit Transfer system and, if applicable, proof that it has acceded to the application of the OCT Inst system by signing an agreement on the application of the OCT Inst system, if it is an applicant for opening a TIPS DCA account,”.
In Section 5(2)(d), after the words “SCT Inst”, the words “a ak to prichádza do úvahy aj zámer žiadateľa stať sa mechanizmom pre zúčtovanie a vyrovnanie v súlade so systémom OCT Inst” are inserted.
In Section 11(9), the words “§ 2 ods. 29” are replaced by the words “§ 2 ods. 30”.
In Section 15(2), the words “MCA účtov alebo RTGS DCA účtov” are replaced by the words “MCA účtov, RTGS DCA účtov alebo TIPS DCA účtov”.
In Section 18(1)(b), the words “a príkazov na úhradu TIPS OLO” are deleted.
In Section 32(4), after the words “RTGS DCA účtoch”, a comma and the words “TIPS DCA účtoch” are inserted, and after the words “RTGS DCA účtu”, a comma and the words “TIPS DCA účtu” are inserted.
In the footnote to reference 27, the citation “§ 32 až 52 rozhodnutia NBS č. 2/2015” is replaced by the citation “Rozhodnutie NBS č. 3/2025 z 9. mája 2025 o riadení zábezpeky v úverových operáciách Eurosystému v Slovenskej republike”.
The footnote to reference 27a reads:
“27a) § 8 ods. 3 rozhodnutia NBS č. 3/2025.”.
In Section 38(4), the words “§ 2 ods. 64” are replaced by the words “§ 2 ods. 65”.
In Section 71, paragraph 3 reads:
“(3) The holder of a TIPS DCA account shall notify the National Bank of Slovakia in advance of the use of the option to receive instant payment orders in accordance with the OCT Inst system.”
In Section 73(1), the words “úhradu TIPS OLO” are replaced by the words “okamžitú platbu v súlade so systémom OCT Inst”, and the following words are appended at the end: “a ak to prichádza do úvahy aj k uplatňovaniu systému OCT Inst podpísaním dohody o uplatňovaní systému OCT Inst”.
In Section 73(2), the following words are appended at the end: “a ak to prichádza do úvahy aj systém OCT Inst”.
In Section 73(3), after the words “SCT Inst”, the words “alebo systém OCT Inst” are inserted.
In Section 74, the designation of paragraph 1 is deleted, and letter f) is deleted.
In Section 76, paragraph 3 reads:
“(3) Upon receipt of an instant payment order under Section 17 of TARGET-SK, it shall check whether sufficient funds are available on the payer’s TIPS DCA account to execute the settlement. If sufficient funds a) are not available, the instant payment order shall be rejected, b) are available, the corresponding amount shall be reserved pending the response of the payment recipient; in the event of acceptance of the instant payment order by the payment recipient, the instant payment order shall be settled and the reservation of the corresponding amount shall be automatically released; in the event of rejection of the instant payment order by the payment recipient or in the event of failure to provide a timely response in accordance with the SCT Inst system or the OCT Inst system, the instant payment order shall be rejected and the reservation of the corresponding amount shall be automatically released.”
In Section 76(5), the words “alebo príkaz na úhradu TIPS OLO” and the words “alebo suma príkazu na úhradu TIPS OLO” are deleted.
After Section 77, Section 77a is inserted, which together with its heading reads:
“Section 77a
Liquidity Transfer Orders under the Rules
(1) The holder of a TIPS DCA account may set monitoring of the lower and upper limits of the amount of funds on its TIPS DCA account.
(2) By setting the upper limit of the amount of funds and choosing a liquidity transfer order under the rules, if after the settlement of an instant payment order, a positive response to a cancellation, or a liquidity transfer order, the upper limit of the amount of funds is exceeded, the holder of the TIPS DCA account shall give an instruction to the National Bank of Slovakia to execute a liquidity transfer order under the rules, whereby the affected amount shall be credited to the MCA account designated by this holder of the TIPS DCA account. The MCA account to which the affected amount is credited may belong to another participant in TARGET-SK or in another system that is part of TARGET. (3) By setting the lower limit of the amount of funds and choosing a liquidity transfer order under the rules, if after the settlement of an instant payment order, a positive response to a cancellation, or a liquidity transfer order, the balance falls below the lower limit of the amount of funds, an instruction is entered to execute a liquidity transfer order under the rules, whereby the affected amount shall be debited to the MCA account, to the debit of which the holder of the MCA account has permitted the debit. The MCA account to which the affected amount is debited may belong to another participant in TARGET-SK or in another system that is part of TARGET. The holder of the MCA account to which the affected amount is to be debited must permit the debit to its MCA account in this manner.”
In Section 78(1), the words “príkazy na úhradu TIPS OLO” are replaced by the words “príkazy na okamžitú platbu v súlade so systémom OCT Inst”.
In Section 80(4), the words “a príkazy na úhradu TIPS OLO” are deleted.
In Section 91, paragraph 1 reads:
“(1) The National Bank of Slovakia may, upon request of an affiliated system that settles instant payments in accordance with the SCT Inst system or the OCT Inst system, or payments close to instant payment in its own accounting books, open and maintain one or more technical TIPS AS accounts. If the holder of the technical TIPS AS account uses the option to receive instant payment orders in accordance with the OCT Inst system, it shall notify the National Bank of Slovakia thereof.”
In Section 91(5) and (6), the words “príkazy na úhradu TIPS OLO” are replaced by the words “príkazy na okamžitú platbu v súlade so systémom OCT Inst”.
In Section 94, paragraph 3 reads:
“(3) Upon receipt of an instant payment order under Section 17(1) of TARGET-SK, it shall check whether sufficient funds are available on the payer’s technical TIPS AS account to execute the settlement. If sufficient funds a) are not available, the instant payment order shall be rejected, b) are available, the corresponding amount shall be reserved pending the response of the payment recipient; in the event of acceptance by the payment recipient, the instant payment order shall be settled and the reservation of the corresponding amount shall be automatically released; in the event of rejection of the instant payment order by the payment recipient or in the event of failure to provide a timely response in accordance with the SCT Inst system or the OCT Inst system, the instant payment order shall be rejected and the reservation of the corresponding amount shall be automatically released.”
In Section 94(5), the words “alebo príkazy na úhradu TIPS OLO” and the words “alebo príkazu na úhradu TIPS OLO” are deleted.
In Section 95(2), the words “alebo príkazu na úhradu TIPS OLO” are deleted.
In Section 97(1), after the word “SEPA”, the words “a ak to prichádza do úvahy aj k uplatňovaniu systému OCT Inst podpísaním dohody o uplatňovaní systému OCT Inst” are inserted.
In Section 97(2), after the words “SCT Inst”, the words “a ak to prichádza do úvahy aj systém OCT Inst” are inserted.
In Section 97, a new paragraph 4 is inserted after paragraph 3, which reads:
“(4) The holder of the technical TIPS AS account shall inform the National Bank of Slovakia if any designated available party no longer applies the OCT Inst system.”
Paragraphs 4 to 6 currently in force are designated as paragraphs 5 to 7.
In Section 98, letter d) is deleted.
In Section 101(4), the words “alebo príkazy na úhradu TIPS OLO” are deleted.
In Annex No. 1, point 4, paragraph 4 reads:
“(4) The following types of messages are processed on TIPS DCA accounts and technical TIPS AS accounts:

Message Type	Description
Payments clearing and Settlement (pacs)
	pacs.002 FIToFIPayment Status Report
	pacs.004 PaymentReturn
	pacs.008 FIToFICustomerCreditTransfer
	pacs.028 FIToFIPaymentStatusRequest
Cash Management (camt)
	camt.003 GetAccount
	camt.004 ReturnAccount
	camt.011 ModifyLimit
	camt.019 ReturnBusinessDayInformation
	camt.025 Receipt
	camt.027 ClaimNonReceipt
	camt.029 ResolutionOfInvestigation
	camt.050 LiquidityCreditTransfer
	camt.052 BankToCustomerAccountReport
	camt.053 BankToCustomerStatement
	camt.054 BankToCustomerDebitCreditNotification
	camt.056 FIToFIPaymentCancellationRequest
	acmt.010 AccountRequestAcknowledgement
	acmt.011 AccountRequestRejection
	acmt.015 AccountExcludedMandateMaintenanceRequest
	admi.004 SystemEventNotification
Reference data (reda)
	reda.016 PartyStatusAdviceV01
	reda.022 PartyModificationRequestV01
”

In Annex No. 1, point 4, paragraph 5, the words “na úhradu TIPS OLO” are replaced by the words “na okamžitú platbu v súlade so systémom OCT Inst”.
In Annex No. 1, point 6, after the words “okamžitú platbu”, the comma and the words “príkaz na úhradu TIPS OLO” are deleted.
In Annex No. 6, point 3, paragraph 1(a), the amount “150 EUR” is replaced by the amount “400 EUR”.
In Annex No. 6, point 3, paragraph 1(c) reads:
“c)
Monthly fee 5,000 EUR
Monthly volume of orders
Band From To
Transaction fee per order (EUR)
1 10,000 0.60
10,001 35,000 0.50
35,001 80,000 0.40
80,001 135,000 0.20
135,001 200,000 0.125
200,001 300,000 0.08
More than 300,000 0.05
”
In Annex No. 6, point 6(c) and point 7, paragraph 1(c), after the words “okamžitú platbu”, the comma and the words “príkaz na úhradu TIPS OLO” are deleted.

Article II
The full text of Decision No. 10/2022 of the National Bank of Slovakia of 20 June 2022 on the new generation of the Trans-European Automated Real-time Gross Settlement Express Transfer System (TARGET-SK), as resulting from the amendments and supplements made by NBS Decision No. 15/2022, NBS Decision No. 9/2023, NBS Decision No. 6/2024, NBS Decision No. 6/2025, and this Decision of the National Bank of Slovakia, shall be published in the Gazette of the National Bank of Slovakia.

Article III
This Decision of the NBS shall enter into force on 15 June 2026, except for Article I points 44 and 45, which shall enter into force on 1 July 2026, and Article I points 1 to 6, 8, 10 to 14, 16, 20 to 27, 29 to 43, and 46, which shall enter into force on 14 November 2026.

Peter Kažimír governor for Dušan Keketi vicegovernor

Issuing unit: Payment Systems Department

Decision of the National Bank of Slovakia No. 5/2026 of 8 June 2026 amending and supplementing Decision No. 10/2022 on the new generation of the Trans-European Automated Real-time Gross settlement Express Transfer System (TARGET-SK)

Lineage: Amended

Timeline

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