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On 14 December 2000, the Governing Council of the European Central Bank (ECB) has decided that, from 2002 until further notice, the Trans-European Automated Real-time Gross settlement Express Transfer (TARGET) system will be closed, in addition to Saturdays and Sundays, on the following days:
  • New Year's Day
  • Good Friday (Catholic/Protestant)
  • Easter Monday (Catholic/Protestant)
  • 1 May (Labour Day)
  • Christmas Day
  • 26 December

For further information, please visit the Website of the ECB.



EONIA® Governance Framework


As a critical benchmark administrator, the European Money Markets Institute (EMMI) has defined and implements robust governance and control arrangements to ensure EONIA®'s integrity and reliability.

EMMI has adopted a Governance Framework to establish the requirements and principles related to the provision of theEONIA® benchmark. The EONIA® Governance Framework consists of the following components:


The EONIA® Governance Framework is supported by a set of policies and procedures covering all aspects of the provision of the benchmark.


Related Documentation: