TARGET closing days 2031
The 6 days TARGET is closed in 2031, plus every Saturday and Sunday. On these days no SEPA interbank settlement takes place.
TARGET closing days 2031
The 6 days TARGET is closed in 2031, plus every Saturday and Sunday. On these days no SEPA interbank settlement takes place.
| Date | Day | Closing day |
|---|---|---|
| Wednesday | New Year's Day | |
| Friday | Good Friday | |
| Monday | Easter Monday | |
| Thursday | Labour Day (1 May) | |
| Thursday | Christmas Day | |
| Friday | 26 December |
Good Friday and Easter Monday derive from Gregorian Easter, which falls on April 13, 2031 in 2031.
Three things that are widely got wrong
- National bank holidays are NOT TARGET closing days. TARGET is a European system and ignores national calendars: it is open on 15 August, on 3 October and on 14 July. Only the six days above close it.
- Easter is the Gregorian one. The ECB writes "Good Friday (Catholic/Protestant)", and that parenthesis is not decorative: it excludes Orthodox Easter, which can fall up to five weeks apart. Greece and Cyprus observe the Orthodox date nationally; TARGET does not.
- An Inter-PSP Business Day is not a Banking Business Day. This calendar defines the first: the day interbank settlement happens, which is what a direct debit due date runs on. The second — "a day on which PSPs in the relevant jurisdiction are generally open for business with customers" — varies by country and by bank, is what a credit transfer executes on, and cannot be derived from this calendar.
Source
The European Central Bank publishes the rule — six named days, applicable since 2002 — but not a machine-readable list of the resulting dates. The dates below are computed from that rule and are therefore derived information, not an ECB publication. Source: European Central Bank.
“New Year's Day, Good Friday (Catholic/Protestant), Easter Monday (Catholic/Protestant), 1 May (Labour Day), Christmas Day and 26 December”
Open data
The same calendar as JSON, under CC BY 4.0, with the provenance block travelling in every payload.