30/09/2025 (Agence Europe) – A decision by the European Central Bank (ECB) amending the operating procedures of the TARGET Instant Payment Settlement (TIPS) Service was published on Tuesday 30 September in the Official Journal of the EU. The text introduces the possibility of processing instant cross-currency transfers via the so-called ‘one-leg out’ (‘OLO’) facility, enabling payments to be sent and received between the euro and other compatible monetary systems. The decision...