Single Euro Payments Area

Dáil Éireann Debate, Tuesday - 28 April 2015

Tuesday, 28 April 2015

Questions (110)

Michael McGrath

Question:

110. Deputy Michael McGrath asked the Tánaiste and Minister for Social Protection the implications for serving and retired public servants, under the aegis of her Department, of the single euro payments area payments clearing and settlement system being closed on 1 May 2015; if arrangements are being made to ensure that persons receive their entitlements on the due date; and if she will make a statement on the matter. [17197/15]

Written answers

Tánaiste and Minister for Social Protection

The European Banking Association clearing system and the Target Settlement system are closed on Friday 1 May. This means that no payments with a value date for Friday 1 May can be made through that system to Euro area bank accounts. In view of this, staff salary payments due on Friday 1 May have been brought forward to Thursday 30 April.