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NUG-PT is the Portuguese TARGET2-Securities (T2S) user group, established in July 2007.

It is chaired by Banco de Portugal and comprises representatives of: 

  • Interbolsa
  • Portuguese Securities Market Commission
  • The Portuguese Banking Association
  • LCH.Clearnet, SA
  • Caixa Geral de Depósitos, SA
  • Banco Comercial Português, SA
  • Banco Santander Totta, SA
  • Novo Banco, SA
  • Banco Português De Investimento, SA
  • BNP Paribas
  • Deutsche Bank Aktiengesellschaft
  • Citibank Europe PLC – Sucursal em Portugal
  • SIBS Forward Payment Solutions, S.A


The agenda and summary for each meeting held by NUG-PT are available in Related pages.

Other matters relating to T2S are available for consultation on the website of the European Central Bank.