TARGET2: Difference between revisions
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Strictly speaking it is not itself a funds transfer system, rather it links existing national payment systems. | Strictly speaking it is not itself a funds transfer system, rather it links existing national payment systems. | ||
This payment system | This payment system replaced TARGET. | ||
Revision as of 16:54, 15 November 2017
TARGET2 (Trans-European Automated Real-time Gross settlement Express Transfer system) is an interbank payment system for the real-time processing of cross-border transfers throughout the EU.
Strictly speaking it is not itself a funds transfer system, rather it links existing national payment systems.
This payment system replaced TARGET.
