TARGET2: Difference between revisions
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imported>Doug Williamson (Mend link.) |
imported>Doug Williamson (Add detail on replacement of TARGET.) |
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''Funds transfer.'' | |||
(T2). | |||
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. | 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. | ||
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TARGET2 is the successor to the earlier TARGET payment system. | |||
TARGET2 replaced TARGET in 2008. | |||
== See also == | == See also == | ||
* [[Gross settlement system]] | * [[Gross settlement system]] | ||
* [[ISO 20022]] | * [[ISO 20022]] | ||
* [[Payments and payment systems]] | * [[Payments and payment systems]] | ||
* [[TARGET Instant Payments Settlement]] | * [[TARGET Instant Payments Settlement]] | ||
* [[Trans-European automated real-time gross settlement express transfer]] | |||
[[Category:Cash_management]] | [[Category:Cash_management]] | ||
Revision as of 15:21, 1 December 2021
Funds transfer.
(T2).
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.
TARGET2 is the successor to the earlier TARGET payment system.
TARGET2 replaced TARGET in 2008.
