TARGET2: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson (Add detail on replacement of TARGET.) |
imported>Doug Williamson (Add link.) |
||
| Line 14: | Line 14: | ||
== See also == | == See also == | ||
* [[European Union]] | |||
* [[Gross settlement system]] | * [[Gross settlement system]] | ||
* [[ISO 20022]] | * [[ISO 20022]] | ||
Revision as of 15:22, 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.
