TARGET2: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Administrator (CSV import) |
imported>Doug Williamson m (Category added 9/10/13 and spacing) |
||
| Line 4: | Line 4: | ||
This payment system started in November 2007 to replace TARGET. | This payment system started in November 2007 to replace TARGET. | ||
== See also == | == See also == | ||
* [[Trans-European automated real-time gross settlement express transfer]] | * [[Trans-European automated real-time gross settlement express transfer]] | ||
[[Category:Payment_and_Clearing_Systems]] | |||
Revision as of 10:07, 9 October 2013
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 started in November 2007 to replace TARGET.
