TARGET2: Difference between revisions
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imported>Doug Williamson m (Added Gross settlement system to see also) |
imported>Doug Williamson m (Removed reference to month) |
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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 started in | This payment system started in 2007 to replace TARGET. | ||
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* [[Gross settlement system]] | * [[Gross settlement system]] | ||
[[Category: | [[Category:Cash_management]] | ||
Revision as of 14:42, 16 April 2014
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 2007 to replace TARGET.
