TARGET2: Difference between revisions
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Revision as of 22:38, 11 April 2021
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.
