TARGET2

From ACT Wiki
Revision as of 10:07, 9 October 2013 by imported>Doug Williamson (Category added 9/10/13 and spacing)
Jump to navigationJump to search

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.


See also

Retrieved from ‘https://wiki-dev.treasurers.org/w/index.php?title=TARGET2&oldid=46501’