TARGET2

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Revision as of 13:31, 16 April 2014 by imported>Doug Williamson (Added Gross settlement system to see also)
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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

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