Trans-European automated real-time gross settlement express transfer and Peg: Difference between pages

Revision as of 10:06, 30 July 2024

1. Noun.

An exchange rate system in which exchange rates are either fixed, or managed within a range on either side of a target exchange rate.

2. Verb.

To establish a fixed conversion rate for an asset, into a more widely accepted asset.

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-(TARGET).
+.  ''Noun.''
-A payment system composed of one real-time gross settlement (RTGS) system in each of the countries of the European Union (EU) plus a number of non-EU countries and the European Central Bank (ECB) payment mechanism.
+An exchange rate system in which exchange rates are either fixed, or managed within a range on either side of a target exchange rate.
-The domestic RTGS systems and the ECB payment mechanism are interconnected according to common procedures (interlinking) to allow cross-border transfers throughout the EU to move from one system to another.
+.  ''Verb.''
+To establish a fixed conversion rate for an asset, into a more widely accepted asset.
 == See also ==
-* [[Gross settlement system]]
+* [[Acceptance]]
-* [[Interlinking]]
+* [[Exchange rate]]
-* [[Payments and payment systems]]
+* [[Crawling peg system]]
-* [[Real-time gross settlement system]]
+* [[Managed float]]
-* [[TARGET2]]
+* [[PayPal USD]]
+* [[Stablecoin]]
-[[Category:Cash_management]]
+[[Category:Manage_risks]]