Legacy: Difference between revisions
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* [[Real-time gross settlement system]] (RTGS) | * [[Real-time gross settlement system]] (RTGS) | ||
*[[Risk-free rates]] | *[[Risk-free rates]] | ||
* [[T2]] | |||
*[[TARGET2]] | *[[TARGET2]] | ||
*[[Tough legacy]] | *[[Tough legacy]] | ||
Revision as of 01:47, 3 April 2023
'Legacy' refers to older systems, contracts or other arrangements, implemented before current systems, regulations or other market conditions, but still having a remaining life until their retirement or final maturity.
- Legacy RTGS systems
- "TARGET2 is run by the Eurosystem under the responsibility of the Governing Council of the ECB.
- The NCBs of France, Germany and Italy jointly provide the single technical infrastructure and operate it on behalf of the Eurosystem.
- All of the eurozone countries have migrated to TARGET2 and have chosen to close their legacy RTGS systems upon migration."
- The Treasurer's Handbook, Payments and payment systems.
- Legacy LIBOR contracts
- "Legacy contracts are those that do not mature until after the end of 2021.
- Depending on the financial product under consideration (loan, derivative etc), the precise response to the disappearance of LIBOR will vary."
- ACT Briefing Note, Transition to risk free rate benchmarks.
