Swing line facility and TARGET2: Difference between pages

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A short term facility providing same day availability of funds, pending the arrival of funds from a normal two business day notice facility (which will provide longer term funds).
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.


Used for example as a back-stop facility to commercial paper, or to fund same day value margin calls (for example on exchange traded derivatives contracts).
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.''


==See also==
== See also ==
*[[Backstop facility]]
* [[Trans-European automated real-time gross settlement express transfer]]
*[[Bridge facility]]
* [[Gross settlement system]]
*[[Commercial paper]]
* [[ISO 20022]]
* [[Facility]]
* [[Payments and payment systems]]
*[[Line]]


[[Category:Long_term_funding]]
[[Category:Cash_management]]
[[Category:Financial_products_and_markets]]
[[Category:Liquidity_management]]

Revision as of 16:38, 19 November 2017

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.

See also

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