Interest rate tiering and Trans-European automated real-time gross settlement express transfer: Difference between pages

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Method used for calculating interest whereby the interest rate is determined by the level of balances, for example, higher balances attract higher rates.
(TARGET).
 
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.
 
 
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.
 


== See also ==
== See also ==
* [[Interest rate]]
* [[European Central Bank]]  (ECB)
* [[Gross settlement system]]
* [[Interlinking]]
* [[Payments and payment systems]]
* [[Real-time]]
* [[Real-time gross settlement system]]
* [[TARGET2]]


[[Category:Cash_management]]

Revision as of 00:12, 12 March 2023

(TARGET).

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.


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.


See also