TARGET2

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Revision as of 22:38, 11 April 2021 by imported>Doug Williamson (Mend link.)
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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.


TARGET2 is the successor to the earlier TARGET payment system.


See also