TARGET2

From ACT Wiki
Revision as of 15:21, 1 December 2021 by imported>Doug Williamson (Add detail on replacement of TARGET.)
Jump to navigationJump to search

Funds transfer.

(T2).

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.

TARGET2 replaced TARGET in 2008.


See also