Trans-European automated real-time gross settlement express transfer: Difference between revisions
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imported>Administrator (CSV import) |
imported>Doug Williamson m (Minor addition to definition '.. plus a number of non-Eu Countries..' as per website - 20/5/13) |
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(TARGET). A payment system composed of one real-time gross settlement (RTGS) system in each of the countries of the European Union (EU) and the European Central Bank (ECB) payment mechanism. | (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. | 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. | ||
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* [[Real-time gross settlement system]] | * [[Real-time gross settlement system]] | ||
* [[TARGET2]] | * [[TARGET2]] | ||
Revision as of 13:16, 20 May 2013
(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.
