Trans-European automated real-time gross settlement express transfer: Difference between revisions
From ACT Wiki
Jump to navigationJump to search
imported>Doug Williamson m (Minor addition to definition '.. plus a number of non-Eu Countries..' as per website - 20/5/13) |
imported>Doug Williamson m (Spacing 14/8/13) |
||
Line 1: | Line 1: | ||
(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. | (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. | ||
== See also == | == See also == |
Revision as of 13:23, 14 August 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.