Trans-European automated real-time gross settlement express transfer: Difference between revisions
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imported>Doug Williamson m (Spacing 14/8/13) |
imported>Doug Williamson m (Category added 9/10/13) |
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* [[Real-time gross settlement system]] | * [[Real-time gross settlement system]] | ||
* [[TARGET2]] | * [[TARGET2]] | ||
[[Category:Payment_and_Clearing_Systems]] | |||
Revision as of 10:06, 9 October 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.
