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TARGET2
Sign in to saveAlso known as Trans-European Automated Real-time Gross Settlement Express Transfer System
TARGET2 was the real-time gross settlement (RTGS) system for the Eurozone from its phased introduction in 2007-2008 until its replacement with T2 in March 2023. As such, it was one of the Eurosystem's TARGET Services, replacing the original TARGET (Trans-European Automated Real-time Gross Settlement Express Transfer System) RTGS introduced in 1999. Like the other TARGET Services, it was developed and owned by the Eurosystem.
~19 min read
Encyclopedic overview
13 sectionsContents
- Overview
- History
- Participation
- Activity
- Statistics
- Pricing
- Holidays
- Operations
- Outages
- Intra-system balances
- See also
- References
- External links
TARGET2 was the real-time gross settlement (RTGS) system for the Eurozone from its phased introduction in 2007-2008 until its replacement with T2 in March 2023. As such, it was one of the Eurosystem's TARGET Services, replacing the original TARGET (Trans-European Automated Real-time Gross Settlement Express Transfer System) RTGS introduced in 1999. Like the other TARGET Services, it was developed and owned by the Eurosystem.
==Overview==
Excerpted from Wikipedia’s “TARGET2” article, available under the CC BY-SA 4.0 licence.