Author (Corporate) | European Central Bank |
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Publisher | EU |
Publication Date | May 2017 |
ISBN | 978-92-899-3001-7 |
ISSN | 1725-4884 |
EC | QB-AC-17-001-EN-N |
Content Type | Report |
TARGET stands for Trans-European Automated Real-time Gross settlement Express Transfer system. It is the Eurosystem’s real-time gross settlement system for the euro. The first-generation TARGET system was replaced by TARGET2 in May 2008. In TARGET2, the decentralised structure of the first-generation system was replaced by a single technical platform, or the 'Single Shared Platform' (SSP), to which all payment orders are submitted for processing. Three Eurosystem central banks – the Banca d’Italia, the Banque de France and the Deutsche Bundesbank – jointly provide the SSP for TARGET2 and operate it on behalf of the Eurosystem. |
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Source Link | https://www.ecb.europa.eu/pub/pdf/other/ecb.targetar2016.en.pdf |
Related Links |
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Subject Categories | Politics and International Relations |
Countries / Regions | Europe |
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