TARGET 2 definition

TARGET 2 means the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilises a single shared platform and which was launched on 19 November 2007.
TARGET 2 means the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilizes a single shared platform and which was launched on November 19, 2007.
TARGET 2 means the second generation of the Trans-European Automated Real-time Cross-Settlement Express Transfer System and was launched on 19 November 2007 by the European Central Bank.

Examples of TARGET 2 in a sentence

  • Business Day Centre(s): The applicable Business Day Centre for the purposes of the definition of "Business Day" in Condition 1 is TARGET 2.

  • In these Terms and for the purposes of the Conditions, references to “Business Days” shall (except where specified otherwise) be construed as references to days, which are TARGET Settlement Days, where “TARGET Settlement Day” means any day on which TARGET 2 (the Trans-European Automated Real-Time Gross settlement Express Transfer system) is open.

  • A Business Day means a day on which the Trans-European Automated Real-Time Gross Settlement Express Transfer 2 System (the TARGET 2 System) or any successor thereto is open for the settlement of payments in euro, provided that such day is also a day on which banks are open for business in Amsterdam, the Netherlands and London, the United Kingdom.

  • TARGET 2 Settlement Day means any day on which the TARGET 2 System is operating.

  • For the purpose of this Condition 7, Bank means a bank in the principal financial centre of the relevant currency or, in the case of euro, in a city in which banks have access to the TARGET 2 System.


More Definitions of TARGET 2

TARGET 2 means the Target known as [***] as more particularly described in Schedule 1.85, and shall include all naturally occurring variants, naturally occurring fragments and naturally occurring homologs and other naturally occurring derivatives thereof.
TARGET 2 means Target No. 2 as defined on page 40 of the Parent’s 8-K filed on September 16, 2014.
TARGET 2 means [***].
TARGET 2 means the Trans-European Automated Real-Time Gross Settlement Express Transfer 2 System;
TARGET 2 means the Trans-European Automated Real Time Gross Settlement Express Transfer 2 (TARGET2) payment system that uses a single shared platform and was inaugurated on 19 November 2007;
TARGET 2 means the second generation of the Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET) payment system (or, if such payment system ceases to be operative, such other payment system (if any) determined by the Agent to be a suitable replacement).
TARGET 2 means the Trans-European Automated Real-time Gross Settlement Express System (Target 2) which was launched on 19 November 2007.