TARGET 2 definition

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 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 or any successor thereof.
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

  • To explain it, we have to understand the payment system of the euro area, TARGET 2.

  • The system of new generation, TARGET 2, was the new European RTGS system, implemented on November 2007.

  • The TARGET 2 major innovation is the settlement of international payments of smaller amounts below 50,000 €.


More Definitions of TARGET 2

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 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 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 Transfer 2 (TARGET2) payment system that uses a single shared platform and was inaugurated on 19 November 2007;
TARGET 2 means [***].