TARGET2 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.
TARGET2 means the Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET2) payment system (or, if such payment system ceases to be operative, such other payment system (if any) reasonably determined by the Administrative Agent to be a suitable replacement) for the settlement of payments in euro.
TARGET2 means the Trans-European Automated Real Time Gross Settlement Express transfer payment system which utilizes a single shared platform and which was launched on 19 November 2007.
Examples of TARGET2 in a sentence
Business Day Centre(s): The applicable Business Day Centres for the purposes of the definition of "Business Day" in Security Condition 3 are Milan and TARGET2 System.
It is necessary recall that in the Iberpay and TARGET2 payment systems financial bodies operate directly and, on the other hand, new players have to operate through a financial body and therefore indirectly.Obligation to appear in the register: The PSD1 established certain cases where people were exempt from obtaining authorisation as a payment body, but that it was up to the criteria of these people to consider whether they were exempt or not.
More Definitions of TARGET2
TARGET2 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 thereto;
TARGET2 means the entirety resulting from all TARGET2 component systems of the CBs,
TARGET2 means the Trans-European Automated Real-Time Gross Settlement Express Transfer payment system or any successor thereto;
TARGET2 means the Trans-European Automated Real-Time Gross Settlement Express Transfer System, or any successor to such system.
TARGET2 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.
TARGET2 means the Trans-European Automated Real-time Gross Settlement Express Transfer System.
TARGET2 means the Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET2) payment system (or, if such payment system ceases to be operative, such other payment system (if any) reasonably determined by the Agent to be a suitable replacement) for the settlement of payments in Euro.