TARGET2 definition

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 utilises a single shared platform and which was launched on November 19, 2007 or any successor thereto.

Examples of TARGET2 in a sentence

  • The October 2004 earthquake is referred to as TARGET-1, the August 1986 event as TARGET-2, the 1977 one as TARGET-3 and, finally, the May 2005 earthquake as TARGET-4.


More Definitions of TARGET2

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 which utilises a single shared platform and which launched on 19 November 2007;
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 means the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System;