TARGET2 System definition

TARGET2 System means the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) system or any successor thereto.
TARGET2 System means the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System.
TARGET2 System means the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET) payment system which utilises a single shared platform and which was launched on 19 November 2007.

Examples of TARGET2 System in a sentence

  • The Issuer, failing which, the Guarantors shall make the necessary arrangements to give instructions prior to each date on which any payment in respect of the Notes becomes due, in order to transfer by TARGET2 System prior to noon (Luxembourg time) on each date on which any payment in respect of the Notes becomes due to the Fiscal Agent such amount as may be required for the purposes of such payment.


More Definitions of TARGET2 System

TARGET2 System means the Trans-European Automated Real-Time Gross Settlement Express Transfer (known as TARGET2) System which was launched on 19 November 2007 or any successor thereto.
TARGET2 System means Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System;
TARGET2 System means the Trans European Automated Real Time Gross Settlement Express Transfer System which uses a single shared platform and which was launched on 19 November 2007 or any successor thereto.
TARGET2 System 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 (or any successor thereto).
TARGET2 System means the the second-generation Trans-European Automated Real-time Gross settlement Express Transfer System.
TARGET2 System means the Trans-European Automated Real-time Gross settlement Express Transfer system governed by the Guideline of the European Central Bank (ECB/2012/27) of 5 December 2012.
TARGET2 System means the automatic European system for gross settlement of payments in real time regulated by the European Central Bank’s Guideline of 5 December 2012 (ECB/2012/27);