TARGET2

E353547

TARGET2 is the Eurosystem’s real-time gross settlement system for processing large-value euro payments between banks and financial institutions.

All labels observed (2)

Label Occurrences
TARGET Instant Payment Settlement 1
TARGET2 canonical 1

How this entity was disambiguated

Statements (47)

Predicate Object
instanceOf financial market infrastructure
payment system
real-time gross settlement system
accessRestrictedTo central banks
clearing and settlement organizations
credit institutions
treasuries
becameFullyOperationalOn 2008-05-19
currency euro
governedBy European Central Bank
isPartOf TARGET Services
launchDate 2007
legalFramework ECB Guideline on TARGET2
linkedTo TARGET2-Securities
TIPS
operatedBy European Central Bank
Eurosystem
operatingDays Monday to Friday
operatingScope large-value payments
urgent payments
operationalStatus in operation
owner Eurosystem
surface form: Eurosystem national central banks
predecessor TARGET
provides ancillary system settlement services
intraday credit in central bank money
liquidity management services
purpose processing large-value euro payments
settlement of customer payments
settlement of interbank payments
settlement of monetary policy operations
settlement of money market transactions
regionServed European Union
Eurozone
surface form: euro area
replaced TARGET
riskManagementFeature gridlock resolution
liquidity-saving mechanisms
queue management
settlementAsset central bank money
settlementType real-time gross settlement
successor T2
TARGET consolidation platform
supports TARGET2-Securities cash leg settlement
supportsPaymentType ancillary system settlement payments
customer payments
interbank payments
technologyPlatform single shared platform
timeZone Central European Time

How these facts were elicited

Referenced by (2)

Full triples — surface form annotated when it differs from this entity's canonical label.

TARGET2-Securities linkedTo TARGET2
this entity surface form: TARGET Instant Payment Settlement