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 (4)

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 national central banks ⓘ
linked to: Eurosystem
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 ⓘ
euro area ⓘ
linked to: Eurozone
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 (4)

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

TARGET2-Securities → linkedTo → TARGET Instant Payment Settlement ⓘ
linked to: TARGET2
Bank of Estonia → participatesIn → TARGET2 payment system via Eurosystem ⓘ
linked to: TARGET2
Luxembourg central bank → participatesIn → TARGET2 payment system ⓘ
linked to: TARGET2