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What (who) is TARGET2 - definition
TARGET2
.jpg?width=200 "TARGET2 balances of selected countries of Euro system starting 2001")
EUROPEAN INTERBANK PAYMENT SYSTEM
TARGET; Target-2; Target II; Target 2
TARGET2 (Trans-European Automated Real-time Gross Settlement Express Transfer System) is the real-time gross settlement (RTGS) system for the Eurozone, and is available to non-Eurozone countries. It was developed by and is owned by the Eurosystem.
