TARGET2
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Eurosystem interbank euro RTGS.
Definition
TARGET2 was migrated on 20 March 2023 to T2-RTGS on the common platform with T2S. ISO 20022 messages pacs.008, pacs.009, camt.054. Operated by ECB with Banca d'Italia, Deutsche Bundesbank, Banque de France.
Origin
TARGET (1999), TARGET2 (2007), T2-RTGS (2023).
Example in context
A French bank settles EUR 50M to Deutsche Bank via TARGET2 in seconds.
Related terms
- T2S — twin platform.