TARGET2
TARGET2 is the Eurosystem real-time gross settlement system for euro-denominated payments. It is used for high-value and time-critical interbank transfers across the euro area.
TARGET2 settles payments in central bank money and supports monetary policy operations and financial market infrastructure. It is operated by the Eurosystem national central banks.
Related Terms
RTGS
Real-Time Gross Settlement
RTGS is a funds transfer system where money moves from one bank to another on a real-time and gross ...
SEPA
Single Euro Payments Area
SEPA is a payment integration initiative of the European Union for simplification of bank transfers ...
TIPS
TARGET Instant Payment Settlement
TIPS is the TARGET2 Instant Payment Settlement service that enables instant euro payments across Eur...
EUR
Euro
EUR is the official currency of the Eurozone, used by 20 of the 27 European Union member states. It'...
Need to convert bank statements to spreadsheet format? Try our bank statement converter to easily export your transaction data to Excel or CSV.
The best offline currency converter.
Built for travelers.