Home > Term: Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET)
Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET)
A real-time gross settlement (RTGS) payment system composed of one RTGS system in each European Member States, plus the European Central Bank payment mechanism. Payments are made across TARGET to or from other countries and not directly to other members of CHAPS-Euro.
- Part of Speech: noun
- Industry/Domain: Software
- Category: Globalization software service
- Company: IBM
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- Peteh
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