TARGET2 definition

TARGET2 means the Trans-European Automated Real-Time Gross Settlement Express Transfer payment system which utilises a single shared platform and which was launched on 19 November 2007;

TARGET2 means the Trans-European Automated Real-time Gross Settlement Express Transfer payment system which utilizes a single shared platform and which was launched on November 19, 2007.

TARGET2 means the Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET2) payment system (or, if such payment system ceases to be operative, such other payment system (if any) reasonably determined by the Administrative Agent to be a suitable replacement) for the settlement of payments in euro.

Examples of TARGET2 in a sentence

• However, if in the queue of the payee there are higher priority payment orders addressed to other TARGET2 participants, the FIFO principle may only be breached if settling such an offsetting payment order would result in a liquidity increase for the payee.

• TARGET Business Day any day on which the Trans-European Automated Realtime Gross settlement Express Transfer (TARGET2) System is open for business.

• TARGET-Geschäftstag jeder Tag, an dem das Trans-European Automated Realtime Gross settlement Express Transfer (TARGET2) System für den Geschäftsverkehr geöffnet ist.

• This agreement and any amendment made hereto shall only be effective when the managing NCB, after having obtained any information or documents that it deems appropriate, confirms in writing that this agreement or amendments thereto comply with the requirements laid down in the respective conditions for participation in the TARGET2 component systems.

• The AL NCBs have a mutual interest in providing intraday credit to the AL group members, as this promotes the overall efficiency of settling payments in TARGET2.

More Definitions of TARGET2

TARGET2 means the Trans-European Automated Real-time Gross Settlement Express Transfer (TARGET2) payment system (or, if such payment system ceases to be operative, such other payment system (if any) reasonably determined by the Administrative Agent to be a suitable replacement) for the settlement of payments in Euro.

TARGET2 means the Trans-European Automated Real-Time Gross Settlement Express Transfer payment system which utilises a single shared platform and which was launched on November 19, 2007 or any successor thereto.

TARGET2 means the entirety resulting from all TARGET2 component systems of the CBs,

TARGET2 means the Trans-European Automated Real-Time Gross Settlement Express Transfer payment system or any successor thereto;

TARGET2 means the Trans-European Automated Real-Time Gross Settlement Express Transfer System, or any successor to such system.

TARGET2 means the Trans-European Automated Real-Time Gross Settlement Express Transfer (TARGET2) System;

TARGET2 means the Trans-European Automated Real-Time Gross Settlement Express Transfer payment system.