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Target2

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Target2, or Trans-European Automated Real-time Gross Settlement Express Transfer System, is a real-time gross settlement (RTGS) system that is developed and operated by Eurosystem to process Euro payments instantly. It is both available in Eurozone and non-Eurozone and used by central and commercial banks.

Target2 stands as the main safeguarding system for Euro transactions to ensure the security and efficiency of payment and market infrastructures.