Target2
Target2 is the real-time gross settlement (RTGS) system owned and operated by the Eurosystem, used to settle large-value eurozone interbank payments. It ensures final and irrevocable settlement of transactions, operating through participant BICs and central banks.
Aliases: TARGET2 RTGS
Standards & Citations
- 🌐 ISO 9362 / ISO 13616: International standards for financial identifiers (ISO OBP).
- 🏢 SWIFT Registration Authority: Designated ISO registration authority (swift.com).
- 📂 swiftbic.org Data Register: Provenance registry for bank code data (Data Sources).