TARGET system: Difference between revisions
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When chatting about financial markets, [[TARGET]] usually refers to the storied [[Trans-European Automated Real-time Gross settlement Express Transfer System]], used for settling payments in | When chatting about financial markets, [[TARGET]] usually refers to the storied [[Trans-European Automated Real-time Gross settlement Express Transfer System]], used for settling payments in {{t|euro}}. | ||
Famously workaholic, like rust, the [[Target system]] never sleeps, and never has a day off. Except, being European, it's subject to the working time directive, and doesn't work Saturdays or Sundays, or on New Year's Day, Good Friday, Easter Monday, 1 May (Labour Day), Christmas Day or 26 December. And it goes away for a month in August. | |||
Revision as of 08:54, 31 August 2017
When chatting about financial markets, TARGET usually refers to the storied Trans-European Automated Real-time Gross settlement Express Transfer System, used for settling payments in euro.
Famously workaholic, like rust, the Target system never sleeps, and never has a day off. Except, being European, it's subject to the working time directive, and doesn't work Saturdays or Sundays, or on New Year's Day, Good Friday, Easter Monday, 1 May (Labour Day), Christmas Day or 26 December. And it goes away for a month in August.