TARGET system

From The Jolly Contrarian
Jump to navigation Jump to search
Equity Derivatives Anatomy™

{{{2}}}

Resources About the Equity Derivatives Definitions | (full wikitext) | (nutshell wikitext)
Hot topics Synthetic Prime Brokerage Anatomy | The Triple Cocktail | Cancellation and Payment | Calculation Agent
TOC | 1 General Definitions | 2 Option Transactions | 3 Exercise of Options | 4 Forward Transactions | 5 Equity Swap Transactions | 6 Valuation | 7 Settlement | 8 Cash Settlement | 9 Physical Settlement | 10 Dividends | 11 Adjustments and Modifications | 12 Extraordinary Events · 12.8 Cancellation Amount · 12.9 Additional Disruption Events · 12.9 List of ADEs · 12.9(b) Consequences of ADEs | 13 Miscellaneous

Index: Click to expand:

Get in touch
Comments? Questions? Suggestions? Requests? Insults? We’d love to hear from you.
Sign up for our newsletter

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.

See also