TARGET system: Difference between revisions

no edit summary
No edit summary
No edit summary
 
Line 1: Line 1:
{{anat|eqderiv}}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}}.  
{{anat|eqderiv|}}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.
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.