Talk:TARGET2

Cyprus Eurozone Crisis

The example given of international trade in the introduction is helpful to people like me who are new to this.

Perhaps it might be expanded to explain how the commercial banks and national central banks effectively pass the payment due and receipt up the chain to the ECB. I understand that by this the National Banks create a sort of net position with the ECB, which has a corresponding mirror position with the National Banks. The Commercial Banks have similar relationships with their National Banks perhaps?

Further it would be helpful to see how a domestic settlement in the Eurozone works. Does it involve the ECB, or stop at the National Bank level? It might not be strictly Target 2, but it could help to have this as a contrast.

At the time of writing this, we face a real Eurozone banking crisis where at least two major Banks in Cyprus have failed. It would be interesting if someone could explain how this fits in with Target2 and what happens at the ECB and at Cyprus central bank to the positions of the local banks relative to each other and of course Banks outside Cyprus (exporters banks?). I feel that this real life example provides a good opportunity to set out the system more cogently and to highlight the inherent risks.

Johnny Cyprus (talk) 16:32, 27 March 2013 (UTC)

EU or EuroZone

Article starts "TARGET2 is an interbank payment system for the real-time processing of cross-border transfers throughout the European Union" but only seems to mention Euro transfers. Should it clarify that Target2 is only used for Euro transfers between members of the eurozone or can someone correct please ? Is it only for cross-border payments or can it be used for payments within a single eurozone member ? - Rod57 (talk) 00:08, 16 May 2014 (UTC)

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Potential copyright violation

This edit linked above added a statement saying that article content was taken from the European Central Bank website. Mauls (talk) 11:49, 29 May 2019 (UTC)