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TARGET2 and EURO1: Large-Value Payments in the New Eurozone

Product Type: Market Research Report
Published by: TowerGroup
Published: July 2005
Product Code: R301-901
Description
This TowerGroup Research Note examines the evolution of the cross-border large-value payment systems of the European Union. Although legislative and market forces are driving many changes in the European payments market, this Note focuses on the evolution of the two main large-value European payment systems, TARGET2 and EURO1. It compares the two systems and looks at how the move to a Single Euro Payments Area (SEPA) is causing them to converge.
Table of Contents
TowerGroup Take-Aways




Report Coverage




Background




Large-Value Payment Systems in Europe


Exhibit 1: European Cross-Border Payment Systems (2005)


TARGET


Exhibit 2: European Union Members Connected to TARGET (2005)

Exhibit 3: Changes from TARGET1 to TARGET2 (2004)

Exhibit 4: Planned Milestones for TARGET2 (2003-07)


EURO1


Exhibit 5: Process for Settlement with EURO1 (2005)


STEP1

STEP2




TARGET2 vs. EURO1


Exhibit 6: Infrastructures of TARGET and EURO1 (2005)




Summary
Ordering and More Information
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