ACI
3I0-013 · Question #16
Which of the following best describes TARGET2?
The correct answer is A. The real-time gross settlement (RTGS) system owned and operated by the Eurosystem. See the full explanation below for the reasoning.
Question
Which of the following best describes TARGET2?
Options
- AThe real-time gross settlement (RTGS) system owned and operated by the Eurosystem
- BThe system used in Germany for settling high value domestic securities transactions
- CThe pan-Europe netting system used for reducing credit risk for derivative transactions
- DThe system used by the European Banking Federation to clear cross border Euro payments
How the community answered
(33 responses)- A73% (24)
- B3% (1)
- C9% (3)
- D15% (5)
Community Discussion
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