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| Definition Of: |
ECB payment mechanism
The payment arrangements organised within the ECB and connected to TARGET for the purpose of effecting: (i) payments between accounts held at the ECB; and (ii) payments through TARGET between accounts held at the ECB and at the national central banks.
Copyright © 2006, European Central Bank, Frankfurt am Main, Germany. This information may be obtained free of charge through the ECB's website.
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Banking INDEX:
List of Terms: Terms beginning with "A", Page 1 |
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1 2 3 A: Page 1 of 3.
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