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Trans-European Automated Real-time Gross settlement Express Transfer system
A payment system composed of one real-time gross settlement (RTGS) system in each of the EU Member States plus the ECB payment mechanism (EPM). The national RTGS systems and the EPM are interconnected by common procedures (interlinking) to allow cross-border transfers throughout the European Union to move from one system to another.
See also: ECB payment mechanism (EPM) gross settlement system real-time gross settlement (RTGS) system
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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European Central Bank Dictionary INDEX:List of Terms: Terms beginning with "A", Page 1 |
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1 2 A: Page 1 of 2.
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