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What is Euro Area Payment Systems Overview about?

This document discusses payment, clearing, and settlement systems in the euro area. It covers 1) the institutional framework and legal acts governing these systems, 2) payment media used by non-banks such as cash and cards, 3) major payment systems including TARGET2 for large-value payments and STEP1/STEP2 for retail payments, and 4) systems for post-trade processing, clearing, and settlement of securities and derivatives. The Eurosystem plays an important oversight and operational role in these systems to

Author

asalihovic

Language

EN