TARGET 2 and Settlement Finality

• Main Author: Ivan MANGATCHEV
• Format: Article
• Language: English
• Published: Danubius University 2011-03-01
• Series: Acta Universitatis Danubius: Juridica
• Subjects: TARGET 2; settlement; settlement finality; Directive 98/26 EC; Directive 2009/44 EC
• Online Access: http://journals.univ-danubius.ro/index.php/juridica/article/view/842/753
• ISSN: 1844-8062; 2065-3891

This article examines how TARGET 2 as system implements the idea of settlement finality regulated by Directive 98/26 EC of the European parliament and of the Council of 19 May 1998 on settlement finality in payment and securities settlement systems (Settlement Finality Directive) and Directive 2009/44/EC of the European parliament and of the Council of 6 May 2009 amending Directive 98/26/EC on settlement finality in payment and securities settlement systems and Directive 2002/47/EC on financial collateral arrangements as regards linked systems and credit claims (Directive 2009/44/EC). As the title of the arti and finality of the settlement in this system.