Examples of using Large-value in English and their translations into Slovak
{-}
-
Financial
-
Colloquial
-
Official
-
Medicine
-
Ecclesiastic
-
Official/political
-
Computer
-
Programming
The settlement operations of large-value systems handling euro transfers.
TARGET functioned smoothly and successfully in 2005 andcontinued its trend of settling an increasing number of large-value euro payments.
ECB approves major projects in the field of large-value payments and collateral management.
For example, the 11 national large-value payment systems that were originally linked in 1999 to form TARGET were superseded in 2008 by a technically centralised, much more efficient system called TARGET2.
It is used for the settlement of central bank operations, large-value euro interbank transfers as well as other euro payments.
Payment fees are often perceived as excessive, both by consumers and merchants because they usually represent a significantly highershare of the transaction value than is the case for large-value payments.
In 2004 88% of the total turnoverof large-value payments in euro was executedvia TARGET.
LARGE-VALUE PAYMENT SYSTEMS AND INFRASTRUCTURE SERVICE PROVIDERS Large-value payment systems form the backbone of the euro area market infrastructure and play an important role for the stability and efficiency of the financial sector and the overall economy.
In 2005, 89% of the total turnover of large-value payments in euro were carried out via TARGET.
By using TARGET2 for all large-value payments, in particular those related to interbank operations, market participants receive a premium service and make a substantial contribution to reducing systemic risk throughout the EU, i.e. the risk of“contagion” to other areas due to the high number and value of interactions between banks.
In 2005 89% of the total turnover of large-value payments in euro was executed via TARGET.
Instead of being netted periodically,RTGS is used to allow banks to settle their large-value debits immediately as they occur.
TARGET2 is the leading European platform for processing large-value payments, and is used by both central and commercial banks to process real time payments in Euro.
DRIVING FORCES AND BARRIERS IN FINANCIAL INTEGRATION 6.3.1 MONEY MARKETS MARKET INFRASTRUCTURE INTEGRATION AS A STIMULUS FOR PROGRESS A key factor in achieving and sustaining money market integration hasbeen the high degree of integration of euro large-value payment systems, which has allowed the safe and efficient euro area-wide handling of interbank payment transactions.
It is the leading European platform for processing large-value payments and is used by both central banks and commercial banks to process payments in euro in real time.
Like its predecessor,TARGET2 is used for the settlement of central bank operations, large-value euro interbank transfers as well as other euro payments.
If, at June 30, 2014,an existing account of a natural person is not a large-value account, but it becomes so by the last day of 2015 or any subsequent calendar year, the financial institution in San Marino held the communication must complete with respect to such account the procedures strengthened verification described in paragraph D of this Section within six months of the last day of the calendar year in which the bill becomes a high-value account.
In 2007 89% of the total value of payments in euro large-value payment systems were executed via TARGET.
It establishes oversight policies and corresponding standards for large-value payment systems, retail payment systems and payment instruments, clearing systems, securities settlement systems and certain third-party service providers.
Since the launch of the euro,the Eurosystem has indeed contributed to reshaping and consolidating the infrastructure for large-value payments, for post-trading services for financial instruments and, most recently, for instant retail payments.
Key examples of this workhave related to the integration of the market infrastructure for large-value payments( TARGET and TARGET2) and the establishment of a common system for the cross-border transfer of collateral( CCBM), both of which have been instrumental in achieving and sustaining the near-perfect integration of money markets.
Less visible, but also of great importance, were the establishment of the large-value central bank payment system TARGET on 1 January 1999 and that of its successor, TARGET2, in 2007.
The Eurosystem takes the view that every large-value payment system operating in euro is systemically important.
Moreover, while in 1999 there were 21 large-value payment systems in euro, in 2008 there are only three.
The ECB manages its own funds, oversees cross-border large-value payment and clearing systems and acts as a settlement agent for some of them.
The Eurosystem applies a well-defined oversight policy framework to all large-value payment systems which settle euro-denominated transactions, both to its own systems and to those that are privately operated.
The Eurosystem has contributed to reshaping and consolidating the infrastructure for large-value payments, for post-trading services for financial instruments and, most recently, for instant retail payments.
