TARGET Business Day

TARGET Business Day. Designates a day on which the TARGET payment system is open. The Trans-European Automated Real-time Gross settlement Express Transfer system (TARGET) links the European Central Bank to the national central banks of the Member States of the Economic and Monetary Union, via their respective national real-time gross settlement systems (hereinafter, "RTGS"). The TARGET interconnection system is open on all days on which at least two RTGS are open and connected (excluding Saturdays and Sundays). It... is closed on January 1st and December 25th View More