# EURO1

- Canonical URL: https://www.gerhardmerk.de/euro1
- Post ID: 594432
- Modified: 2023-07-25T21:01:22+00:00
- Language: en

## Definition

Major large-value payment system operated by the Euro Banking Association. EURO1's customers are European banks. In spring 2013, EURO1 processed around 230,000 payments per day with a total value of over EUR 245 billion. The end-of-day positions of EURO1 participants are settled in central bank money via TARGET. The ECB participates in this process as a payment settlement agent, and the ECB is also responsible for the oversight of this payment system. - See Clearinghouse, automatic. - See ECB Annual Report 2012, p. 142 (recent developments in EURO1; oversight issues) and the respective ECB Annual Report, chapter "Oversight of payment systems and market infrastructures." Attention: The financial encyclopedia is protected by copyright and may only be used for private purposes without express consent! University Professor Dr. Gerhard Merk, Dipl.rer.pol., Dipl.rer.oec. Professor Dr. Eckehard Krah, Dipl.rer.pol. E-mail address: info@ekrah.com https://de.wikipedia.org/wiki/Gerhard_Ernst_Merk https://www.jung-stilling-gesellschaft.de/merk/ https://www.gerhardmerk.de/

## Machine-readable

- Generator: Merk Knowledge 1.1.1