Glossary
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
| TARGET (Trans European Automated Real-Time Gross settlement Express Transfer) |
| The European cross border payment system linking the national so called gross settlement systems (that settle payment by payment and not only a balance at the end of the day) of the EU countries with the payment system of the European Central Bank. This system is used for very large payments expressed in euros that stem primarily from transactions on financial markets. |
| Traditional government bonds |
| Medium and long-term government bonds open for subscription to both private and institutional investors. Since 1996 they have been replaced by government notes open for subscription to private investors only. |
| Treasury Bills, BTB, Belgian Treasury Bills |
| Short-term dematerialised loans in euro or in foreign currency issued by the Belgian Treasury. They are related to the euro-denominated treasury certificates, but, unlike them, they can be issued continuously. |
| Treasury bond, commercial paper |
| Debt obligation issued by authorities or by a company which is not a credit institution (mostly in the short term). The issue of treasury bonds is governed by the Law of 22 July 1991. In dematerialised form treasury bonds are issued through the securities settlement system of the NBB. |
| Treaty of Rome |
| The Treaty of Rome, which was signed by six countries on 25 March 1957 (Belgium, Netherlands, Luxembourg, Germany, France and Italy) was intended to set up a common market and an Economic and Monetary Union. |