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Bank of England and The Times Interest Rate Challenge TARGET Bank of England and The Times Interest Rate Challenge 2013/14 CONTENTS Foreword 3 Introduction 5 Section A Introducing the Challenge 7
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Target Two Point Zero is a financial reporting tool used by banks in the European Union.
Banks in the European Union are required to file Target Two Point Zero.
Target Two Point Zero can be filled out electronically using the provided reporting system.
The purpose of Target Two Point Zero is to facilitate the settlement of payments between financial institutions.
Banks must report information related to their intraday positions, payment flows, and collateral.
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