%0 Journal Article %T TARGET 2 and Settlement Finality %A Ivan Mangatchev %J Acta Universitatis Danubius : Juridica %D 2011 %I Danubius University %X This article examines how TARGET 2 as system implements the idea of settlement finality regulated by Directive 98/26 EC of the European parliament and of the Council of 19 May 1998 on settlement finality in payment and securities settlement systems (Settlement Finality Directive) and Directive 2009/44/EC of the European parliament and of the Council of 6 May 2009 amending Directive 98/26/EC on settlement finality in payment and securities settlement systems and Directive 2002/47/EC on financial collateral arrangements as regards linked systems and credit claims (Directive 2009/44/EC). As the title of the article states two points are the cornerstones ¨C TARGET 2 and finality of the settlement in this system. %K TARGET 2 %K settlement %K settlement finality %K Directive 98/26 EC %K Directive 2009/44 EC %U http://journals.univ-danubius.ro/index.php/juridica/article/view/842/753