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Traffic and trends in TARGET2 during 2017

In 2017 TARGET2 maintained its leading position in Europe, processing 90% of the total value settled by large-value payment systems in euro. This amounted to nearly 90 million payment transactions, with a total value of €432.8 trillion.

The newly published TARGET annual report offers an insight into the activity of the RTGS system in 2017. To mark the tenth anniversary of TARGET2, it looks at how traffic has evolved over the past decade and the positive impact the system has had on financial market integration in Europe.

The report also explores topics of relevance from the past year, such as the liquidity held in TARGET2 and its usage, the cross-border activities registered by the system, and the adaptations being made to ensure it will interact smoothly with the TARGET Instant Payment Settlement (TIPS) service.