T2 facts and figures
|
Launch |
2023 |
|---|---|
Currencies |
Euro, Danish krone |
|
Settlement model |
Real-time gross settlement (RTGS) in central bank money |
|
No of ancillary systems |
69 ancillary systems |
|
Daily averages |
431,067 payments totalling €1,932.8 billion 11,425 payments totalling DKK 1,641,9 billion |
|
Average transaction value |
€4,5 million |
|
Payment values |
≤ €50,000 (70% of all T2 payments) ≥ €1 million (9.2% of all T2 payments) |
|
Payments processed in less than five minutes |
99.7% < 2 minute, 0.1% between 2-5 minutes, 0.2% > 5 minutes |
T2 reachable parties
List of T2 participants (Last update: 2 July 2026)
T2 statistics
T2 Turnover*
(left-hand scale: EUR billions; right hand scale: percentage)
*Source: T2. Note: Data prior to 20 March 2023 relate to TARGET2.
T2 traffic*
(left-hand scale: number of transactions in millions: right -hand scale: percentage)
*Source: T2. Notes: Data prior to 20 March 2023 relate to TARGET2. The Danish krone became available for settlement in T2 as of April 2025.
Distribution of T2 transactions across value bands in 2025
(in percentages)
*Source: T2