Facts and figures

Currency euro
Launch 2007
Settlement model Real-time gross settlement (RTGS) in central bank money
No of participants 1,076 direct participants
701 indirect participants
5,072 correspondents worldwide
No of ancillary systems 80 ancillary systems
Daily averages 342,008 payments
€1.7 trillion
Average transaction value €5 million
Payment values < €50,000 (70% of all TARGET2 payments)
> €1 million (10% of all TARGET2 payments)
Share of total large-value payment system traffic in euro 90% in terms of value
63% in terms of volume
Payments processed in less than five minutes 99.8%
More information in the 2017 TARGET Annual Report

TARGET2 statistics

Number of transactions settled per year
TARGET2: Number of transactions settled per year

Value settled per year
TARGET2: Value settled per year

Distribution of TARGET2 transactions across value bands in 2017
TARGET2: Distribution of TARGET2 transactions across value bands in 2017