| 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 | |
Number of transactions settled per year
Value settled per year
Distribution of TARGET2 transactions across value bands in 2017