Payment instructions – 2004

processed by TARGET and other selected interbank funds transfer systems:
Value of transactions (EUR billions)
2004 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec 2004 AV
TARGET
All TARGET payments
Total value 35,788 33,218 40,020 35,923 36,566 38,496 37,080 34,228 36,284 38,191 37,390 40,808 36,999
Daily average 1,704 1,661 1,740 1,796 1,741 1,750 1,685 1,556 1,649 1,819 1,700 1,774 1,714
Cross-border TARGET payments
Total value 11,988 10,816 13,683 11,847 11,612 12,587 12,065 11,287 12,026 11,949 12,578 13,699 12,178
Daily average 571 541 595 592 553 572 548 513 547 569 572 596 564
Domestic TARGET payments
Total value 23,800 22,402 26,337 24,077 24,954 25,909 25,015 22,941 24,258 26,242 24,812 27,109 24,821
Daily average 1,133 1,120 1,145 1,204 1,188 1,178 1,137 1,043 1,103 1,250 1,128 1,179 1,150
Other systems
EURO 1 (EBA)
Total value 3,857 3,523 4,267 3,624 3,564 3,798 3,561 3,385 3,541 3,510 3,667 3,828 3,677
Daily average 184 176 186 181 170 173 162 154 161 167 167 166 170
Paris Net Settlement (PNS)
Total value 1,356 1,291 1,628 1,655 1,577 1,533 1,472 1,306 1,438 1,333 1,282 1,599 1,456
Daily average 65 65 71 83 75 70 67 59 65 63 58 70 67
Servicio Español de Pagos Interbancarios (SEPI)
Total value 19 21 21 20 20 21 18 17 25 17 15 4 18
Daily average 1 1 1 1 1 1 1 1 1 1 1 0 1
Pankkien On-line Pikasiirrot ja Sekit-järjestelmä (POPS)
Total value 42 36 42 38 36 43 39 34 37 36 36 41 38
Daily average 2 2 2 2 2 2 2 2 2 2 2 2 2

Since July 2004, the data provided for EURO1 also include the traffic of STEP1, which processes retail payments.
The Spanish system SPI was closed down on 15 December 2004.