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Traffic settled in the TARGET Services – 2026

Settled volumes (number of payments)
2026 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec
TARGET
All TARGET payments
Total volume 138,507,792 25,815,503                    
Daily average 4,860,146 1,290,776                    
CLM related payments
Total volume 151,972 142,628                    
Daily average 7,237 7,131                    
RTGS related payments
Total volume 8,509,478 8,279,683                    
Daily average 405,213 413,984                    
TARGET transactions on T2S Dedicated Cash Accounts (DCA)
Total volume 16,867,750 17,393,192                    
Daily average 803,225 869,660                    
TARGET transactions on TIPS Dedicated Cash Accounts (DCA)
Total volume 112,978,592                
Daily average 3,644,471                      

Please note that changes and improvements in the reporting methodology have taken place in January 2009 and January 2013. This should be considered when comparing data from before and after the implementation dates.
CLM related payments are payments involving central banks, such as monetary policy operations. Until the go-live of the T2-T2S consolidation on 20 March 2023, all TARGET2 payments are reported as RTGS related payments.