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Traffic settled in the TARGET Services

Monthly statistics of traffic settled in the TARGET Services, which are owned and operated by the Eurosystem and currently comprise T2, T2S and TIPS. The T2 service comprises the Central Liquidity Management (CLM) service and the Real-Time Gross Settlement (RTGS) service.

Traffic settled in the TARGET Services

Settled volumes

2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999

Settled values

2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009
2008
2007
2006
2005
2004
2003
2002
2001
2000
1999

Traffic settled on T2 accounts per national TARGET component

Settled volumes

2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009

Settled values

2023
2022
2021
2020
2019
2018
2017
2016
2015
2014
2013
2012
2011
2010
2009

Traffic settled on T2S Dedicated Cash Accounts (DCA) per national TARGET component

Settled volumes

2023
2022
2021
2020
2019
2018
2017
2016
2015

Settled values

2023
2022
2021
2020
2019
2018
2017
2016
2015

Cross-border payments sent by each RTGS system participating in or connected to TARGET

Volume of transactions

2008
2007
2006
2005
2004
2003
2002
2001
2000
1999

Value of transactions

2008
2007
2006
2005
2004
2003
2002
2001
2000
1999

Domestic payments in each RTGS system participating in or connected to TARGET

Volume of transactions

2008
2007
2006
2005
2004
2003
2002
2001
2000
1999

Value of transactions

2008
2007
2006
2005
2004
2003
2002
2001
2000
1999

Notes

TARGET commenced operations on 4 January 1999, a few days after the launch of the euro. TARGET2 was launched on 19 November 2007 and fully replaced the first-generation TARGET by May 2008. TARGET2-Securities (T2S) went live in June 2015. TARGET Instant Payment Settlement (TIPS) was launched in November 2018. The T2-T2S consolidated platform went live on 17 March 2023, leading to the replacement of TARGET2 with T2.

Due to the methodological changes resulting from the go-live of the T2-T2S consolidated platform, the T2 statistics may be subject to revisions in the first year of operations.

As of 2023, the statistics related to other euro large-value interbank funds transfer system (e.g., EURO1/STEP1) are no longer published.

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