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Facts and figures

Currency euro
Launch 2007
Settlement model Real-time gross settlement (RTGS) in central bank money
No of participants 1,050 Direct participants
697 Indirect participants
4,194 Correspondents worldwide
No of ancillary systems 82 ancillary systems
Daily averages 344,120 payments
€1,731 billion
Average transaction value €5.0 million
Payment values < €50,000 (70% of all TARGET2 payments)
> €1 million (9% of all TARGET2 payments)
Share of total large-value payment system traffic in Euro 89% in terms of value
62% in terms of volume
Payments processed in less than five minutes 100%
< 1 minute (99.9% of all enquiries)
1-3 minutes (0.10%)
More information in the 2019 TARGET Annual Report

TARGET2 statistics

Number of transactions settled per year
(left-hand scale: EUR billions; right hand scale: percentage)
TARGET2: Number of transactions settled per year

Value settled per year (TARGET2 traffic)
(left-hand scale: EUR billions: right -hand scale: percentage)
TARGET2: Value settled per year

Distribution of TARGET2 transactions across value bands
(in percentages)
TARGET2: Distribution of TARGET2 transactions across value bands in 2017