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)
Value settled per year (TARGET2 traffic)
(left-hand scale: EUR billions: right -hand scale: percentage)
Distribution of TARGET2 transactions across value bands
(in percentages)
