T2 facts and figures
|
Launch |
2023 |
|---|---|
| Currency | Euro, Danish krone |
|
Settlement model |
Real-time gross settlement (RTGS) in central bank money |
|
No of ancillary systems |
67 ancillary systems |
|
Daily averages |
409,444 payments totalling €2,193 billion |
|
Average transaction value |
€5,4 million |
|
Payment values |
< €50,000 (72% of all T2 payments*)> €1 million (9% of all T2 payments*) |
|
Payments processed in less than five minutes |
99.85% < 2 minute, 0.06% between 2-5 minutes, 0,09%> 5 minutes |
* The values include both TARGET2 and T2 values, as T2 was launched in March 2023.
More information in the 2023 TARGET Annual Report Monthly statistics of payment instructions processed by the TARGET ServicesT2 reachable parties
List of T2 participants (Last update: 2 April 2025)
T2 statistics
T2 Turnover*
(left-hand scale: EUR billions; right hand scale: percentage)
T2 traffic*
(left-hand scale: number of transactions in millions: right -hand scale: percentage)
Distribution of T2 transactions across value bands in 2023*
(in percentages)
* T2 replaced TARGET2 in March 2023. These charts include the statistics of both systems.