T2 facts and figures
Launch | 2023 |
|---|---|
Currencies | Euro, Danish krone |
Settlement model | Real-time gross settlement (RTGS) in central bank money |
No of ancillary systems | 71 ancillary systems |
Daily averages | 421,875 payments totalling €1,811 billion |
Average transaction value | €4,3 million |
Payment values | ≤ €50,000 (70% of all T2 payments) ≥ €1 million (9% of all T2 payments) |
Payments processed in less than five minutes | 99.73% < 2 minute, 0.17% between 2-5 minutes, 0.1% > 5 minutes |
T2 reachable parties
List of T2 participants (Last update: 5 January 2026)
T2 statistics
T2 Turnover*
(left-hand scale: EUR billions; right hand scale: percentage)
* T2 replaced TARGET2 in March 2023. These charts include the statistics of both systems.
T2 traffic*
(left-hand scale: number of transactions in millions: right -hand scale: percentage)
* T2 replaced TARGET2 in March 2023. These charts include the statistics of both systems.
Distribution of T2 transactions across value bands in 2024
(in percentages)
