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: 2 July 2025)
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)
