The report provides information on TARGET2 traffic, its performance and the main developments that took place in 2016.
In 2016 TARGET2 maintained its leading position in the European landscape, processing 90% of the total value settled by large-value payment systems in euro, and in the world as one of the biggest payment systems. Compared with the previous year, the total turnover processed decreased by 5% and amounted to almost €446 trillion. The total volume of payments remained at almost the same level as in the previous year at approximately 88 million transactions.
The highest daily turnover during the year was registered on 29 June, with a total value of €2,621 billion, and the highest daily payments volume was recorded on 30 June 2016, when 533,100 transactions were processed.
The availability of TARGET2’s Single Shared Platform (SSP) in 2016 stood at 100%.
Full report
© ECB - European Central Bank
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