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banking.foundation / Payments / TARGET2 / T2
Payment network · RTGS · Eurozone

TARGET2 / T2

The Eurosystem's large-value payment system, settling euro payments one by one in central bank money. TARGET2 went live in 2007, succeeding the original TARGET system, and was replaced by the consolidated T2 platform in March 2023.

Type
RTGS
Operator
Eurosystem (ECB and euro-area national central banks)
Region
Eurozone
Currency
EUR
Launched
2007
Settlement model
real-time gross
Website
www.ecb.europa.eu

Approximate reference data from public sources · seed-0.1 · 2026-08-28 · not real-time, not advice. See data & methodology.

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