The European Central Bank (ECB) has published its 2013 annual report on the TARGET2 system. The report:
- provides information on TARGET2 traffic, its performance and the main developments of 2013. TARGET2 processed 91% of the total value settled by large-value euro payment systems. 2.1% more payments were processed in 2013 than in 2012, with an average daily volume of over 363,000 transactions. Notably though, the value of transactions decreased by 22.2% on account of new data collection methodology;
- sets out a general overview of the TARGET2 system. Almost 57,000 credit institutions across the world can be addressed via the system; and
- contains focus boxes on the changes to the statistical framework, the TARGET2 simulator, and the liquidity management implications of TARGET2-securities.
View Target Annual Report 2013, 22 May 2014