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Monitoring © Bundesbank

TARGET2 - an integrated Europe for individual payments

TARGET stands for Trans-European Automated Real-time Gross settlement Express Transfer system and is the settlement system used by Eurosystem central banks for urgent, real-time transfers.


Statistics and monitors

TARGET2 - Balance

Bundesbank's TARGET2 claims
Amount: EUR 715,737,921,625.34
(As at: 30 September 2016)
Further information on the TARGET2 balance.


Pile of publications

Terms & Conditions and Publications

Here you can find the terms and conditions, Annual Reports and many other publications concerning TARGET2.


Image on payment systems fact sheet

TARGET2 – a single Europe for individual payments

Open file 269 KB, PDF

Additional information

Customer Area TARGET2  

The TARGET2 customer area pages provide TARGET2 users with further information as well as everything they need to prepare for direct participation in TARGET2. Among other services, these pages contain the main documentation and provide you with access to the relevant registration forms for new participants and changes to master data.

If you have not yet applied for access, register now to use these services.

Access customer area

Initial registration


call centre adviser

If you have any questions about TARGET2 live or test operations (National Service Desk) or about TARGET2 in general, you can find the relevant contact details here.