The European Central Bank presents its annual overview of the operations of the Target large-value payment system in 2003 and looks ahead to future developments.
Some 3,350 banks use Target to initiate payments and more than 43,000 banks -including branches and subsidiaries- are accessible through Target worldwide (and thus all the customers of these banks).
In 2003, around 261,000 payments with a value of EUR1.65 trillion were transferred on average per business day. This represents a share in overall large-value payments made in euro of almost 87% in terms of value and 58% in terms of volume.
The report provides information on Target payment flows and the system’s availability and resiliency. In addition, it describes the major developments affecting the Target system.
Download the document now 786Kb - PDF