Swiss Interbank Clearing: Difference between revisions
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The '''Swiss Interbank Clearing''' system is a payment platform for the processing of domestic and international payments (clearing) in Swiss francs and since the introduction of the euro and of payments in euro. This platform - which includes the inter-b |
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The '''Swiss Interbank Clearing''' system is a payment platform for the processing of domestic and international payments (clearing) in Swiss francs and since the introduction of the euro and of payments in euro. This platform - which includes the inter-bank payment systems SIC for francs and euroSIC for euro - connects virtually all Swiss financial institutions and a number of banks outside Switzerland. This makes it possible for financial institutions worldwide to handle electronic payments in euros and Swiss francs in Switzerland around the clock in real time. |
The '''Swiss Interbank Clearing''' ('''SIC''') system is a [[payment platform]] for the processing of domestic and international payments (clearing) in Swiss francs and since the introduction of the euro and of payments in euro. This platform - which includes the inter-bank payment systems SIC for francs and euroSIC for euro - connects virtually all Swiss financial institutions and a number of banks outside Switzerland. This makes it possible for financial institutions worldwide to handle electronic payments in euros and Swiss francs in Switzerland around the clock in real time. |
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Since 1987 the SIC system has been operated by [[SIX Interbank Clearing]] on behalf of the [[Swiss National Bank]]. |
Since 1987 the SIC system has been operated by [[SIX Interbank Clearing]] on behalf of the [[Swiss National Bank]]. |
Revision as of 19:20, 25 March 2013
The Swiss Interbank Clearing (SIC) system is a payment platform for the processing of domestic and international payments (clearing) in Swiss francs and since the introduction of the euro and of payments in euro. This platform - which includes the inter-bank payment systems SIC for francs and euroSIC for euro - connects virtually all Swiss financial institutions and a number of banks outside Switzerland. This makes it possible for financial institutions worldwide to handle electronic payments in euros and Swiss francs in Switzerland around the clock in real time.
Since 1987 the SIC system has been operated by SIX Interbank Clearing on behalf of the Swiss National Bank.