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Swiss Interbank Clearing

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This is an old revision of this page, as edited by Editive (talk | contribs) at 17:44, 7 January 2020 (I added some info on the system). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

The Swiss Interbank Clearing (SIC) system is a mechanism for the clearing of domestic and international payments.[1]

Since 1987, the SIC system has been operated by SIX Interbank Clearing AG (100% owner of the SIC) on behalf of the Swiss National Bank.[1]

By 2018, 325 financial institutions (national and international) participated in the SIC. The system process an average of 2.4 million transactions every day for an average transaction volume of CHF 156 billion. The majority of cashless transactions in Switzerand are settled through the SIC.[1]

References

  1. ^ a b c "The Swiss Interbank Clearing (SIC) payment system" (PDF). Snb.ch. November 2019. Retrieved 7 January 2020.{{cite web}}: CS1 maint: url-status (link)

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