SIC processes Swiss franc payments between banks in real time on behalf and under the supervision of the Swiss National Bank.
SIX Interbank Clearing offers payment transactions processing services between financial institutions. For over 25 years, its RTGS systems SIC and euroSIC have been recognized as among the world's best.
The SIC franc payment system
The euroSIC payment system
euroSIC enables banks worldwide an efficient and inexpensive access to the euro finance marketplace and the Swiss financial center.
Financial institutions from all over Europe have SEPA-compliant credit transfers as well as direct debits processed on their behalf through the Swiss payment path.
Usually, banks participate in the Swiss RTGS systems SIC and euroSIC through proprietary interfaces from software providers or through the SWIFT network.
Swiss Value Chain
This reliable value chain, which has proven itself indispensable for the Swiss financial center, networks the payment systems with stock trading and securities settlement.
CLEARIT: There is an upbeat mood in the world of cashless payments
The Swiss National Bank’s review of the history of payment traffic shows that the status quo has consistently been questioned to clear the way for innovative solutions.
New euroSIC system and SEPA credit transfers monthly peaks
In December 2016, the interbank payment system for euros reached a new all-time monthly record by processing more than 750,000 payments. The Swiss SEPA payment channel via euroSIC/SECB/STEP2 topped all previous records as well, with 429,000 transactions totaling nearly EUR 7.2 billion.