The euro, as a single currency which is already used as the official payment means in 19 of the 28 EU member states, as well as in a further six countries outside the EU, makes it possible for banks to consolidate their payment traffic to a few efficient connections with correspondent banks and clearing systems.
SECB and SIX Interbank Clearing, as operators of the euroSIC system, provide the unique combination of a settlement bank and clearing system. They provide the processing of euro payments for the participating financial institutions within the system and cross-border in real time, with 24-hour availability on all bank working days without excessive liquidity requirements and at very attractive conditions.
As a European correspondent bank, the SECB also offers its highly-qualified services to banks that are not euroSIC participants and that are interested in both a central connection to the most important clearing systems within the European monetary union and to financial institutions in Switzerland.
As an entry point into Switzerland, the SECB provides the free routing of payments to all euroSIC participants.
For their payment transactions, SECB customers profit from the geographical reach extending throughout Europe and worldwide.
You can find a list of all connected and reachable financial institutions in the section Publications.