SIX Interbank Clearing
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SIX Interbank Clearing AG (before November 2008: Swiss Interbank Clearing AG), based in Zurich, Switzerland, is a subsidiary of
SIX Group SIX operates the infrastructure for the Swiss financial centre. The company provides services relating to securities transactions, the processing of financial information, payment transactions and is building a digital infrastructure. The company ...
. Since 1987 SIX Interbank Clearing has operated on behalf of the
Swiss National Bank The Swiss National Bank (SNB; german: Schweizerische Nationalbank; french: Banque nationale suisse; it, Banca nazionale svizzera; rm, Banca naziunala svizra) is the central bank of Switzerland, responsible for the nation's monetary policy an ...
a payment platform for the processing of domestic and international payments ( clearing) in
Swiss francs The Swiss franc is the currency and legal tender of Switzerland and Liechtenstein. It is also legal tender in the Italian exclave of Campione d'Italia which is surrounded by Swiss territory. The Swiss National Bank (SNB) issues banknotes and the f ...
and, since the introduction of the
euro The euro ( symbol: €; code: EUR) is the official currency of 19 out of the member states of the European Union (EU). This group of states is known as the eurozone or, officially, the euro area, and includes about 340 million citizens . ...
, also of payments in euros. This platform - which includes the
Swiss Interbank Clearing The Swiss Interbank Clearing (SIC) system is a mechanism for the clearing of domestic and international payments. History The development of the SIC started in 1980. Since 1987, the SIC system has been operated by SIX Interbank Clearing (100% o ...
system for francs and euroSIC for euros - 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.


activities

SIX Interbank Clearing also participates in various committees to standardize national and international payments (
IBAN IBAN or Iban or Ibán may refer to: Banking * International Bank Account Number Ethnology * Iban culture The Ibans or Sea Dayaks are a branch of the Dayak people, Dayak people on the island of Borneo in Southeast Asia. It is believed that the ...
and SEPA). SIX Interbank Clearing also maintains the tables, history and ongoing discussion for ISO 4217, the ISO standard that defines international
currency A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general ...
codes.


References


External links

* http://www.six-interbank-clearing.com/en/home/payment-services/sic.html * http://www.six-interbank-clearing.com/en/home/payment-services/eurosic.html {{Authority control Banking in Switzerland