With the Swiss Value Chain, the Swiss financial center has a financial market infrastructure electronically integrating the three elements of a securities transaction on an online and real-time basis. The trading systems SWX, SWX Europe and Eurex Repo, the settlement system SECOM and the Swiss franc and euro RTGS systems SIC and euroSIC are linked together in a way that allows securities transactions to be processed immediately after the actual trade.

Swiss RTGS systems

The SIC system processes interbank payments in Swiss francs on behalf of and under the supervision of the Swiss National Bank. In association with SECB Swiss Euro Clearing Bank, Swiss Interbank Clearing operates the euroSIC system for euro transactions on behalf of the Swiss financial center. The RTGS systems of Switzerland allow efficient and inexpensive access to the Swiss financial market, especially to repo trading (Swiss Value Chain). Volumes processed in both RTGS systems reached 360 million transactions valued at USD 53 trillion in 2007.

For more information about the payment systems SIC and euroSIC, please click here or get in touch with our Sibos delegates and exhibitors.

SEPA payments

euroSIC/SECB, the Swiss financial center's joint venture allows banks to make crossborder, SEPA-compliant euro payments. Thanks to euroSIC’s connectivity to systems of European payments processors like Vocalink, EBA (STEP2) and Deutsche Bundesbank (SEPA-Clearer), participating banks may receive and submit SEPA credit transfers throughout the Single Euro Payments Area.

For more information about SEPA payments, please click here or get in touch with our delegates and exhibitors.

Non-SEPA payments

Banks can submit non-SEPA euro payments to Switzerland and Liechtenstein – fast and inexpensively. Due to their connectivity options euroSIC/SECB enable efficient payment paths via TARGET2 of the European Central Bank, STEP1 of EBA and EMZ of the Deutsche Bundesbank to more than 170 Swiss and Liechtenstein financial institutions.

For more information, please click here or get in touch with our delegates and exhibitors.