In an age of digital transformation, SIX offers secure and convenient payment solutions for a sustainable Swiss financial center.
SIX offers smart, flexible solutions for banks issuing debit cards. Our issuing processing is precisely tailored to cardholders’ needs.
SIX Is the Go-To-Market Partner for ATM and Cash Solutions
SIX offers payments processing services between financial institutions.
Efficient, Cost-Effective Access to Euro Financial Markets and to the Financial Centers in Switzerland and Liechtenstein
With euroSIC, Switzerland as a non-EU member state has an interface to European financial centers. euroSIC provides an efficient and secure link to the TARGET2 RTGS system of eurozone member countries, as well as to the German and pan-European EMZ and STEP2 bulk payment systems. Thus euroSIC participants have a rapid, cost-efficient and real-time connection to all financial institutions in the EU and EEA. Conversely, euroSIC enables EU and EEA banks to conduct euro transactions with euroSIC participants.
Take advantage of the many benefits of the euroSIC payment system. Learn more about how banks connect to it.
Euro payments from anywhere in the eurozone to anywhere in Switzerland and Liechtenstein and vice-versa
Transactions with Switzerland and Liechtenstein via TARGET2 or STEP2
Swiss data centers – protected against eavesdropping – and security solutions developed entirely in Switzerland create confidence and trust
Banks connect to the SIC and euroSIC payment systems via Messaging Gateway, SWIFT or the web portal. SASS and Finance IPNet ensure the highest possible level of security for both hardware and software.
euroSIC offers online liquidity management and automatically checks whether a payment order is sufficiently coveredby funds. All participants maintain a settlement account that the euro payment system balances daily using a sight deposit account at the Swiss Euro Clearing Bank (SECB).
euroSIC only executes a transaction irrevocably and finally once this check has confirmed that the necessary funds are available. Otherwise, the transaction is routed to a wait file and kept pending until sufficient funds have become available through a liquidity supply. The payment beneficiary can then immediately access the credited amount without exposure to credit and liquidity risks.
The system manager Swiss Euro Clearing Bank (SECB) supervises and monitors the euroSIC system. It processes all of the system participants’ euro payments smoothly and efficiently.
Financial institutions participating in the euroSIC system can process all types of cross-border euro payments at any time via the EU’s TARGET2 system.
Access More than 3,200 Bank Branches in Switzerland and Liechtenstein
Banks from all over Europe process their SEPA-compliant credit transfers and direct debits via the Swiss payment channel.
Turnover in the last 12 months (in billion EUR).
Number of transactions in the last 12 months (in thousand)
Turnover since 1999 (in billion EUR).
Number of transactions since 1999 (in million).
euroSIC participants can submit transactions online around the clock on bank business days. Tthe euro payment system checks whether the required coverage is provided, settles and forwards the amount after positive verification around the clock.
Transactions initiated at weekends receive the settlement date of the following Monday.
Unlike the normal calendar day, the euroSIC clearing day lasts from about 18:25 CET of the previous evening until 18:15 CET on the current day, and at weekends from Friday 18:25 to Monday 18:15 CET. These are exceptionally long opening times in comparison with other euro payment systems. Any rare deviations are listed in the annually published provisions governing processing and value date alongside the official banking holidays.
The SIX Operations Center monitors operations, providing participating banks with information and support from 07:00 to 19:00 CET.