euroSIC System Payments to the Eurozone Euro Payments to the Swiss Franc Zone SEPA Payments Products & Services Banking Services Interbank Clearing euroSIC System SEPA Payments SEPA Payments Processing SEPA-Compliant Credit Transfers and Direct Debits via euroSIC Processing SEPA Payments Banks from all over Europe process their SEPA-compliant credit transfers and direct debits via the Swiss payment channel of euroSIC / Swiss Euro Clearing Bank (SECB). Participating banks are able to receive and submit SEPA credit transfers because euroSIC is connected to the systems of European payment processors. Single Euro Payments Area (SEPA) Learn more about the Single Euro Payments Area (SEPA).SEPA and Switzerland How You Will Benefit Standardized Payments are based on internationally standardized processes, terms and formalities Pan-European The entire SEPA zone is covered Interconnected The euroSIC system is connected to Europe’s most important clearing systems Process SEPA Direct Debits The rulebooks by the EPC (European Payments Council) serve as the basis for processing SEPA direct debits for both private and business customers.Participation Process About This Service euroSIC participants can easily receive and send SEPA credit transfers and SEPA direct debits, based on the rulebooks and agreements laid out by the European Payments Council (EPC). SEPA Credit Transfer Using the euroSIC system, financial institutions can submit and receive SEPA credit transfers easily. Participating in the SEPA Credit Transfer Scheme Please click SEPA Core Direct Debit SchemeThe SEPA Core Direct Debit Scheme Rulebook is the basis for processing SEPA-compliant direct debits for private customers. It stipulates that: debtors must be granted the right to object pre-notification of an upcoming debiting of the debtor by the creditor is required clearly defined chargeback processes exist transactions are processed using standard formats (ISO 20022) and data content (IBAN and BIC) Swiss Guidelines SEPA Business-to-Business Direct Debit SchemeThe SEPA Business-to-Business Direct Debit Scheme is used for business customers. It essentially differs from the SEPA Core Direct Debit Scheme in that: the debtor must be a bank or a business, the debtors need not be granted the right to object, no refund is possible once the debtor’s account has been debited, and shorter terms can be used. Swiss Guidelines SEPA Direct Debits for Financial Institutions in Switzerland and LiechtensteinFinancial institutions in Switzerland and Liechtenstein that participate in the SEPA direct debit scheme require, among other things, new contracts, new creditor identification numbers (creditor identifiers) and new direct debit authorizations (mandates). Mandates are the prerequisite for collecting payments from the debtors. The debtor thereby authorizes the creditor to debit his/her account at the financial institution provided. Resources and Support Downloads Online Services Regulatory Documents Swiss Guidelines for the SEPA Core Direct Debit Mandate Swiss Guidelines for the SEPA B2B Direct Debit Mandate EPC Register of Participants in the SEPA Direct Debit Scheme Inquiry IID Inquiry IBAN Bank Master System Status Participation in the SEPA Credit Transfer SchemeFinancial institutions must submit the following forms in Word format, duly signed and dated, to SIX Interbank Clearing. Once they have been checked, SIX Interbank Clearing forwards the documents to the EPC (European Payments Council), which confirms their receipt in writing to the financial institution. The EPC also directly informs the financial institution of the approval decision. Form 1: SEPA Credit Transfer Scheme Adherence Agreement (Annex B-1) EPC-Guide Form 2: SEPA Credit Transfer Scheme Schedule (Annex B-2) SEPA Credit Transfer Scheme Schedule to the Adherence Agreement – Template Form 3: SEPA Credit Transfer Scheme Legal Opinion (Annex B-3) SEPA Credit Transfer Scheme Legal Opinion - non SEPA countries (Annex B-4) Any Questions? We Are Happy to Help. +41 58 399 4700 Get in Touch