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.
How You Will Benefit
Payments are based on internationally standardized processes, terms and formalities
The entire SEPA zone is covered
The euroSIC system is connected to Europe’s most important clearing systems
Resources and Support
Participation in the SEPA Credit Transfer Scheme
Financial 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.