euroSIC System

euroSIC System

Efficient, Cost-Effective Access to Euro Financial Markets and to the Financial Centers in Switzerland and Liechtenstein

The Gateway to Euro Payments

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.

How to Participate

Take advantage of the many benefits of the euroSIC payment system. Learn more about how banks connect to it.

Infocenter euroSIC

How You Will Benefit

Accessible Anywhere

Euro payments from anywhere in the eurozone to anywhere in Switzerland and Liechtenstein and vice-versa

No Need for Correspondent Banks

Transactions with Switzerland and Liechtenstein via TARGET2 or STEP2

Security, the Swiss Way

Swiss data centers – protected against eavesdropping – and security solutions developed entirely in Switzerland create confidence and trust

Interfaces and Security

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.

Further information

Real-Time, Risk-Free Liquidity Management

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.

Subsidiary of SIX

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. 

Swiss Euro Clearing Bank
Service Package

Discover Our Services

Downloads and Services

Turnover per Month

Turnover in the last 12 months (in bn EUR)

Transactions per Month

Number of transactions in the last 12 months (in thousand)

In detail

Turnover per Year

Turnover since 1999 (in bn EUR)

Transactions per Year

Number of transactions since 1999 (in thousand)

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