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| Home / Information about / Financial stability / Oversight of payment and securities settlement systems |
| Payment and securities settlement systems |
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| Selected payment systems in brief |
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Function
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Real-time gross settlement system for payments in Swiss francs
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Real-time gross settlement system in euros that is connected to EU payment transactions for Swiss banks
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Various data carrier applications, payment card systems and cheques
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Multi-currency payment system for foreign exchange transactions that guarantees payment-versus-payment (17 currencies)
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Start of operations
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1987
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1999
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Introduction since the mid-1970s
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2002
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Operator
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SIX Interbank Clearing AG (www.sic.ch) (SIC AG), company of SIX Group AG (75%) and PostFinance (25%), on behalf of the SNB
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SIX Interbank Clearing AG (www.sic.ch) (SIC AG), company of SIX Group AG (75%) and PostFinance (25%)
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SIX Paynet
SIX Multipay
SIX Card Solutions
SIX Multi Solutions, banks and PostFinance
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CLS Bank International, New York, CLS Services Ltd., UK, subsidiaries of CLS Group Holdings AG, Switzerland (www.cls-group.com)
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Settlement institution
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Swiss National Bank
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SECB Swiss Euro Clearing Bank GmbH (www.secb.de) with headquarters in Frankfurt
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Settled mostly in SIC, partly also through banks’ inhouse systems and PostFinance
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CLS Bank International, New York
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Participants
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Approx. 350; primarily Swiss banks and securities dealers as well as approx. 90 foreign banks and securities dealers with remote access
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Approx. 150; primarily Swiss banks and securities dealers
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Banks and PostFinance
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Approx. 60 banks worldwide, incl. 3 Swiss banks (UBS, CSG and ZKB)
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Turnover (2008), daily average
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CHF 229 billion
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EUR 4.4 billion
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CHF 17.09 billion
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USD 3,900 billion
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Number of transactions (2007), daily average
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1,468,750
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14,300
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4,834,600
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546,200
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