SIC (Swiss Interbank Clearing)

Roles that need it

• Payments Operations Analyst
• Treasury Operations Analyst
• Payments Messaging Specialist (SWIFT)
• Payments & Cash Management Sales (Financial Institutions)

Skills it belongs to

• Payment systems and messaging (SWIFT, ISO 20022, SEPA, ACH, UPI)

Related concepts

• Real-time gross settlement (RTGS)Real-time gross settlement (RTGS) is the settlement of payments one by one, as soon as they are processed and without netting, usually in central bank money. It removes settlement risk between participants and needs more liquidity than net settlement. T2 in the euro area, CHAPS in the UK and SIC in Switzerland are RTGS systems.
• T2 (TARGET RTGS and central liquidity management)T2 is the Eurosystem's real-time gross settlement system for euro, which replaced TARGET2 in March 2023. It combines Central Liquidity Management, where banks hold their main central bank accounts, with an RTGS service where high-value payments settle one by one in central bank money. It is part of the TARGET Services with T2S and TIPS.
• CHAPSCHAPS is the UK's high-value sterling payment system, operated by the Bank of England, which settles payments one by one in central bank money through its real-time gross settlement service. It is used for interbank payments, large corporate payments and house purchases, and moved to ISO 20022 messages in 2023.

Sources

• Swiss Interbank Clearing, Swiss National Bank (external site) accessed 31 Oct 2026

Updated 31 Oct 2026.