CLEARING SYSTEMS

The first Column contains a shortened title for the name of the clearinghouse to which the payment code listed belongs. The list includes the national real-time gross settlement (RTGS) systems combining to create TARGET, a payment system that helps facilitate Euro payments within the EU.

- Designates TARGET affiliation.
Bold implies direct participant in the clearing system.

SHORTENED TITLE FULL TITLE OF THE AFFILIATED CLEARINGHOUSE OR RTGS SYSTEM
ARTIS ARTIS - Austrian Real-Time Interbank Settlement
BACS BACS (UK)
BIREL BIREL - Banca d'Italia Regolamento Lordo (Italy)
BOF BOF (Finland)
CHAPS € CHAPS € (UK)
CHAPS £ CHAPS £ (UK)
ELLIPS ELLIPS (Belgium)
EPM EPM-ECB Payment Mechanism (Europe)
EURO1 EBA EURO1
FPS £ Faster Payments Service (UK)
HERMES Hermes Euro-Hellenic Real-Time Money Transfer Express System (Greece)
IRIS IRIS (Ireland)
KRONOS KRONOS (Denmark)
LIPS LIPS Gross - Luxembourg Interbank Payments System
RIX RIX (Sweden)
RTGSplus RTGSplus (Germany)
SARIE (EFT) Saudi Arabia Riyal Inter-bank Express
SCT SEPA Credit Transfer
SCT Inst SEPA Instant Credit Transfer
SDD SEPA Direct Debit
SLBE SLBE (Spain)
SPGT SPGT (Portugal)
STEP1 EBA STEP1
STEP2 EBA STEP2 (PE-ACH)
TBF TBF-Transferts Banque de France
TOP TOP (Netherlands)

EURO1
A private sector-owned high-value payment system for cross-border and domestic transactions in euro between banks operating in the European Union.

PE-ACH
Pan-European Automated Clearing House

SARIE (EFT)
The Saudi Arabia Riyal Inter-bank Express (SARIE) is a single electronic funds transfer system in Saudi Arabia for high and low value payments. The first four characters of a banks' SWIFT BIC code serve as bank identifier.

SEPA
The Single European Payments Area (SEPA) initiative provides a unified STP payments system for all EU member states for direct debits, credits and card payments.

STEP1
A payment system for processing single cross-border commercial transactions in euro. The system enables banks that operate in the European Union to exchange commercial payments with other STEP1 participants as well as the entire EURO1 community.

STEP2
The first PE-ACH for bulk payments in euro for retail credit transfers of up to €50,000 per transaction. Instructions must include the beneficiary´┐Żs IBAN and BIC of the beneficiary's bank.