Clearing & settlement

Swiss Payment Standards / SIC

euroSIC EUR clearing leg

EUR credit transfer cleared through euroSIC for Swiss participants — ISO 20022 pacs on the euroSIC RTGS service.

Why read this

Swiss banks moving EUR via euroSIC rather than STEP2/TARGET. Same message types, euroSIC ClrSys and participant rules.

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Technical view of Swiss Credit Transfer (SIC / SIC IP)

Messages · pacs.008 → pacs.002

eurosiceurpacs.008swiss

Transaction flow

ASPSPBankRailRTGSCreditorBank01 pacs.008 into euroSIC01 pacs.00802 pacs.002 receipt02 pacs.00203 Settled delivery03 pacs.00804 pacs.002 ACSC04 pacs.002
ASPSP: BankRail: RTGSCreditor: Bank
API hop Clearing hopClick a tag on an arrow (pacs.008, …) for info, usage and sample
Messages
01

pacs.008 into euroSIC

Clearing layer

Ccy=EUR and euroSIC clearing system code. Do not confuse with SIC CHF or SEPA CSM routing.

Messagepacs.008Full detail →

The interbank credit transfer. Everything a PISP initiates eventually becomes one of these. SWIFT and ISO publish successive schema versions (…001.08, …001.10, …001.13); each market picks one via its usage guideline (EPC SEPA, CBPR+, SIC…).

This flow

Also used in

aspsprail

ISO 20022 payload· XML

pacs.008 euroSIC EUR

EUR credit via euroSIC for Swiss participants.

<Document xmlns="http://www.six-interbank-clearing.com/de/pacs.008.001.08.ch.02.xsd">
<FIToFICstmrCdtTrf>
<GrpHdr>
<MsgId>PACS8-ESIC-20260812-003</MsgId>
<CreDtTm>2026-08-12T11:00:00</CreDtTm>
<NbOfTxs>1</NbOfTxs>
<TtlIntrBkSttlmAmt Ccy="EUR">980.00</TtlIntrBkSttlmAmt>
<IntrBkSttlmDt>2026-08-12</IntrBkSttlmDt>
<SttlmInf>
<SttlmMtd>CLRG</SttlmMtd>
<ClrSys>
<Prtry>EUROSIC</Prtry>
</ClrSys>
</SttlmInf>
<InstgAgt>
<FinInstnId>
<BICFI>UBSWCHZH80A</BICFI>
</FinInstnId>
</InstgAgt>
<InstdAgt>
<FinInstnId>
<BICFI>BNPAFRPPXXX</BICFI>
</FinInstnId>
</InstdAgt>
</GrpHdr>
<CdtTrfTxInf>
<PmtId>
<EndToEndId>E2E-ESIC-2026-0003</EndToEndId>
<TxId>TX-ESIC-0000003</TxId>
</PmtId>
<IntrBkSttlmAmt Ccy="EUR">980.00</IntrBkSttlmAmt>
<ChrgBr>SHAR</ChrgBr>
<Dbtr>
<Nm>Alpine Tools AG</Nm>
</Dbtr>
<DbtrAcct>
<Id>
<IBAN>CH9300762011623852957</IBAN>
</Id>
</DbtrAcct>
<DbtrAgt>
<FinInstnId>
<BICFI>UBSWCHZH80A</BICFI>
</FinInstnId>
</DbtrAgt>
<CdtrAgt>
<FinInstnId>
<BICFI>BNPAFRPPXXX</BICFI>
</FinInstnId>
</CdtrAgt>
<Cdtr>
<Nm>Atelier Rousseau SARL</Nm>
</Cdtr>
<CdtrAcct>
<Id>
<IBAN>FR7630006000011234567890189</IBAN>
</Id>
</CdtrAcct>
</CdtTrfTxInf>
</FIToFICstmrCdtTrf>
</Document>
40 elementsdepth 5pacs.008.001.08.ch.021345 charsxml
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