Clearing & settlement

Swiss Payment Standards / SIC

SIC Instant Payment (SIC IP)

CHF instant payment on the SIX SIC5 platform — sub-10s (<10s) 24/7/365 settlement in SNB central bank money.

Why read this

Swiss instant A2A payments under SIX specifications. Mandated for major Swiss banks in Aug 2024 and all banks by end of 2026. 100% pre-funded without overdraft.

Try editor — open message samples →

Try in live showcase

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

Messages · pacs.008 → pacs.002

sicsic-ipinstantchfpacs.008sic5

Transaction flow

ASPSPBankRailRTGSCreditorBank01 pacs.008 SIC IP submit01 pacs.00802 Forward to creditor participant02 pacs.00803 pacs.002 ACSC03 pacs.00204 Status back to debtor bank04 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 SIC IP submit

Clearing layer

Debtor bank reserves funds and submits pacs.008 with ClrSys=SIC and LclInstrm=INST/CHIP into the SIC5 IP service. Clock SLA <10s starts.

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 SIC Instant Payment

CHF instant credit on SIC IP. Same message family as SCT Inst, Swiss instant ClrSys.

<Document xmlns="http://www.six-interbank-clearing.com/de/pacs.008.001.08.ch.02.xsd">
<FIToFICstmrCdtTrf>
<GrpHdr>
<MsgId>PACS8-SIP-20260812-009</MsgId>
<CreDtTm>2026-08-12T10:15:00.123</CreDtTm>
<NbOfTxs>1</NbOfTxs>
<TtlIntrBkSttlmAmt Ccy="CHF">42.50</TtlIntrBkSttlmAmt>
<IntrBkSttlmDt>2026-08-12</IntrBkSttlmDt>
<SttlmInf>
<SttlmMtd>CLRG</SttlmMtd>
<ClrSys>
<Prtry>SICIP</Prtry>
</ClrSys>
</SttlmInf>
<InstgAgt>
<FinInstnId>
<BICFI>UBSWCHZH80A</BICFI>
</FinInstnId>
</InstgAgt>
<InstdAgt>
<FinInstnId>
<BICFI>ZKBKCHZZ80A</BICFI>
</FinInstnId>
</InstdAgt>
</GrpHdr>
<CdtTrfTxInf>
<PmtId>
<EndToEndId>E2E-SIP-2026-0042</EndToEndId>
<TxId>TX-SIP-0000042</TxId>
</PmtId>
<PmtTpInf>
<LclInstrm>
<Prtry>INST</Prtry>
</LclInstrm>
</PmtTpInf>
<IntrBkSttlmAmt Ccy="CHF">42.50</IntrBkSttlmAmt>
<ChrgBr>SHAR</ChrgBr>
<Dbtr>
<Nm>Anna Meier</Nm>
</Dbtr>
<DbtrAcct>
<Id>
<IBAN>CH9300762011623852957</IBAN>
</Id>
</DbtrAcct>
<DbtrAgt>
<FinInstnId>
<BICFI>UBSWCHZH80A</BICFI>
</FinInstnId>
</DbtrAgt>
<CdtrAgt>
<FinInstnId>
<BICFI>ZKBKCHZZ80A</BICFI>
</FinInstnId>
</CdtrAgt>
<Cdtr>
<Nm>Jonas Keller</Nm>
</Cdtr>
<CdtrAcct>
<Id>
<IBAN>CH5604835012345678009</IBAN>
</Id>
</CdtrAcct>
</CdtTrfTxInf>
</FIToFICstmrCdtTrf>
</Document>
43 elementsdepth 5pacs.008.001.08.ch.021392 charsxml
Open sample page →All pacs.008 samples →Try editor — open message samples →See this step in live →