Payment Explorer
Swiss Credit Transfer (SIC / SIC IP)
Domestic Swiss franc transfer on SIX Interbank Clearing: instant payment (<10s on SIC5 platform) or regular RTGS credit transfer under Swiss Payment Standards (SPS 2026).
Scheme SIC Payment Scheme
Read the numbered story first. The switches change the situation. When a step is clear, open a technical trace to see the messages banks send.
Payer country
Where the payer’s account is. Cut-off times and the usual network can change.
Which network
The system between banks that actually moves the money — not the app you tap.
How it ends
The money arrives, the other bank refuses, nobody answers in time, or a bank later asks to reverse a credit (recall).
Actor labels
Plain names (Payer / Beneficiary), ops shorthand (Orig / Bene), or ISO account sides (Dbtr / Cdtr). On SDD the creditor is Orig.
What this country changes for the payer’s bank.
Cut-off
SIC CHF runs on Swiss business-day windows; SIC IP is the instant CHF rail. euroSIC carries EUR for Swiss participants.
Reachability
CHF domestic is SIC / SIC IP — not SEPA. EUR from a Swiss bank may go euroSIC rather than STEP2/TIPS.
Local notes
Swiss Payment Standards IG versions and ClrSys codes bind SIC traffic. Do not reuse SEPA INST service levels on CHF SIC.
- 01
Payer→Payer’s bank
€100t+0The payer initiates a Swiss franc credit transfer (with QR-bill).
pain.001.001.09.ch.03 initiation
- 02
- 03
Clearing / settlement→Beneficiary’s bank
SIC delivers the credit transfer to the creditor bank.
pacs.008 delivered to creditor participant
- 04
Beneficiary’s bank→Clearing / settlement
The receiving bank accepts and credits the account.
pacs.002 ACSC confirmation
- 05
Beneficiary’s bank→Beneficiary
Funds are credited to the beneficiary in central bank money.
camt.054 credit notification
Go deeper
The same journey as ISO 20022 messages. Open one when you want the sequence and the XML.
Try in live showcase