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Since 1987, the SIC system has been operated by SIX Interbank Clearing (100% owned by the SIX Group) on behalf of the Swiss National Bank (SNB). [1] [3] 12 Swiss banks participated in the launch. The SIC was one of the first real-time gross settlement system operating worldwide, following Cedel launched in 1970.
SIX Interbank Clearing AG (before November 2008: Swiss Interbank Clearing AG), based in Zürich, Switzerland, is a subsidiary of SIX Group. Since 1987 SIX Interbank Clearing has operated on behalf of the Swiss National Bank a payment platform for the processing of domestic and international payments ( clearing ) in Swiss francs and, since the ...
SIX Swiss Exchange (formerly SWX Swiss ... clearing and settlement system. ... (fixed exchange rates) by the United States, in the 1970s, ...
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AMSTERDAM/LONDON (Reuters) -Eurozone bond yields surged on Thursday after an unexpected interest rate hike by Switzerland turned the focus to the ramifications of a policy shift for the region.
SIC (Swiss Interbank Clearing) [47] Taiwan: CIFS (CBC Interbank Funds Transfer System) [48] Tunisia: Système de Virements de Gros Montant Tunisien (SGMT) [49] Tanzania: TIS (Tanzania Interbank Settlement) [50] Thailand: BAHTNET (Bank of Thailand Automated High Value Transfer Network) [51] Turkey: EFT (Electronic Fund Transfer) [52] Ukraine
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The Swiss National Bank (SNB; German: Schweizerische Nationalbank; French: Banque nationale suisse; Italian: Banca nazionale svizzera; Romansh: Banca naziunala svizra) is the central bank of Switzerland, responsible for the nation's monetary policy and the sole issuer of Swiss franc banknotes. The primary goal of its mandate is to ensure price ...