Core Principles

As requirements, the Core Principles can be seen as ‘proof of good conduct’, since they relate to all aspects of an organisation for systematically important retail payment systems; from security and management efficiency to control of financial risks and legal matters.

The ten Core Principles developed by the Bank for International Settlement (BIS) specifically for the payment market have been adopted by the ECB as a benchmark for the reliability and availability of payment systems in the euro zone. For SEPA payments compliance of our ZVS platform with the Core Principles is in progress. Our Clearing & Settlement System (CSS) complies with the relevant eight Core Principles since August 2005.