SECB Swiss Euro Clearing Bank GmbH and Equens SE sign agreement on Interoperability
16-09-2009
Hong Kong, 16 September 2009: SECB Swiss Euro Clearing Bank GmbH and Equens SE have signed an agreement on the implementation of a bilateral link for the exchange of SEPA Credit Transfer (SCT) payments.
The arrangement supports both companies' SEPA offerings while helping to create a more competitive market by allowing banks to choose the processor that best meets their needs. It is the intention to go-live with SCT in the first quarter of 2010. In a further step it is planned to extend the agreement to the processing of SEPA Direct Debits (SDD).