SEPA Clearing Mechanism Operator

 
SIA has developed a processing and clearing solution to simplify and manage the process of migration to the SEPA standards, in accordance with the payments industry evolution roadmap, in order to meet banks’ needs to provide customers with collection and payment instruments (SEPA Credit Transfer - SCT and SEPA Direct Debit - SDD), as defined by the new European standards.
Contacts
Email: sales@sia.eu
 
 
SEPA Clearing solution

The SEPA Clearing solution covers:

  • core clearing for SEPA products, web-based access to monitor information managed by the central system relating to flows and operations exchanged, transmission of the information needed for balancing of accounts (for each settlement and close of day cycle), and balancing of traffic
  • readiness to process legacy volumes, after the ramp up period
  • the option to choose between T2 ancillary systems: the BI-COMP retail clearing system managed by the Bank of Italy and EBA Clearing MNM (Multilateral Netting Module)
  • the option to choose between two networks, SIAnet and SWIFTNet, for the exchange of flows between the bank's back office system and the clearing platform.
 
 
Value-Added Services

In the SEPA scenario, SIA supports banks both in the migration to the pan-European instruments and for the development of value-added services, permitting the business opportunities deriving from SEPA to be seized:

  • credit transfer transferability
  • mandate management


 
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