EBA Clearing

Not to be confused with European Banking Authority.
EBA Clearing S.A.S
Company typeSociété par actions simplifiée
IndustryFinance
FoundedJune 1998 (1998-06)
FounderEuro Banking Association
Headquarters
Paris
,
France
ProductsClearing House, Payment service provider, Payment systems
Owner53 major European payment banks[1]
Websitewww.ebaclearing.eu

EBA Clearing is a provider of pan-European payment infrastructure wholly owned by shareholders that consist of major European banks.

It owns and operates major payment infrastructure in Europe for Euro payments between banks. This includes EURO1 for high value payments system, STEP1, a payment system for single euro payments for small and medium-sized banks, and STEP2, a pan-European automated clearing house (PE-ACH). It also operates the RT1 system for instant payments launched in November 2017.[2][3][4] Both EURO1 and STEP2 have been identified as Systemically Important Payment Systems (SIPS) by the European Central Bank.[5]

The organisation is based in Paris and has representative offices in Brussels, Frankfurt, Helsinki, London and Milan.

  1. ^ "Shareholder banks". EBA Clearing.
  2. ^ "SwiftNet Instant to provide access to EBA Clearing's RT1 system". FinExtra. October 20, 2017.
  3. ^ Long, Kimberley (July 28, 2016). "Competition questions arise over MasterCard's VocaLink buy-out". Euromoney.
  4. ^ "Echtzeitzahlungen ab November 2018: SWIFTNet Instant gibt Zugang zum RT1-System von EBA Clearing" [Real-time payments in November 2018: SWIFTNet Instant gives access to EBA Clearing's RT1 system]. IT Finanzmagazin. 11 October 2017.
  5. ^ "ECB identifies systemically important payments systems". European Central Bank. 21 August 2014.