EBA CLEARING, SWIFT and The Clearing House join forces to speed up and enhance cross-border payments
Retrieved on:
Monday, October 11, 2021
CHIPS, Private sector, Financial Stability Board, HSBC, EURO1, J. P. Morgan, Citigroup, USD, Immediate, Finance, Solution, Clearing house, PNC Financial Services, Intesa Sanpaolo, NEW, New product development, Bank, FSB, Regional Civil Service Development Institute, RTP, EUR, EBA, Treasury, Committee, Bank of America, IXB, ISO, Intesa Sanpaolo Bank (Albania), Leadership, CPMI, The Clearing House, Partnership, Technology, TCH, Ecosystem, BBVA, Financial services
The concept could be expanded to additional currencies and is also replicable for more liquidity-efficient high-value payments.
Key Points:
- The concept could be expanded to additional currencies and is also replicable for more liquidity-efficient high-value payments.
- We welcome the continued collaboration between commercial banks, SWIFT, EBA CLEARING and TCH on this initiative."
- Our participation on both The Clearing House and EBA CLEARING payments systems means we're uniquely positioned to ensure a consistent faster payment experience end-to-end and across regions."
- EBA CLEARING, SWIFT and TCH are planning to engage in next steps towards developing IXB.