Difference between revisions of "EURO1"

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== Definition ==
 
== Definition ==
'''EURO1'''. It is a large-value payment system for same-day euro transactions at a Pan-European level, which processes transactions of high priority and urgency and primarily of a large amount at a domestic and cross-border level on a multilateral net basis. Currently, EURO1 processes in excess of 250,000 payments per day, with an overall value of approximately €210 billion. EURO1 is based on a messaging and ICT infrastructure provided by Swift.
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'''EURO1'''. It is a large-value payment system for same-day euro transactions at a Pan-European level, which processes transactions of high priority and urgency and primarily of a large amount at a domestic and cross-border level on a multilateral net basis.  
  
[[Category:Supply Chain Finance]]
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Currently, EURO1 processes in excess of 250,000 payments per day, with an overall value of approximately €210 billion. EURO1 is based on a messaging and ICT infrastructure provided by Swift.
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[[Category:Fintech]]

Latest revision as of 13:48, 13 February 2020

Definition

EURO1. It is a large-value payment system for same-day euro transactions at a Pan-European level, which processes transactions of high priority and urgency and primarily of a large amount at a domestic and cross-border level on a multilateral net basis.

Currently, EURO1 processes in excess of 250,000 payments per day, with an overall value of approximately €210 billion. EURO1 is based on a messaging and ICT infrastructure provided by Swift.

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