Difference between revisions of "EURO1"
From Open Risk Manual
Wiki admin (talk | contribs) |
Wiki admin (talk | contribs) |
||
| Line 2: | Line 2: | ||
'''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. | '''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 | + | 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]]. |
[[Category:Fintech]] | [[Category:Fintech]] | ||
| + | [[Category:SWIFT]] | ||
Latest revision as of 11:31, 15 June 2021
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.
