Clearing Systems of EBA
It is a set of Clearing Systems which are working on a pan-European level, more precisely they allow to execute payments within SEPA.
How do Clearing Systems of EBA work?
Clearing Systems of EBA is made up of the following: EURO1, STEP1, STEP2-T, STEP2 SCT, STEP2 SDD Core, STEP2 SDD B2B, STEP2 CC, SEDA, RT1, TIPS.
They are functioning as a technical infrastructure for the Clearing and are operated by the European Banking Authority. Generally, they work in the same manner as all other Clearing Systems.