Glossary

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.

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