CSM (Clearing and Settlement Mechanism)
Inter-bank system clearing and settling payment operations.
STEP2 (EBA Clearing) is the dominant SEPA CSM. TIPS (ECB) and RT1 (EBA) operate SCT Inst. In Spain, SNCE clears domestic operations.
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Inter-bank system clearing and settling payment operations.
STEP2 (EBA Clearing) is the dominant SEPA CSM. TIPS (ECB) and RT1 (EBA) operate SCT Inst. In Spain, SNCE clears domestic operations.
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