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SIC IP (Instant Payments)

FPS

Swiss instant payments - 24/7/365 real-time clearing and settlement. Launched August 2024 on the SIC5 platform (new generation of the central Swiss payment system, live since November 2023).

NowHours: computing from the published schedule…Service condition: not monitored details

ClearingPost does not assess whether SIC IP (Instant Payments) is running normally.

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Dated items ClearingPost holds, each with its source and whether the date is confirmed

No supported upcoming items in ClearingPost's records for SIC IP (Instant Payments).

ClearingPost holds sourced upcoming items for 16 of 150 systems; an empty list is a statement about ClearingPost's records, not about a system's plans.

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Material, sourced changes ClearingPost recorded; corrections to its own record are labelled as such

Sources ClearingPost reads SIX Group · Authoritative (T1) · 9 of 14 fields carry a source and a recorded date · latest sourced entry recorded 8 Sep 2026 · evidence details ↓

Record · SIC IP (Instant Payments)

Country
Switzerland (CH)
Currency
Swiss Franc (CHF)
Operator
SIX / SNB
Type
FPS
Operating Window
24/7/365
Year Established
2024
Tier?
Tier 2
ISO 20022?
Migrated
Region
Europe
Settlement Type?
Gross
Participants
100+ institutions (>95% of Swiss payments)
Avg Daily Transactions
~10,000 (Phase 1, 63 banks live, early 2025)
Availability
24/7/365
Notes

SIC Platform Release 5.3 deploys November 13, 2026 across SIC RTGS, SIC IP, and euroSIC RTGS. Participant onboarding suspended November-December 2026 due to migration from RTGS service to new SIC platform. Last possible onboarding date in 2026 is October 1. Updated handbooks available from July 2026.

SIX / SNB official website →
Reference Sources
SIX Group
Authoritative (T1)Entry recorded Mar 16, 2026
Status →Operating Schedule →API Docs →
See all FPS systems →See all systems in Switzerland →ISO 20022 migration status →Payment rails by country →
Other systems in the same country or region
T2 / TARGETRTGS
Eurozone · EUR · ECB / Eurosystem
SEPA SCTACH
Eurozone · EUR · EPC / CSMs
SEPA SDDACH
Eurozone · EUR · EPC / CSMs
SEPA InstFPS
Eurozone · EUR · EPC / RT1 / TIPS
EURO1Hybrid
Eurozone · EUR · EBA Clearing
CHAPSRTGS
United Kingdom · GBP · Bank of England

Operations · SIC IP (Instant Payments)

Operational monitoring: not configured. ClearingPost does not monitor operational sources for this system and does not assess its current service condition.

Operations lists the systems ClearingPost monitors and the operational events it has recorded.

Intelligence for SIC IP (Instant Payments) (3)

Coverage whose headline or summary names SIC IP (Instant Payments), or names its operator or country together with its system type. Each item quotes that evidence and says whether the source is the SIC IP (Instant Payments) operator or external.

AnalysisApr 2, 2026Headline names “SIC IP”
43% of Swiss Phase 2 Banks Have Not Started SIC IP Implementation
With seven months until Switzerland's SIC IP Phase 2 deadline, 43% of the roughly 180 required banks have not started implementation. Overbooked testing windows and a confirmed November-December onboarding freeze compress the effective delivery window to mid-October.
Operator source · SIX Group
GuideMar 11, 2026Headline names “SIC IP”
Switzerland's SIC and SIC IP: A Practitioner's Guide to Swiss Franc Clearing and Instant Payments
Switzerland operates its own CHF payment infrastructure outside SEPA. SIC handles high-value and retail clearing, while SIC IP launched in August 2024 for instant payments. Here is how they work, who operates them, and what the 2026 bank rollout deadline means.
External source · Snb
NewsAug 20, 2024Headline names “SIC IP”
SIC Switzerland Launches Instant Payments (SIC IP)
SIC (Swiss Interbank Clearing), operated by SIX Group and owned by the Swiss National Bank (SNB), had been the country's core interbank payment system since 1987.
External source · Snb