Systematically Important Payment Systems (SIPS)

ECB Regulation declares several pan-European Payment Systems as Systemically Important (SIPS) including T2S operated by the Eurosystem and STEP2 operated by EBA CLEARING.

To minimise risks, financial institutions connecting to SIPS need to mitigate against single points of failure in their infrastructure. This includes network connectivity.

BOX can simultaneously connect to multiple networks and guarantees continuous operation even in case of complete network outage. 

T2S via SIA / Colt or SWIFT 

Intraday Switch via EBICS / SIA / SWIFT