Settlement Services

RBI participates directly in all major national and international clearing systems. The respective routing of a payment is chosen on the basis of the payment priority, amount and time of receipt.

Since 1977 RBI has been a member of SWIFT (Society for Worldwide Interbank Financial Telecommunication) and enjoys the full support of the SWIFT community as a driving force in the area of new developments.

The Clearing Service Austria (CS.A) has been developed by Geldservice Austria (GSA) and is the new Austrian Clearing House for processing domestic payments. RBI offers local banks indirect participation in this new payment infrastructure.

RBI participates directly in the international urgent and high-value payment system TARGET2 (Trans-European Automated Real-Time Gross Settlement Express Transfer System) and offering its correspondent banks indirect participation.

RBI has been a direct member of the EBA (Euro Banking Association) since April 1999 and offers non-members indirect participation.

As a direct EBA clearing member, RBI provides STEP1 settlement for its correspondent banks.

Participating directly since March 2005 RBI routes all SEPA-Payments through STEP 2. Furthermore Correspondent banks are able to participate indirectly via RBI.

On 21 November 2017, the first pan-European Instant Payments solution of EBA Clearing went live and RBI was one of the pioneering banks. Instant payments mean payments processed in real-time and the availability of funds within 10 seconds 24/7/365. The format is based on the new SEPA Instant Credit Transfer (SCTInst) scheme managed by the European Payments Council. It is possible to reach participating banks within the whole SEPA area with an initial maximum transaction amount of EUR 15.000.-. RBI is a direct member of EBA RT1 and offers its FI customers an indirect participation.