Orca

Swiss Interbank Clearing (SIC) Rail Facts

How money moves on this rail, in 12 sourced records: what is final, what can be returned, recalled or refunded, who decides, and what the limits are. A profile belongs to the rulebook, so no reason code list is published on this page.

What the tier labels mean, and how far this page has been checked
Draft
An agent wrote it from published material and nobody has checked it. Use it as a lead to confirm, never on its own as the basis for a retry, a return, a deadline or a compliance decision.
Corroborated
A validator found the same answer in one or more named public sources; the class in brackets says how strong they are. "Secondary sources only" means bank, processor or industry guides and nothing from the operator or regulator. Corroborated does not mean checked against the governing rulebook, so confirm before you act.
Verified
A person checked it against SIX Interbank Clearing on behalf of the Swiss National Bank's own current text and recorded the edition and date. The strongest tier here, and still reference material, not legal or compliance advice.

On a rail fact, every detail line names the section or instrument it rests on and whether that is a rule, a law, operator guidance, or observed practice.

Known gaps in this build

Not yet covered: this directory holds the profile of the SIC RTGS service only; the instant payments service has its own profile in corpus/ch-sic-ip; the SIC Handbook, SIC circulars, the three-digit SIC error code list and the SIC5 Project Phase 2 document are published only to participants on the SIC Ltd extranet and have not been read, so operating detail that lives only there is not asserted; the SIX clearing day calendar has not been read, so which Swiss holidays open no clearing day is not asserted; no public source read gives a deadline for answering a return request or for sending a return; the participation agreements between participants, the SNB and SIC Ltd, and the SNB Terms of Business have not been read, so how liability is shared between them is not asserted; the SNB instruction sheets on the intraday facility and the liquidity-shortage financing facility have not been read; Swiss law was read only in unofficial English translations of the National Bank Ordinance, the Financial Market Infrastructure Act and the Code of Obligations; no case law or legal commentary on bank transfers was read.