Trans-European Automated Real-time Gross Settlement Express Transfer System – the real-time gross settlement system for the Eurozone. Also available to non-Eurozone countries.


Society for Worldwide Interbank Financial Telecommunication – a worldwide network used to send and receive information about financial transactions, including payments.

Subscription bank

The Royal Bank of Scotland International – the deposit institution to/from which subscription funds are paid


Single Euro Payments Area – a pan-European network that facilitates payments between cross-border banks in the Eurozone.

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