EBA Clearing
| Company type | Société par actions simplifiée |
|---|---|
| Industry | Finance |
| Founded | June 1998 |
| Founder | Euro Banking Association |
| Headquarters | , |
| Products | Clearing House, Payment service provider, Payment systems |
| Owner | 53 major European payment banks |
| Website | www |
EBA Clearing is a provider of pan-European payment infrastructure wholly owned by shareholders that consist of major European banks. It derives its name from the Euro Banking Association which was instrumental in its establishment in June 1998, but has always been a separate organization.
EBA Clearing owns and operates major payment infrastructure in Europe for Euro payments between banks, including EURO1 for high value payments, STEP1 for payments of small and medium-sized banks, STEP2-T, a pan-European automated clearing house (PE-ACH), and RT1 for instant payments. Both EURO1 and STEP2-T have been identified as Systemically Important Payment Systems by the European Central Bank in 2014, together with TARGET2 and CORE(FR).
EBA Clearing is based in Paris and has representative offices in Brussels, Frankfurt, Helsinki, London and Milan. Given their pan-European significance, both EURO1 and STEP2-T: 160 are under direct oversight by the European Central Bank.