CRI - HIGH VALUE PAYMENT INTERBANK CLEARING
- High Value Systems
- Acquisition of Transactions
- From former "CRI" to European EBA EURO1 / TARGET2 : migration as a "big bang" on February 18th, 2008
High Value Systems
Société Générale Agence des Banques offers you to process domestic and cross border settlements in Euros within Euroland through TARGET2 and EBA EURO 1 systems.
You can be sponsored by Agence des Banques as Indirect Participant of CRI.
These high-value payments are handled through a dedicated team called “CRI Back-Office”.
Acquisition of Transactions
Several dialogue supports may be used for the information exchanges between you, as our banking client, and Agence des Banques .
We can accept orders through different media, depending on your choice and capabilities.
- SWIFT EXCHANGE : using SWIFT depends on your choice. Different technical solutions are available, either proprietary solutions or market CRI workstations
- SHARED SWIFT PLATFORM : it enables Société Générale to issue and receive CRI transactions from a specific work station through a dedicated Société Générale platform
- PAPER : for low volumes of transactions, you can send your orders by fax, and then get reporting back the same way
You can be sponsored by Agence des Banques as Indirect Participant of CRI.
All our procedures benefit from high level security and are permanently adapted to the environment and regulations.
From former "CRI" to European EBA EURO1 / TARGET2 : migration as a "big bang" on February 18th, 2008
The migration of the Frenc banking communitiy to TARGET 2 European Platform took place on February 18th 2008 of this year.
French TBF and PNS systems disappeared, and were replaced by TARGET 2 and ABE-EURO1 systems.
SOCIETE GENERALE actively participated in the implementation of the project and made the relevant adaptations in the internal information system.
AGENCE DES BANQUES offers specific services dedicated to banks and financial institutions, according to the status chosen by those establishments (Indirect Participant or Addressable BIC).
Wish to now more on the topic ? Do not hesitate to contact us !
