Swiss Central Bank Launches Instant Payment Scheme on Stock Exchange
The Swiss National Bank (SNB), in collaboration with the SIX Group stock exchange, has announced the launch of a new instant payment scheme that allows for real-time financial transactions. This initiative involves the use of modern software and blockchain technologies to streamline the settlement process between trading parties.
The system has already garnered attention from both market participants and experts, as it promises to accelerate payment processing, thereby improving liquidity and reliability of transactions. Instant payments will enable market participants to react much faster to changes in economic conditions and make more timely decisions, which in turn will increase trading efficiency.
With the new system, users will be able to conduct transactions not only in Swiss francs but also in other foreign currencies. This will expand opportunities for international trade and simplify the transaction process for foreigners investing in the Swiss market.
SNB and SIX Group anticipate that the new instant payment scheme will significantly enhance interaction among financial market participants, reduce transaction processing time, and minimize risks associated with payment delays.
This initiative is part of a broader strategy to modernize Switzerland's financial system, aimed at ensuring its competitiveness on the global stage.
In the near future, initial tests of the new system are expected to be conducted with selected financial institutions, which will help fine-tune its functionality and ensure its reliability.
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