The Eurogiro community has standard settlement solution for EUR.
Settlement in Eurogiro has these characteristics:
- It takes place on the value date set by the sending organisation
- It can be same day, but is typically one or two days after the transfer starts
- Settlement is handled using the same process as the transfer
- Our solution is based on gross settlement of bulks
- The community developed the settlement concept
Eurogiro settlement solution:
Eurogiro operates as a SEPA CSM.