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Romanian Payment System Interface (SEP)

Romanian Payment System Interface (SEP)

extends TIP, enabling the financial institutions to connect to the specific Romanian clearing & settlement systems for:

  • High value payments (RTGS), via SWIFTNet
  • Low value payments (ACH), via TFDNet – the Romanian proprietary low value payment network
  • Government securities settlement (GSRS), via SWIFTNet.