STEP1 Participants

A bank needs to fulfil the following criteria to be able to participate in the STEP1 Service:

  • be authorised to conduct banking business
  • participate in the STEP1 Service from its registered address or a branch located in the EU 
  • be a member of the Euro Banking Association. Neither a minimum credit rating nor a minimum of own funds are required to participate in the service. 

STEP1 Sub-Participants

In order to qualify as a sub-participant in STEP1, a bank has to be 

  • established in an EEA location
  • a consolidated affiliate of a participant in the STEP1 Service, as evidenced by the accounts of the participant

Participants may also include branches as sub-addresses.

Joining windows

Joining windows for STEP1 are available on a monthly basis, respecting the following timeline:

Joining process
Joining process

Future change dates

Please note that there will be a freeze period from Saturday, 19 December 2022 until Sunday, 6 January 2023.

 

The following dates are agreed with SWIFT for changes to STEP1 provisioning. This includes the connection of new participants to the systems and the addition of sub-participants as sub-addresses.  

  • 8 August 2022
  • 5 September 2022
  • 3 October 2022
  • 7 November 2022
  • 5 December 2022
  • 9 January 2023
  • 6 February 2023
  • 6 March 2023
  • 3 April 2023
  • 8 May 2023
  • 5 June 2023
  • 3 July 2023
  • 7 August 2023
  • 4 September 2023
  • 9 October 2023
  • 6 November 2023
  • 4 December 2023