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

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.  

  • 13 January 2020
  • 3 February 2020
  • 9 March 2020
  • 6 April 2020
  • 4 May 2020
  • 8 June 2020
  • 6 July 2020
  • 3 August 2020
  • 7 September 2020
  • 5 October 2020
  • 9 November 2020
  • 7 December 2020