In 1983, the French banking community created the GSIT (French
Interbank Teleclearing Economic Interest Grouping) for the purpose of
implementing, managing and developing a network through which credit and
financial institutions could exchange the
so-called “bulk” transactions of their customers.
||Creation of the GSIT.
||Start of the tests - SIT pilot pre-network with “blank”
exchanges and posting.
||SIT pilot network, i.e. initial actual exchanges between a few
||Beginning of exchanges and of the SIT “generalized”
|| All automated bulk means of payment are exchanged and
netted by the SIT, with the exception of card payments and Truncated
|April 1995 - September 1996
||Migration of card payments to the SIT.
||Beginning of the payment of the SIT clearing balances into TBF,
(Tranferts Banque de France, French RTGS).
via the CRI (Centrale des Règlements Interbancaires).
||Payment by the GSIT into TBF of the clearing balances from the
Clearing House of Parisian bankers – CHCP
(exchange in "paper").
|| Change of the SIT and CHCP payments into euros in TBF
|March 2001 - June 2002
||Migration of cheques from CHCP in dematerialized
opérations (truncated cheques) to the SIT.
||The GSIT as manager of the CEPC (Paper-Based
Cheque Exchange Centre).
|| Discontinuation of the franc.
||Closing of the Clearing House of Parisian bankers.