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
operations
so-called “bulk” transactions of their customers.
| May 1983 |
Creation of the GSIT. |
| June 1988 |
Start of the tests - SIT pilot pre-network with “blank”
exchanges and posting. |
| May 1990 |
SIT pilot network, i.e. initial actual exchanges between a few
establishments. |
| February 1991 |
Beginning of exchanges and of the SIT “generalized”
clearing. |
| June 1994 |
All automated bulk means of payment are exchanged and
netted by the SIT, with the exception of card payments and Truncated
Cheques. |
| April 1995 - September 1996 |
Migration of card payments to the SIT. |
| October 1997 |
Beginning of the payment of the SIT clearing balances into TBF,
(Tranferts Banque de France, French RTGS).
via the CRI (Centrale des Règlements Interbancaires). |
| March 1998 |
Payment by the GSIT into TBF of the clearing balances from the
Clearing House of Parisian bankers – CHCP
(exchange in "paper"). |
| January 1999 |
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. |
| October 2001 |
The GSIT as manager of the CEPC (Paper-Based
Cheque Exchange Centre). |
| February 2002 |
Discontinuation of the franc. |
| July 2002 |
Closing of the Clearing House of Parisian bankers.
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