(1) An association of banks that manages the EBA clearing system through ABE Clearing SAS. The EBA is connected to the S.W.I.F.T. network in a manner similar to other S.W.I.F.T. users. The EBA monitors the operations of the EBA Clearing Service (a netting payment system), in particular the positions of all the clearing banks, through a direct connection to the clearing computer.
(2) The netting payment system maintained by the Euro Banking Association.