1 - Introduction

What is SLC and Bank Address?


The Card Settlement Service (SLC) is a SILOC module whose main objective is to process files with information on operations carried out between Payment Arrangements, Issuers, Acquirers or Accreditors, Subacquirers or Subaccreditors and Domicile Institutions, ensuring that they are credits are correctly made to Commercial Establishments' accounts during the processing of interbank settlements.

Bank Address

The Bank Address is the Financial or Payment Institution that holds the Commercial Establishment's current account registered with the Acquirer to receive amounts arising from sales and/or provision of services paid by credit or debit card.