SEPA Credit Transfer

SCT Scheme-Compliant Clearing and Settlement Mechanisms (CSMs)


The term payment system as defined in the Payment Services Directive (PSD), means a funds transfer system with formal and standardised arrangements and common rules for the processing, clearing and / or settlement of payment transactions. In other words, a funds transfer system enables the exchange of funds (money) and messages between two payment service providers (PSPs) executing a payment transaction. These funds transfer systems can be PSPs as well as separate business - public or private - entities (which may or may not be owned by banks).

In the Single Euro Payments Area (SEPA) context, a payment system in the meaning of a 'funds transfer system' is referred to as a 'Clearing and Settlement Mechanism' (CSM). Services offered by competing CSMs, based on the SEPA Payment Schemes, are governed by market forces and are outside the EPC's remit as there is a clear separation between the European Payments Council (EPC) as the SEPA Scheme Manager and CSMs. The EPC approved the principles for the CSMs in its PEACH/CSM Framework.

The following CSMs have disclosed their intention, by letter to the EPC, to be SEPA Credit Transfer Scheme (SCT)-compliant.

SEPA Scheme compliant CSM:


 

ACHfinland

Finland

 

Banca d'Italia

Italy

 

Bankart

Slovenia

 

Borica - Bankservice JSC

Bulgaria

 

CEC

Belgium

 

Deutsche Bundesbank

Germany

 

Equens

Germany/The Netherlands

 

Eurogiro

Denmark

 

GSA

Austria

 

Iberpay

Spain

 

Interbanking Systems (DIAS)

Greece

 

KIR S.A

Poland

 

Latvijas Banka

Latvia

 

National Central Bank of Austria

Austria

 

ICBPI-ICCREA

Italy

 

SIA

Italy

 

SIBS

Portugal

 

STET

France

 

Transfond SA

Romania

PE-ACH compliant ACH


 

EBA CLEARING

The following companies have disclosed, by letter to the EPC, their intention to offer to CSMs messaging services that support full compliance with the SEPA Credit Transfer Schemes.

 

SIA

Italy

   
 

S.W.I.F.T. SCRL