Version
1.2

Clarification paper on SEPA Credit Transfer and SEPA Instant Credit Transfer rulebooks

In September 2018, the European Payments Council () published the version 1.2 of the dedicated clarification paper on the Single Euro Payments Area () Credit Transfer () and Instant Credit Transfer ( Inst) rulebooks. 

The paper addresses operational aspects related to the and Inst rulebooks and seeks to ensure consistent implementation of the two credit transfer rulebooks by payment service providers participating in the schemes. The paper, which will be updated from time to time, as required, provides guidance and, where feasible, recommendations to scheme participants on how to handle situations that are not described in the rulebooks.

The new version of the paper includes additional clarifications for the “Request for Recall by the Originator” (RFRO) procedure becoming effective as of 18 November 2018 in both rulebooks:

  • The earliest possible debit date of the original / Inst transaction for which the RFRO procedure must be followed: the clarification is that the RFRO procedure only applies for original / Inst transactions having a debit date not earlier than 18 November 2018.
  • The way to submit a ‘Request for Status Update’ about an earlier RFRO: the ISO 20022 message pacs.028 is to be used. For the other RFRO reason codes, the and Inst scheme participants must use the ISO 20022 message camt.056.
     

This document replaces the version 1.1 of the clarification paper and applies to the currently applicable 2017 SCT and SCT Inst rulebooks.

 

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