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

In May 2018, the published the version 1.1 of the dedicated clarification paper on the 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 the following additional clarifications:

The first one provides guidance on the obligation of completion of the data elements “Address Line” and “Country code” in cases where the data element “Postal Address” is used in and Inst transactions. 

The next clarification resolves the apparent contradiction between the definition of the Return procedure in the rulebook section 4.4 and the specific reason in the rulebook R-transactions attribute AT-R3 ‘Reason code for non-acceptance of the Credit Transfer’. 

The final clarification explains the current disconnect between the and Inst rulebooks and the current interbank implementation guidelines with respect to the Request for Recall by the Originator (RFRO) procedure. The clarifications also put forward an approach how to resolve this disconnect.

This document replaces the previous clarification paper and applies to the currently applicable 2017 and Inst rulebooks.

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