EPC Recommendation on ISO 20022 Customer Reporting of SCTs and SDDs

The

European Payments Council

issues implementation guidelines that are based on the ISO 20022 standard for the customer-to-bank (C2B) space as well as the interbank space. In addition, the

European Payments Council

also provides recommendations on ISO 20022 bank-to-customer (B2C) account information, which represent the third and final link in the chain (i.e. C2B, interbank and B2C). 

The aim of this document is to present a mapping of the

Single Euro Payments Area

rulebook requirements vis-à-vis the ‘Transaction Details’ message elements of the ISO 20022 reporting messages.

The version from 2013 has been revised to be in line with the latest

Single Euro Payments Area

rulebook versions and hence includes recommendations related to

SEPA Instant Credit Transfer

as well as to the extended remittance information (ERI) option (Annex V of the

SEPA Credit Transfer

rulebook).