The Scheme Technical Forum (ESTF) is made up of the representatives of technical players who provide services facilitating the processing of transactions under the payment schemes. Members of this forum include Clearing and Settlement Mechanism (CSM) organisations, technical solution providers and payment messaging services companies.
The ESTF held its tenth meeting on 25 March 2019. The approved agenda and minutes are available on this page.
During this meeting, the ESTF debated the potential ISO 20022 version change-over from the 2009 version to the 2019 version for all schemes. The ESTF highlighted to the a wide range of features under the 2019 version of ISO 20022 which could bring added value to the schemes.
The ESTF further discussed the Instant Credit Transfer ( Inst) scheme implementation status at that point in time. The main topics were the Inst scheme adherence status and projections, issues from scheme participants about the current Inst processing, the interoperability between Inst scheme compliant CSMs and current obstacles for payment end-users to use the Inst scheme. The ESTF recommendations to the are a higher maximum amount per Inst instruction, higher reachability of the Inst scheme across and specifications about notification messages for incoming funds.
The ESTF also shared its view about the potential inclusion of incoming ‘one-leg out’ credit transfers under the scheme. It does not see operational or technical obstacles to support such incoming ‘one-leg out’ credit transfers under the scheme. On the other hand, the ESTF members did not see a business case as they expect the volume of such incoming euro-denominated ‘one-leg out’ credit transfers to be very low.