In November 2016, the European Payments Council ( ) published the Instant Credit Transfer ( ) Rulebook following a public consultation organised earlier in 2016.
The 2017 Rulebook version 1.1 takes effect on 21 November 2017 at 08:00 CET and remains in effect until 1 January 2019.
The document EPC023-16 sets the maximum amount per instruction that can be processed under the scheme based on the 2017 Rulebook version 1.1. This document is referred to in section 2.5 of the Rulebook and forms a binding supplement to the Rulebook.
This document also gives the the possibility to adapt the maximum amount per instruction under the scheme outside the regular scheme rulebook release management cycle as defined in the Scheme Management Internal Rules of the Rulebook.
At the earliest in November 2018, the maximum amount will be reviewed outside the regular scheme rulebook release management cycle.