SEPA Credit Transfer Rulebook

Credit transfer

On 3 April 2015, the European Payments Council () published an updated version 7.2 of the Credit Transfer () Rulebook, becoming effective on that same day. The SCT Rulebook version 7.2 remains unchanged from a functional or technical point of view, i.e. changes introduced into the updated version are of a purely administrative nature and have no operational impact whatsoever.

As the main change, this rulebook version includes an updated version of the SEPA Scheme Management Internal Rules (SMIRs), which contain descriptions of the internal organisation, structure, rules, and processes that make up the scheme management of the SCT and SEPA Direct Debit Schemes. To learn more about SEPA scheme management and the SMIRs, click here.

Annex III of the SCT Rulebook version 7.2 lists all editorial changes compared to the previous version 7.1.

Here you find the SCT Rulebook version 7.2 which takes effect on 3 April 2015. The SCT Rulebook version 7.2 remains in effect until 21 November 2015.

Recap of the version history of the SCT Rulebook which is in effect until 21 November 2015:

  • In November 2012, the EPC published an updated and enhanced version 7.0 of the SCT Rulebook. In accordance with industry best practice, payment service providers and their suppliers had sufficient time to address rulebook updates prior to them taking effect.
  • On 27 January 2014, the EPC published version 7.1 of the SCT Rulebook, which entered into force on 1 February 2014. The SCT Rulebook version 7.1 had been updated to incorporate a few editorial amendments only compared to the version 7.0 published in November 2012. As a main change, the updated rulebook version no longer referenced the concept of a ‘Pan-European Automated Clearing House (PE-ACH)’ nor the EPC document, entitled ‘PE-ACH/Clearing and Settlement Mechanism (CSM) Framework’.
  • As mentioned above, on 3 April 2015, the EPC published version 7.2 of the SCT Rulebook to include the revised SMIRs.

To view the SCT Rulebook version to take effect on 22 November 2015, click here.

Document download