Publication of clarification paper on SCT and SCT Inst rulebooks and a...

Publication of clarification paper on SCT and SCT Inst rulebooks and adherence pack to the SCT ERI option

19 February 19

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The European Payments Council ( ) releases today the version 1.3 of the clarification paper on the Single Euro Payments Area ( ) 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 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.

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

Moreover, as of the entry into force of the 2019 Credit Transfer ( ) rulebook on 17 November 2019, the scheme participants can offer the Extended Remittance Information ( ) option described in a new annex V of this rulebook to their customers.

This option gives Originators the possibility to transmit per single transaction the following combination of remittance information to the Beneficiary:

•    One occurrence of 140 characters of unstructured remittance information and

•    Up to 999 occurrences of 280 characters of structured remittance information based on the ISO 20022 standard

Check here below to know how to adhere to the option of the scheme:

SEPA Credit Transfer scheme adherence pack - Extended Remittance Information option 



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