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SEPA Credit Transfer rulebook

SEPA Credit Transfer (SCT) is among the favourite payment methods of citizens and businesses in Europe, and a convenient alternative to cash and cheques.

SEPA Credit Transfer rulebook

Payment service providers providing services can find on this page information to help them implement the scheme.

SCT rulebook currently in effect
Main changes introduced in the 2017 SCT rulebook version 1.1

Annex III of the 2017 rulebook version 1.1 lists all changes compared to the 2017 version 1.0. The main changes concern: 

  • Regulatory changes stemming from the guide for the assessment of credit transfer schemes against the oversight standards of the Eurosystem. With these changes, each scheme participant is obliged to comply with 'generic supervisory requirements' applicable to them, on top of the existing obligation to comply with applicable rules and regulations. These rulebook changes do not affect the operational and business rules of the rulebook. 

    The term 'generic' relates to supervisory requirements that are applicable to all in . However, it does not cover tailored supervisory requirements that supervisory authorities may impose in addition to a particular . Such specifically defined supervisory requirements are not publicly disclosed.
  • The delay of the entry into force of the inquiry procedures from 18 November 2018 to 17 November 2019. This gives all scheme participants more time to implement these new procedures. An inquiry occurs when a scheme participant requests information or clarification about the status of a credit transfer. All scheme participants will have to accept and process such inquiries, and to respond to them via defined ISO 20022 XML messages.