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SEPA Instant Credit Transfer options

The 2017 SEPA Instant Credit Transfer (SCT Inst) rulebook provides SCT Inst scheme participants with some specific SCT Inst scheme options.

Firstly, Inst scheme participants can allow their customers to submit and/or receive a Inst transaction for an amount higher than the default scheme maximum amount (currently at 15.000 EUR).

The second option is that Inst scheme participants can formally commit to their respective customers to process a Inst transaction faster than the default ten seconds defined by the scheme.

A Inst scheme participant must have an agreement with other individual Inst scheme participants or with communities of Inst scheme participants (for example, at the level of a country) before it can support any Inst option.

Information about Inst scheme participants that support one of the Inst options and their concrete characteristics are available on the external webpages mentioned below. The European Payments Council is however not responsible for the accuracy and exhaustiveness of this list.

Higher maximum amount per Inst transaction

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Shorter maximum execution time

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