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SEPA Credit Transfer rulebook and implementation guidelines

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

The Credit Transfer rulebook currently in effect up to 21 November 2021 is the 2019 Credit Transfer rulebook version 1.1. This version has no specific impact on the business and operational rules compared to the version 1.0 of the 2019 Credit Transfer rulebook.

Read more about the 2019 SCT rulebook version 1.1

The Implementation Guidelines of the version 1.1 of the 2019 Credit Transfer rulebook are based on ISO 20022.

Read more about the SCT scheme Customer-to-Bank IGs 2019 version 1.0

Read more about the SCT scheme Interbank IGs 2019 version 1.0

Do you want to use the European Payments Council's Intellectual Property Rights related to its payment schemes' rulebooks and implementation guidelines for non-euro transactions? Click here for more information.

Main changes introduced in the 2019 SCT rulebook

The 2019 rulebook contains a clarification about which scheme participants must comply with the mandatory Customer-to-Bank (C2B) of the rulebook. The C2B also include usage rules on how a Beneficiary can make a ‘Repayment’ to transfer back funds to the Originator when the Beneficiary has not received the IBAN of the payment account of the Originator in the original transaction.

A transaction containing an IBAN but not the related BIC, can be transmitted by the Originator to the Originator Bank, even if one of the two scheme participants covered by that transaction is based in a non- country.

It further includes additional r-transaction reason codes related to clearing and settlement-specific issues. Several changes have been made to the procedures for Recall and for Request for Recall by the Originator.

The 2019 rulebook contains a new annex V describing the Extended Remittance Information option to facilitate the transmission of multiple occurrences of 280 characters of structured remittance information per single transaction.