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SEPA Instant Credit Transfer options

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

Firstly, scheme participants can allow their customers to submit and/or receive a transaction for an amount higher than the default scheme maximum amount (currently at 15.000 EUR; 100,000 EUR as of 1 July 2020).

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

The third option is that scheme participants can agree to apply a shorter hard time-out deadline.

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

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

Higher maximum amount per transaction

Netherlands: general information and NL standard specifications  

Shorter maximum execution time

Netherlands: general information and NL standard specifications 

Shorter hard time-out deadline 

Netherlands: general information and NL standard specifications