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SEPA Instant Credit Transfer rulebook and implementation guidelines

The SEPA Instant Credit Transfer (SCT Inst) scheme will make European payments faster and ever more convenient.

SEPA Instant Credit Transfer rulebook

This new scheme – officially launched in November 2017 – enables euro credit transfers with the funds made available on the account in less than ten seconds at any time and in an area that will progressively span over 36 European countries. All payment service providers ( ) are invited to adhere to the scheme as soon as possible. The technical information for implementing the scheme is available on this page.

SCT Inst rulebook currently in effect

The Instant Credit Transfer rulebook currently in effect up to 21 November 2021 is the 2019 Instant 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 Instant Credit Transfer rulebook.

Read more about the 2019 SCT Inst rulebook version 1.1 

Read more about the maximum amount per SCT Inst instruction under the 2019 SCT Inst rulebook version 1.1 

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

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

Read more about the SCT Inst scheme Interbank IGs 2019 version 1.0 

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


Main changes introduced in the 2019 SCT Inst 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.

The 2019 rulebook foresees a third rulebook option for scheme participants if they wish to agree on a shorter hard time-out deadline among themselves. Several changes have also been made to the procedures for Recall and for Request for Recall by the Originator.

Clarifications in rulebook on the concrete point in time where an instruction turns into an transaction, and that the current maximum amount applies to both instructions and transactions have been added.