Share This

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 payment scheme 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 rulebook currently in effect up to 21 November 2021 08:00 CET is the 2019 rulebook version 1.2. This version has no impact on the business and operational rules compared to the 2019 rulebook version 1.1.

Read more about the 2019 SCT Inst rulebook version 1.2

Read more about the maximum amount for instructions under the 2019 SCT Inst rulebook version 1.2

The Implementation Guidelines of the version 1.2 of the 2019 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.

 

2021 SCT Inst rulebook

The 2021 rulebook version 1.0 enters into force on 21 November 2021 at 08:00 CET and is applicable up to 19 November 2023 08:00 CET.

Read more about the 2021 SCT Inst rulebook version 1.0 

Read more about the maximum amount per SCT Inst instruction under the 2021 SCT Inst rulebook version 1.0 

The Implementation Guidelines are based on the relevant ISO 20022 XML message standards.

Read more about the 2021 SCT Inst scheme Customer-to-PSP IGs version 1.0 

Read more about the 2021 SCT Inst scheme Inter-PSP IGs version 1.0
 

Main changes introduced in the 2021 SCT Inst rulebook
  • An updated definition of the term ‘Banking Business Day’, the replacement of the term ‘Bank’ with ‘ ’ and an updated definition of the term ‘Customer’.
  • A feature that can link an transaction with a preceding Request-To-Pay (RTP) message.
  • An optional credit notification message based on the ISO 20022 standard for the Beneficiary for a successfully executed transaction in the -to-customer space.
  • The possibility to submit instructions with a future execution date and time.
  • Changes to the r-transaction procedures Recall and Request for Recall by the Originator (RFRO) i.e. extra procedure diagrams for RFRO, the extension of the period to submit an Recall in case of fraud, and the alignment of the Recall and RFRO datasets within the rulebook and between both rulebooks.
  • A formal rulebook reference to the separate guidance document on r-transaction reason codes.

Annex IV of the 2021 rulebook version 1.0 lists all changes compared to the version 1.2 of the 2019 rulebook.