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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.

Main changes introduced in the 2017 SCT rulebook version 1.2

Annex III of the 2017 rulebook version 1.2 lists all changes compared to the 2017 versions 1.0 and 1.1. The main changes concern stipulations in the rulebook sections 5.7 and 5.8 whereby each scheme participant is required to comply with the applicable provisions issued in relation to risk management as set out in the rulebook and the related Risk Management Annex (RMA). 

The is required to ensure that all its schemes provide an adequate degree of security, operational reliability and business continuity for the concerned scheme participants and the scheme end-users. 

For that reason, the maintains an RMA per rulebook whereby the RMA is only shared with the concerned scheme participants. The RMA for the rulebook has been adopted. Unlike the other scheme rulebooks, the version 1.1 of the 2017 rulebook published in October 2017 did not include yet references to and compliance obligations with an RMA.

No changes have been made to the operational and business rules of the rulebook and to the related implementation guidelines.