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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, SCT Inst scheme participants can allow their customers to submit and/or receive a SCT Inst transaction for an amount higher than the default scheme maximum amount (currently at 100,000 EUR).

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

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

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

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

Higher maximum amount per SCT Inst 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