One-Leg Out Instant Credit Transfer scheme
From ACT Wiki
Single Euro Payments Area (SEPA) - European Payments Council (EPC).
(OCT Inst).
In the context of SEPA, one-leg out (OLO) means that only one of the two legs of a transfer is in euro.
The One-Leg Out (OLO) Instant Credit Transfer (OCT Inst) scheme enables international instant credit transfers where only one leg of the transfer is in euro.
See also
- Credit
- euro
- European Payments Council (EPC)
- Instant Credit Transfer Scheme
- One-leg-out payment
- PSD2
- RT1
- SEPA credit transfer
- SEPA direct debit
- Single Euro Payments Area (SEPA)