SEPA credit transfer: Difference between revisions
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imported>Doug Williamson (Linked to The Treasurers Handbook - Payments and payment systems) |
imported>Doug Williamson (Removed date and altered text to 1 day payment) |
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#Certainty over data carried and delivered with payments. | #Certainty over data carried and delivered with payments. | ||
#A requirement for gross payments with a maximum execution time | #A requirement for gross payments with a maximum execution time 1 day; and | ||
#Other specifications, for transfers within Europe, whether between or within national boundaries. | #Other specifications, for transfers within Europe, whether between or within national boundaries. | ||
Revision as of 14:57, 11 August 2015
(SCT).
An electronic transfer of euro made under the rules and standards of the SEPA Scheme.
The standardised formats and service levels create:
- Certainty over data carried and delivered with payments.
- A requirement for gross payments with a maximum execution time 1 day; and
- Other specifications, for transfers within Europe, whether between or within national boundaries.
