SEPA credit transfer

From ACT Wiki
Revision as of 22:07, 23 March 2016 by imported>Doug Williamson (Link with SEPA direct debit page.)
Jump to navigationJump to search

(SCT).

An electronic transfer of euro made under the rules and standards of the SEPA Scheme.

The standardised formats and service levels create:

  1. Certainty over data carried and delivered with payments.
  2. A requirement for gross payments with a maximum execution time 1 day; and
  3. Other specifications, for transfers within Europe, whether between or within national boundaries.


See also