SEPA credit transfer

From ACT Wiki
Jump to: navigation, 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