SEPA Credit Transfer Scheme definition

SEPA Credit Transfer Scheme means the common set of rules, practices and standards for the provision and operation of a SEPA Credit Transfer developed by the European Payments Council, details of which are contained in the SEPA Credit Transfer Scheme Rulebook and are available at www.europeanpaymentscouncil.eu;
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SEPA Credit Transfer Scheme means the EPC’s Credit Transfer Scheme and the rulebook applicable to that scheme of the EPC as may be in force and amended from time to time and is available from the EPC website.
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Examples of SEPA Credit Transfer Scheme in a sentence

  • Credit Transfers/Standing Orders are subject to the SEPA Credit Transfer Scheme Rules.

  • The participant using the services of the clearing service shall ensure that its indirect participants and addressable BIC holders have adhered to the SEPA Credit Transfer Scheme approved by the European Payments Council.

  • The clearing service shall generate messages, to be included in the files and sent to the participant, in accordance with the SEPA Credit Transfer Scheme Rulebook, SEPA Credit Transfer Scheme Inter-Bank Implementation Guidelines and ISO 20022 XML international standard as well as following the instructions set out in the Functional Specification of the Clearing Service.

  • The clearing service processes messages generated in accordance with the SEPA Credit Transfer Scheme Rulebook approved by the European Payments Council, the SEPA Credit Transfer Scheme Inter-Bank Implementation Guidelines approved by the European Payments Council and ISO 20022 XML messaging standards (hereinafter, ISO 20022) and included in the appropriate file type.

  • When submitting a payment cancellation request, a claim of non-receipt, a claim for value date correction, a resolution of investigation (negative response to the cancellation request), a status request and a resolution of investigation (response to the investigation request) to the clearing service, the participant shall comply with the submission deadlines specified in the SEPA Credit Transfer Scheme Rulebook.

  • Payment messages and information messages shall be generated in accordance with the SEPA Instant Credit Transfer Scheme Rulebook, the SEPA Credit Transfer Scheme Inter-Bank Implementation Guidelines and ISO 20022 XML international messaging standards as well as following the instructions set out in the Functional Specification of the Instant Payment Service.

  • In this document, the term “SEPA credit transfer” generally refers to the credit transfer itself as well as all other transactions and messages governed by the SEPA Credit Transfer Scheme.

  • Document Number 0.2 Change History‌ Issue numberDatedReason for revisionV 1.0January 2017Approved for public use 0.3 Purpose of Document‌This document provides detailed instructions for applicants wishing to adhere to the SEPA Credit Transfer Scheme, the SEPA Instant Credit Transfer Scheme, the SEPA Direct Debit Core Scheme and/or the SEPA Direct Debit Business to Business Scheme.

  • As such it must have formally adhered to the SEPA Credit Transfer Scheme at the time of the submission of the offer in reply to this call for tenders.

  • For new participants in the SEPA Credit Transfer Scheme, this is largely determined by the date on which the direct participant joins the SEPA Credit Transfer Scheme of the EPC.

Related to SEPA Credit Transfer Scheme

  • credit transfer means a payment service for crediting a payee’s payment account with a payment transaction or a series of payment transactions from a payer’s payment account by the payment service provider which holds the payer’s payment account, based on an instruction given by the payer;

  • Offered Loans has the meaning specified in Section 2.05(d)(iii).

  • Limited Condition Transaction means any Acquisition Transaction or any other acquisition or Investment permitted by this Agreement, in each case whose consummation is not conditioned on the availability of, or on obtaining, third party financing.

  • Bidder from a country which shares a land border with India for the purpose of this Order means: -

  • SOFR Loan means a Loan that bears interest at a rate based on Adjusted Term SOFR, other than pursuant to clause (c) of the definition of “Base Rate”.