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;

  • Credit transaction means any transaction by the terms of which the repayment of money loaned or loan commitment made, or payment for goods, services, or properties sold or leased, is to be made at a future date or dates.

  • Transfer Scheme means a transfer scheme made by the Secretary of State under Section 12 and Schedule 2 of the Railways Act 2005 (or equivalent statutory provision) pursuant to paragraph 3.1 of Schedule 15.4 (Provisions Applying on and after Termination), being substantially in the form of Appendix 1 (Form of Transfer Scheme) to Schedule 15.4 (Provisions Applying on and after Termination), but subject to such amendments as the Secretary of State may make thereto as a result of any change of Law affecting such transfer scheme or other change of circumstances between the date of the Franchise Agreement and the date on which such scheme is made;

  • Consumer credit transaction means a consumer credit sale or consumer loan, or a refinancing or consolidation thereof, or a consumer lease, or a consumer rental purchase agreement.

  • Qualified incubator facility means a commercial building

  • Transfer facility means any transportation related facility including loading docks, parking areas, storage areas and other similar areas where shipments of hazardous waste are held during the normal course of transportation.

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

  • collective investment scheme means any arrangements with respect to property of any description, including money, the purpose or effect of which is to enable Persons taking part in the arrangements (whether by becoming owners of the property or any part of it or otherwise) to participate in or receive profits or income arising from the acquisition, holding, management or disposal of the property or sums paid out of such profits or income.

  • Subloan means a loan made or proposed to be made partially out of the proceeds of the Loan by a Participating Bank to a Beneficiary (as such term is hereinafter defined) under Parts D and I of the Project for the financing of the investments and associated working capital under Subprojects (as such term is hereinafter defined);

  • 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.

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

  • Single-family dwelling unit means a structure that is usually occupied by just one household or family and for the purposes of this Policy is expected to generate an average of 250 gallons per day of wastewater.

  • 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 Term SOFR, other than pursuant to clause (c) of the definition of “Alternate Base Rate”.

  • Credit Available for Virtual Transactions means the Market Participant’s Working Credit Limit for Virtual Transactions calculated on its credit provided in compliance with its Peak Market Activity requirement plus available credit submitted above that amount, less any unpaid billed and unbilled amounts owed to PJMSettlement, plus any unpaid unbilled amounts owed by PJMSettlement to the Market Participant, less any applicable credit required for Minimum Participation Requirements, FTRs, RPM activity, or other credit requirement determinants as defined in Tariff, Attachment Q.

  • Subsidized Xxxxxxxx Loan means a Loan for which the interest rate is governed by Section 427A(a) or 427A(d) of the Higher Education Act.

  • The Vetting and Barring Scheme means the scheme set up under the provisions of the Safeguarding Vulnerable Groups Act 2006.

  • Incremental Available Transfer Capability Revenue Rights means the rights to revenues that are derived from incremental Available Transfer Capability created by the addition of Merchant Transmission Facilities or of one of more Customer-Funded Upgrades.

  • Non-Transfer Event means any event or other changes in circumstances other than a purported Transfer, including, without limitation, any change in the value of any Shares.

  • Type II transfer means that phrase as defined under Section 3 of the Executive Organization Act of 1965, 1965 PA 380, MCL 16.103.

  • Unsubsidized Xxxxxxxx Loan means a Loan made pursuant to Section 428H of the Higher Education Act.

  • Available Transfer Capability or “ATC” shall mean a measure of the transfer capability remaining in the physical transmission network for further commercial activity over and above already committed uses.

  • Optional Extended Local Calling Scope Arrangement Traffic is traffic that under an optional Extended Local Calling Scope Arrangement chosen by the Customer terminates outside of the Customer’s basic exchange serving area.

  • Public procurement unit means either a local public procurement unit or a state public procurement unit.

  • Offered Amount has the meaning set forth in Section 2.05(a)(v)(D)(1).

  • COGSA means the Carriage of Goods by Sea Act of the United States of America approved on 16th April 1936.