As of the entry into force of the 2019 Single Euro Payments Area (SEPA) Credit Transfer ( SCT ) rulebook on 17 November 2019, the SCT scheme contains a new annex V describing the Extended Remittance Information (ERI) option. The EPC published today a guidance document which provides detailed information on how to instruct ERI, including a number of practical examples.
The EPC also published an updated version of its Recommendation on Customer Reporting of SCTs (including SCT and SCT Inst) and SEPA Direct Debits (SDDs) (SDD core and SDD B2B). The aim of this document is to present a mapping of the SEPA rulebook requirements vis-à-vis the ‘Transaction Details’ message elements of the ISO 20022 reporting messages. The version from 2013 has been revised to be in line with the latest SEPA rulebook versions and hence includes recommendations related to SCT Inst as well as to the ERI option.
Find out more details in related documents:
EPC Recommendation on ISO 20022 Customer Reporting of SCTs and SDDs
SEPA Credit Transfer Scheme Customer-to-Bank Implementation Guidelines 2019 Version 1.0
SEPA Credit Transfer Scheme Interbank Implementation Guidelines 2019 Version 1.0
Banking 4.0 – „how was the experience for you”
„So many people are coming here to Bucharest, people that I see and interact on linkedin and now I get the change to meet them in person. It was like being to the Football World Cup but this was the World Cup on linkedin in payments and open banking.”
Many more interesting quotes in the video below:
