The 2025 SEPA Credit Transfer Rulebook defines how participating providers handle ordinary euro credit transfers. ISO 20022 guidelines align the messages, while separate rejection, return and recall processes preserve the meaning of exceptions throughout processing and reconciliation.
TL;DR:
- The 2025 SCT rulebook defines ordinary SEPA euro credit-transfer responsibilities.
- ISO 20022 guidelines align customer-to-PSP and inter-PSP message usage.
- The named v1.1 edition was superseded by v1.2 on 30 September 2026.
Summary
Purpose and Scope
The 2025 SEPA Credit Transfer Rulebook defines how participating providers handle ordinary euro credit transfers. ISO 20022 guidelines align the messages, while separate rejection, return and recall processes preserve the meaning of exceptions throughout processing and reconciliation.
Participant Workflow
The scheme coordinates ordinary euro transfers between participating providers, from customer instruction to beneficiary credit and exception handling. Rejections, returns and recalls have distinct purposes and should not be treated as interchangeable reversals.
Implementation Guidance
EPC’s 2025 implementation guidelines use the 2019 ISO 20022 message version. The rulebook and guidelines provide business and message-usage layers, rather than operating a single clearing platform. The 2025 changes also address aliases, proxies and recall-status handling.
Edition Status
EPC states that v1.2 replaced v1.1 on 30 September 2026, deferring the planned end of unstructured addresses without changing other business rules. The replacement end date remains undetermined. Version 1.1’s former 15 November 2026 deadline is historical rather than the current scheme requirement.
Keywords
- SCT
- SEPA
- Euro Transfers
- PSP Duties
- ISO 20022
- Payment Initiation
- Recall Handling
- Address Formats
- Version 1.1
- Supersession