SEPA Instant Credit Transfer
SEPA Instant Credit Transfer is an interbank payment scheme that enables euro transfers to execute in real-time, completing settlement within 10 seconds. Rerouting via participants' IBANs, it is active 24/7/365 across participating European Union states.
Aliases: SEPA Instant, SEPA SCT Inst
Standards & Citations
- 🌐 ISO 9362 / ISO 13616: International standards for financial identifiers (ISO OBP).
- 🏢 SWIFT Registration Authority: Designated ISO registration authority (swift.com).
- 📂 swiftbic.org Data Register: Provenance registry for bank code data (Data Sources).