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Our connectivity models
Who is it for?
The SEPA Credit Transfer service (SCT) for Direct Settling Participants is available to credit institutions eligible to hold a settlement account with Target2
How does it work?
Customers using this access model, are provided with direct technical access, through our single stack of API, to the SEPA Credit Transfer clearing system to exchange messages as a clearing participant.
Settlement happens on the participants settlement account with Target2 where our customers manage their own liquidity in this gross settlement system
Who is it for?
The SEPA Credit Transfer service (SCT) for Direct Non Settling Participants (DNSP) is available to regulated financial institutions (credit institutions and other)
This Access Model brings the DNSP Participant as close as possible to the clearing system without the need to hold a settlement account at Target2
How does it work?
Customers using this access model are provided with the benefits of direct technical access to the SEPA Credit Transfer clearing system. In collaboration with one of our partner banks messages are exchanged in such a way that this is experienced as if they were direct participants, same messages and same speed. Settlement happens on a settlement account held with the partner bank where our customers manage their own liquidity with the partner bank.
Who is it for?
The SEPA Credit Transfer service (SCT) for Direct Settling Participants is available to credit institutions eligible to hold a settlement account with Target2
How does it work?
Customers using this access model, are provided with direct technical access, through our single stack of API, to the SEPA Credit Transfer clearing system to exchange messages as a clearing participant.
Settlement happens on the participants settlement account with Target2 where our customers manage their own liquidity in this gross settlement system
Who is it for?
The SEPA Credit Transfer service (SCT) for Direct Non Settling Participants (DNSP) is available to regulated financial institutions (credit institutions and other)
This Access Model brings the DNSP Participant as close as possible to the clearing system without the need to hold a settlement account at Target2
How does it work?
Customers using this access model are provided with the benefits of direct technical access to the SEPA Credit Transfer clearing system. In collaboration with one of our partner banks messages are exchanged in such a way that this is experienced as if they were direct participants, same messages and same speed. Settlement happens on a settlement account held with the partner bank where our customers manage their own liquidity with the partner bank.
The SEPA Credit Transfer payments scheme
Transfer funds between Euro accounts in the SEPA region through our payments platform. Together with SDD and SEPA Instant you can now offer the full-suite to your customers.
European access
Process payments in the European countries that are part of the SEPA region
Save time and money
A unified way of handling money and a single market for payment services
Full suite SEPA
Easily add SEPA Instant Credit Transfer and SEPA Direct Debit as you grow further
