SEPA Credit Transfer

A better way for SEPA Credit Transfers

Access the SEPA Credit Transfer payments scheme and process payments in the 36 SEPA countries through our next generation payments platform.

Our Connectivity models

The Form3 SEPA services are supported through a range of access models giving the ability to send and receive payments in the SEPA area, with a full range of connectivity options from indirect to full direct participation. 

Explore our SEPA Credit Transfer models

Sepa Credit Transfer

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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

Sepa Credit Transfer Direct Non Settling

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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.

SEPA Credit Transfer - Indirect

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Who is it for?

The SEPA Credit Transfer service (Instant Credit Transfer) for Indirect Participants is available to regulated financial institutions (credit institutions and other)

We collaborate with one of our partner banks that exchanges the messages on behalf of our customers.

How does it work?

Customers using this access model, through our single stack of API, reach one of our partner banks through whom messages are exchanged with the clearing system. Settlement happens on a settlement account 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