SEPA Credit Transfer Deep Dive
Message flows, exchange periods and the 2024 transition
SEPA credit transfer deep dive: message flows, exchange periods and the 2024 transition, under the SCT rulebook.
What You Can Do After This Chapter
Learning objective. Learner explains the SCT four-corner model, reads ISO 20022 message names, and traces a EUR 48,250 payment from pain.001 through pacs.008 to camt.053, including exchange periods, cut-off times, and the 2019 message transition.
Practical assessment. Learner receives a case where Loire Components must pay EUR 48,250 to Rhine Metals, then drafts the pain.001 file, the pacs.008 message, and the pain.002 and pacs.002 reports, including a camt.056 cancellation and a camt.029 answer, with realistic references, value dates and cut-off times. Learner also explains the SCT Inst mandate, the SEPA area, and the 2019 message changes in a short note.
Expected deliverables.
- pain.001 draft for the EUR 48,250 payment to Rhine Metals
- pacs.008 step by step guide for SEPA pacs.008.001.08
- pain.002 and pacs.002 status reports for acceptance and settlement
- camt.056 cancellation request and camt.029 answer for the duplicate payment
- Note on SCT Inst mandate, SEPA schemes, and EEA versus SEPA area versus eurozone
Completion criterion. Learner drafts a correct pain.001 and pacs.008 for the EUR 48,250 payment, explains each status report, and handles the camt.056 cancellation and the SCT Inst rules accurately.
- The Four-Corner SCT Model and the EUR 48,250 Worked Example
- Reading ISO 20022 Names: pain, pacs and camt Explained
- Customer to Bank Space: pain.001, pain.002 and the Exchange Periods
- Interbank Space: pacs.008, pacs.002 and pacs.004 Step by Step
- Exceptions and Investigations: camt.056, camt.029 and pacs.004 Returns
- Customer Reporting and the SEPA 2024 Transition to 2019 Messages
- SCT Inst Becomes Mandatory, Schemes, Instruments and the SEPA Area Map
Start Lesson 1: The Four-Corner SCT Model and the EUR 48,250 Worked Example →