From 29fbce7e64abba671d539b4e1cb99fcce1b52133 Mon Sep 17 00:00:00 2001 From: Florian Dold Date: Wed, 3 Jun 2020 14:08:49 +0530 Subject: start with SEPA docs --- libeufin/index.rst | 1 + libeufin/sepa.rst | 24 ++++++++++++++++++++++++ 2 files changed, 25 insertions(+) create mode 100644 libeufin/sepa.rst (limited to 'libeufin') diff --git a/libeufin/index.rst b/libeufin/index.rst index 49d44ded..a6d9162e 100644 --- a/libeufin/index.rst +++ b/libeufin/index.rst @@ -11,4 +11,5 @@ LibEuFin is a project providing free software tooling for European FinTech. api-nexus api-sandbox ebics + sepa iso20022 diff --git a/libeufin/sepa.rst b/libeufin/sepa.rst new file mode 100644 index 00000000..9555256a --- /dev/null +++ b/libeufin/sepa.rst @@ -0,0 +1,24 @@ +SEPA Payments +############# + +This page collects reference materials and details for specifics of SEPA payments. + +SEPA Credit Transfer (SCT) +========================== + +SCT is a "normal" bank transfer. Details (terminology, data definitions, flow diagrams) can be found in the EPC's +`SCT rulebook `__. + + +Reject vs Return vs Recall +-------------------------- + +* A **rejected** payment is refused by the originator bank or the + clearing and settlement layer. +* A **returned** payment is refused by the beneficiary's bank via a + counter-transaction over the settlement layer. +* A payment is **recalled** when the originator's bank (potentially + requested by the originator) wants to "undo" a SCT. + +SEPA currently does **not** directly support a mechanism for the **beneficiary** to return +a payment. -- cgit v1.2.3