commit 29fbce7e64abba671d539b4e1cb99fcce1b52133 parent 23ee9f63af1e7fccb0ba7fe81b7f6d0dc1b9e1d3 Author: Florian Dold <florian.dold@gmail.com> Date: Wed, 3 Jun 2020 14:08:49 +0530 start with SEPA docs Diffstat:
| M | libeufin/index.rst | | | 1 | + |
| A | libeufin/sepa.rst | | | 24 | ++++++++++++++++++++++++ |
2 files changed, 25 insertions(+), 0 deletions(-)
diff --git 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 @@ -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 <https://www.europeanpaymentscouncil.eu/document-library/rulebooks/sepa-credit-transfer-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.