SCT

SCT stands for SEPA Credit Transfer. It enables payments to be made in euros in the 36 member countries of the SEPA.

Related definitions

ISO 20022

International standard used for the exchange of financial data (payments, direct debits) between companies and banks, or between financial institutions.

Direct debit order

A direct debit order is an instruction to a bank to debit an amount due from a specific bank account.

Remittance

Whether you’re talking about a transfer remittance or a direct debit remittance, the remittance form must be filled…

SCI

SCI stands for SEPA Creditor Identifier. All creditors wishing to issue SEPA direct debits must have an SCI enabling them

Transfer order

A transfer order is given by the owner of a bank account, whether an individual or a company, to pay

Deposit slip

The deposit slip is a document handed over by a client to his banker, as part of a deposit or

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