Posts Tagged ‘SCT’
The Deutsche Bundesbank’s SEPA Clearer
With the TARGET system, the EU has created the infrastructure for clearing and settling cross-border payments between Euro countries. The vast majority of transactions take place domestically and here the respective national bank is required to offer efficient solutions to the banks in their country. The Bundesbank’s system for these retail payments is called SEPA…
Read MoreEPC November Release 2023
SEPA vs TARGET2: How are they related?
Anyone interested in payment transactions in the European Union will quickly come across the terms SEPA vs TARGET2. The relationships are explained here. SEPA vs TARGET2: Single European Payment Area (SEPA) SEPA primarily describes a legal framework for the uniform handling of euro payments, even across national borders. This uniform approach strengthens the entire economic…
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