Common use of SEPA Credit Transfer Clause in Contracts

SEPA Credit Transfer. a) Standard outgoing credit transfer in EUR within the SEPA zone (EEA and other affiliated companies), en- tered on a SEPA payment instruction, with the require- ment that the transaction must contain a unique identifier (IBAN), recipient’s name, and the fees are shared between the payer and payee (SHA). A condition for realisation is SEPA availability of the payee’s bank.

SEPA Credit Transfer. a) Standard outgoing credit transfer Credit Transfers in EUR within directed to the SEPA zone (EEA and other affiliated companies), en- tered entered on a SEPA payment instruction, with the require- ment re- quirement that the transaction must contain a unique identifier (IBAN), recipient’s name, and the fees are shared between the payer and payee (SHA). A condition condi- tion for realisation is SEPA availability of the payee’s bank.