SEPA Routing Directory
Looking-up financial institutions’ adherence to the SEPA Credit Transfer Scheme, their operational readiness, and their (ACH) reachability channels, for a higher STP of your outgoing SEPA payments.
In SEPA Routing Directory
Overview
Key concepts
- The complete list of SEPA-ready BIC codes
- Comprehensive list of all SEPA-ready ACH memberships
- Maps operational BICs to an institutions reference BIC as listed in the EPC Register of Participants
- Indispensable for achieving a high STP in SEPA
- Available as file feeds and for online consultation through the Online Directories
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The SEPA Routing Directory contains all you need to send SEPA payments to the right SEPA-ready destination using the best SEPA-ready channel.
The SEPA Routing Directory is indispensable for validating that the beneficiary bank is capable of processing the SEPA payment, and for choosing the best channel (ACH) for sending the payment.
The directory is updated monthly and it reflects the latest status of financial institution’s SEPA capabilities.
The directory is cross-referenced with the EPC Register of Participants for the adherence status, the EBA STEP2 SCT table and with many other SEPA-ready ACH tables.
The SEPA Routing Directory contains:
- the name and address of the financial institutions and their BICs
- the institutions' adherence to the EPC's SEPA Credit Transfer Scheme
- the institutions' list of BICs ready to process the SEPA payments
- the institutions' (direct, indirect) ACH membership (channel)
- the institutions' preferred ACH channel
Financial institutions and corporates use the SEPA Routing Directory to:
- Validate an institution's readiness for SEPA at operational BIC level
- Identify participation in SEPA Credit Transfer and/or SEPA Direct Debit Scheme (later)
- Verify the EPC adherence status of an institution
- List the multiple Automated Clearing Houses through which a bank is directly or indirectly reachable for SEPA payments
- Check whether a bank has a preferred payment channel
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