NPC Instant Credit Transfer Scheme Rulebook
- 2025 NPC Instant Credit Transfer Rulebook (will enter into effect on on October 5, 2025)
- 2023 NPC Instant Credit Transfer Rulebook, Implementation Guidelines
- NPC Scheme Management Rules
More information regarding the 2025 scheme rulebook version, is found on this page. Clarification papers associated with this Scheme will be published in the second half of December 2024.
The NPC Credit Transfer and Instant Credit Transfer Working Group analysis and recommendations, as well as the NPC Scheme Management Committee decisions, regarding all changes are described in the following document.
• NPC090-05 NCT Inst Rulebook 2025 Change Proposal Submission Document
| Please note that if you are a Windows user and having problems to extract any of the zip files you are probably maxing out the file path limit of 255 characters. To resolve the issue, try to unzip the file from a root location (c:\ for example). |
The NPC Instant Credit Transfer Scheme is a set of rules, practices and standards to achieve interoperability for the provision and operation of a credit transfer agreed at interbank level for the currencies covered by the Scheme (Scheme Currencies).
In addition to the Rulebook, there can be local market practices, additional agreements and documentation from Clearing and Settlement Mechanisms (CSMs), technology suppliers or other relevant parties.
Connected to the Rulebook, there are a number of key documents which support the Scheme operationally, the NPC Credit Transfer Instant Scheme Implementation Guidelines:
- the guidelines regarding the interbank messages (NPC Instant Credit Transfer Scheme Interbank Implementation Guidelines)
- the guidelines regarding the customer-to-bank messages (NPC Instant Credit Transfer Scheme Customer-to-Bank Implementation Guidelines) which each Participant is recommended to support at the request of the Originator
- the recommendation on ISO 20022 customer reporting for bank-to-customer messages (NPC Recommendation on ISO 20022 customer reporting of NPC Credit Transfer and Instant Credit Transfer) which each Participant is recommended to support
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Please note that XSDs are not developed for ‘production’ purposes, they are to mirror the business rules and restrictions contained in the implementation guidelines in a formal interchange format (sometimes Technical Validation Subsets). Production substitutes should refer to the default ISO 20022 namespaces. The XSD files can be opened via a text editor (e.g. Microsoft Notepad) or XML Schema editor. |
The NPC Instant Credit Transfer Scheme 2023 entered into effect on November 19, 2023. Please note that: the actual date when transactions can be made according to the Rulebook will depend on when the participants and the Clearing and Settlement Mechanisms (CSMs) implementing the Rulebook are ready.
These documents summarises, on a high-level, the differences between the EPC SEPA Credit Transfer Scheme Rulebooks and the NPC Credit Transfer Scheme Rulebooks.
- 2023: NPC004-04 High-level comparison of the EPC SEPA Rulebooks and the NPC Rulebooks
- 2025: NPC004-04 High-level comparison of the EPC SEPA Payment Schemes and the NPC Payment Schemes
