Key features
- Full compliance with SCT Inst Scheme, including validation
- Transactions in RT1 are processed in real time and settled with instant finality
- Processed transactions are fully funded in central bank funds
- Protection by the Settlement Finality Directive
- Based on SCT specifications, where possible, to support seamless co-existence and re-use of user-internal interfaces etc.
- Agile architecture
- RT1 is designed to evolve with user needs. Agile delivery of optional functionality has been supporting the ramp-up of instant payments.
- Continuous development with the support of a country-neutral user say structure
- Developed following a blueprint consultation with users and relevant stakeholders from all across SEPA
- Various options for access and participation, conceived to facilitate pan-European reach