Key features
- Full compliance with SCT Inst Scheme, including validation
- Transactions in RT1 are processed in real time and settled with instant finality
- Transactions are executed in immediately available central bank funds
- Protection by the Settlement Finality Directive to avoid credit risk
- Based on SCT specifications, where possible, to support seamless co-existence and re-use of user-internal interfaces facilitating migration
- Equipped with Fraud Pattern and Anomaly Detection (FPAD) functionality to support PSPs’ fraud prevention and detection efforts
- Flexible architecture
- RT1 is designed to evolve with user needs. Agile delivery of optional functionality has been supporting the ramp-up of instant payments.
- Continuous investment driven by a country-neutral governance structure
- Developed following a blueprint consultation with users and relevant stakeholders from all across SEPA
- Various options for access and participation giving pan-European reach via one single connection