Community

The example I used it for UK but it can be applicable for any country but one leg has to be in the EU ( either payee or payer).

In your example ,it was meant to be settled at USA hence i mentioned it may not necessarily use OCTInst scheme.

1. Agree ,it can be destined or originated from EU

2. Use case mentioned by you may not settle by SEPAInst and OCTInst is mainly for payments which will settle ( at least one leg) in EU ,this is what I understood. Happy to get different views

Hi Ketharaman - in the SCTInst ,your payer & payee PSPs has to be in EU only where as for OCTInst one of the payer /Payee can be outside of EU. eg. User from UK having a account with HSBC can make a transaction to the payee who's based out in Europe