Payment Explorer

SWIFT / CBPR+

A cross-border credit transfer on SWIFT ISO 20022 — watch the pacs.008 version (.10 / .13 vs SEPA .08).

Scheme CBPR+

Read the numbered story first. The switches change the situation. When a step is clear, open a technical trace to see the messages banks send.

Payer country

Where the payer’s account is. Cut-off times and the usual network can change.

How it ends

The money arrives, the other bank refuses, nobody answers in time, or a bank later asks to reverse a credit (recall).

Actor labels

Plain names (Payer / Beneficiary), ops shorthand (Orig / Bene), or ISO account sides (Dbtr / Cdtr). On SDD the creditor is Orig.

Compare with

Same €100, other scheme — see which hops differ.

What this country changes for the payer’s bank.

Cut-off

SCT batch cut-offs follow your bank’s STEP2 submission window (often late afternoon on TARGET days). Instant is 24/7.

Reachability

Euro SCT / SCT Inst reachability is near-universal in SEPA. French ASPSPs are widely on TIPS and/or RT1.

Local notes

STET PSD2 API is common for PISP initiation in France; clearing remains EPC ISO 20022.

  1. 01

    Payer→Payer’s bank

    €100

    The payer instructs a cross-border credit transfer.

    Customer initiation (pain.001 or bank channel)

  2. 02

    Payer’s bank→Clearing / settlement

    Correspondent / HVPS windows

    The payer’s bank sends an ISO 20022 credit transfer over SWIFT CBPR+.

    pacs.008 CBPR+ (often .001.10 / .001.13 — not SEPA .08)

  3. 03

    Clearing / settlement→Beneficiary’s bank

    Correspondents or the market infrastructure deliver to the beneficiary’s bank.

    FI-to-FI path; cover may use pacs.009

  4. 04

    Beneficiary’s bank→Clearing / settlement

    Status comes back — settled or rejected.

    pacs.002; pair schema version with the pacs.008

Go deeper

The same journey as ISO 20022 messages. Open one when you want the sequence and the XML.

Try in live showcase