•  The SEPA business rules, which are interbank, have been made publicly available by industry, in the form of “Rulebooks”, and have already attracted global interest. The business rules therefore have the potential to become a global reference for other countries that wish to modernise their retail payment systems.
•  The SEPA standards, on the other hand, were developed by the industry as technical standards under the ISO umbrella, and are therefore already international. Indeed, with SEPA, banks are also preparing for the global payment landscape by introducing international ISO 20022 XML standards. The first concrete deliverable of SEPA will be SEPA Credit Transfer, which will be launched on 28 January 2008.