Glossary

A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Y
Z

R

Reachable Party: A participant reachable in TIPS without holding TIPS accounts. It has to rely on a TIPS Participant’s account to settle payments in TIPS. A Reachable Party is identified by a BIC11.
Recall Request: A message to request the return of funds previously settled. The recall process is foreseen in the SEPA Instant Credit Transfer Rulebook.