cross-border credit transfer

Defined in Article 2, Directive 97/5/EC

Definitions over time (1)

1. 14/02/1997 – today applies on 12/11/2026 Article 2, Directive 97/5/EC Scope: Whole act

   'cross-border credit transfer` means a transaction carried out on the initiative of an originator via an institution or its branch in one Member State, with a view to making available an amount of money to a beneficiary at an institution or its branch in another Member State; the originator and the beneficiary may be one and the same person

Used in (61 places in 17 provisions on 12/11/2026)

Directive 97/5/EC (61 in 17)

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