Section 4: Execution time for payment transactions and value dates

Without prejudice to the provisions of Article L. 133-1, the provisions of this section apply to payment transactions carried out in euros and to payment transactions involving a single conversion between the euro and the official currency of a State party to the Agreement on the European Economic Area outside the euro zone, provided that the required conversion is carried out in that State and that, in the case of…

I. – The amount of the payment transaction is credited to the payee’s payment service provider’s account no later than the end of the first business day following receipt of the payment order as defined in article L. 133-9. This period may be extended by a further business day for payment transactions ordered on paper. II. – The payee’s payment service provider transmits a payment order given by the payee,…

I. – The value date of a sum credited to the payee’s account may not be later than the business day on which the amount of the payment transaction is credited to the payee’s payment service provider’s account. The payee’s payment service provider shall make the amount of the transaction available to the payee immediately after his own account has been credited, including for payment transactions taking place within one…