|Key figures at a glance|
|Marginal lending facility||0.75 %|
|Main refinancing operations (fixed rate)||0.25 %|
|Deposit facility||0.00 %|
|Effective from 13 Nov 2013|
The Single Euro Payments Area (SEPA) simplifies payments in euro across national borders.
SEPA covers all countries in the European Union as well as Iceland, Liechtenstein, Monaco, Norway and Switzerland.
By 1 February 2014, all banks and customers in the euro area are required to migrate to SEPA, whereas in non-euro area countries, they will have until 31 October 2016 to do so.