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  • 🏡Welcome to LHV Connect API
  • 📺News and Updates
    • 📈Performance and Stats
    • 🔔Notice of Change
  • 🧭Quick Start Guide
  • 🎥Connect Fundamentals
    • Authentication and Certificates
    • Environments
    • Messaging Pattern
    • Service Provider model
    • Technical limitations
    • Encoding and Languages
    • Response Compression
    • Dates and Time Zones
    • Response Codes and Error handling
    • Onboarding
    • Live Proving
    • LHV UK and Estonia integrations
    • FAQ and Tips
  • 📖Service Catalogue
    • 💚Heartbeat
      • Heartbeat - GET
      • Heartbeat Advanced - GET
    • 📩Messages Services
      • Get next message
      • Get list of messages
      • Get list of messages V2
      • Get message by response ID
      • Get list of requests
      • Get request by request ID
      • Count number of messages
      • Mark message as processed
      • Mark batch of messages as processed
      • Mark batch of messages as processed V2
      • Messages Metadata
      • Get compressed message for testing
    • 💰Account Information Services
      • Account Balance
      • Account Statement
      • Transaction Notification
        • Incoming Bacs Credit Notification
    • 💸Payment Initiation Services
      • Pain.001.001.09
      • Pain.002.001.10
      • Samples
      • Authentication methods
      • Payment Scheme Selection
      • Payment Return Initiation
      • Payments Service Idempotency
      • Payments Originating Overseas
      • Legacy documents
        • pain.001.001.03 format
    • ✅Confirmation of Payee Services
      • Confirmation of Payee - Requester
      • Confirmation of Payee - Responder
    • 😶‍🌫️VIBAN Services
      • VIBAN Open
      • VIBAN Bulk Open
      • VIBAN Modify
      • VIBAN Info
      • VIBAN Close
      • VIBAN Notification
    • 🔗Indirect Scheme Access
      • Agency Account Synchronization
      • RTF - Routing Table Files message
      • 🧾Payment Collection Services
        • 💷Bacs Direct Debit
          • Bacs Direct Debit Mandate Initiation Request
          • Bacs Direct Debit Mandate Initiation Response
          • Bacs Direct Debit Mandate Initiation Response Confirmation
          • Bacs Direct Debit Mandate Cancellation Request
          • Bacs Direct Debit Mandate Cancellation Response
          • Direct Debit Incoming Collection Notification Request
          • Direct Debit Collection Notification Response
          • Direct Debit Collection Notification Response Confirmation
          • Direct Debit Reversal Notification Request
          • Examples
    • 📨Webhooks
      • Webhook Format and Processing
      • Managing Webhook Configurations
      • Webhook Security
      • Webhook Metadata
      • Full Bodied Webhooks
  • 🗓️Reference
    • Glossary
    • Code Reference Tables
      • Balance Type Codes
      • Credit and Debit Transaction Codes
      • Payment Scheme Codes
      • Direct Debit Scheme Codes
      • Payment Reject Codes
      • Payment Return Codes
      • Bacs Direct Debit Mandate Reject Codes
      • Bacs Direct Debit Reject Codes
      • Bacs Direct Debit Reversal Reason
      • Bank Transaction Codes
      • Transaction Purpose Codes
      • Category Purpose Codes
      • Private Person Identification Codes
      • Organisation Identification Type Codes
      • Payment Priority Codes
      • Charges Bearer Codes
  • ☎️Support
    • Contact
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  1. Reference

Glossary

Connect API specific terminology that is used throughout this guide

  • Contract - A connect contract is tied to a customer certificate and it illustrates the services that a customer can access

  • EEA (European Economic Area country) - Refers to countries that are part of the European Economic Area, which extends the European Union (EU) single market to non-EU member states.

  • Faster - A payment in GBP to a bank in the UK that is a member of the Faster Payment System (FPS), including a list of FPS participants.

  • Group - Payment transactions from/to LHV Pank (EE) to/from LHV Bank (UK).

  • Internal - Payment transactions within LHV Pank, specifically from an account opened in LHV Pank (EE) to an account opened in LHV Pank (EE), or from an account opened in LHV Pank (UK) to an account opened in LHV Pank (UK).

  • SEPA (Single Euro Payments Area) - The area where citizens, companies, and others can make and receive payments in EUR, across Europe, as easily as they do in their home country, including a list of countries belonging to the SEPA area.

  • SEPA Credit Transfer - Also known as SEPA payment or European payment, it's a payment in EUR to a bank within the SEPA area that is a member of the STEP2 SCT or T2 payment clearing and settlement systems, including lists of STEP2 SCT and T2 participants.

  • SEPA Instant Credit Transfer - Also referred to as instant payment, it's a payment in EUR to a bank within the SEPA area which is a member of the RT1 or TIPS payment clearing and settlement systems, including lists of RT1 and TIPS participants.

  • Swift - In LHV Pank (EE), the product name is Foreign Payment. It includes payments in currencies other than EUR, or in EUR but cannot be settled on RT1, TIPS, STEP2 SCT, specifying the conditions when SWIFT rules apply, and noting the scenario where if the receiving bank is not located in the SEPA area but the payment currency is EUR, then the payment is settled if possible in T2 and swift payment fees apply.

  • T2 - Refers to the TARGET2 payment system, detailing when SEPA or SWIFT rules apply based on the location of the beneficiary bank and its reachability via the T2 system, including a list of T2 participants.

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Last updated 1 year ago

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