The CRO (Codice di Riferimento dell'Operazione) consists of a sequence of 11 numeric characters that identifies a transaction. Each CRO is unique and can only correspond to one transaction, identifying it with no margin for error.
The TRN (Transaction Reference Number) replaced the CRO with the introduction of SEPA banking transactions, incorporating it. The TRN must consist of 30 alphanumeric characters, but the sixth to sixteenth characters correspond precisely to the old CRO (and can therefore be extrapolated and verified by hand or through automatic online tools), while the last two characters are necessarily alphabetical.
The TRN, therefore, has the same functionality as the end-to-end code that you can conveniently find with Qonto inside the proof of transfer.
Where can I find the end-to-end code of my transaction?
The end-to-end code is a ‘unique payment identification’ that allows outgoing SEPA Credit Transfers to be identified. This reference facilitates automatic payment reporting for both the originator and the beneficiary.
Normally, this code has a maximum of 35 characters and you can show it to your beneficiaries to identify a correctly executed payment, to track it or as an identification code for tax/accounting purposes.
The code will be available inside the receipt of each transfer you are going to make, moreover, it will be displayed when you receive the confirmation that your transfer has been successfully completed. 🎉
Here you have a link to our FAQ “How to download the proof of execution of a credit transfer?”
Please note that: This information is only relevant for the Italian companies at the moment ☝🏻