in Fr a nce Introduction

Save this PDF as:
 WORD  PNG  TXT  JPG

Size: px
Start display at page:

Download "in Fr a nce Introduction"

Transcription

1 in Fr a nce Introduction This document provides an overview of all the country specific information you need to successfully implement your migration to SEPA in France. Intending to provide a global picture of the impact of SEPA on your organization, it will help you understand all the elements you need to take into account in order to migrate your payment activities. France counts four means of payments that are in scope of the SEPA regulation: one credit transfer product called Virement and three types of direct debit: Prélèvement, Titre Interbancaire de Paiement and Téléréglement. REGULATORY UPDATE: ADDITIONAL TRANSITION PERIOD The European authorities agreed on allowing banks and other payment providers to process payments that differ from the SEPA format for an extra six months (amending EU Regulation N 260/2012). As a consequence, all parties (e.g. corporates, SMEs and Public Administrations) may continue to send payments and collections through non-xml formats until 1 st of August Each Member State has taken a position towards the application of this proposal. In France, legacy formats (such as CFONB) are accepted until 1 st August

2 SEPA Credit Transfers (SCT) Overview of the domestic formats Today France is supporting one single domestic credit transfer: the Virement, which is supported by the format CFONB160 (fixed file of 160 characters). If you are initiating credit transfers from French channels in CFBON160 format, you are impacted and you must change your way of working in order to produce SEPA compliant files before 1 st August Comparison of domestic and SEPA transfers properties It is important for you to understand the impact of switching from one scheme to another. In addition to using a new format, migrating to SEPA impacts your operational team and your beneficiaries. While choosing your migration approach, make sure you understand all the related impacts using the comparison table below. Does the local format allow SCT payments? Virement (CFONB160) No: - The accounts are mentioned in domestic format (RIB) and not in IBAN. SCT Missing information: - End2End reference File Format Plain text XML Book date / Value date Debit: D Credit: Standard: D+1 Settlement date Standard: D+1 D: Execution date set in the credit transfer Debit: D Credit: Standard: D+1 Standard: D+1 Implementing the PAIN.001 PAIN.001 is the XML standard used for communications between the debtor/initiator and their bank. In addition to considering the format provided by the EPC, two specific points must be taken into account: Choosing the correct version PAIN.001 currently exists in 3 versions. A company starting its migration today should implement the last version PAIN as indicated in the Rulebook 6 (downloadable from the EPC website). Local specificities regarding the PAIN.001 French banks agreed to follow the standard EPC recommendations, without any specificity. 2

3 SEPA Direct Debits (SDD) Overview of the domestic Formats Today, France is supporting three domestic direct debit formats. If you are currently initiating collections in France, identify which format you use and check how long it will continue to be supported according to the regulations. The validity of formats depend on which of the following three categories they fit in: - Phased out: in scope of the SEPA end date, the format remains accepted for an additional transition period. After this period, you must use another format. - Waived: Some formats are granted a waiver, making it possible to continue using them until 1 st February There are no waivers in France. - Part of a niche product : Member states can declare a niche product if a product has less than a 10% market share (based on ECB statistics). All niche products will remain valid until 1 st February Therefore, if you are using a waived format or a format supporting a niche product, the migration deadline for your direct debit system is 1 February Obviously, you can start migrating now. Product Description Validity SDD Continuity Prélèvement Main domestic direct debit product, Phased out. Remains Existing mandates based on the CFONB160 format accepted until the remain valid for SDD Prélèvement accéléré TIP Same as Prélèvement, but with shorter execution delay (2 days instead of 4) TIP is similar to the Prélèvement, except that the client must authorize every operation by signing and returning a paper that come with his invoice. 1 st August 2014 Phased out. Remains accepted until the 1 st August 2014 Part of a niche product The products are valid until the 1 st February 2016 Core Existing mandates remain valid for SDD Core Discussions are still ongoing regarding mandate continuity Téléréglement This format is used by a small set of specific entities only. Other variant, the Téléréglement requires the debtor to indicate to his bank, for each operation, the amount that will then be debited at due date by the creditor. Part of a niche product The products are supported until the 1 st February 2016 Discussions are still ongoing regarding mandate continuity Lettre de change relevée (LCR) Among other means of payments out of scope of SEPA, France has the Lettre de change relevée (LCR), a system quite similar to a direct debit. In this scheme, the creditor and the ultimate creditor are different persons, and the debtor has very few possibilities to obtain a refund. Even if this payment mean is out of scope of SEPA, it could be interesting for a company willing to harmonize his means of payment to replace LCRs by SEPA direct debits. 3

4 Comparison of domestic and SEPA direct debits Regarding direct debits, it is particularly important to understand the consequences of switching from one scheme to another. In addition to using a new format, migrating to SEPA also impacts your operational team, and above all your customers. This is why, while designing your migration approach, you must make sure you understand all the related impacts using the comparison table below. Prélèvement TIP Téléréglement SDD Core SDD B2B Does the local format allow SDD collections? No, local format does not contain all necessary data to allow SDD. Cfr New mandatory mandate information in SDD collections Not aligned Not aligned Eligible debtor All All Business only All Business only* Collection sending date (D = payment due date) Standard: D-4 Accéléré: D-2 D-1 D-1 D-5 (First / Oneoff) D-2 (Recurrent) D-1 (all) Mandate management and Archiving Refund right Pre-Authorization (the debtor s bank confirms the mandate with the debtor) Partly by creditor, partly by debtor s bank. Usually, debtor s bank deals with any problem with debtor. Conditional refund right for Consumers within 8 weeks after the date of debit for an authorized transaction***. Professional users can agree on a shorter timeframe. 13 months for an unauthorized transaction Control made by debtor s bank Paper TIP managed by creditor Managed by creditor The creditor holds a paper version and manage the mandate None None Unconditional refund right within 8 weeks following the date of debit. 13 months for an unauthorized transaction No control of mandate by debtor s bank Pre-Notification Non applicable Non applicable Control made by debtor s bank Not required Non applicable Must be sent 14 days before payment date** * In France, micro enterprises are seen as businesses and can therefore be declared debtors of B2B mandates. ** The pre-notification time can be reduced if agreed upon by both the debtor and the creditor. *** According to article 62 of the PSD. No refund right for an authorized transaction. 13 months for an unauthorized transaction Debtor must confirm the mandate with his bank before first collection Must be sent 14 days before payment date** 4

5 New mandatory mandate information in SDD collections Generating SDD implies using certain mandatory data regarding the mandate, that were not necessary in the CFONB160 format. In addition to managing all the XML collection constraints, this means you will probably need to adapt your IT and/or operational processes in order to collect, store and send the following information: IBAN : the accounts of both the creditor and of the debtor must be included in the IBAN format (instead of RIB). Debtor s bank BIC: this information is mandatory until the 1 st of February 2014 for domestic transactions and the 1 st of February 2016 for cross-border transactions. If you encounter difficulties in enriching the BIC of your debtor s banks, BNP Paribas can provide a service for automatic enrichment. Date of signing: The date of signing of the original mandate must be mentioned in every collection. Implementation of the PAIN.008 (SDD Collection) French banks agreed to follow the EPC standard recommendations, without any specifics. Mandate Migration The Regulation N 260/2012, article 7 Validity of mandates and right to a refund, allows that existing mandates within a legacy direct debit scheme continue to be used within SEPA. Migrating a mandate means that you already have a domestic mandate authorizing you to debit the account of one of your customer and that you will continue using the same mandate, only with SEPA compliant collections. A mandate is considered as migrated when its first related collection in SEPA format has been successfully performed. One of the benefits of the migration is that you can continue to debit your customers with no need for them to re-sign a SEPA mandate. Note that a creditor have the choice to migrate gradually, and can continue using SDD and CFONB160 collections simultaneously for different mandates. To migrate your mandates, you should consider the two following major points: Schemes allowed for mandate continuity The current Prélèvement mandates can be migrated to SDD Core. All the B2B mandates will require a signature of a new mandate. Concerning TIP and Téléréglement, discussions are still ongoing to determine if a migration approach could be considered. 5

6 Migration rules France had a specific Original NNE tag to migrate mandates. It should be used by the creditor when his SEPA Creditor Identifier does not contain the NNE used in the original domestic mandate. This data is used by the debtor s bank in order to associate the migrated mandate to the previous mandate, allowing to check if the debtor has placed an opposition on to the creditor. French authorities recommend to start the Unique Mandate Reference by ++, which will indicate that it is a migrated mandate and therefore that the debtor s bank must analyse the tag containing the original NNE. In France, a migrated mandate must have a sequence type First. Therefore, it must be sent 5 days upfront the value date. SEPA Creditor Identifier (CI) In order to use SEPA direct debit, the first administrative step you must take is getting a SEPA Creditor Identifier. This number will identify your company wherever you will be collecting within the SEPA zone. Note that you can request one SEPA CI for each of your business activities. How to get a SEPA Creditor Identifier? The French Central Bank (Banque de France) manages the SEPA CI register. Only Creditors with an account at a Payment Service Provider (PSP) in France may ask for a French creditor identifier. The request of such an identifier must be introduced by the creditor to his bank, that in his turn will make the request to the Banque de France. This creditor s bank must have an agreement for working in France including some French Overseas Collectivities (départements d'outre-mer... Please refer to the EPC country list EPC409-09). The ICS is transmitted by Banque de France to the requesting PSP which relays the information to the Creditor. When requesting a SEPA CI to his bank, the creditor must also give an extrait Kbis earlier than 3 months. This document can be requested to a greffe du tribunal de commerce (physically or online via infogreffe.fr). SEPA Creditor Identifier format The French format is the following: FR 12 ZZZ The first 2 characters indicate the country code: FR 3 rd and 4 th are the standard SEPA check digits. 5 th to 7 th indicate the creditor s business code (by default: ZZZ) The last 6 characters are composed of the NNE (Numéro National d Emetteur). Today, a company requesting a NNE in France will automatically receive a SEPA CI with its NNE. 6

7 Conversion of BBAN to BIC + IBAN Conversion Service A conversion service provided by BNP Paribas is available online: In case you need to convert a large database of accounts, your BNPP point of contact will be able to guide you to the best partners. How to build up the IBAN In France, the IBAN is composed of 27 digits with the following structure: FRkk BBBB BGGG GGCC CCCC CCCC CKK The first two digits identify the country of the account and are therefore always: FR. k: The next two digits correspond to the standard IBAN check digit. B: Positions 5 to 9 corresponds to the Code Banque G: Positions 10 to 14 correspond to the Code Guichet C: Positions 15 to 25 correspond to the RIB account number K: Last 2 positions being a check digit Example: FR M How to build up the BIC The BIC cannot easily be deducted from the RIB, you need to use tables to map the RIB and the BIC code of the bank. It is easier to have this done for you by a specialist. Example: BNPAFRPP can be used for all French BNP Paribas accounts, but you can also use branch BIC codes in eleven positions. For BNP Paribas, you can use both, for some local banks you need to use the complete branch BIC codes in eleven positions. 7

Since 1st February 2014, SEPA became a reality and succeeded in harmonising the European payment landscape. However, in order to support strong local market practices, some local flavours remain applicable

More information

Implementing SEPA in Belgiu m

Implementing SEPA in Belgiu m SEPA Country Guide Belgium Implementing SEPA in Belgiu m All you need to know for a successful SEPA migration Introduction This document provides an overview of all the country specific information you

More information

SEPA Country Guide Italy. Introduction

SEPA Country Guide Italy. Introduction Introduction This document provides an overview of all the country specific information you need to successfully implement your migration to SEPA in Italy. Intending to provide a global picture of the

More information

Implementing SEPA in Au s t r ia

Implementing SEPA in Au s t r ia Implementing SEPA in Au s t r ia All you need to know for a successful SEPA migration Introduction This document gives you an overview of all the country specific information you need to implement successfully

More information

On top of this Italy requested waivers that allow usage of some legacy formats and niche products until 1 st February 2016.

On top of this Italy requested waivers that allow usage of some legacy formats and niche products until 1 st February 2016. Since 1 st February 2014, SEPA became a reality and succeeded in harmonising the European payment landscape. However, in order to support strong local market practices, some local flavours remain applicable

More information

Spanish legacy branch code 4 numbers. Spanish legacy bank code 4 numbers

Spanish legacy branch code 4 numbers. Spanish legacy bank code 4 numbers SEPA in Spain Useful links Spanish official SEPA website (in Spanish language) http://www.sepaesp.es/ National Central Bank of Spain www.bde.es/bde/en Official Migration Guide for the Spanish market Download

More information

Italian legacy ABI code 5 numbers. Control internal number (CIN) 1 letter

Italian legacy ABI code 5 numbers. Control internal number (CIN) 1 letter SEPA in Italy Useful links Associazione Bancaria Italiana SEPA (in Italian) http://sepa.abi.it Consorzio CBI SEPA (in English) http://www.cbi-org.eu Quick facts International Bank Account Number (IBAN)

More information

SEPA in Netherlands. Quick facts. International Bank Account Number (IBAN) IBAN structure. 66 SEPA Country Sheets - Netherlands

SEPA in Netherlands. Quick facts. International Bank Account Number (IBAN) IBAN structure. 66 SEPA Country Sheets - Netherlands SEPA in Netherlands Useful links Information campaign, by National Forum on SEPA migration www.overopiban.nl IBAN-Acceptgiro information www.acceptgiro.nl/ IBAN BIC conversion service www.ibanbicservice.nl

More information

SEPA LOCAL PRACTICES AND IMPLEMENTATION GUIDELINES*

SEPA LOCAL PRACTICES AND IMPLEMENTATION GUIDELINES* BNP Paribas SEPA Newsletter Issue September 2013 SEPA LOCAL PRACTICES AND IMPLEMENTATION GUIDELINES* SEPA (Single Euro Payments Area) aims to harmonise formats and processes for euro payments across every

More information

SEPA Country-Specific Information Austria

SEPA Country-Specific Information Austria SEPA Country-Specific Information Austria Cash Management & ebanking January 2014 Contents INTRODUCTION 3 END-DATE INFORMATION 3 IBAN CONVERSION SERVICE 3 SEPA PRODUCTS 4 SEPA CREDITOR IDENTIFIER (CI)

More information

ERP SEPA readiness checklist

ERP SEPA readiness checklist ERP SEPA readiness checklist version July 2013 www.ingsepa.com Financial Supply Chain SEPA This list contains 11 questions to determine the level of SEPA-readiness of an ERP 1. The first 3 questions deal

More information

SEPA as a driver for streamlining receivables

SEPA as a driver for streamlining receivables SEPA 2.0: Opportunities and challenges after the end-date by Luca Poletto, BNP Paribas Five years after the go-live date of the first Single Euro Payments Area (SEPA) instrument, we are in the last sprint

More information

sepa.bnpparibas.com Cash Management IMPLEMENTING SEPA Your challenges, our expertise

sepa.bnpparibas.com Cash Management IMPLEMENTING SEPA Your challenges, our expertise sepa.bnpparibas.com Cash Management IMPLEMENTING SEPA Your challenges, our expertise February 1, 2014: end of the SEPA transition period The SEPA Migration Regulation which came into force on April 2,

More information

Guidance on reason codes for SDD R-transactions

Guidance on reason codes for SDD R-transactions EPC173-14 Version 2.0 Date issued:16 April 2015 Guidance on reason codes for SDD R-transs 1. SDD R-TRANSACTION DEFINITION The content of this document applies to the SEPA Direct Debit Core Scheme Rulebook

More information

HSBC Your Guide to SEPA. Capitalising on the opportunities

HSBC Your Guide to SEPA. Capitalising on the opportunities HSBC Your Guide to SEPA Capitalising on the opportunities Executive Summary Developed by the European Payments Council, the Single Euro Payments Area or SEPA expands on the vision behind the Euro to establish

More information

EPC Version June 2012 EPC

EPC Version June 2012 EPC EPC139-12 Version 1.1 22 June 2012 EPC SEPA DIRECT DEBIT CORE RULEBOOK CHANGE REQUEST CONSULTATION DOCUMENT The Single Euro Payments Area (SEPA) payment schemes, as set out in the SEPA Credit Transfer

More information

SEPA. Frequently Asked Questions

SEPA. Frequently Asked Questions SEPA Frequently Asked Questions Page 1 of 13 Contents General SEPA Questions... 4 What is SEPA?... 4 What is the aim of SEPA?... 4 What are the benefits of SEPA?... 4 What countries are included in SEPA?...

More information

SEPA domiciliation FAQ

SEPA domiciliation FAQ SEPA domiciliation FAQ To see the FAQ about SEPA Direct Debit, click on the question to accede directly to our answers! 1. What is SEPA domiciliation (Sepa Direct Debit = SDD)? 2. What happens after 01/02/2014?

More information

What does SEPA Direct Debit (SDD) mean for consumers? V 1.3

What does SEPA Direct Debit (SDD) mean for consumers? V 1.3 What does SEPA Direct Debit (SDD) mean for consumers? V 1.3 1 SEPA for consumers in a nutshell What is SEPA? SEPA = Single Euro Payments Area The Single Euro Payments Area (SEPA) is the area where citizens,

More information

SEPA! No "niche" of questions unanswered. Ready, set... Editorial

SEPA! No niche of questions unanswered. Ready, set... Editorial Ready, set... SEPA! Quarterly bulletin Number 9 2016 No "niche" of questions unanswered Editorial Two years have passed since the famous SEPA end date took place in February 2014. It's definitely one of

More information

Clarification Paper SEPA Credit Transfer and SEPA Direct Debit

Clarification Paper SEPA Credit Transfer and SEPA Direct Debit EPC348-12 Version 2.0 Date issued: 16 May 2013 EPC Clarification Paper SEPA Credit Transfer and SEPA Direct Debit Abstract This document addresses operational issues arising from implementation of the

More information

Clarification Paper SEPA Credit Transfer and SEPA Direct Debit

Clarification Paper SEPA Credit Transfer and SEPA Direct Debit EPC348-12 Version 2.1 Date issued: 06 November 2015 EPC Clarification Paper SEPA Credit Transfer and SEPA Direct Debit Abstract Document Reference This document addresses operational issues arising from

More information

SEPA - Frequently Asked Questions

SEPA - Frequently Asked Questions SEPA - Frequently Asked Questions Contents SEPA Overview Questions... 2 What is SEPA?... 2 What is the aim of SEPA?... 3 Where did SEPA come from?... 3 What countries are included in SEPA?... 3 What currencies

More information

SEPA DIRECT DEBIT THE EUROPEAN DIRECT DEBIT

SEPA DIRECT DEBIT THE EUROPEAN DIRECT DEBIT SEPA DIRECT DEBIT THE EUROPEAN DIRECT DEBIT CONTENTS INTRODUCTION 3 THE EUROPEAN DIRECT DEBIT SCHEME (SEPA DIRECT DEBIT) 4 THE EUROPEAN DIRECT DEBIT MANDATE 6 «CORE» & «B2B»: TWO DIFFERENT EUROPEAN 7 DIRECT

More information

Single Euro Payments Area SEPA Herman Ciappara Payments & Banking Department Central Bank of Malta

Single Euro Payments Area SEPA Herman Ciappara Payments & Banking Department Central Bank of Malta Single Euro Payments Area SEPA Herman Ciappara Payments & Banking Department Central Bank of Malta 1 1 Outline What is SEPA? Objectives Opportunities Important SEPA Dates Impact of SEPA Challenges 2 2

More information

SEPA Country-Specific Information Italy

SEPA Country-Specific Information Italy SEPA Country-Specific Information Italy Cash Management & ebanking January 2014 Contents INTRODUCTION 3 END-DATE INFORMATION 3 IBAN CONVERSION SERVICE 3 SEPA PRODUCTS 4 SEPA CREDITOR IDENTIFIER (CI) 6

More information

ICEPAY & SEPA Direct Debit

ICEPAY & SEPA Direct Debit ICEPAY & SEPA Direct Debit Page 1 July 2014 S. Campbell v0.5 Table of Contents 1. Purpose of this document... 3 1.1 Support... 3 2. SEPA - Introduction... 3 2.1 SEPA - Goals... 3 2.2 SEPA Bank accounts,

More information

Microsoft Dynamics NAV. SEPA Credit Transfers and Direct Debits

Microsoft Dynamics NAV. SEPA Credit Transfers and Direct Debits Microsoft Dynamics NAV SEPA Credit Transfers and Direct Debits July 2012 EXECUTIVE SUMMARY... 1 SEPA PAYMENT INSTRUMENTS... 2 SEPA CREDIT TRANSFERS... 2 SEPA DIRECT DEBITS... 2 OVERVIEW OF SEPA DIRECT

More information

SEPA (ISO XML) Direct Debit payments. July 2014

SEPA (ISO XML) Direct Debit payments. July 2014 SEPA (ISO 20022 XML) Direct Debit payments This white paper describes the functionality in Microsoft Dynamics AX that supports the Single Euro Payments Area (SEPA) Direct Debit (ISO 20022 XML) payment

More information

SEPA Direct Debit Implementation Guide. Version 1.7

SEPA Direct Debit Implementation Guide. Version 1.7 SEPA Direct Debit Implementation Guide Version 1.7 DANSKE BANK Table of contents 1 Change log... 3 2 Purpose of this document... 4 2.1 Target groups... 4 2.2 Help... 4 3 Introduction to SEPA Direct Debit...

More information

SEPA Country-Specific Information Hungary

SEPA Country-Specific Information Hungary SEPA Country-Specific Information Hungary Cash Management & ebanking January 2014 Contents INTRODUCTION 3 END-DATE INFORMATION 3 IBAN CONVERSION SERVICE 3 SEPA PRODUCTS 4 SEPA CREDITOR IDENTIFIER (CI)

More information

SEPA Direct Debit Initiation Customer-to-Bank Implementation Guidelines for the Netherlands

SEPA Direct Debit Initiation Customer-to-Bank Implementation Guidelines for the Netherlands SEPA Direct Debit Initiation Customer-to-Bank Implementation Guidelines for the Netherlands CORE and Business-to-Business Implementation Guidelines Disclaimer These guidelines may be subject to changes.

More information

Single Euro Payments Area

Single Euro Payments Area Single Euro Payments Area Overview SEPA (Single Euro Payments Area) is a European payments initiative which aims to create one single, integrated, standardised payments market in Europe. It is an area

More information

SEPA Creditors Guide. SEPA Direct Debit Core Scheme. Version 1.3 Final Page 1 of 38

SEPA Creditors Guide. SEPA Direct Debit Core Scheme. Version 1.3 Final Page 1 of 38 SEPA Creditors Guide SEPA Direct Debit Core Scheme Version 1.3 Final Page 1 of 38 Log of Revisions to the SDD Creditors Guide Version number Version1.1 Brief description of revision Comprehensive guide

More information

NATIONAL SEPA MIGRATION PLAN. 17 th February 2012

NATIONAL SEPA MIGRATION PLAN. 17 th February 2012 NATIONAL SEPA MIGRATION PLAN 17 th February 2012 TABLE OF CONTENTS CHAPTER 1 PREFACE 6 CHAPTER 2 FRAMEWORK FOR THE SEPA MIGRATION PLAN 7 2.1 Summary of the European SEPA Regulation 7 2.2 Points of departure

More information

SEPA and the Changing European Payments Landscape

SEPA and the Changing European Payments Landscape SEPA and the Changing European Payments Landscape finance.arvato.com SEPA is Coming As you probably know by now, SEPA is coming, and it s coming soon. If you do business in the Eurozone, chances are your

More information

October 2012. SEPA Migration Guide for Ireland

October 2012. SEPA Migration Guide for Ireland October 2012 SEPA Migration Guide for Ireland 3 A Migration Guide to Ireland SEPA Migration Guide for Ireland Contents 1. Background to SEPA... 4 2. Overseeing SEPA... 7 3. Implementation timescale...

More information

SEPA Creditors Guide. SEPA Direct Debit Core Scheme. Version 1.4 Final Page 1 of 38

SEPA Creditors Guide. SEPA Direct Debit Core Scheme. Version 1.4 Final Page 1 of 38 SEPA Creditors Guide SEPA Direct Debit Core Scheme Version 1.4 Final Page 1 of 38 Log of Revisions to the SDD Creditors Guide Version number Version1.1 Brief description of revision Comprehensive guide

More information

for CONSUMERS Information on the SINGLE EURO PAYMENTS AREA

for CONSUMERS Information on the SINGLE EURO PAYMENTS AREA Version 5.0 - February 2014 for CONSUMERS Information on the SINGLE EURO PAYMENTS AREA All you need to know about SEPA EPC Shortcut Series* Shortcut to SEPA Shortcut to the SEPA Direct Debit Schemes Shortcut

More information

SEPA Mandate Guide. Contents. 1.0 The purpose of this document 2. 2.0 Why mandates are required 2. 2.1 When a new mandate is required 2

SEPA Mandate Guide. Contents. 1.0 The purpose of this document 2. 2.0 Why mandates are required 2. 2.1 When a new mandate is required 2 SEPA Mandate Guide Contents 1.0 The purpose of this document 2 2.0 Why mandates are required 2 2.1 When a new mandate is required 2 2.2 Cancellation of a mandate 2 2.3 When to amend a mandate 2 3.0 Mandate

More information

SEPA CORE DIRECT DEBIT SCHEME CUSTOMER-TO-BANK IMPLEMENTATION GUIDELINES

SEPA CORE DIRECT DEBIT SCHEME CUSTOMER-TO-BANK IMPLEMENTATION GUIDELINES Doc: EPC130-08 30 November 2012 (Version 7.0 Approved) EPC SEPA CORE DIRECT DEBIT SCHEME CUSTOMER-TO-BANK IMPLEMENTATION GUIDELINES Abstract Document Reference Issue This document sets out the rules for

More information

Legal aspects e-mandates

Legal aspects e-mandates Legal aspects e-mandates European Payments Platform 2014 Euroforum Annemieke van der Beek Annemieke.van.der.beek@kvdl.nl Joris van Horzen Joris.van.horzen@kvdl.nl 16 December 2014 SEPA mandates With a

More information

Terms and Conditions for Direct Debit Collection.

Terms and Conditions for Direct Debit Collection. Terms and Conditions for Direct Debit Collection. Version as of 3 February 2015 Landesbank Baden-Württemberg - 1 - As at 10/13 Contents Terms and Conditions for Direct Debit Collection Collection Authorization

More information

Migration of mandates based on NBB file. version July

Migration of mandates based on NBB file. version July Financial Supply Chain SEPA Migration of mandates based on NBB file version July 2013 www.ingsepa.com Background 1 Acquisition 1 Formats 1 DOM80 migration 2 Processing of the NBB migration file 2 SDD Mandate

More information

SEPA Credit Transfer. Readiness Checklist

SEPA Credit Transfer. Readiness Checklist SEPA Credit Transfer Readiness Checklist This document is published by Bank of Ireland, and both it, and its contents, are the property of Bank of Ireland. This document may not be reproduced or further

More information

EUROPEAN DIRECT DEBIT. ING Luxembourg s SEPA Direct Debit. European Direct Debit 1

EUROPEAN DIRECT DEBIT. ING Luxembourg s SEPA Direct Debit. European Direct Debit 1 EUROPEAN DIRECT DEBIT ING Luxembourg s SEPA Direct Debit European Direct Debit 1 EUROPEAN DIRECT DEBIT OR SEPA DIRECT DEBIT 3 Introduction to the European direct debit 3 Which countries are part of SEPA?

More information

SEPA Direct Debit Initiation Customer-to-Bank Implementation Guidelines for The Netherlands

SEPA Direct Debit Initiation Customer-to-Bank Implementation Guidelines for The Netherlands SEPA Direct Debit Initiation Customer-to-Bank Implementation Guidelines for The Netherlands CORE and Business-to-Business Implementation Guidelines Disclaimer These guidelines may be subject to changes.

More information

SEPA DATA MODEL. Reason for Issue Approved by the EPC Plenary on 13 December 2006

SEPA DATA MODEL. Reason for Issue Approved by the EPC Plenary on 13 December 2006 Doc: EPC029-06 (Version 2.2) 13 December2006 OITS SG SEPA DATA MODEL Abstract Document Reference Issue This document sets out the SEPA Data Model which is referred to in the SEPA Credit Transfer and Direct

More information

THE BANK ACCOUNT AT THE HEART OF THE DIGITAL EXPERIENCE. MyBank for Service Providers

THE BANK ACCOUNT AT THE HEART OF THE DIGITAL EXPERIENCE. MyBank for Service Providers THE BANK ACCOUNT AT THE HEART OF THE DIGITAL EXPERIENCE MyBank for Service Providers 33 rd EPSM Meeting March 12 th, Munich v MyBank is owned by Preta S.A.S, a wholly owned subsidiary of EBA CLEARING Moritz

More information

Occasions leading to mandate amendments

Occasions leading to mandate amendments SEPA Direct Debit Instructions on the initiation format in case of amendments Occasions leading to mandate amendments During the use of the SEPA Direct Debit (SDD) product there are a number of occasions,

More information

Questions About SEPA

Questions About SEPA Questions About SEPA Your questions about the benefits of SEPA If I am just beginning to implement a B2B cross border payment strategy for the EU, would you recommend I implement SEPA DD Cross Border for

More information

FREQUENTLY ASKED QUESTIONS ABOUT SEPA

FREQUENTLY ASKED QUESTIONS ABOUT SEPA FREQUENTLY ASKED QUESTIONS ABOUT SEPA 1. What does SEPA mean? SEPA stands for Single Euro Payments Area. 2. What countries are part of SEPA? The SEPA includes 31 countries: the 27 EU members plus Norway,

More information

General terms and conditions

General terms and conditions BUSINESS AND INSTITUTIONALS ACCOUNT AGREEMENT General terms and conditions ASK MORE OF YOUR BANK C O N T E N T S PART I CURRENT ACCOUNTS 1 - OPENING THE ACCOUNT..................................................

More information

SEPA og Nordic Payments Area

SEPA og Nordic Payments Area SEPA og Nordic Payments Area Finans Norge s Betalingsformidlingskonferanse Thon Hotel, Lillestrøm, 29-30 oktober 2013 By Dag-Inge Flatraaker, General Manager, Group Payments Infrastructure, DNB Bank A

More information

AX 2012 R3 SEPA (ISO 20022 XML) Credit transfer and direct debit payments Date: March 3 rd, 2015

AX 2012 R3 SEPA (ISO 20022 XML) Credit transfer and direct debit payments Date: March 3 rd, 2015 Contents Introduction... 2 Setup Credit Transfer... 3 Export the xml stylesheet for the payment format from AOT... 3 Setup a batch job to generate SEPA files... 4 Setup Outbound ports for electronic payments...

More information

SEPA CORE DIRECT DEBIT SCHEME RULEBOOK

SEPA CORE DIRECT DEBIT SCHEME RULEBOOK EPC016-06 Version 7.1 Approved Date issued: 27 January 2014 Date effective: 1 February 2014 SEPA CORE DIRECT DEBIT SCHEME RULEBOOK Conseil Européen des Paiements AISBL Cours Saint-Michel 30A B 1040 Brussels

More information

A Steria Report SEPA: will European businesses be ready for the transformation? Prepared in collaboration with. è www.steria.com

A Steria Report SEPA: will European businesses be ready for the transformation? Prepared in collaboration with. è www.steria.com A Steria Report SEPA: will European businesses be ready for the transformation? Prepared in collaboration with è www.steria.com 02 SEPA : will European businesses be ready for the transformation? è www.steria.com

More information

SEPA Migration Monitoring Committee. Action plan for migration to SEPA direct debits and credit transfers in Spain

SEPA Migration Monitoring Committee. Action plan for migration to SEPA direct debits and credit transfers in Spain Action plan for migration to SEPA direct debits and credit transfers in Spain December 2012 Introduction Although various years have passed since the introduction of the new SEPA payment instruments, their

More information

SEPA Credit Transfer Customer-to-Bank Implementation Guidelines for the Netherlands

SEPA Credit Transfer Customer-to-Bank Implementation Guidelines for the Netherlands SEPA Credit Transfer Customer-to-Bank Implementation Guidelines for the Netherlands Disclaimer These guidelines may be subject to changes. Utmost care has been taken to ensure the information in this publication

More information

SEPA. Changes in the Payment System Implementation of the European SEPA Regulations for Kuna and Euro Payments

SEPA. Changes in the Payment System Implementation of the European SEPA Regulations for Kuna and Euro Payments SEPA Changes in the Payment System Implementation of the European SEPA Regulations for Kuna and Euro Payments SEPA The Single Euro Payments Area (SEPA) stands for a European Union (EU) payments integration

More information

Information Concerning the Use of the SEPA Payment Schemes

Information Concerning the Use of the SEPA Payment Schemes DEUTSCHES PATENT- UND MARKENAMT 80297 München Telephone: +49 89 2195-0 Telephone enquiries: +49 89 2195-3402 Internet: http://www.dpma.de Beneficiary: Bundeskasse Halle/DPMA IBAN: DE84 7000 0000 0070 0010

More information

SEPA What should you be thinking about?

SEPA What should you be thinking about? SEPA What should you be thinking about? The Single European Payments Area - you re steadily seeing talk of it everywhere. The new financial structure for banking in the Eurozone will mean changes for every

More information

INTERNATIONAL BANK ACCOUNT NUMBER (IBAN)

INTERNATIONAL BANK ACCOUNT NUMBER (IBAN) INTERNATIONAL BANK ACCOUNT NUMBER (IBAN) What is IBAN? International Bank Account Number (IBAN) is a standard account number which is developed within the framework of European Union Regulations. The main

More information

Complete Solutions Personal Retirement Savings Account

Complete Solutions Personal Retirement Savings Account Complete Solutions Personal Retirement Savings Account Customer Application Booklet Please ensure you read all declarations carefully before signing Product Selection Personal Retirement Savings Account

More information

How to get your Company ready for Information for BUSINESS

How to get your Company ready for Information for BUSINESS Version 2.0 - September 2009 How to get your Company ready for Information for BUSINESS All you need to know about SEPA EPC brochures* Making SEPA a Reality the definitive Guide to the Single Euro Payments

More information

FAQ wirecard technologies

FAQ wirecard technologies FAQ wirecard technologies contents 1. BASICS... 3 2. Questions about the transition from national schemes to SEPA... 8 3. Questions about the SEPA Core direct debit (B2C)... 12 3.1 General... 12 3.2 Pre-Notification...

More information

Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL

Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL EUROPEAN COMMISSION Brussels, 9.1.2014 COM(2013) 937 final 2013/0449 (COD) Proposal for a REGULATION OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL amending Regulation (EU) N 260/2012 as regards the migration

More information

SEPA Direct Debit Creditor Guide

SEPA Direct Debit Creditor Guide SEPA SEPA Direct Debit Creditor Guide Glossary of Terms Version Control Version Date Name Update V1.0 30/10/2013 Bank of Ireland Creditors Guide published on BOI website This document is published by Bank

More information

SNS Bank addendum on the XML message for SEPA Credit Transfer Initiation Implementation Guidelines for the Netherlands

SNS Bank addendum on the XML message for SEPA Credit Transfer Initiation Implementation Guidelines for the Netherlands SNS Bank addendum on the XML message for SEPA Credit Transfer Initiation Implementation Guidelines for the Netherlands Version 1.2 April 2015 1-14 Contents 1. Introduction... 8 Character Set... 9 2. Message

More information

SEPA (ISO XML) credit transfer payments. July White paper

SEPA (ISO XML) credit transfer payments. July White paper SEPA (ISO 20022 XML) credit transfer payments This white paper describes the functionality in Microsoft Dynamics AX that supports the standard Single Euro Payments Area (SEPA) credit transfer (ISO 20022

More information

ABNAMRO addendum on the XML message for SEPA Credit Transfer Initiation Implementation Guidelines for the Netherlands

ABNAMRO addendum on the XML message for SEPA Credit Transfer Initiation Implementation Guidelines for the Netherlands on the XML message for SEPA Credit Transfer Initiation Implementation Guidelines for the Netherlands Version 1.0 December 2010 Contents 1. Introduction...8 Character Set...9 2. Message items description...10

More information

The Belgian SEPA Migration Plan. Belgium as part of the Single Euro Payments Area

The Belgian SEPA Migration Plan. Belgium as part of the Single Euro Payments Area The Belgian SEPA Migration Plan Belgium as part of the Single Euro Payments Area Version 3.1 July 2007 2/25 Belgian Migration Plan to the Single Euro Payments Area (SEPA) VERSION 3.1 July, 2007 The purpose

More information

HAL E-BANK MANUAL ADDITIONAL TOOLS AND SETTINGS. Hal E-Bank version: 17.X.X.01

HAL E-BANK MANUAL ADDITIONAL TOOLS AND SETTINGS. Hal E-Bank version: 17.X.X.01 HAL E-BANK MANUAL ADDITIONAL TOOLS AND SETTINGS Hal E-Bank version: 17.X.X.01 Content of Manual The manual consists of several content sections. The current section is highlighted on the list. The manual's

More information

The SEPA Regulation Guidance

The SEPA Regulation Guidance The SEPA Regulation Guidance May 2013* *This guidance was previously developed and published by Payments Council, which was replaced by a new trade association Payments UK - at the end of June 2015. To

More information

Form Payments statistics (formerly form-9006)

Form Payments statistics (formerly form-9006) Form Payments statistics (formerly form-9006) General The report contains data on payments, specifically payments between consumers, businesses and the government. As of July 2014, this report implements

More information

Treasury & Trade Solutions. SEPA Heat Map. August 2013

Treasury & Trade Solutions. SEPA Heat Map. August 2013 Treasury & Trade Solutions SEPA Heat Map August 2013 SEPA Current Uptake across the market SEPA Credit Transfers June - 47% % SEPA Credit Transfer is steadily increasing month-on-month and stands at 47%

More information

SEPA BUSINESS TO BUSINESS DIRECT DEBIT SCHEME RULEBOOK

SEPA BUSINESS TO BUSINESS DIRECT DEBIT SCHEME RULEBOOK EPC222-07 Version 6.2 Date issued: 03 March 2016 Date effective: 01 April 2016 SEPA BUSINESS TO BUSINESS DIRECT DEBIT SCHEME RULEBOOK Conseil Européen des Paiements AISBL Cours Saint-Michel 30 B 1040 Brussels

More information

TERMS AND CONDITIONS FOR COLLECTION SERVICE SEPA DIRECT DEBIT

TERMS AND CONDITIONS FOR COLLECTION SERVICE SEPA DIRECT DEBIT TERMS AND CONDITIONS FOR COLLECTION SERVICE SEPA DIRECT DEBIT Danske Bank A/S. CVR no. 61 12 62 28 - København This brochure sets out the terms and conditions for the creation of all of your SEPA Direct

More information

SEPA MIgRATION REPORT. MARCh 2013

SEPA MIgRATION REPORT. MARCh 2013 SEPA MIgRATION REPORT MARCh 2013 SEPA MIGRATION REPORT MARCH 2013 In 2013 all publications feature a motif taken from the 5 banknote. European Central Bank, 2013 Address Kaiserstrasse 29 60311 Frankfurt

More information

EBS204 Version 1 Published November 1996. EBS204 Version 2 Published July 2000. EBS204 Version 3 Published February 2001

EBS204 Version 1 Published November 1996. EBS204 Version 2 Published July 2000. EBS204 Version 3 Published February 2001 EUROPEAN COMMITTEE FOR BANKING STANDARDS IBAN: INTERNATIONAL BANK ACCOUNT NUMBER EBS204 V3 FEBRUARY 2001 Document history EBS204 Version 1 Published November 1996 EBS204 Version 2 Published July 2000 EBS204

More information

Your Partner for European Payment Processing

Your Partner for European Payment Processing Your Partner for European Payment Processing A state-of-the-art platform built to support European diversity We believe that SEPA and domestic instruments will co-exist for some time, and both need to

More information

2. HOW TO CREATE A NEW XML SDD CORE FILE IN TELELINK 6 FROM A.CSV FILE 4. 2.1. Run the application Telelink 6 4

2. HOW TO CREATE A NEW XML SDD CORE FILE IN TELELINK 6 FROM A.CSV FILE 4. 2.1. Run the application Telelink 6 4 Financial S upp ly C hai n SEPA Creating an XML SDD CORE file from.csv file in Telelink 6 Version March 2014 ing.be/sepa 1. INTRODUCTION 3 2. HOW TO CREATE A NEW XML SDD CORE FILE IN TELELINK 6 FROM A.CSV

More information

The role of banks to support the SME s business models in the international landscape

The role of banks to support the SME s business models in the international landscape The role of banks to support the SME s business models in the international landscape Liliana Fratini Passi ABI - Secretary General CBI Consortium Member - UN/CEFACT TBG5 Member of Expert Group on E-Invoicing

More information

Switching your Business Current Accounts

Switching your Business Current Accounts Switching your Business Current Accounts Summary of the Key Features of the Account Switching Code for Business customers Bank of Ireland ("New Bank") can facilitate all the steps required in order to

More information

IBM Financial Services Sector. IBM Payment Platform to face SEPA A flexible approach for a Smarter Bank

IBM Financial Services Sector. IBM Payment Platform to face SEPA A flexible approach for a Smarter Bank IBM Payment Platform to face SEPA A flexible approach for a Smarter Bank Market Forces Driving the Payments Industry to Transform Economic Pressures Increasing pressures on fees Margins being squeezed

More information

IBAN/SEPA-migration of the Netherlands

IBAN/SEPA-migration of the Netherlands IBAN/SEPA-migration of the Netherlands Michiel van Doeveren Macedonian Financial Sector Conference on PSSS Ohrid 5 June 2012 Agenda - Backround of SEPA - SEPA products - SEPA Migration Monitor - National

More information

SEPA Testing Framework. Wat is SEPA? LogicaCMG 2007 1. Rik Marselis. Even voorstellen: Rik Marselis

SEPA Testing Framework. Wat is SEPA? LogicaCMG 2007 1. Rik Marselis. Even voorstellen: Rik Marselis Wat is SEPA? Rik Marselis 17 oktober 2007 LogicaCMG 2007. All rights reserved Even voorstellen: Rik Marselis Senior Test Adviseur o.a. bij European Payments Council Penningmeester van Belgium & Netherlands

More information

Deutsche Bank Global Transaction Banking. Internet Bankieren. Entering Payments and Collections. www.deutschebank.nl

Deutsche Bank Global Transaction Banking. Internet Bankieren. Entering Payments and Collections. www.deutschebank.nl Deutsche Bank Global Transaction Banking Internet Bankieren Entering Payments and Collections www.deutschebank.nl Internet Bankieren Entering Payments and Collections 2 Entering payments and collections

More information

SEPA CORE DIRECT DEBIT SCHEME RULEBOOK

SEPA CORE DIRECT DEBIT SCHEME RULEBOOK EPC016-06 Version 9.2 Date issued: 03 March 2016 Date effective: 20 November 2016 SEPA CORE DIRECT DEBIT SCHEME RULEBOOK Conseil Européen des Paiements AISBL Cours Saint-Michel 30 B 1040 Brussels Tel:

More information

SEPA CORE DIRECT DEBIT SCHEME RULEBOOK

SEPA CORE DIRECT DEBIT SCHEME RULEBOOK EPC016-06 Version 7.2 Approved Date issued: 4 March 2015 Date effective: 3 April 2015 SEPA CORE DIRECT DEBIT SCHEME RULEBOOK Conseil Européen des Paiements AISBL Cours Saint-Michel 30A B 1040 Brussels

More information

SEPA BUSINESS TO BUSINESS DIRECT DEBIT SCHEME RULEBOOK

SEPA BUSINESS TO BUSINESS DIRECT DEBIT SCHEME RULEBOOK EPC222-07 Version 5.0 Approved Date issued: 30 November 2012 Date effective: 1 February 2014 SEPA BUSINESS TO BUSINESS DIRECT DEBIT SCHEME RULEBOOK Conseil Européen des Paiements AISBL Cours Saint-Michel

More information

BUSINESS JUSTIFICATION

BUSINESS JUSTIFICATION BUSINESS JUSTIFICATION FOR THE DEVELOPMENT OF NEW UNIFI (ISO 20022) FINANCIAL REPOSITORY ITEMS Name of the request: Payments Mandates Submitting organization: SWIFT SCRL Avenue Adèle, 1 1310 La Hulpe Belgium

More information

Endorsed by: SEPA GUIDANCE

Endorsed by: SEPA GUIDANCE Endorsed by: SEPA GUIDANCE PRACTICAL GUIDANCE FOR THE IMPLEMENTATION OF REGULATION (EU) N O 260/2012 OF THE EUROPEAN PARLIAMENT AND OF THE COUNCIL OF 14 MARCH 2012 ESTABLISHING TECHNICAL AND BUSINESS REQUIREMENTS

More information

Version 3 Juin 2013 1

Version 3 Juin 2013 1 Règlement de la Banque centrale du Luxembourg 2011/N 9 du 4 juillet 2011 relatif à la collecte des données sur les instruments et les opérations de paiement Guidance note relative to the transmission of

More information

Q&A Payment Transaction Standardization in Europe and Switzerland

Q&A Payment Transaction Standardization in Europe and Switzerland Payment Transaction Standardization in Europe and Switzerland Version: October 2015 Payment Transaction Standardization in Europe and Switzerland General Introduction Starting February 1, 2014, Europe

More information

SEPA Reason Codes. Direct Debit Customer to Bank Implementation Guidelines

SEPA Reason Codes. Direct Debit Customer to Bank Implementation Guidelines SEPA Reason s The SEPA reason codes in this document are sourced from the following European Payments Council Implementation Guideline documentation which detail the customer-to-bank and inter-bank formats

More information

Roadmap for the Single Euro Payments Area

Roadmap for the Single Euro Payments Area www.europeanpaymentscouncil.eu Roadmap for the Single Euro Payments Area Status and progress Gerard Hartsink Chair - European Payments Council Raad Nederlandse Detailhandel Utrecht, 28 augustus 2009 Agenda

More information

Terms and Conditions for SEPA Direct Debit Collection Service, Great Britain

Terms and Conditions for SEPA Direct Debit Collection Service, Great Britain Terms and Conditions for SEPA Direct Debit Collection Service, Great Britain These Special Terms and Conditions for SEPA Direct Debit collection service, Great Britain (the Special Terms and Conditions

More information

Nordea Account structure. Corporate egateway

Nordea Account structure. Corporate egateway Nordea Account structure Corporate egateway 1. Nordea Account structures The purpose of this document is: A) To provide an overview of the possibilities for customer to send and receive BBAN and IBAN account

More information

SEPA CREDIT TRANSFER SCHEME INTER-BANK IMPLEMENTATION GUIDELINES

SEPA CREDIT TRANSFER SCHEME INTER-BANK IMPLEMENTATION GUIDELINES Doc: EPC115-06 30 November 2012 (Version 7.0 Approved) EPC SEPA CREDIT TRANSFER SCHEME INTER-BANK IMPLEMENTATION GUIDELINES Abstract Document Reference Issue This document sets out the rules for implementing

More information