The CSB 32 and 58 received the status of niche products, which also allow their usage until 1 st February 2016.
|
|
- Dinah Doyle
- 6 years ago
- Views:
Transcription
1 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 in each country. In some others, the migration of specific products still have to be completed. This document will help you understand the local specifics applicable in Spain. Intending to provide a global picture of the transition to SEPA, it also describes the elements that permitted the migration from the legacy means of payment. POST MIGRATION STATUS The Spanish domestic market offers a set of payment means that are regulated by the CSB (Consejo Superior Bancario, meaning High Banking Council). Amongst these, the legacy domestic formats for credit transfers and direct debits are not accepted anymore, since 17 th March 2014 for credit transfers and 9 th June 2014 for direct debits. But, as Spain has a waiver in formats until February 2016, new flat file versions of credit transfers and direct debits have been set in place, to integrate all the SEPA mandatory information. These formats and all other format supporting all mandatory SEPA information are allowed until 1 st February 2016, thanks to the local waiver. The CSB 32 and 58 received the status of niche products, which also allow their usage until 1 st February 2016.
2 Spain was supporting three legacy credit transfer formats, amongst which only one remains accepted today: Description Validity Norma 34 Domestic format for domestic credit transfer Phased out since 17 March 2014 Norma 34.1 Domestic format for domestic and international credit transfer Waived until the 1 st of February After this date, it will remain in use for international payments in foreign currencies and EUR payments out of the SEPA zone Norma This recent version of the N34 has been introduced in order to facilitate the use of debtor and creditor accounts in IBAN format and comply to SEPA requirements Thanks to this feature, this format is able to hold all the information required to generate a SEPA compliant credit transfer. Waived until the 1 st of February pain.001 is the XML standard that supports SCT. Besides considering the format proposed by the EPC, there are few specific points to take into account: pain.001 currently exists in 3 versions. A company that starts its migration today should implement the last version pain , which is defined in the Rulebook 7 (downloadable on the EPC website). Spanish banks agreed to follow the standard recommendations of the EPC. Beside credit transfers, N34.14 and pain.001 can also be used to issue bank cheques. This usage comes with some additional specificities that should be respected.
3 Spain was supporting five domestic direct debit formats. Four of them remain allowed until the 1 st February 2016: Type Description Validity Continuity CSB 19 Norma 19 Initial domestic collection file format for B2C direct debits. Norma These new versions of the Norma 19 have been introduced in order to facilitate the migration. They are able to hold all the Norma information required to generate a SEPA compliant Direct Debit. Phased out since 9th June 2014 Waived until the 1 st of February 2016 The Norma corresponds to the Core/COR1 scheme. The Norma corresponds to the B2B scheme. CSB 32 Norma 32 Negotiable instrument Niche product The product is maintained until the 1 st of February 2016 CSB 58 Norma 58 DD to be collected or anticipated Niche product The product is maintained until the 1 st of February 2016 Legacy mandates remain valid for SDD Core/COR1 Legacy mandates remain valid for SDD Core/COR1 Legacy mandates are NOT valid for this format No continuity Legacy mandates remain valid for SDD Core/COR1
4 Spanish banks agreed to follow the standard recommendations of the EPC, without any specificity. Cor1 is a variant of the Core scheme, that allows a creditor to send transactions one day before the collection date, instead of the two/five days initially mandatory in the Core scheme. It has mainly been developed for the countries where this level of service was already applicable in the legacy scheme, to avoid reducing the efficiency of collections while migrating to SEPA. As Spain is one of them, Spanish banks fully adopted the Cor1 scheme. To be able to use SEPA direct debit, your first administrative step is to get a SEPA Creditor Identifier. This number will identify your company when collecting from all the SEPA area. Note you have the possibility to request one SEPA CI for each of your business activities. Spain has the particularity that the creditor himself should calculate the CI. The Spanish format is the following: ES97ZZZM The first 2 characters indicate the country code: ES 3 rd and 4 th are the standard SEPA check digit. 5 th to 7 th indicate the creditor s business code (as mentioned, a creditor may use a different codes to identify their different business activities). It is followed by a set of 9 characters indicating the national Creditor Identifier, which is depending the cases: For Legal Entities: NIF ( Número de Identificación Fiscal ) For Individuals: DNI / NIF ( Documento Nacional de Identidad / Número de Identificación Fiscal ) For Non-Resident Spanish Individuals, for Spanish Individuals under 14 and for Non-Resident Foreign Individuals doing transactions with tax transcendence: NIF For Foreign Individuals: NIE ( Número de Identidad de Extranjero ) The Spanish market recognizes the standard paper format, but also any format that may be recognized as valid by a judge in case of dispute. In Spain telephonic recorded mandates, electronic mandates and paper mandates are frequently used. In Spain, the CSB.N.50 regulates the mandate templates.
5 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 have already a domestic mandate that authorizes you to debit the account of one of your customers, and that you will continue using the same mandate, but with SEPA compliant collections. A mandate is considered as migrated when its first related collection in SEPA format has been performed successfully. The benefit of the migration is that you can continue to debit your customers without asking them to resign a SEPA mandate. Mandates that have not been migrated yet should be migrated before their legal expiration, which is 36 months after the last debit performed under the legacy scheme. To migrate your mandates, you should consider the two main following points: The existing N.19 and N.58 mandates remain valid for SDD Core/COR1 (XML format or Txt plain format N19.14). SDD B2B (XML format or txt plain format N.19.44) will always require the signature of a new mandate. Note that in Spain, the microenterprises are considered as business, and can therefore be declared as debtor of a B2B mandate. The mandate reference should be the same unique reference used In the legacy product The date of signature must be set to
6 A conversion service provided by the Central Bank of Spain is available online, to convert any Spanish BBAN to the related BIC and IBAN: 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. In Spain, the IBAN is composed of 24 characters with the following structure: The first two characters identify the country of the account and are therefore always: ES. The next two characters correspond to the standard IBAN check digit. The remaining twenty characters identify the account : the financial institution (4 digits), the office of the account (4 digits), the check digits (2 digits) and the actual BBAN (10 digits). Example: ES The BIC can easily be derivated from the 8 first BBAN characters: - The 4 first identify the financial institution (in Spanish Entitad) - The 4 next identify the office (in Spanish Oficinia) By using the correct referential, this information is sufficient to derive the related BIC. Example: BNPAESMS
Phased out since the 1 st of August 2014 for EUR payments inside the SEPA zone. National Format for domestic and international Payments
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 informationBanks Preparing. A Guide to the. SEPA Migration
Banks Preparing for SEPA Migration A Guide to the SEPA Migration End-Date Regulation About the Euro Banking Association The Euro Banking Association (EBA) plays a major role in the financial industry as
More informationReport and Recommendations from ERPB WG on SCT- SDD post-migration issues
Group: Euro Retail Payments Board (ERPB) WG on SCT-SDD postmigration issues Doc id: ERPB Migr. 008-14 Doc version: v1.0 Report and Recommendations from ERPB WG on SCT- SDD post-migration issues ERPB Meeting
More informationWorking Paper on SEPA Migration End-Date Swedbank Group response
Working Paper on SEPA Migration End-Date Swedbank Group response 2010-06-24 Swedbank Group Kirstine Nilsson SEPA Coordinator Swedbank Group e-mail: kirstine.nilsson@swedbank.se mobile: +46 703 746 734
More informationThe SEPA Implementation Plan for the Banking Sector in Malta
The SEPA Implementation Plan for the Banking Sector in Malta 1. Purpose This Plan outlines the organisational set up of the national payments community in Malta and affirms its commitment towards the implementation
More informationSEPA. Frequently Asked Questions
SEPA Frequently Asked Questions Page 1 of 9 Contents General SEPA Questions... 3 What is SEPA?... 3 What is the aim of SEPA?... 3 What are the benefits of SEPA?... 3 What countries are included in SEPA?...
More informationThe SEPA Implementation Plan for the Banking Sector in Malta
The SEPA Implementation Plan for the Banking Sector in Malta 1. Purpose This Plan outlines the organisational set up of the national payments community in Malta and affirms its commitment towards the implementation
More informationInformation for MEDIA
A Brief Introduction To Payments Information for MEDIA 1 ICELAND FINLAND SWEDEN NORWAY ESTONIA DENMARK LATVIA IRELAND LITHUANIA UNITED KINGDOM NETHERLANDS GERMANY POLAND BELGIUM LUXEMBOURG CZECH REPUBLIC
More informationSEPA DIRECT DEBIT B2B RULEBOOK CHANGE REQUEST - CONSULTATION DOCUMENT COVER PAGE
EPC099-14 Version 1.0 16 May 2014 EPC SEPA DIRECT DEBIT B2B RULEBOOK CHANGE REQUEST - CONSULTATION DOCUMENT COVER PAGE The Single Euro Payments Area (SEPA) payment schemes, as set out in the SEPA Credit
More informationDebtor Information Document. (Including Terms of Use for Italy)
Debtor Information Document (Including Terms of Use for Italy) (Not for accounts with HSBC Germany) 1 Introduction SEPA is the Single Euro Payments Area, which covers 34 countries all 28 European Union
More informationSEPA as a driver for streamlining receivables
BNP_FX_2014.qxd 17/12/13 10:53 Page 1 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)
More informationSEPA - A Guide for Business Customers. SEPA Credit Transfer (SCT) SEPA Direct Debit Core Scheme (SDD Core)
SEPA - A Guide for Business Customers SEPA Credit Transfer (SCT) SEPA Direct Debit Core Scheme (SDD Core) Version: 2.1 (effective 20 th November 2016) Published: November 2016 Table of contents 1 PURPOSE
More informationSEPA - 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 informationSEPA Direct Debit Mandate Guide. Version 3.5
SEPA Direct Debit Mandate Guide Version 3.5 DANSKE BANK Table of contents 1 Change log... 2 2 Purpose of this document... 3 2.1 Target groups... 3 3 Your responsibility... 4 3.1 Mandate reference... 4
More informationSEPA CREDIT TRANSFER RULEBOOK 2018 CHANGE REQUEST PUBLIC CONSULTATION DOCUMENT COVER PAGE
EPC005-18 Version 1.0 13 March 2018 SEPA CREDIT TRANSFER RULEBOOK 2018 CHANGE REQUEST PUBLIC CONSULTATION DOCUMENT COVER PAGE The Single Euro Payments Area (SEPA) payment schemes, as set out in the SEPA
More informationSEPA Mandate Guide. Contents. 1.0 The purpose of this document Why mandates are required 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 informationFINANCIAL INSTITUTIONS Retail issues, consumer policy and payment systems
EUROPEAN COMMISSION Internal Market and Services DG FINANCIAL INSTITUTIONS Retail issues, consumer policy and payment systems 2.6.2010 WORKING PAPER ON SEPA MIGRATION END-DATE Commission européenne, BE-1049
More informationAddendum on the XML message for SEPA Direct Debit Initiation (PAIN)
Addendum on the XML message for SEPA Direct Debit Initiation (PAIN) Version 6.0 - May 2012 Table of content 1 Introduction 5 1.1 Character Set 6 1.2 Change history 6 2 Message item description 7 1.0 Group
More informationSEPA BUSINESS-TO-BUSINESS DIRECT DEBIT SCHEME CUSTOMER-TO-BANK IMPLEMENTATION GUIDELINES
Doc: EPC131-08 30 November 2012 (Version 5.0 Approved) EPC SEPA BUSINESS-TO-BUSINESS DIRECT DEBIT SCHEME CUSTOMER-TO-BANK IMPLEMENTATION GUIDELINES Abstract Document Reference Issue This document sets
More informationSEPA DIRECT DEBIT CORE RULEBOOK CHANGE REQUEST - PUBLIC CONSULTATION DOCUMENT COVER PAGE
EPC012-16 Version 1.0 05 April 2016 SEPA DIRECT DEBIT CORE RULEBOOK CHANGE REQUEST - PUBLIC CONSULTATION DOCUMENT COVER PAGE The Single Euro Payments Area (SEPA) payment schemes, as set out in the SEPA
More informationMigrating to SEPA; infrastructural change needs direction
Migrating to SEPA; infrastructural change needs direction One end-date will limit costs and materialize SEPA benefits in the shortest possible scenario addendum to NVB considerations on EC Working Paper
More informationSEPA 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 informationSEPA DIRECT DEBIT B2B RULEBOOK CHANGE REQUEST - PUBLIC CONSULTATION DOCUMENT COVER PAGE
EPC013-16 Version 1.0 05 April 2016 SEPA DIRECT DEBIT B2B RULEBOOK CHANGE REQUEST - PUBLIC CONSULTATION DOCUMENT COVER PAGE The Single Euro Payments Area (SEPA) payment schemes, as set out in the SEPA
More informationPreparing for EURO: adopting SEPA standards for payments in Lei. Ionel Dumitru SEPA Project Manager
Preparing for EURO: adopting SEPA standards for payments in Lei Ionel Dumitru SEPA Project Manager Agenda How the Romanian banking community prepares for payments in EURO 1 2 3 TransFonD and SENT System
More informationVersion September Creating smart SEPA Solutions. A convenient and secure way to make payments. SEPA Direct Debit for Consumers
Creating smart SEPA Solutions Version 1.0 - September 2010 A convenient and secure way to make payments SEPA Direct Debit for Consumers 1 All you need to know about SEPA EPC Brochures* Making SEPA a Reality
More informationSEPA Creditors Guide. SEPA Direct Debit Core Scheme. Version 1.2 Final Page 1 of 35
SEPA Creditors Guide SEPA Direct Debit Core Scheme Version 1.2 Final Page 1 of 35 Log of Revisions to the SDD Creditors Guide Version number Version1.1 Brief description of revision Comprehensive guide
More informationSpecifications Direct Debits NL SEPA DIRECT DEBIT (SDD) changes
Specifications Direct Debits NL SEPA DIRECT DEBIT (SDD) changes Version Version Date Revision 1.0 28-11-2013 Concept 1.1 05-12-2013 Review 2.0 23-12-2013 Adding field numbers for Batch files Content Introduction
More informationGlobal Euro Solutions Toolkit Cash Management Solutions for the SEPA Zone and Beyond
TREASURY SERVICES Global Euro Solutions Toolkit Cash Management Solutions for the SEPA Zone and Beyond J.P. Morgan Treasury Services SEPA The Single Euro Payments Area. A clear, compulsory migration lies
More informationNATIONAL IMPLEMENTATION AND MIGRATION PLAN
NATIONAL IMPLEMENTATION AND MIGRATION PLAN ROMANIA Reference SEPA-RO-08 Version V2.01 Edition March 2009 Drawn up by SEPA Task Force Approved by / Date NATIONAL SEPA COMMITTEE / 12.03.2009 Page 1 of 39
More informationSEPA Direct Debit Implementation Guide. Version 1.11
SEPA Direct Debit Implementation Guide Version 1.11 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 informationTreasury & Trade Solutions. SEPA Heat Map. November 2013
Treasury & Trade Solutions SEPA Heat Map November 2013 SEPA Current Uptake across the market SEPA Credit Transfers Sept 56% % SEPA Credit Transfer is steadily increasing month-on-month and stands at 56%
More informationLOCAL PROPERTY TAX DIRECT DEBIT GUIDELINES
LOCAL PROPERTY TAX DIRECT DEBIT GUIDELINES This document was last updated June 2017 Contents 1. Scope...3 2. Purpose...3 3. Overview...3 4. SEPA Monthly Direct Debit Scheme...5 5. Summary...6 6. Application
More informationSingle Euro Payments Area 2
SEPA direct debit The SEPA 1 direct debit is a local payment instrument for the entire EU and EEA plus Switzerland and Monaco. It represents a significant development from the current diversity of national
More informationPRELIMINARY INCOME TAX DIRECT DEBIT GUIDELINES
PRELIMINARY INCOME TAX DIRECT DEBIT GUIDELINES This document was last updated June 2017 Contents 1. Scope...3 2. Purpose...3 3. Introduction...3 4. SEPA Monthly Direct Debit Scheme...4 5. Summary...5 6.
More informationPreliminary Income Tax Direct Debit Guidelines
This document was updated September 2018. Contents 1. Scope...2 2. Purpose...2 3. Introduction...2 4. SEPA Monthly Direct Debit Scheme...3 5. Summary...3 6. Process Using Direct Debit Online...3 7. Validation
More informationDeutsche Bank Global Transaction Banking. The Ultimate Guide to SEPA Migration
Deutsche Bank Global Transaction Banking The Ultimate Guide to SEPA Migration September 2012 2 Introduction SEPA, the Single Euro Payments Area, has been a reality since January 2008, when the SEPA Credit
More informationCountdown to SEPA Less than one year to go
Transaction Services February 26 th, 2013 Countdown to SEPA Less than one year to go Today s Speakers: Karin Flinspach EMEA Head of Payments and Receivables, Citi Transaction Services Jonathan Jordan EMEA
More informationThe Belgian SEPA Migration Plan
The Belgian SEPA Migration Plan Belgium as part of the Single Euro Payments Area Version 3.0 January 2007 Status of the document: validated by the SEPA Forum on January 18th, 2007 2/26 Belgian Migration
More informationWhat does the future hold for retail payments harmonisation in Europe Francisco Tur Hartmann
What does the future hold for retail payments harmonisation in Europe Francisco Tur Hartmann Market Integration Division European Central Bank Bucharest, 1 October 2009 Outline Current retail payments
More informationEuropean Payments Council
European Payments Council What developments have taken place and how are these related to standardisation. November 4, 2009 Igo Raadt Content Standard European Payments Council Euro money SEPA message
More informationSEPA CORE DIRECT DEBIT SCHEME INTER-BANK IMPLEMENTATION GUIDELINES
Doc: EPC114-06 30 November 2012 (Version 7.0 Approved) EPC SEPA CORE DIRECT DEBIT SCHEME INTER-BANK IMPLEMENTATION GUIDELINES Abstract Document Reference Issue This document sets out the rules for implementing
More informationAre you ready for SEPA?
Are you ready for SEPA? New York Cash Exchange: 30 th May 2013 Paul Greenhalgh Single Euro Payments Area (SEPA) The Single Euro Payments Area (SEPA) is designed to: Create a single platform for electronic
More informationSEPA BUSINESS-TO-BUSINESS DIRECT DEBIT SCHEME INTER-BANK IMPLEMENTATION GUIDELINES
Doc: EPC301-07 30 November 2012 (Version 5.0 Approved) EPC SEPA BUSINESS-TO-BUSINESS DIRECT DEBIT SCHEME INTER-BANK IMPLEMENTATION GUIDELINES Abstract Document Reference Issue This document sets out the
More informationSingle Euro Payments Area (SEPA): Frequently Asked Questions (See IP/08/98)
MEMO/08/51 Brussels, 28 January 2008 Single Euro Payments Area (SEPA): Frequently Asked Questions (See IP/08/98) What is the Single Euro Payments Area (SEPA)? The Single Euro Payments Area (SEPA) is the
More informationCHANGE PROPOSAL SUBMISSION DOCUMENT FOLLOWING THE 2016 PUBLIC CONSULTATION ON SDD CORE CHANGE REQUESTS
EPC167-16 Version 1.0 24 November 2016 CHANGE PROPOSAL SUBMISSION DOCUMENT FOLLOWING THE 2016 PUBLIC CONSULTATION ON SDD CORE CHANGE REQUESTS Abstract This document contains the results and comments received
More informationSEPA BUSINESS-TO-BUSINESS DIRECT DEBIT SCHEME CUSTOMER-TO-BANK IMPLEMENTATION GUIDELINES
Doc: EPC131-08 17 November 2011 (Version 4.0 Approved) EPC SEPA BUSINESS-TO-BUSINESS DIRECT DEBIT SCHEME CUSTOMER-TO-BANK IMPLEMENTATION GUIDELINES Abstract Document Reference Issue This document sets
More informationSEPA CORE DIRECT DEBIT SCHEME CUSTOMER-TO-BANK IMPLEMENTATION GUIDELINES
Doc: EPC130-08 30 October 2009 (Version 3.4 Approved) EPC SEPA CORE DIRECT DEBIT SCHEME CUSTOMER-TO-BANK IMPLEMENTATION GUIDELINES Abstract Document Reference Issue This document sets out the rules for
More informationREPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL
EUROPEAN COMMISSION Brussels, 23.11.2017 COM(2017) 683 final REPORT FROM THE COMMISSION TO THE EUROPEAN PARLIAMENT AND THE COUNCIL on the application of Regulation EU n 260/2012 establishing technical
More informationThe Evolving European Regulatory Landscape
Global Banking Symposium 2006 The Evolving European Regulatory Landscape Thomas J. Matich June 6 th 2006 Mass Payments Global Banking Symposium 2006 The evolving European regulatory landscape The introduction
More informationSEPA Direct Debits. Mandate Management Rules
SEPA Direct Debits Mandate Management Rules The following mandate rules are applicable for all direct debits submitted in the SEPA scheme. Creditors manage their own direct debit mandates and no longer
More informationSwiss Payment Standards 2018
Swiss Payment Standards 2018 Swiss Business Rules for Payments and Cash Management for Customer-Bank Messages Version 2.7, with effect from November 2018 Version 2.7 18.12.2017 General note Any suggestions
More informationMaking SEPA a Reality
www.europeanpaymentscouncil.org Pres EPC080/06 Making SEPA a Reality Charles Bryant EPC Secretary General Financial Services Consumer Group, 5 December 2006, Brussels What is SEPA? The EPC s Roadmap 2004
More informationInhoudsopgave. 1. Introduction. 2. Direct Debits DE (Telego) 3. Direct Debits NL (Equens) 2.1 Introduction. 2.2 Configuration
Inhoudsopgave 1. Introduction 2. Direct Debits DE (Telego) 2.1 Introduction 2.2 Configuration 2.3 Integration with e-commerce 3. Direct Debits NL (Equens) 3.1 Introduction 3.2 Configuration 3.3 Additional
More informationSEPA BUSINESS-TO-BUSINESS DIRECT DEBIT SCHEME CUSTOMER-TO-BANK IMPLEMENTATION GUIDELINES
Doc: EPC131-08 1 November 2010 (Version 3.0 Approved) EPC SEPA BUSINESS-TO-BUSINESS DIRECT DEBIT SCHEME CUSTOMER-TO-BANK IMPLEMENTATION GUIDELINES Abstract Document Reference This document sets out the
More informationREPUBLIC OF CROATIA National SEPA Migration Plan Annex 1
REPUBLIC OF CROATIA National SEPA Migration Plan Annex 1 March 2016 Content Introduction National SEPA Migration Plan Annex 1... 3 Organisational set up and management of the SEPA project in the Republic
More informationTake the lead! NOW. Information for the PUBLIC SECTOR
Take the lead! NOW Information for the PUBLIC SECTOR SEPA TAKE PAYMENTS TO THE NEXT LEVEL TABLE OF CONTENT 1. EXECUTIVE SUMMARY 4 2. ABOUT SEPA 5 2.1 The vision 5 2.2 The goals 6 3. ABOUT EPC 7 3.1 SEPA
More informationBUSINESS TERMS AND CONDITIONS FOR THE PROVISION OF PAYMENT SERVICES
BUSINESS TERMS AND CONDITIONS FOR THE PROVISION OF PAYMENT SERVICES PART ONE GENERAL PROVISIONS Article 1 Basic Provisions 1. This document constitutes Business Terms and Conditions of UniCredit Bank Czech
More informationAddendum on the XML message for SEPA Credit Transfer Initiation (PAIN)
Addendum on the XML message for SEPA Credit Transfer Initiation (PAIN) Version 6.4 July 2013 Table of content 1 Introduction 5 1.1 Character Set 6 1.2 Change history 6 2 Message item description 7 1.0
More informationSEPA CORE DIRECT DEBIT SCHEME CUSTOMER-TO-BANK IMPLEMENTATION GUIDELINES
Doc: EPC130-08 1 November 2010 (Version 5.0 Approved) EPC SEPA CORE DIRECT DEBIT SCHEME CUSTOMER-TO-BANK IMPLEMENTATION GUIDELINES Abstract Document Reference This document sets out the rules for implementing
More informationRetail Payments in Europe: SEPA as efficiency driver
Francisco Tur Hartmann Market Integration Division Retail Payments in Europe: SEPA as efficiency driver Finance IT Forum Sofia, 25 April 2013 Retail Rubric Banking and Retail Payments matter Social costs
More informationThe Single Euro Payments Area
The Single Euro Payments Area Alan Koenigsberg Destination Destination 1 What is SEPA? The Single Euro Payment Area (SEPA) will be the area where citizens, companies and other economic actors will be able
More informationEndorsed 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 informationSEPA BUSINESS TO BUSINESS DIRECT DEBIT SCHEME RULEBOOK
EPC222-07 Version 4.1 Approved Date issued: 6 November 2012 Date effective: 17 November 2012 SEPA BUSINESS TO BUSINESS DIRECT DEBIT SCHEME RULEBOOK Conseil Européen des Paiements AISBL Cours Saint-Michel
More informationSEPA BUSINESS TO BUSINESS DIRECT DEBIT SCHEME RULEBOOK
EPC222-07 Version 7.1 Date issued: 4 March 2015 Date effective: 20 November 2016 SEPA BUSINESS TO BUSINESS DIRECT DEBIT SCHEME RULEBOOK Conseil Européen des Paiements AISBL Cours Saint-Michel 30 B 1040
More informationRealisation of the Single Euro Payments Area in Finland
17.2.2010 Realisation of the Single Euro Payments Area in Finland SEPA Implementation and Migration Plan in Finland Version 4 Realisation of the Single Euro Payments Area in Finland SEPA Implementation
More informationTHE FRENCH MIGRATION PLAN
NATIONAL SEPA COMMITTEE THE FRENCH MIGRATION PLAN The French language text prevails Version 1, approved by the National SEPA Committee on October 27, 2006 1 National SEPA Committee French migration plan
More informationSEPA BUSINESS TO BUSINESS DIRECT DEBIT SCHEME RULEBOOK
EPC222-07 2017 version 1.1 Date issued: 18 October 2017 Date effective: 19 November 2017 SEPA BUSINESS TO BUSINESS DIRECT DEBIT SCHEME RULEBOOK Conseil Européen des Paiements AISBL Cours Saint-Michel 30
More informationSWIFT for Corporates
SWIFTStandards MT Implementation Guide This document describes the rules users must follow when sending or receiving SWIFTStandards MT in SCORE (Standardised Corporate Environment). Cash Management Standards
More informationSEPA CORE DIRECT DEBIT SCHEME RULEBOOK
EPC016-06 2017 version 1.1 Date issued: 18 October 2017 Date effective: 19 November 2017 SEPA CORE DIRECT DEBIT SCHEME RULEBOOK Conseil Européen des Paiements AISBL Cours Saint-Michel 30 B 1040 Brussels
More informationSEPA DIRECT DEBIT PROCESSING
SEPA DIRECT DEBIT PROCESSING TERMS AND CONDITIONS Československá obchodní banka, a. s. Postal Savings Bank (Poštovní spořitelna) Československá obchodní banka, a. s., with Registered Office at Radlická
More informationSEPA CORE DIRECT DEBIT SCHEME RULEBOOK
EPC016-06 Version 3.4 approved Date issued: 30 October 2009 Date effective: 2 November 2009 SEPA CORE DIRECT DEBIT SCHEME RULEBOOK Conseil Européen des Paiements AISBL Av. de Tervueren 12 B 1040 Brussels
More informationC2B - Customer to Bank Services
SEPA Data Format (XML) Version: 02.02 Status: Final Go live date: 2016-02-01 Related Documents Reference Title Source EPC132-08 Implementation Guidelines SEPA CT C2B European Payments Council EPC130-08
More informationNew Regulations in Payments Services
New Regulations in Payments Services Bucharest, 7 November 2013 Mirela Iovu Vicepresident CEC Bank Member of Legal Support Group of European Payments Council 1 New Regulations / Projects Regulation (UE)
More informationFinance Handbook Academic Year
Finance Handbook Academic Year 2018-28/08/2018 1 version 2018/2 Tuition Fees Postgraduate Taught (PGT) Standard Programme (90 ECTS) Full-time Part-time Full-time Part-time Academic Year 2018/ 17,960 8,980
More informationRetail payments accessibility The European experience
Francisco Tur Hartmann, Payments & Market Infrastructure European Central Bank Retail payments accessibility The European experience Agent Banking: Expanding Access to Financial, Payment, and Remittance
More informationWe have tried to minimise the affects on our customers when we make this move however there will be a couple of impacts along with improvements.
Important Changes to Bankline SEPA Direct Debit Origination May 2016 We have made important changes to your Bankline SEPA Direct Debit origination service. These changes are necessary to meet requirements
More informationfor 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 informationSELF-ASSESSMENT OF THE SEPA-COMPLIANCE OF THE SIA-SSB/BI-COMP CSM
1 September 2008 SELF-ASSESSMENT OF THE SEPA-COMPLIANCE OF THE SIA-SSB/BI-COMP CSM With a view to the implementation of the Single Euro Payments Area (SEPA), infrastructures should fulfil the four compliance
More informationSEPA CORE DIRECT DEBIT SCHEME RULEBOOK
Doc: EPC016-06 31 March 2009 Version 3.3 draft 1.0 approved SEPA CORE DIRECT DEBIT SCHEME RULEBOOK Abstract Document Reference Issue This document defines the SEPA Core Direct Debit Scheme Rulebook. EPC016-06
More informationSEPA Direct Debit Rules
SEPA Direct Debit Rules November 2017 SEPA Direct Debit Rules Contents This translation is furnished for the client s convenience only. The original Dutch text, which will be sent upon request, will be
More informationOrders in ISO format for issuance of transfers and cheques in euros
Orders in ISO 20022 format for issuance of transfers and cheques in euros Series of banking standards and procedures Implementation Guide Adapted to version 1.0 RB 2017 SEPA Credit Transfer November 2017
More information2.2. Eligibility for the Service. The Client understands and agrees that in order to be able to use the Service:
SATABANK SEPA DIRECT DEBIT CREDITOR SERVICE Effective as of: 15 th June 2017 This Schedule applies to SEPA Direct Debit payments, which the Client of Satabank makes in the capacity of Creditor (payee)
More informationTARGET 2 MARKET PARTICIPANTS VIEWS
D0509A 2012 FEDERATION BANCAIRE DE L'UNION EUROPEENNE TARGET 2 MARKET PARTICIPANTS VIEWS By Patrick Poncelet TWG Secretariat 1 AGENDA 1. ISO20022, SEPA REGULATION, SCT STREAM IN TARGET2 2. INTERDEPENDENCIES
More informationABN AMRO addendum on the XML Message for European Direct Debit Initiation
ABN AMRO addendum on the XML Message for European Direct Debit Initiation Table of contents 1 Introduction...4 2 Message description...5 1.0 Group Header... 5 1.1 Message Identification... 5 1.2 Creation
More informationBlueprint for a Pan-European E-Services Solution
Blueprint for a Pan-European E-Services Solution June 2011 Table of Content 1 INTRODUCTION... 5 1.1 Background... 5 1.2 Purpose... 5 1.3 Summary of findings... 6 1.4 Terminology... 6 2 MARKET ANALYSIS...
More informationDr. Anikó Turján and Judit Brosch: Single Euro Payments Area (SEPA): Full speed ahead!*
Dr. Anikó Turján and Judit Brosch: Single Euro Payments Area (SEPA): Full speed ahead!* In 2001, a study was conducted for the European Commission looking at the intra-community cross-border credit transfers
More informationMyBank Mandates. Digital Payments and Identity from the account EPCA Public. EBA Clearing. All rights reserved.
MyBank Mandates Digital Payments and Identity from the account EPCA 2014 Public 1 Digital Payments and Identity from your Bank 2 MyBank for Credit Transfer MyBank Mandates: What is it MyBank Mandates:
More informationTHE IMPLICATIONS OF SINGLE EURO PAYMENTS AREA (SEPA) ON BANKING EFFICIENCY
CES Working Papers Volume VI, Issue 3 THE IMPLICATIONS OF SINGLE EURO PAYMENTS AREA (SEPA) ON BANKING EFFICIENCY Mihaita-Cosmin POPOVICI * Abstract: With the creation of the euro by the Maastricht Treaty
More informationThis document is meant purely as a documentation tool and the institutions do not assume any liability for its contents
2012R0260 EN 31.01.2014 001.001 1 This document is meant purely as a documentation tool and the institutions do not assume any liability for its contents B REGULATION (EU) No 260/2012 OF THE EUROPEAN PARLIAMENT
More informationHow to complete a payment application form (NI)
How to complete a payment application form (NI) This form should be used for making a payment from a Northern Ireland Ulster Bank account. 1. Applicant Details If you are a signal number indemnity holder,
More informationRe: Open letter to banks planning to adhere to the SEPA Credit Transfer and SEPA Direct Debit Schemes
Letter EPC050-07 Version 0.7 31 May 2007 For the attention of: All banks and banking associations in SEPA Re: Open letter to banks planning to adhere to the SEPA Credit Transfer and SEPA Direct Debit Schemes
More informationBirth of the Single Euro Payments Area
Birth of the Single Euro Payments Area Benefits for US Corporations The information contained herein does not constitute and shall not be construed to constitute investment, tax or legal advice by Deutsche
More informationSecond progress report on the migration towards SEPA in Belgium
Second progress report on the migration towards SEPA in Belgium Steering Committee on the future of means of payment SEPA Working Group March 2009 2/28 Table of contents 1 Introduction 4 2 The operational
More informationSEPA: Impact on structure of payments markets
Banking & Technology Snapshot Digital economy and structural change May 9, 13 Author Heike Mai +9 9 91-31 heike.mai@db.com Editor Bernhard Speyer Deutsche Bank AG DB Research Frankfurt am Main Germany
More informationAccess to basic accounts and payment services in the EU
[ECB-Unrestricted] Monika Hempel Market Infrastructure Expert European Central Bank* Access to basic accounts and payment services in the EU *Disclaimer The views expressed in this presentation are those
More informationING Reference Guide. Structured MT940 & MT942
ING Reference Guide Structured MT940 & MT942 (Version 4) Strategic InsideBusiness Connect InsideBusiness Payments InsideBusiness Payments CEE SwiftNet FIN SwiftNet FileAct Telelink@Isabel EBICS Document
More information4 Pa y m e n t s e r v i ce s a n d p a y m e n t s ys t e m s. 4.1 Payment services. Annual Report 2014
Chart 27 Counterfeit euro banknotes recovered in in Slovakia and in the euro area as a whole (%) 9 8 7 6 5 4 3 2 Chart 28 Counterfeit euro coins recovered in in Slovakia and in the euro area as a whole
More informationService description. Corporate Access Payables Appendix Norway
Service description Corporate Access Payables Appendix Norway Table of contents Page 2 of 13 1 APPENDIX NORWAY... 3 2 GENERAL OVERVIEW OF THE NORWEGIAN PAYMENT INFRASTRUCTURE... 3 2.1 AVAILABLE PAYMENT
More informationAlterations and Top-up Contributions to your existing PRSA
Alterations and Top-up Contributions to your existing PRSA Application Form PLEASE READ THE QUESTIONS CAREFULLY BEFORE ANSWERING THEM AND USE CAPITAL LETTERS THROUGHOUT. 1. Seller Details Seller Name:
More information