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On September 15, 2015 the European Payments Council (ECP) published new guidelines for the appearance of mandates for the SEPA Direct Debit (SDD) Core and SDD Business-to-Business (B2B) Schemes.
On September 15, 2015 the European Payments Council (ECP)
published new
guidelines for the appearance of mandates for the SEPA Direct
Debit (SDD) Core and SDD Business-to-Business (B2B) Schemes. The
guidelines aim to reduce the complexity of mandates without losing
essential or mandatory content and remaining
Rulebook-compliant.
The EPC also provides advice on the circumstances in which the
delivery of the debtor bank’s bank identifier code is
mandatory in SDD transactions.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
