EPC Publishes a Clarification Paper on the Use of Slashes in its Customer-to-Bank Payment Messages 04-11-2015
The European Payments Council (EPC) releases today a clarification paper on the use of slashes in the Single Euro Payments Area (SEPA) customer-to-bank ISO 20022 payment messages used to initiate credit transfers and direct debits.
The SEPA Implementation Guidelines, which will become effective in November 2015, stipulate that the content of references, identifications and identifiers must not start or end with a ‘/’ (single slash) nor should it contain ‘//’ (double slashes). By applying this ‘slash rule’, issues for example related to the conversion of ISO 20022 messages into the previous message standard can be avoided.
This document clarifies which data elements are impacted by the ‘slash rule’.
Click here to read the clarification paper.