The European Payments Council ( ) published today the version 1.4 of the clarification paper on the Single Euro Payments Area ( ) Credit Transfer ( ) and Instant Credit Transfer ( Inst) rulebooks as well as the version 1.2 of the clarification paper on the Direct Debit ( ) Core and Business-to-Business (B2B) rulebooks.
Both papers address operational aspects related to the Core, B2B, and Inst rulebooks and seek to ensure consistent implementation of the two direct debit and the two credit transfer rulebooks by payment service providers participating in the schemes. The papers, which will be updated from time to time, as required, provide guidance and, where feasible, recommendations to scheme participants on how to handle situations that are not described in the rulebooks.
About the Clarification Paper on the Core and B2B rulebooks:
This document replaces the version 1.1 of the clarification paper. It applies to the currently applicable 2017 Core and B2B rulebooks and to the 2019 Core and B2B rulebooks.
The main change concerns a new section 2.3 clarifying the relationship between the Creditor and the Creditor Reference Party and its use for the Mandate and the Collection.
About the Clarification Paper on the and Inst rulebooks:
The new version of the paper applies to the current applicable 2017 and Inst rulebooks but also gives important clarifications and schematic workflows about the inquiry process entering into force as of 17 November 2019 under the 2019 rulebook.
Together with both clarification papers, the published a new version of the following documents:
Guidance on reason codes for SEPA Instant Credit Transfer R-transactions
Guidance on reason codes for SEPA Credit Transfer R-transactions
Guidance on reason codes for SEPA Direct Debit R-transactions
Addenda and Errata documents to the 2019 Version 1.0 SCT Interbank IGs
Errata documents to the 2019 Version 1.0 SCT Inst Interbank IGs
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