EPC publishes updated version of the document ‘Clarification Paper: SE...

EPC publishes updated version of the document ‘Clarification Paper: SEPA Credit Transfer and SEPA Direct Debit’.

20 November 14

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In January 2013, the European Payments Council () first published a clarification paper, which addresses operational aspects related to the Credit Transfer () and Direct Debit (SDD) Schemes. The published version 2.0 of the clarification paper in June 2013. The paper seeks to ensure consistent implementation of the and SDD Rulebooks by payment service providers participating in the schemes. It covers the following aspects: character set, pre-notification, sequence types for SDD collections, R-transactions and currency conversion. The paper provides guidance and, where feasible, recommendations to scheme participants on how to handle situations that are not described in the rulebooks.

On 25 November 2014, the published version 2.1 of the clarification paper (see ‘related files’ below) including a few updates compared to the version 2.0 published in June 2013:

  • At the start of section 3, an important announcement was added regarding the collection time cycle and the use of the sequence type ‘First’ under the and SDD Business to Business (B2B) Rulebooks applicable as of November 2016. 
  • Section 3.8 includes an important change on the use of the sequence type ‘First’ relevant to both the and Rulebooks applicable as of November 2016. A clarification is given on the sequence type to be used for the representation of a returned one-off and last SDD collection. Finally, a note is included regarding a refunded one-off or last collection.

To give some background on the updates included in version 2.1 of the clarification paper on and SDD:

Following a three-month public consultation on possible modifications to the rulebooks carried out between 19 May and 15 August 2014, the published the Rulebook version 8.0, Rulebook version 8.0 and Rulebook version 6.0 and associated implementation guidelines on 25 November 2014 (see ‘related links’ below). These rulebook versions will take effect in November 2015.

Based on the feedback received during the 2014 public consultation on possible modifications to be incorporated into the rulebooks, the resolved to include changes related to the Scheme standard time cycle and the use of sequence types in both SDD Schemes in a further iteration of the SDD Rulebooks, i.e. the Rulebook version 9.0 and Rulebook version 7.0. To give stakeholders ample time to implement the main changes related to the standard time cycle and use of sequence types, the Rulebook version 9.0 and Rulebook version 7.0 will be published together with the associated implementation guidelines already in January 2015 to take effect in November 2016. (For detailed information, refer to the Newsletter article entitled ‘ and SDD Rulebooks: Modifications to the Rulebooks to Take Effect in November 2015 and November 2016, Respectively’ included in the ‘related links’ below.)

The version 2.1 of the clarification paper on and SDD reflects the changes regarding the standard time cycle to be incorporated into the Rulebook version 9.0 and the use of sequence types to be incorporated into the Rulebook version 9.0 and Rulebook version 7.0 to take effect in November 2016.



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