EPC Publishes Version 2.0 of the ‘Clarification Paper: SEPA Credit Tra...

EPC Publishes Version 2.0 of the ‘Clarification Paper: SEPA Credit Transfer and SEPA Direct Debit’ Including a Few Updates Compared to the First Version Published in January 2013.

24 October 13

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In January 2013, the European Payments Council ( ) published a clarification paper, which addresses operational aspects related to the Credit Transfer ( ) and Direct Debit ( ) Schemes. The paper seeks to ensure consistent implementation of the and Rulebooks by payment service providers participating in the schemes. It covers the following aspects: character set, pre-notification, sequence types for 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.

In June 2013, the published version 2.0 of the clarification paper (see ‘related files’ below) including a few updates compared to the first version published in January 2013:

  1. The title of section 3.3 was slightly amended (page 4 in version 2.0): ‘How should a Debtor Bank act if it receives a recurrent transaction without having received a first one under this Unique Mandate Reference (UMR)? Process or reject?’
  2. A new section 3.5 was added (page 5 in version 2.0): ‘What original Creditor ID (CID) and/or Unique Mandate Reference (UMR) needs to be mentioned in the amendment indicators in case of subsequent changes of the CID and/or UMR?’
  3. Overview of the different scenarios concerning sequence questions (page 8 in version 2.0): ‘request for cancellation’ added alongside ‘reject’ for ‘First’ as sequence type of the original with footnote 1 added.


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