The New Versions of the SEPA Credit Transfer and SEPA Direct Debit Sch...

The New Versions of the SEPA Credit Transfer and SEPA Direct Debit Scheme Rulebooks are Published

21 November 16

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The publishes today new versions of the Credit Transfer (), Direct Debit (SDD) Core (), and SDD Business to Business () scheme rulebooks, which will take effect in November 2017. Scheme participants will as usual have one year to adapt their systems.

The schemes are used by thousands of Payment Service Providers () in Europe, and facilitate some 36 billion transactions per year. The therefore invites all participating to take note of these new rulebook versions, and to make sure they will be ready in November 2017 to provide credit transfer and direct debit services that comply with the new versions of the rulebooks.

Scheme rulebook versions calendar

The also publishes today rulebook versions that will enter into effect at the end of this year and until November 2017. They however have no operational impact, as they entail administrative changes only (related to an updated version of the Scheme Management Internal Rules (SMIRs), forming an integral part of the rulebooks).

The below diagram helps to understand at a glance which rulebook versions are in effect when:

The also publishes today rulebook versions that will enter into effect at the end of this year and until November 2017. They however have no operational impact, as they entail administrative changes only (related to an updated version of the Scheme Management Internal Rules (SMIRs), forming an integral part of the rulebooks).

The below diagram helps to understand at a glance which rulebook versions are in effect when:

Main changes in the 2017 rulebooks

The documentations regarding the three schemes (rulebook, implementation guidelines, and other technical documents) are available in the links at the bottom of this page. The complete list of all changes made in each 2017 rulebook is available in the Annex III of each rulebook.

The changes in the rulebooks that will enter into effect in November 2017 (the ‘2017 rulebooks’) derive from the regular schemes’ change management cycle. Following a call for change requests, the received 40 change requests and reviewed them all. A 90 day public consultation on all received change requests was organised ending in July 2016. All change requests received, and the decisions made by the to take them forward or not, including the rationale behind these decisions, are available on the website in the ‘Change Proposal Submission Document’. In addition, the Stakeholder Forums (i.e. the Scheme Technical Forum (ESTF) and the Scheme End-User Forum (SEUF), gathering representatives of technical players and of the demand side of payments) provided their position on this document (also available at the bottom of this page).

The main update, which will be included in the rulebooks for all three schemes, features the obligation for scheme participants to accept at least, but not exclusively, Customer-to-Bank (C2B) payment message files based on the ’s C2B scheme Implementation Guidelines (). 

Customers will still have the choice either to continue using their existing C2B payment message file set-up or to opt for the C2B payment message file based on specifications. On the other hand, the scheme participants will have to be technically capable of supporting C2B payment message files based on the specifications. This change results from a recommendation from the Euro Retail Payments Board. 

It will benefit corporate customers which transact in various countries or with different partners. It is a step towards greater harmonisation across the region.

Other changes to the rulebooks include, for the scheme, inquiry procedures between the beneficiary bank and the originator bank as well as a concrete procedure for originator banks to handle a ‘request for recall by the originator’ for a reason other than duplicate sending, technical problems resulting in erroneous (s) and a fraudulently originated . Both changes will only become effective as of 18 November 2018.

The new versions of the and rulebooks contain a formal reference to the ‘Guidance on Reason Codes for SDD R-transactions’, which will be kept outside of the rulebooks to allow more flexibility when updating. In addition, the period during which collections under the scheme can be returned, has been extended from two to three interbank business days. This should lead to a decrease in the number of returns.

In 2017, the will carefully study a change request received during the 2016 scheme change management cycle

The decides to take forward change requests only when they meet market needs and are technically feasible in the timeframe of the rulebooks’ change management cycle. During the 2016 scheme change management cycle, the received a change request related to the extension of structured and unstructured remittance information, and to the combination of these two types of information in payment messages. It had decided to not include this change request in the new versions of the rulebooks. However, in 2017, the will collect the concrete needs from different payment end-user groups and analyse the impact of possible solutions to this change request, for scheme participants and for the different payment end-user groups, also involving the two Stakeholder Forums.



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