This is a key tool for any and Clearing and Settlement Mechanism (CSM) that needs to know which organisations are able to send and receive credit transfers and direct debits.
There is a Register of Participants for each scheme (the Credit Transfer, the Instant Credit Transfer, the Direct Debit Core and the Direct Debit Business-to-Business schemes). Only legal entities within that have adhered to the schemes are included in the Register of Participants. Branches are not included, unless they are branches of a incorporated in a country that is outside the geographical scope of the schemes.
Scheme participants and CSMs seeking to ensure their systems have up-to-date statuses for all participating can find the planned updates of the Register of Participants below. The schedule also includes the deadlines for applicant scheme participants to submit their adherence packs for a given Register update publication.
In accordance with industry practice, the operational start date is the first Monday after the first full weekend of the month.
Adherence receipt deadline by
|Register and publication||Operational Readiness date|
|21 September 2018||12 October 2018||5 November 2018|
|23 November 2018||14 December 2018||7 January 2019|
|21 December 2018||11 January 2019||4 February 2019|
|18 January 2019||8 February 2019||4 March 2019|
|15 February 2019||8 March 2019||1 April 2019|
|22 March 2019||12 April 2019||6 May 2019|
|19 April 2019||10 May 2019||3 June 2019|
|24 May 2019||14 June 2019||8 July 2019|
|19 July 2019||9 August 2019||2 September 2019|
|23 August 2019||13 September 2019||7 October 2019|
|20 September 2019||11 October 2019||4 November 2019|
For those interested in knowing the numbers of Payments Service Providers () who adhered to the Credit Transfer (), Instant Credit Transfer ( Inst), Direct Debit () Core and Direct Debit Business-to-Business ( B2B) payment schemes per country you can find the latest data in the document below.
scheme participants may need to know the total number of scheme participants in order to be able to assess the percentage of scheme participants affected in the circumstances of a so-called major incident.
The Business Identifier Codes (BICs) that are listed in the Register of Participants are reference BICs only (used to unambiguously identify the scheme participants adhering to the relevant scheme), and must not be relied upon as valid routing BICs. Any organisation using these BICs for routing rather than reference purposes may face difficulties when initiating or processing transactions.
When a scheme participant chooses a CSM, it provides its routing BICs (including those of its branches) to this organisation.
CSMs compliant with the schemes use the Register of Participants to check which are reachable in the context of transactions.