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.
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.
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 SDD publication||Operational Readiness date|
|22 December 2017||12 January 2018||5 February 2018|
|19 January 2018||9 February 2018||5 March 2018|
|16 February 2018||9 March 2018||3 April 2018|
|23 March 2018||13 April 2018||7 May 2018|
|20 April 2018||11 May 2018||4 June 2018|
|18 May 2018||8 June 2018||2 July 2018|
|22 June 2018||13 July 2018||6 August 2018|
|20 July 2018||10 August 2018||3 September 2018|
|24 August 2018||14 September 2018||8 October 2018|
|21 September 2018||12 October 2018||5 November 2018|