SDD B2B definition

SDD B2B means a direct debit scheme—applicable only and exclusively between enterprises and entities not qualifying as consumers—which enables the payee to collect the given euro amount from the payer’s payment account, provided the payer has authorised the payee in advance and in writing to do so, and provided that the payer’s bank has admitted the mandate and the collection order has been submitted in accordance with the mandate; in accordance with Hungarian laws on payments, a customer qualifying as a microenterprise may not give a mandate for an SDD B2B scheme as a payer.
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SDD B2B means the SEPA Direct Debit Business to Business Scheme.
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Examples of SDD B2B in a sentence

  • Direct debit includes only payments under the SEPA SDD Core and SEPA SDD B2B schemes.

  • The physical presentation is not governed by the SDD Core and SDD B2B schemes.

  • At the end of each SEPA-Clearer business day (at around 22:00), each participant receives a daily reconciliation report for SEPA direct debits (DRD), separately for SDD Core and and SDD B2B.

  • The SDD B2B Scheme Rules are available on the internet page www.sepa.hr.

  • The SEPA-Clearer's SDD service (comprising the SDD Core service and an SDD B2B service) supports SEPA direct debits in XML format as stipulated in the ISO 20022 standard and the EPC specifications.

  • Co-op members are responsible for any act or failure to act by• any member of their household, or• any person permitted on co-op property by the co-op member or another member of their household.Members must make sure that none of those persons does anything that would break this Article or other parts of the co-op by-laws.

  • Several SCT and SDD Core change requests and related SEMWG change proposals are also applicable to the SDD B2B scheme.

  • As stated in section 4.8.2 (AT-01) of the SDD B2B Scheme Rulebook, the Unique Mandate Reference must be unique within one Scheme.

  • The Creditor Bank and the Debtor Bank first have to adhere to the SDD B2B Scheme with the EPC before the SDD B2B Collection can be handled between the concerned Banks.

  • In case both parties agree to settle the provision of goods and services in the future through the SDD B2B Scheme, a SDD B2B mandate needs to be concluded between the Creditor and the Debtor and the Debtor subsequently has to confirm this mandate with the Debtor Bank.

Related to SDD B2B

  • Intermediate Distribution Frame (IDF means a second frame that augments an existing Main Distribution Frame. Lines or outside cables that do not terminate on the IDF.

  • €STRi-pTBD means, in respect of any TARGET Business Day falling in the relevant Interest Accrual Period, the €STR for the TARGET Business Day falling “p” TARGET Business Days prior to the relevant TARGET Business Day “i”;

  • O. Reg. 419/05 means the Ontario Regulation 419/05, Air Pollution – Local Air Quality.

  • Main Distribution Frame (MDF) means the termination frame for outside facility and inter-exchange office equipment at the CO.

  • B-BBEE means broad-based black economic empowerment as defined in section 1 of the Broad-Based Black Economic Empowerment Act;

  • Sxxxxxxx-Xxxxx Act means the Sxxxxxxx-Xxxxx Act of 2002, as amended.