SDD Core definition

SDD Core means a direct debit scheme 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.
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SDD Core means a direct debit scheme which enables the payee to collect the given euro amount from the
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Examples of SDD Core in a sentence

  • The Bank shall not be under a control obligation or liability of any kind regarding whether the payee has a valid mandate to submit an SDD Core direct debit, or whether the collection meets the mandate given by the Customer to the payee.

  • It will also avoid missing payment deadlines, which generates reminders as well as unnecessary escalation and extra work, and could even result into being suspended from the Registers of Participants.Participants which prefer not to make use of SDD Core may settle their SEPA Scheme participation fee invoices by SEPA Credit Transfer (SCT) only.

  • No other payment methods are supported by the EPC.Applicants will be requested to indicate their preferred method of payment (SDD Core, SCT or SCT Inst) with the Schedule to the Adherence Agreement.

  • No other payment methods are supported by the EPC.Applicants will be requested to indicate their preferred method of payment (SDD Core or SCT) with the Schedule to the Adherence Agreement.

  • It will also avoid missing payment deadlines, which generates reminders as well as unnecessary escalation and extra work, and could even result into being suspended from the Registers of Participants.Participants which prefer not to make use of SDD Core may settle their SEPA Scheme participation fee invoices by SEPA Credit Transfer (SCT) or SEPA Instant Credit Transfer (SCT Inst).

  • Applicants wishing to make use of SDD Core to settle their Scheme participation fees are requested to provide the EPC with a duly completed and signed template SDD Core mandate, the template of which will be provided by the Secretariat.More details regarding the Scheme participation fee invoicing policy and guidelines are set out in the document EPC194-15.

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

  • The SEMWG recommends not taking forward the change request (option e) for the SDD Core scheme.Looking at the use cases proposed in the change request, an alternative for these use cases could be Request-to-Pay messages making use of the SCT and SCT Inst schemes.

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

  • 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.

Related to SDD Core

  • Major stationary source means any of the following:

  • Drug-free workplace means a site for the performance of work done in connection with a specific contract at which the employees of the Contractor are prohibited from engaging in the unlawful manufacture, distribution, dispensing, possession, or use of a controlled substance.

  • Contractor Materials means Materials owned or developed prior to the provision of the Work, or developed by Contractor independently from the provision of the Work and without use of the JBE Materials or Confidential Information.