SEPA Core Direct Debit Procedure definition

SEPA Core Direct Debit Procedure means the procedure for the execution of SEPA Direct Debits under the Rulebook within SEPA.
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Examples of SEPA Core Direct Debit Procedure in a sentence

  • The SEPA Core Direct Debit Procedure enables the Banks Account Holder to settle the financial obligations toward a Creditor.

  • The relationship between the Customer and the Bank in connection with the SEPA Core Direct Debit Procedure is governed by the rest of the General Terms and in particular, the Framework Contract.

  • As Collections under the SEPA Core Direct Debit Procedure are made only in Euro, the Customer acknowledges that he may be subject to a currency risk if the amount he owes the Creditor is in a currency other than Euro or the amount is to be debited from an Account that is not held in Euro.

  • The SEPA Core Direct Debit Procedure enables a Customer to settle his financial obligations toward Creditors by signing a Mandate that entitles the Creditor to collect the amount(s) owed from the Bank.

  • The SEPA Core Direct Debit Procedure enables the Customer or Debtor to settle his/her financial obligations towards Creditors by signing a Mandate that entitles the Creditor to collect the amount(s) owed from the Bank.

  • Payments under the SEPA Core Direct Debit Procedure can be made only in Euro.

  • For the execution of payments by SEPA Core Direct Debits,• the payee and her/his payment service provider must use the SEPA Core Direct Debit Procedure, and• the Customer must grant the payee a SEPA Direct Debit Mandate prior to the payment transaction.

  • The Customer can make payments in euros to the payee through the Bank within the Single Euro Payments Area (SEPA) with the SEPA Core Direct Debit Procedure.

  • The relationship between the Customer and Intraclear in connection with the SEPA Core Direct Debit Procedure is governed by the rest of this Agreement and in particular, the Framework Contract.

  • The relationship between the Customer and the Bank, in connection with the SEPA Core Direct Debit Procedure, is governed by the rest of the General Terms and in particular, the Framework Contract.

Related to SEPA Core Direct Debit Procedure

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