SEPA Core Direct Debit Scheme definition

SEPA Core Direct Debit Scheme means the payments scheme for making direct debits across SEPA as set out in the SEPA Core Direct Scheme Rulebook;
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SEPA Core Direct Debit Scheme means the common set of rules, practices and standards for the provision and operation of a SEPA Core Direct Debit developed by the European Pay- ments Council, details of which are contained in the SEPA Core Direct Debit Rulebook and are available at www.europeanpaymentscouncil.eu;
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SEPA Core Direct Debit Scheme means the payment scheme for making direct debits across SEPA, as set out in the SEPA Core Direct Debit Scheme Rulebook; “TARGET Day” means an Inter-Bank Business Day identified as such in the calendar of the Trans-European Automated Real-time Gross Settlement Express Transfer System.2 ApplicationsApplications to open an Account can be made by completion of the necessary documentation.3 Payments into the Account3.1 Cheques
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Examples of SEPA Core Direct Debit Scheme in a sentence

  • The Debtor and Creditor must each hold an account with a bank participating to the SEPA Direct Debit scheme.Both Core and Business-to-Business European Direct Debits are described in this document.The SEPA Core Direct Debit Scheme is intended for payments where Debtors are consumer entities.

  • By way of the SEPA Core Direct Debit Scheme the Customer may effect via the Bank payments in EUR to a payee within the Single Euro Payments Area (SEPA).

  • Where the SEPA Core Direct Debit Scheme applies, we will process those SEPADirect Debits in accordance with the most up-to- date version of the SEPA Core Direct Debit Scheme Rulebook, which sets out the rules to which all who participate inthe SEPA Core Direct Debit Scheme must adhere.

  • The Service will operate within the SEPA Core Direct Debit Scheme and requires creditors to seek agreement from their debtors to be debited under the scheme by completion of a waiver document which the debtor signs in order to waive the right to the no questions asked refund.

  • Further details of the SEPA Core Direct Debit Scheme are available from www.europeanpaymentscouncil.eu.

  • If, in respect of an Account, you are permitted to set up Direct Debits on that Account, we confirm that where such a Direct Debit is a SEPA Core Direct Debit, we will process that SEPA Core Direct Debit in accordance with the most up-to-date version of the SEPA Core Direct Debit Rulebook which sets out the rules which all financial institutions who participate in the SEPA Core Direct Debit Scheme must adhere to.

  • The SEPA Core Direct Debit Scheme is a new mandatory European scheme.

  • The SEPA Core Direct Debit Scheme (the “Scheme”) is a pan-European Direct Debit Scheme that operates in all SEPA countries, namely the EU member states, the three additional member states of the European Economic Area (the EEA), and other countries and territories which have been admitted to the SEPA geographical scope having met the EPC's criteria for adherence to and participation in SEPA, as listed on the EPC website and updated from time to time.

  • The SEPA Core Direct Debit Scheme (the “Scheme”) is a pan-European Direct Debit Scheme that operates in all SEPA countries, namely the EU member states, the three additional member states of the European Economic Area (the EEA), Monaco, San Marino and Switzerland, and other countries and territories which have been admitted to SEPA having met the EPC's criteria for adherence to and participation in SEPA.

  • For the execution of payments under the SEPA Core Direct Debit Scheme,• both the payee and its payment services provider must use the SEPA Core Direct Debit Scheme and • the Customer must provide the payee with a SEPA Direct Debit Mandate before the payment process is initiated.The payee initiates the payment process by presenting the direct debit to the Bank via the payee’s payment services provider.


More Definitions of SEPA Core Direct Debit Scheme

SEPA Core Direct Debit Scheme means the
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SEPA Core Direct Debit Scheme means the payment scheme for making direct debits across SEPA asset out in the Rulebook.
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