Examples of SEPA Mandate in a sentence
In the case of a SEPA Direct Debit, the applicable SEPA Scheme rules will specify how authorisation for the payment must be provided including where relevant a form of SEPA Mandate.
A SEPA Mandate is the written permission by the client to charge him by SEPA.
The payee will submit to the Bank (as the Client's payment service provider) the information collected under the SEPA Mandate through its payment service provider.
A SEPA direct debit is a Euro direct debit initiated by a payee (such as a creditor of the Client and beneficiary of the payment) and directly debited from the Client's account, as payer, on the basis of a special mandate agreed between the payee and the Client (a "SEPA Mandate").
A SEPA direct debit is a direct debit in Euro initiated by a Payee (such as a creditor of the Client and beneficiary of the payment) and directly debited from the Client's account, as payer, on the basis of a special mandate agreed between the Payee and the Client (a "SEPA Mandate").
At the Client's request, a SEPA direct debit application or a SEPA Mandate may be rejected by the Bank provided that the Client's request is received by the Bank on the Business Day preceding the execution date.
By means of this SEPA Mandate, the Client authorises the Bank, until it receives instructions to the contrary given in line with the provisions of this clause, to debit his/her account on the basis of a direct debit request submitted to the Bank by the payee, or by the payee's payment service provider, in line with the SEPA Mandate agreed between the payee and the Client.
SEPA direct debit services are provided by the Bank on the condition that the Client has signed a SEPA Mandate with the payee, at the payee's initiative and which will be retained by the payee (directly or via its payment service provider).
A SEPA Mandate may generate a single payment or repeating payments, depending on the direct debit requests defined between the Payer and the Payee (in accordance with their underlying legal or contractual commitments) and issued by the Payee (or its Payment Service Provider) to the Bank.
SEPA- Mandate Reference: Here you can assign an SEPA Mandate Reference to the client.