SEPA payment definition

SEPA payment means a payment transaction carried out within the SEP statutory area;
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SEPA payment means cashless money transfer in euro currency within the SEPA area – with the indication of obligatory requisites as per Article 7 hereof and in accordance with the applicable legal regulations which meet the principles set by the Bank for SEPA payment.
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SEPA payment means a euro money transfer from one SEPA country to another. A SEPA transfer is made to an IBAN account number;
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Examples of SEPA payment in a sentence

  • Payment submitted via SEPA payment type is generally considered as non urgent and low value payment, however the amount limit is not set.

  • Although such payment is received by the Payee’s provider in the Members State which has the euro as its currency from the Member State which does not have the euro as its currency, SEPA payment is credited to the Payee under the conditions of domestic payment.

  • In case a SEPA payment order does not contain some of the criteria specified herein, such transfer shall be rejected by the bank.

  • These Regulations apply to SEPA applicants, SEPA participants and SEPA payment transactions.

  • The ECB is actively involved and threatens banks with regulation if they do not implement SEPA payment products by some deadline.

  • If the payment is executed in EUR, and the recipient's financial institution is situated in the EU, Norway, Liechtenstein, Switzerland or Iceland, the payment will be executed as a SEPA payment.

  • SEPA payment order must meet determined criteria, and that being specification of a beneficiary’s account number in IBAN format, specification of a payment instruction “charges of other banks are borne by the beneficiary, i.e. SHA or eventually SLEV”.

  • If a SEPA payment is ordered from a Finnish account and the beneficiary bank turns out not to be SEPA compliant, the payments will be booked as a lumpsum on the debit account (if more than one payment in the same file and with the same payment date).

  • If a SEPA payment is made between accounts kept with the Bank, the payer and payee’s account must both be denominated in EUR.

  • The routing table is a text file with the following structure: No.ElementFormatDescription1.Name105aName.2.BIC11a11-digit BIC or8-digit BIC with the extension "XXX".3.Valid from8nDate when the data become valid (YYYYMMDD).4.Valid until8nDate up to which the data are valid (YYYYMMDD).5.Type of participation2nRefers to the participant's reachability:"00" – not reachable; "05" – participant;"06" – indirect participant or addressable BIC holder;"20" – participant of STEP2 or another SEPA payment system.


More Definitions of SEPA payment

SEPA payment means a cashless payment of funds in EUR within the SEPA Countries, initiated by the payer, with both the payer’s bank and beneficiary’s bank are the SCT SEPA Scheme participants.
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SEPA payment means Single European Payments Area and aims to make sure that European consumers, businesses and public authorities can make and receive payments in euro under the same basic conditions, rights and obligations and were introduced prior to the start of the relevant period;
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Related to SEPA payment

  • Delta Payment means as it is described in this Agreement.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • LWDA PAGA Payment means the 75% of the PAGA Penalties paid to the LWDA under Labor Code section 2699, subd. (i).

  • Upfront Payment has the meaning set forth in Section 4.1.

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

  • Event Payments has the meaning set forth in Section 6.1(d).

  • Option Payment shall have the meaning set forth in Section 3.4.

  • Earn-Out Payment has the meaning set forth in Section 2.07(a)(i).

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.

  • Annual Payment The total amount payable to the Settlement Fund Administrator by the Settling Distributors on the Payment Date each year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B.1.e. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section X.

  • Co-payment means a relatively small amount of money paid by the insured person towards the cost of each day in a private hospital per episode of care, with Latrobe paying the rest of the cost.

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

  • Basic Rent Payment Date means Basic Rent Payment Date as defined in Paragraph 6.

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Closing Payment Amount has the meaning specified in Section 1.5.

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Change in Control Payment means a lump sum payment in an amount equal to the sum of (i) 300% of Executive's annual base salary as in effect pursuant to Section 2.1 immediately prior to Executive's termination of employment with Company and (ii) three times 45% of the maximum annual incentive bonus amount pursuant to Section 2.2 that Executive could have earned for the year during which Executive's employment with Company terminates.

  • Minimum Payment Due means the least payment amount, specified in the “Statement of Account”, required to be paid by the “Principal Cardholder” on or before the “Payment Due Date” in order to keep the “Card Account” active. “Past Due Amount” from previous “Billing Cycle” will form part of the “Minimum Payment Due”.

  • PRE-PAYMENT The Tenant shall: (check one)

  • Next Payment means, in respect of each Next Payment Date, the greater of (i) the amount of any payments due to be made by Party A under Section 2(a) on such Next Payment Date less any payments due to be made by Party B under Section 2(a) on such Next Payment Date (in each case, after giving effect to any applicable netting under Section 2(c)) and (ii) zero.

  • Rental Payments means the rental payments paid by the occupant of a unit, excluding any supplemental rental assistance to the occupant from the State, the federal government, or any other public agency, but including any mandatory fees or charges imposed on the occupant by the Owner as a condition of occupancy of the unit.

  • Adjustment Payment means, in respect of any Security, the payment (if any) determined by the Determination Agent as is required in order to reduce or eliminate, to the extent reasonably practicable, any transfer of economic value to or from the Issuer as a result of the replacement of the Index by the Alternative Pre-nominated Index. The Determination Agent may determine that the Adjustment Payment is zero.

  • Additional Payment has the meaning given in clause 11.1 (Right to repay the Facility early).

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;