SEPA :
Plus que 85 jours pour finaliser
la migration !
Nog maar 85 dagen voor de
finalisatie van de migratie!
Agenda
•
•
•
•
•
•
•
•
Introduction
SEPA Credit Transfers
SEPA Direct Debits
Q&A
Coffee break
End of legacy CT & dom’80
Standards
Q&A
Infosession - Febelfin - 07/11/2013
2
SEPA:
Programme Management Office
Axelle Waterkeyn - National Bank of Belgium
End date regulation
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4
End date regulation : 01/02/2014
Belgian banks did not ask a waiver
on the Member State options
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5
SEPA - End date regulation
Schemes
 End of domestic CT and DD schemes in euro countries as
from 01/02/2014
 Mandatory use of ISO XML 20022 format to banks as from
01/02/2014
Formats
 IBAN mandatory as from 01/02/2014
 BIC no longer required for domestic transactions as from
01/02/2014
 BIC no longer required for cross-border transactions as from
01/02/2016
Consumer
protection
 New protection measures for direct debits consumers
(white/black list, limit amount, etc.) as from 01/02/2014
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Migration
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7
Migration SCT - En Europe et en Belgique
100%
95%
CEC
90%
85%
Euro area CSMs
80%
75%
70%
65%
60%
55%
50%
44.71% 45.09%
38.83%
45%
33.33%
40%
35%
30%
21.07%
25%
20.50%
16.86%
20%
16.07%13.90%
15%
6.20%
10% 1.91%
5%
0% 1.80%
72.64% 73.92%
65.16%
61.59% 62.93%
59.80%
47.66%
52.30%
58.03%
67.44%
62.97%
40.25%
34.86%
29.57% 30.30%
56.26%
52.78%
49.98%
46.95%
27.16%
23.71%
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8
Migration SDD - En Europe et en Belgique
100.00%
90.00%
80.00%
70.00%
60.00%
50.00%
40.00%
25.40%
30.00%
19.48%
20.00%
16.35%
12.92%
10.00%
1.83%
3.30%
15.30%
13.93%
11.02%
1.94%
11.10%
2,51%
0.00%
% Belgium
18.93%
21.64%
24.41%
5.81%
6.84%
4.79%
% Europe
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Migration SDD - Créanciers
Mandats de domiciliation belges
100.00%
100%
90%
80%
% Mandats
70%
60%
50%
40%
30%
20%
10%
0%
# Créanciers
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Communication
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Actions de communication BNB
(octobre 2013 – février 2014)
 01/10/2013 Réunion d'information Entreprises (Febelfin-Isabel-BNB)
 17/10/2013 Dépliant et Affiche SEPA (SPF Finances)
 24/10/2013 Conférence de presse
(SPF Finances-SPF Economie-Febelfin-BNB)
 07/11/2013 Réunion d'information banques (Febelfin)
 14/11/2013 Réunion d'information ERP (Febelfin-Agoria-BNB)
 Décembre Sessions d'info ad hoc
 Janvier Sessions d'info ad hoc
 01/02/2014
SEPA
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12
Conclusions
• SEPA entame sa dernière ligne droite
• Chacun doit avoir migré, au plus tard, le 01/02/2014
• Les banques doivent accompagner leurs clients et les encourager à
entamer leurs développements
• L'accent doit être porté sur les petites et moyennes entreprises
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Questions
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14
“SEPA Credit Transfers
What’s New? ”
Gilles Swinnen - BNP Paribas Fortis
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15
Agenda
1. Statistics
2. Market Status and next steps End Date
Regulation
3. EPC -- SCT Rulebook Releases
• 2014
• ….
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SCT Migration statistics
100%
95%
CEC
90%
85%
Euro area CSMs
80%
75%
70%
65%
60%
55%
50%
44.71% 45.09%
38.83%
45%
33.33%
40%
35%
30%
21.07%
25%
20.50%
16.86%
20%
16.07%13.90%
15%
6.20%
10% 1.91%
5%
0% 1.80%
72.64% 73.92%
59.80%
47.66%
52.30%
65.16%
61.59% 62.93%
58.03%
67.44%
62.97%
40.25%
34.86%
29.57% 30.30%
56.26%
52.78%
49.98%
46.95%
27.16%
23.71%
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SCT Migration Project
1. January 2008
: SCT Start – up
2. October 2011
: End of Legacy Paper Acceptance (BE)
3. 2011 – 2013 : Communication campaign Febelfin / NBB
Points of concern to support a full migration:
25% to go
–
–
Client channels:


–
–
4. End Date
IBAN/BIC
Clients using single payments
Clients using upload of files
Internal banking applications
XML Reporting
: 01/02/2014
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18
EPC - SCT Rulebook Releases
Feb 2014
•
Clarifications:
o
•
Additional text to align Rulebook with End Date Regulation text
Changes:
o
Extra reason codes indicating BIC not reachable at CSM for given
Scheme
Feb 2016
•
No more BIC required for cross-border credit transfers (IBAN-only)
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19
Other:
• FAQ SCT published on website NBB : see
http://www.nbb.be/doc/ts/Products/PaymentSystems/SEPA/FAQ_Nl.pdf
http://www.nbb.be/doc/ts/Products/PaymentSystems/SEPA/FAQ_Fr.pdf
http://www.nbb.be/doc/ts/Products/PaymentSystems/SEPA/FAQ_En.pdf
• SCT Payments for beneficiaries in non-EEA countries
 Regulation 1781/2006 (art 4-5): Obligation to provide
IBAN, Name and Address
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Questions?
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SEPA…the last countdown…
Begoña Blanco Sánchez
Head of Product Management Payments
ING Belgium
Agenda
1. PSD 2
2. Status at European level
3. End date Regulation
4. Lessons learned
5. Conclusion
6. Questions?
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1. PSD 2
Draft July 2013
National consultation in September 2013
Discussions on going at EPC & EBF
Possible Impacts on the SEPA rulebooks
Purpose is to clarify and complete PSD 1
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2. Status at European level (EPC)
End-dates:
No waiver requested by Belgium
• 01/02/2014 for Euro countries
• 01/02/2016 for non-Euro countries
Core scheme
• Rulebook 7.0 implementation 01/02/2014
No new rulebook expected in 2014
B2B scheme
• Rulebook 5.0 implementation 01/02/2014
No new rulebook expected in 2014
BIC removed 01/02/2014 (domestic)
BIC removed 01/02/2016 (cross border)
National Fact Sheets on Regulation 260/2012 on ECB Website :
http://www.ecb.europa.eu/paym/sepa/about/countries/html/index.en.html
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2. Status at European level
E-mandates
Survey At EPC
Conclusion ?
Febelfin workgroup
Core 1
Spain, Austria, Germany in 2013 & 2014
Fixed Amount scheme
EPC has requested a list of activities that could be opt for FA
Who’s allowed to use the FA scheme ? (code of conduct ?)
What about fixed amount ?
How to interprete it ? Impact of the PSD 2 ?
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3. End Date regulation
Protection of the consumers
Banks have to offer (= obligation) :




Maximum amount
Periodicity
Black list
White list
Mandatory for Core

Please inform customers not to add periodicity or amount
in the mandates

Only for debtor banks
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3. End Date regulation - Interchange Fees
•
Cross border transaction : forbidden since 01/11/2012
•
Domestic transaction: 2 cents in BE until 01/02/2017
•
R transactions allowed: based on the real cost of treatment
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4. Lessons learned - Communication
Important to share SEPA knowlege
- Branches !!!
- Sales
- Implementation
- Customer supports
- Marketing
-…
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4. Lessons learned - Database NBB
As per 01/02/2014, database will provide static data available for the
customers who will use the DOM reference later on
No amendment on the DOM 80 mandates after the End date
-> new mandate is required
2 steps to close DOM 80
- At debtor level
- At Creditor level
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4. Lessons learned - Migration of the mandates
Database at National Bank
If the NBB file contains several DOM 80 mandates with the same
mandate number for the same creditor, the mandate can be identified in
the colonne “mandatereference” by 6 positions
(this is the case when several mandates have been signed by the debtor
for the same creditor with the same DOM 80 number provided by the
debtor bank)
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4. Lessons learned - Archiving the mandates
Today, only paper mandates are available
Archiving 10 years after last debit
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4. Lessons learned - The mandate
 Mandatory field on the Belgian SDD mandate
 XML format: no tag for the “description of the underlined contract”
 Interbank mandate is published on the NBB website
 Fields on the template are mandatory
 Creditors should ask their banks to check the mandate form they
would like to use
 No details of kind of accounts should be added
 No stamp from the bank
 Any other info should be separated from the mandatory fields
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4. Lessons learned - The mandate
 Cancellation of the mandates between the debtor and the
creditor (or via the debtor bank if mentioned in the Terms &
Conditions)
 Mandate Core: consumers & non-consumers
 B2B is optional
-> Core mandate can be signed by a Business debtor
-> B2B mandate can not be signed by a consumer)
 B2B is not related to the type of account hold by the debtor but
the quality of the client acting as a consumer or non consumer
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Information Session Febelfin –07/11/2013
4. Lessons learned - The mandate reference
Rulebooks
Reference has to be unique with the Creditor ID
…subject to interpretation…
-> 1 reference is possible for 2 mandates: 1 in core & 1 in B2B
-> advice your creditors: no misuse is allowed
Best advice: to use 1 unique reference per creditor to avoid any
confusion
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4. Lessons learned - Business code
When Creditor has an Enterprise n°:
BE
98 ZZZ 0456810810
Enterprise number (10 pos.)
The Business code can be used by the creditor
Check digit does not apply to the business code
Not part of the creditor ID
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4. Lessons learned - File structure
3 LEVELS
Group Header
Payment Information 1
Transaction Information 1
Transaction Information 2
« Group header »
(FILE)
« Payment Information »
(BATCH)
« Transaction Information »
(PAYMENT)
Payment Information 2
Transaction Information 3
Transaction Information 4
Transaction Information 5
Payment Information 3
Transaction Information 6
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SDD Sequence type sent
by the Creditor
Type of R-trx
Before Due Date: Pacs.002 Reject
or Request for Cancellation (RFC)
Camt.056
Next collection with same
mandate based on
R-transaction received
After Due Date: Pacs.004
Lessons learned/ Advice
Return/Refund
First
Reject/RFC
First
First
Return/Refund
Recurrent
Recurrent
Reject/RFC/Return/Refund
Recurrent
Last
Reject/RFC
Last
Last
Return/Refund
Mandate expired.
One OFF
Reject/RFC
One-OFF
One OFF
Return/Refund
Mandate expired
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4. Lessons learned - B2B process
If customer with European activity, advice on B2B process across
Europe
Clarification paper will be sent before End 2013 by SPS/EPC
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4. Lessons learned - reason codes
AC01
Account identifier (IBAN) incorrect
Incorrect IBAN
AC04
Account closed
Account closed
AC06
Account blocked
Account blocked (succession /bankrupcy)
AC13
Invalid Debtor account type
Account type not allowed for DD
AG01
DD forbidden on this account for
regulatory reasons
Account not allowed for DD for regulatory reasons
AG02
Bk operation code specified in the
message is not valid for receiver
Bk operation code specified in the message is not
valid for receiver
AM05
Duplication collection
Same collection has been done in the near past
BE05
ID of th creditor incorrect
Creditor ID incorrect
FF01
File format incomplete or invalid
XML file not duly filled out or correct-syntax error
No/incorrect (syntax) mandate info in collection
Amendement info is missing
MD01
No valid mandate
No mandate/B2B mandate not yet confirmed
Refund unauthorised transaction (13 months)
MD02
Mandate data missing or incorrect
Sequence type incorrect
40
4. Lessons learned - reason codes
MD06
Disputed authorized transaction
Unconditional refund (Core 8 weeks)
MD07
Debtor deceased
Debtor deceased
MS02
Refusal by the debtor
Refusal by the debtor at presentation
MS03
Reason not specified
Limit the use of this code & select more
specific one
PY01
Not routable
Debtor bank is not reachable for SDD
RC01
Bank id (BIC)incorrect
BIC is incorrect
RR01
Regulatory reason
Regulatory reason
RR02
Regulatory reason
Regulatory reason
RR03
Regulatory reason
Regulatory reason
SL01
Specific service offered by the debtor
bank
Block mandate/white-black list/max amount/
periodicity
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4. Lessons learned - Refund
45 The Debtor Bank’s Reference of the request
48 The Date of sending the request by the Debtor Bank
49 The Name of the Debtor Bank
50 The Debtor Bank contact details
51 The e-mail address or fax number where the copy of the Mandate
should be sent to at the Debtor Bank
12 BIC code of the Creditor Bank (optional)
20 The Identification Code of the Scheme
02 The Identifier of the Creditor
03 The name of the Creditor
01 The Unique Mandate Reference
14 The Name of the Debtor
17 The type of Mandate (paper, e-mandate).
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5. Conclusion
No choice, the migration is regulatory
Banks and customers have to move towards SEPA
No SEPA ..no business…
Migration is hard process but …after migration is not far away…and
SEPA will create opportunities for all users !
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6. Questions?
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SEPA End of Legacy
Karel Andries - Belfius
Decision Febelfin & CEC Boards (18 & 25/10/2013)

(1/2)
The reported migration levels are sufficient to maintain the “end date” of 01/02/2014.
The migration time lines related to this date stays confirmed (last date for sending to banks,
last date of clearing, last date of settlement).

A technical contingency solution should be in place : this technical contingency solution must
allow the Belgian Banking Community to solve potential problems encountered in their bank
releases (31/01/2014 and/or 01/02/2014) within an acceptable timeframe.

The measures consists of :
The closure of the domestic applications: CEC/STET will use the planned Core(BE) Directory Change release.
• AP1 – AP6:
The Credit Transfers will be closed for National transactions on 26/02/2014
• AP2 – AP3:
The Dom80 Collections/Reimbursement will be closed on 26/02/2014
• AP5:
The DOM80 Unpaid will be closed on 01/05/2014
• AP1 - AP6
The Swiftlike application codes will be closed for “sending” on 26/06 and for “receiving”
on 30/06/2014.
Based on this, it is strongly recommended to all banks to keep their domestic payment
applications open in a passive way (only receiving – no sending) after 01/02/2014.
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Decision Febelfin & CEC Boards (18 & 25/10/2013)
(2/2)
Any deviation of or problem with the migration rules as of 01/02/2014 by a participant , will be
subject of the Operationeel Crisis Committee (CEC/STET) in which all CEC participants are
represented.

Despite of the reported migration levels, the banks express their great concern about the
“actual migration status” and the ambitious plans/communication of the creditors and the ERP
providers to reach the deadline in time.
Creditors and ERP Providers have to be aware of the importance of good preparation and
planning for realising the migration in time.
The migration progress will be monitored very closely. A new evaluation is planned beginning
of December 2013, based on the migration status end of November 2013.

A business contingency solution beyond 01/02/2014 is not planned. There is no consensus on
end date and communication.
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SEPA
End of Legacy Credit Transfer
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Commerciële end date: binnenlandse producten
Overzicht:
Binnenlands product
Datum
Communicatie over afschaf binnenlandse producten
Zo snel mogelijk
Eventuele aanpassing algemene voorwaarden, indien expliciet
verwezen naar domestieke producten
Ten laatste vrijdag
29/11/2013
Laatste uitvoeringsdatum binnenlandse overschrijvingen met
memodatum (tenzij dringende verwerking)
30/01/2014
Laatste uitvoeringsdatum binnenlandse periodieke opdrachten
(tenzij dringende verwerking)
30/01/2014
Versturen laatste loten met binnenlandse overschrijvingen naar
STET
31/01/2014 – 16u
Terugstorting (in binnenlands formaat) van binnenlandse
overschrijvingen die uitgewisseld zijn voor 31/01/2014 – 16u
05/02/2014 – 16u
Annulaties binnenlandse overschrijvingen
Bij negatief antwoord MT195
Bij positief antwoord SCT vanaf 01/02/2014
Binnen redelijke termijn
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Commerciële end date: clearing loten STET
• AP1: Niet Dringende Overschrijvingen
Aardcodes
0–1–3–5–6–8–9
Z – T (– R)
X–Y–P–C
E–F
Gerelateerd product
Alternatief?
Overschrijvingen
SCT / CT closed on 26/02/2014
Swiftlikes
T: MT103 via EBA
Z: MT103 & MT202
 Close “sending” 26/06/2014
 Close “receiving” on
30/06/2014
Kaarttransacties
-> Afzonderlijke toepassingen
AC1 en AC4 – geen einddatum
Stortingen
Cash  SCT
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Commerciële end date: clearing loten STET
• AP6: Dringende Overschrijvingen
Aardcodes
Cfr 001
W
I
Gerelateerd product
Alternatief?
Cfr 001
Cfr 001
Intracompany
SCT met category purpose INTC
Interbancaire operatie To be examined by the banks
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SEPA
End of Legacy DOM80
52
Infosession - Febelfin - 07/11/2013
End of Legacy DOM80: Tijdslijn Migratie
• Herinnering : 01.02.2014 is een zaterdag.
Creditors
Datum
Ultieme datum acceptatie nieuwe schuldeisers door de banken
Ultieme datum acceptatie wijzigingen schuldeisersgegevens door de banken
(schuldeiser wijzigt van bank, wijziging gegevens, …)
Ultieme datum laatste afgifte door de schuldeiser aan zijn bank (tijdstip bepaald door
de “end of day” definitie van iedere bank)
Ultieme datum laatste afgifte Bank naar CEC/STET (schema cycle 3 in STET - 11.00u)
31.01.2014
31.01.2014
Datum laatste settlement door CEC/STET
31.01.2014
29.01.2014
30.01.2014
Debtors
Datum
Ultieme datum acceptatie afgifte nieuwe mandaten (ongeacht het kanaal : papier, web 31.01.2014
banking, DOM70(1)) (2)
• (1) DOM70 : de acceptatiedatum van de domiciliëringsopdracht door de domiciliebank is de acceptatiedatum van het
DOM70 bestand + 14 dagen.
(2) De deadline is de datum van afgifte, dus afgifte later met antidatering worden niet meer geaccepteerd.
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DOM80 – phase-out planning
Schematisch
D-xxx
D-1
D
D+1
D+61
D+xxx-1
D+13m
Schuldeiser
Inningen
Terugbetalingen
Schuldenaar
STET:
AP2N0
AP3N1
AP5N2
DOM80
16
recouvrement
DOM80
15
remboursement
DOM80 impayés 13
002
0
003
1
005
2
DOM80
DOM80
Reimbursement
DOM80 Unpaid
26/02/2014
26/02/2014
01/05/2014
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Calendar for change of referentiel
Beref
Month
Berop
Deadline for
Files export from CORE operational
receipt of the
theCORE
date for the
application for
directory
change of version
directory changes
Month
Deadline for
Files export from CORE operational
receipt of the
theCORE
date for the
application for
directory
change of version
directory changes
February
We
08/01/2014
We
05/02/2014
We
12/02/2014
February
We
22/01/2014
We
19/02/2014
We
26/02/2014
March
We
12/02/2014
We
05/03/2014
We
12/03/2014
March
We
26/02/2014
We
19/03/2014
We
26/03/2014
Swiftlike :
Close sending : 26/06/2014
Close receiving : 30/06/2014
Calendar for changes not yet published:
Proposal => release in July or August 2014
55
Infosession - Febelfin - 07/11/2013
Questions?
56
Infosession - Febelfin - 07/11/2013
Standards
Implementation of XML e-standards
Geert Van Antwerpen - KBC Bank
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Agenda
1. Standards general
2. (S)CT
3. SDD
4. Reporting
5. End dates
6. What’s next?
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59
Standards
1. Standards - general
•
•
•
•
•
•
ISO 20022 > EPC guidelines > Febelfin guidelines
Self sufficient BE guidance (EN-FR-NL) compliant
with EPC customer-bank guidelines
“Additional Optional Service” (AOS) for OGM
Baseline: Banks can offer more + support of at least
last 2 versions
No EPC/Febelfin XSD > hyperlink to general ISO
20022 XSD in chapter 1.4 of each standard
http://www.febelfin.be/nl/betaalverkeer/richtlijnen-enprotocollen-bankstandaarden (NL/FR/EN)
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2. Credit transfers - (S)CT
ISO 20022 > pain.001.001.03
• Febelfin v2 = EPC v5-v6 compliant
• Febelfin v3 (> 31/1/2014) = EPC v7 compliant
Debtor agent option added : Other > Identification :
NOTPROVIDED
 Extra integrated: Cross-border non-SEPA
 Separate: Circulaire cheques via XML
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3. SEPA Direct debit (SDD)
SDD for collection - ISO 20022 pain.008.001.02
SDD for reversal (and request to cancel) - ISO 20022 pain
007.001.02
• Febelfin v2 = EPC core v5-v6 / B2B v3-v4
• Febelfin v3 (> 31/1/2014) = EPC core v7 / B2B v5
CreditorAgent & DebtorAgent: option added: Other >
Identification: NOTPROVIDED
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4. Reporting
Statements
• Coda 2.3 > Structured Message 127 for SDD + SDD R
codes table
• XML statements: ISO 20022 camt.053.001.02 (V1)
Payment Status Report
• Feedback to customer before booking
• XML: ISO 20022 pain.002.001.03
• Optional
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5. End dates > deadlines for acceptance
Service/product
deadline for
acceptance
Standards after
deadline
Credit Transfer in SEPA
in euro
CIRI01+51 until XML SCT
30/1/2014
Non-SEPA Credit
Transfer
no end date
CIRI51 + XML CT
Direct Debit
DOM80 until
29/1/2014
XML SDD
Statements of Account
no end date
CODA + XML
statements
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6. What’s next?
65
Questions?
Infosession - Febelfin - 07/11/2013
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