DS-01 Sample Clauses
The DS-01 clause establishes the requirements and procedures for the disclosure of sensitive or confidential information between parties. Typically, this clause outlines what constitutes confidential information, the obligations of the receiving party to protect such information, and any exceptions where disclosure is permitted, such as by law or with prior consent. Its core practical function is to safeguard proprietary or sensitive data, ensuring that both parties understand their responsibilities and reducing the risk of unauthorized disclosure.
DS-01. The mandate 24
DS-01. The mandate
25 After 1 February 2014 for domestic payments and after 1 February 2016 for cross-border payments, PSPs do not ask the USPs to indicate the BIC of the debtor PSP or of the creditor PSP (art. 5, paragraph 7 of EU Regulation no. 260/2012). 26 The values “Recurrent” and “One-off” are indicated. 27 The situation of accounts requiring joint signatures, for which it may be necessary to ask the EPC and the ISO to supplement the messaging standard, shall be analysed in further detail.
DS-01. The mandate
