Common use of SEPA DIRECT DEBITS Clause in Contracts

SEPA DIRECT DEBITS. This article applies to the Client in its capacity as drawee of SEPA direct debits. The SEPA direct debit makes it possible to process payment transactions in euros, whether domestic or cross-border, within the SEPA area. It is executed by the Bank if it is received in compliance with the rules set out in the SDD Core Rulebook. It is based on a dual mandate giv en by the Client to its creditor and to the Bank, authorising its account to be debited. This mandate is written and is retained by the creditor. The SEPA direct debit may be used for one-off or recurring payments. The Client is identified by the IBAN and BIC. The Client has the possibility: - of ref using a SEPA direct debit by notifying the Bank in writing at the latest at the end of the business day preceding the interbank settlement date. - of ref using all SEPA direct debits initiated by a given creditor. It is recommended for the Client to inform its creditor when making such requests. The Bank draws the Client’s attention to the fact that: - ref usals may take place, i.e. ref usals to execute prior to interbank settlement, mainly for technical reasons, - returns may take place, i.e. refusals to execute after interbank settlement, mainly in the case of insufficient funds. The Client may contest with the Bank a SEPA direct debit taken from its account: - f or any reason, within a period of 8 weeks starting from the debit from its account. In the ev ent the debit is contested on the grounds that it was “unauthorised”, an inv estigation shall be undertaken by the Bank and the bank of the creditor in question. The Client acknowledges having been informed by the Bank that its account may be debited f or the amount of any reimbursement made by the Bank if, at the close of said inv estigation, its request is shown to be unfounded. In case of merger or acquisition of the Bank, the SEPA direct debits domiciled on the Client’s account will continue to be received and executed under the same conditions.

SEPA DIRECT DEBITS. This article applies to the Client in its capacity as drawee of SEPA direct debits. The SEPA direct debit makes it possible to process payment transactions in euros, whether domestic or cross-border, within the SEPA area. It is executed by the Bank if it is received in compliance with the rules set out in the SDD Core Rulebook. It is based on a dual mandate giv en given by the Client to its creditor and to the Bank, authorising its account to be debited. This mandate is written and is retained by the creditor. The SEPA direct debit may be used for one-off or recurring payments. The Client is identified by the IBAN and BIC. The Client has the possibility: - of ref using refusing a SEPA direct debit by notifying the Bank in writing at the latest at the end of the business day preceding the interbank settlement date. - of ref using refusing all SEPA direct debits initiated by a given creditor. It is recommended for the Client to inform its creditor when making such requests. The Bank draws the Client’s 's attention to the fact that: - ref usals refusals may take place, i.e. ref usals refusals to execute prior to interbank settlement, mainly for technical reasons, - returns may take place, i.e. refusals to execute after interbank settlement, mainly in the case of insufficient funds. The Client may contest with the Bank a SEPA direct debit taken debited from its account: - f or account for any reason, reason within a period of 8 weeks starting running from the debit from on its account. In the ev ent the debit is contested event of contestation on the grounds that it was of being “unauthorised”, an inv estigation shall be undertaken by investigation procedure is implemented between the Bank and the bank of the creditor in question. The Client acknowledges having been informed by the Bank that its account may be debited f or for the amount of any reimbursement made by the Bank if, at the close of said inv estigationinvestigation, its request is shown to be unfounded. In case of merger or acquisition of the Bank, the SEPA direct debits domiciled on the Client’s account will continue to be received and executed under the same conditions.

SEPA DIRECT DEBITS. This article applies to the Client you in its your capacity as drawee payer of a SEPA direct debitsdebit. The A SEPA direct debit makes it possible to process allows the processing of payment transactions in euros, whether domestic national or cross-cross border, within in the SEPA area. It is executed by the Bank if it is received in compliance accordance with the rules set out in the SDD Core Rulebook. It is based relies on a dual mandate giv en by from you to the Client to its creditor payee (creditor) and to the Bank, Bank authorising its account to be debitedthe direct debit of your account. This It is a written mandate is written and is retained by the creditor. The SEPA direct debit may debits can be used for one-off or recurring payments. The Client is You are identified by using the IBAN and BICthe BIC numbers. The Client has the possibilityYour may: - of ref using reject a SEPA direct debit by notifying the Bank in writing at the latest at the by end of the business day preceding prior to the interbank inter-bank settlement date. - of ref using reject all SEPA direct debits initiated by a given particular creditor. It is recommended for the Client You are urged to inform its notify your creditor when making you initiate such requests. The Bank draws the Client’s your attention to the fact thatfollowing: - ref usals payment rejections may take placeoccur, i.e. ref usals that is, a refusal to execute prior to before the interbank settlement, mainly primarily for technical reasons, . - returns may take placeoccur, i.e. refusals that is, refusal to execute after following interbank settlement, mainly in the case of primarily due to insufficient funds. The Client may contest with You are allowed to send a request to the Bank to refund a SEPA direct debit taken from its debited on your account: - f or for any reason, reason within a period of 8 weeks starting from after your account is debited, - in the event of a dispute, on the reason that the debit from its account. In the ev ent the debit is contested on the grounds that it was “unauthorised”, an inv estigation shall be undertaken by investigative process is conducted between the Bank and the bank of the creditor in questioncreditor's bank. The Client acknowledges having You acknowledge that you have been informed by the Bank that its your account may be debited f or for the amount of any reimbursement all refunds made by the Bank if, at the close conclusion of said inv estigationsuch investigation, its your claim proves to be unfounded. This request is shown sets off an investigative process conducted between your Bank and the creditor's bank. You acknowledge that you have been informed by the Bank that your account may be debited for the amount of all refunds made by the Bank if, at the conclusion of such investigation, your claim proves to be unfounded. In case the event of merger or acquisition of the Bank, the SEPA direct debits domiciled on the Client’s made directly from your account will continue to be received and executed under the same conditions.. ARTICLE 31 - SEPA BUSINESS-TO-BUSINESS DIRECT DEBITS Cette demande doit être initiée dans les 13 mois suivant la dat du débit au compte du Client dudit virement. La banque du bénéficiaire doit apporter une réponse à l Banque sous un délai de 10 jours ouvrables à compter de l date de réception de la demande. ARTICLE 30 -

SEPA DIRECT DEBITS. This article applies to the Client in its capacity as drawee of SEPA direct debits. The SEPA direct debit makes it possible to process payment transactions in euros, whether domestic or cross-border, within the SEPA area. It is executed by the Bank if it is received in compliance with the rules set out in the SDD Core Rulebook. It is based on a dual mandate giv en given by the Client to its creditor and to the Bank, authorising its account to be debited. This mandate is written and is retained by the creditor. The SEPA direct debit may be used for one-off or recurring payments. The Client is identified by the IBAN and BIC. The Client has the possibility: - of ref using refusing a SEPA direct debit by notifying the Bank in writing at the latest at the end of the business day preceding the interbank settlement date. - of ref using refusing all SEPA direct debits initiated by a given creditor. It is recommended for the Client to inform its creditor when making such requests. The Bank draws the Client’s 's attention to the fact that: - ref usals refusals may take place, i.e. ref usals refusals to execute prior to interbank settlement, mainly for technical reasons, - returns may take place, i.e. refusals to execute after interbank settlement, mainly in the case of insufficient funds. The Client may contest with the Bank a SEPA direct debit taken from its account: - f or for any reason, within a period of 8 weeks starting from the debit from its account. In the ev ent event the debit is contested on the grounds that it was “unauthorised”, an inv estigation investigation shall be undertaken by the Bank and the bank of the creditor in question. The Client acknowledges having been informed by the Bank that its account may be debited f or for the amount of any reimbursement made by the Bank if, at the close of said inv estigationinvestigation, its request is shown to be unfounded. In case of merger or acquisition of the Bank, the SEPA direct debits domiciled on the Client’s account will continue to be received and executed under the same conditions.

SEPA DIRECT DEBITS. This article applies to the Client in its capacity as drawee of SEPA direct debits. The SEPA direct debit makes it possible to process payment transactions in euros, whether domestic or cross-border, within the SEPA area. It is executed by the Bank if it is received in compliance with the rules set out in the SDD Core Rulebook. It is based on a dual mandate giv en given by the Client to its creditor and to the Bank, authorising its account to be debited. This mandate is written and is retained by the creditor. The SEPA direct debit may be used for one-off or recurring payments. The Client is identified by the IBAN and BIC. The Client has the possibility: - of ref using refusing a SEPA direct debit by notifying the Bank in writing at the latest at the end of the business day preceding the interbank settlement date. - of ref using refusing all SEPA direct debits initiated by a given creditor. It is recommended for the Client to inform its creditor when making such requests. The Bank draws the Client’s attention to the fact that: - ref usals refusals may take place, i.e. ref usals refusals to execute prior to interbank settlement, mainly for technical reasons, - returns may take place, i.e. refusals to execute after interbank settlement, mainly in the case of insufficient funds. The Client may contest with the Bank a SEPA direct debit taken from its account: - f or for any reason, within a period of 8 weeks starting from the debit from its account. In the ev ent event the debit is contested on the grounds that it was “unauthorised”, an inv estigation investigation shall be undertaken by the Bank and the bank of the creditor in question. The Client acknowledges having been informed by the Bank that its account may be debited f or for the amount of any reimbursement made by the Bank if, at the close of said inv estigationinvestigation, its request is shown to be unfounded. In case of merger or acquisition of the Bank, the SEPA direct debits domiciled on the Client’s account will continue to be received and executed under the same conditions.