SDD B2B definition

SDD B2B means a direct debit scheme—applicable only and exclusively between enterprises and entities not qualifying as consumers—which enables the payee to collect the given euro amount from the payer’s payment account, provided the payer has authorised the payee in advance and in writing to do so, and provided that the payer’s bank has admitted the mandate and the collection order has been submitted in accordance with the mandate; in accordance with Hungarian laws on payments, a customer qualifying as a microenterprise may not give a mandate for an SDD B2B scheme as a payer.

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SDD B2B means a direct debit scheme—applicable only and exclusively between enterprises and entities not qualifying as consumers—which enables the payee to collect the given euro amount from the payer’s payment account, provided the payer has authorised the payee in advance and in writing to do so, and provided that the payer’s bank has admitted the mandate and the

SDD B2B means the SEPA Direct Debit Business to Business Scheme.

Examples of SDD B2B in a sentence

• In order to complete the settlement of imbalances, the Subject of Settlement shall be obliged to grant OKTE a B2B SEPA Direct Debit Authorization, a specimen of which is set out in the Annex to this Agreement, to its bank account specified in the master data of the Subject of Settlement kept with a bank reachable in the STEP 2 clearing system, for the SDD B2B scheme, in favour of OKTE's bank account.

• In certain situations you may be able to set up payments under the SEPA Business to Business Direct Debit (SDD B2B) Scheme.

• Debtor PSPs participating in the SDD B2B Scheme also offer the “Basic” or “Advanced” SEDA service for mandates referred to the aforementioned Scheme.

• You can only limit SEPA Direct Debits to particular amounts or by frequency if they were set up under the (SDD B2B) scheme.

• Za účelom vysporiadania uzatvorených obchodov s elektrinou na organizovanom krátkodobom cezhraničnom trhu s elektrinou je Účastník KT povinný udeliť OKTE oprávnenie na B2B SEPA inkaso, ktorého vzor je uvedený pri uzatváraní tejto Zmluvy, k jeho bankovému účtu uvedenému v kmeňových údajoch Účastníka KT vedeného v banke dosiahnuteľnej v klíringovom systéme STEP 2, pre schému SDD B2B, v prospech bankového účtu OKTE IBAN: ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ ▇▇▇▇ 2969 na dobu minimálne do ukončenia 3.

• The Account holder can do the following: Credit operations: receipt of transfers, issuance of SEPA direct debits known as "SDD CORE" (hereinafter referred to as "SEPA direct debits") and SEPA B2B direct debits ("SDD B2B") (hereinafter referred to as "direct debitsSEPA B2B"), cash payments by credit card.