SEPA Core Direct Debit Scheme definition

SEPA Core Direct Debit Scheme means the payments scheme for making direct debits across SEPA as set out in the SEPA Core Direct Scheme Rulebook;
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SEPA Core Direct Debit Scheme means the payment scheme for making direct debits across SEPA, as set out in the SEPA Core Direct Debit Scheme Rulebook; “TARGET Day” means an Inter-Bank Business Day identified as such in the calendar of the Trans-European Automated Real-time Gross Settlement Express Transfer System.2 ApplicationsApplications to open an Account can be made by completion of the necessary documentation.3 Payments into the Account3.1 Cheques
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SEPA Core Direct Debit Scheme means the common set of rules, practices and standards for the provision and operation of a SEPA Core Direct Debit developed by the European Pay- ments Council, details of which are contained in the SEPA Core Direct Debit Rulebook and are available at www.europeanpaymentscouncil.eu;
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Examples of SEPA Core Direct Debit Scheme in a sentence

  • Your rights under the SEPA Core Direct Debit Scheme do not alter the arrangements between you and the person who took the payment and any disputes between you should be resolved directly.

  • Any payments under the SEPA Core Direct Debit Scheme will be subject to the SEPA Core Direct Debit Scheme Rulebook and You agree to comply with those rules.

  • This will mean that We will only execute payments under the SEPA Core Direct Debit Scheme where You have registered the mandate.

  • The creditor will ask You to complete a mandate authorising the creditor to collect payments from Your Account under the SEPA Core Direct Debit Scheme.

  • You have a right to give Us notice that You want to prohibit any payments being made from Your Account under the SEPA Core Direct Debit Scheme.

  • Direct Debits are subject to the SEPA Core Direct Debit Scheme Rules.

  • We can request the return of a payment made under SEPA Core Direct Debit Scheme within 5 TARGET Days of the date that Your Account was debited for any of the reasons set out in paragraph (e) or (f) or for any analogous reason.

  • We are authorised to make direct debit payments arranged by you under the SEPA Core Direct Debit Scheme.

  • The Debtor and Creditor must each hold an account with a bank participating to the SEPA Direct Debit scheme.Both Core and Business-to-Business European Direct Debits are described in this document.The SEPA Core Direct Debit Scheme is intended for payments where Debtors are consumer entities.

  • If you hold a Bank Account denominated in Euros you can instruct us not to make a payment from that Bank Account through the SEPA Core Direct Debit Scheme, either generally or to a specific recipient.


More Definitions of SEPA Core Direct Debit Scheme

SEPA Core Direct Debit Scheme means the
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SEPA Core Direct Debit Scheme means the payment scheme for making direct debits across SEPA asset out in the Rulebook.
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