SEPA payment definition

SEPA payment means a payment transaction carried out within the SEP statutory area;
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SEPA payment means cashless money transfer in euro cur- rency within the SEPA area – with the indication of obligatory requisites as per Article 7 hereof and in accordance with the applicable legal regulations which meet the principles set by the Bank for SEPA payment.
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SEPA payment means Single European Payments Area and aims to make sure that European consumers, businesses and public authorities can make and receive payments in euro under the same basic conditions, rights and obligations and were introduced prior to the start of the relevant period;
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Examples of SEPA payment in a sentence

  • The Bank fulfills the transfers that meet all of the listed requirements as SEPA payment order automatically.

  • A SEPA payment for one of the above countries which does not have this information will not be sent.

  • In case the beneficiary bank has not adhered to SEPA and not registered by the European Payments Council at the time of the SEPA payment initiation, the Bank will not reject the payment but perform it based on the terms and conditions of non-SEPA foreign currency payment.

  • Payment submitted via SEPA payment type is generally considered as non urgent and low value payment, however the amount limit is not set.

  • This SI makes amendments to the SEPA Regulation as retained to ensure that it can continue to operate effectively once the UK has left the EU, and to maximise the prospects of the UK remaining within the geographical scope of the SEPA payment schemes.

  • SEPA payment transactionsSEPA payment transactions are transactions within SR in EUR currency and within SEPA countries in EUR currency.

  • SEPA payment transfer needs to be indicated by the ordering party in the payment order in the below cases:o SEPA CT (Credit Transfer) transactions can exclusively be initiated in CitiDirect from the Foreign Currency Transfer module as follows by selecting “SEPA” codeword in “Payment Method” field.

  • With a SEPA payment, the payer (with a SEPA credit transfer) or the payee (with a SEPA Direct Debit) can include up to 140 characters of information about the payment at the time of initiating it.

  • Maximum transaction and daily limits apply to the amount you can pay from your Account in any Banking Day using our international (non SEPA) payment service.

  • As set out below, this SI makes amendments to ensure the UK’s regulation remains closely aligned to the EU regime, in order to maximise the prospects of the UK remaining with the in the scope of the Single Euro Payments Area (SEPA) payment schemes.


More Definitions of SEPA payment

SEPA payment means a cashless payment of funds in EUR within the SEPA Countries, initiated by the payer, with both the payer’s bank and beneficiary’s bank are the SCT SEPA Scheme participants.
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Related to SEPA payment

  • Delta Payment means as it is described in this Agreement.

  • PAGA Payment means the penalties pursuant to PAGA that the Parties have agreed is a

  • Upfront Payment has the meaning set forth in Section 4.1.

  • Installment Payment has the meaning ascribed to it in Section 2.02(a).

  • Event Payments has the meaning set forth in Section 6.1(d).

  • Earn-Out Payment has the meaning set forth in Section 2.5(a).

  • Separation Payment means any lump sum cash payment in excess of Earned Salary and Accrued Obligations payable to Employee under this Agreement.

  • Earnout Payment has the meaning set forth in Section 2.3(b).

  • Agreement Payment means a Payment paid or payable pursuant to this Agreement.

  • Annual Payment The total amount payable to the Settlement Fund Administrator by the Settling Distributors on the Payment Date each year, as calculated by the Settlement Fund Administrator pursuant to Section IV.B.1.e. For the avoidance of doubt, this term does not include the Additional Restitution Amount or amounts paid pursuant to Section X.

  • Co-payment means a relatively small amount of money paid by the insured person towards the cost of each day in a private hospital per episode of care, with Latrobe paying the rest of the cost.

  • Severance Payment means any amount paid by a board to or in behalf of a superintendent on early termination of the superinten- dent’s contract that exceeds the amount earned by the superinten- dent under the contract as of the date of termination, including any amount that exceeds the amount of earned standard salary and benefits that is paid as a condition of early termination of the con- tract. Payments to a former superintendent who remains employed by a district in another capacity or contracts with a district to pro- vide the district services may be severance payments in whole or in part if the payments are compensation for the early termination of a prior employment agreement. Severance payments include any payment for actual or threatened litigation involving or related to the employment contract. Education Code 11.201(c); 19 TAC 105.1021(a)(1)

  • Basic Rent Payment Date means the Delivery Date, and the numerically corresponding day in each calendar month thereafter during the Term, and if such day is not a Business Day, then the immediately preceding calendar day which is a Business Day.

  • Reimbursement Payment shall have the meaning given to that term in Subparagraph 2.02(c).

  • Settlement Payment means the transfer, or contractual undertaking (including by automated clearing house transaction) to effect a transfer, of cash or other property to effect a Settlement.

  • Change in Control Payment shall have the meaning stated in Section 6.4 hereof.

  • PRE-PAYMENT The Tenant shall: (check one) ☐ - Pre-Pay Rent in the amount of $ for the term starting on and ending on . The Pre-Payment of Rent shall be due upon the execution of this Agreement. ☐ - Not be required to Pre-Pay Rent.

  • Next Payment means, in respect of each Next Payment Date, the greater of (i) the amount of any payments due to be made by Party A under Section 2(a) on such Next Payment Date less any payments due to be made by Party B under Section 2(a) on such Next Payment Date (in each case, after giving effect to any applicable netting under Section 2(c)) and (ii) zero.

  • Rental Payments means the rental payments paid by the occupant of a unit, excluding any supplemental rental assistance to the occupant from the State, the federal government, or any other public agency, but including any mandatory fees or charges imposed on the occupant by the Owner as a condition of occupancy of the unit.

  • Adjustment Payment shall have the meaning specified in Section 3.09(a).

  • Additional Payment is as defined in Section 6 of the Agreement.

  • Minimum Payment means the amount of minimum payment as stated in the Fee Schedule;

  • Down payment means all partial payments, whether made in cash or otherwise, received by or for the benefit of the seller before or substantially contemporaneous with either the execution of the installment sale contract or the delivery of the motor vehicle sold under that contract, whichever occurs later.

  • Installment Payments shall have the meaning set forth in Section 5(b)(ii).

  • Termination Payment means the payment amount equal to the sum of (a) and (b), where (a) is the Settlement Amount and (b) is the sum of all amounts owed by the Defaulting Party to the Non-Defaulting Party under this Agreement, less any amounts owed by the Non-Defaulting Party to the Defaulting Party determined as of the Early Termination Date.

  • Contingent Payment means any payment that has been (or is required to be) ------------------ made under any of the following circumstances: