EU052 - Changes required for Direct Debiting in EU - SEPA

This is the complete solution for EU052 - Changes required for Direct Debiting in EU - SEPA.

This requirement arose because of new EU regulations regarding SEPA Direct Debiting (SDD). SEPA formats (ISO 20022) must be used in EUR-countries up from 2014-02-01. Up from 2016-10-01 all SEPA member states must use SEPA Formats.

SEPA Direct Debiting has additional requirements in standard M3, compared to direct debiting procedures known so far, according to the new EU regulations. New SEPA Direct Debiting Schemes: CORE, COR1 and B2B. This leads to changes in the Agreement handling, Bank Remittance proposal and update and new time rules for different schemes (collection date).

Version	NCR ID	Delivery Unit
15.1.2	5834
15.1.1 MCP1	5362