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Submitted by Jill on Fri, 05/12/2017 - 13:40
‘SEPA Direct Debit’
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The European ‘SEPA Direct Debit’ (SDD) domiciliation system came into force in Luxembourg on November 1st 2010. Layout Block - Green Title H2
The SEPA Direct Debit allows for cross-border direct debit payments in Euros
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- On the same basis
- On client accounts in Luxembourg
- On client accounts in all other countries in the SEPA zone
The introduction of the SDD system is a significant impact on creditor companies:
- a choice between two mandates: ‘core’ or ‘B2B’:
- the ‘Core’ mandate applies for private and business clients. It gives the debtor the right to an unconditional reimbursement for eight weeks.
- The ‘B2B’ mandate is for companies that work with business clients only. It does not include a right to reimbursement.
- Mandates and the related data managed by the creditor company.
- Adaptations required for the payment order files and a return to the .xml file format.
- Compliance with a specific procedure for migration of domiciliations currently in place to the SDD system.
Our Raiffeisen advisors can help with:
- Detailed information on the new SDD system to answer all your questions
- Support though all the necessary procedures for successful integration of the SEPA Direct Debit system
- Advice on the choice between the ‘Core’ and ‘B2B’ models
- Advice on migration of your current mandates
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Submitted by Jill on Fri, 05/12/2017 - 13:45
Contact an advisor in one of our Raiffeisen agencies or fill in the contact form
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Contact form
Services for companies, the independents and freelancers Layout Block - Infos - Agences
Where to find us
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Raiffeisen has branches all over Luxembourg so you will be able to find a branch or ATM wherever you are.
Locate our agenciesLayout Block - Infos - Links
Interesting links
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Benefits of the SEPA Direct Debit system Layout Block - Infos - Question
Any questions?
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Contact a Corporate advisor who will be able to answer your queries and guide you towards the most appropriate solutions.
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