SEPA…
SEPA will transform the euro currency payments and collections landscape within the euro-zone. The transformation and transition to SEPA will give corporates a number of opportunities, but the journey will be long and winding. The transition to this euro currency payment and collection ‘utopia’ sounds great. But we now have a regulatory deadline for when all of the euro-zone payments and collections must be SEPA compliant – 1st February, 2014. With this deadline less than a year away, SEPA for corporates is now all about ensuring SEPA compliance by whatever means. To say that there is a rush, a frantic rush even, for SEPA compliance is not under-stating it at all!
My background…
I work as an analyst for a multinational company, with operations in most countries. Though views and opinions expressed here are my own! Around SEPA i have read, researched, talked to experts and attended various bank-led SEPA workshops. I am by no means a SEPA expert, but i do intend to share any information in the hope that it may be of use to somebody somewhere. Through my own SEPA implementation experiences, i will share information that i have found useful and ask for your input so that we build a useful SEPA resource. February 2014 is not too far away, the journey towards SEPA compliance starts here…
Hi,
Do you have any statistics about the number of DD payments by corporations which have been reclaimed during the 8 week window allowed by the Core scheme (particularly in Ireland, but in other SEPA countries too)? I would hope that most companies would use the B2B scheme with their corporate customers but they do have the option of using the Core B2C scheme and I believe in Ireland that is the only option.
Many thanks,
Julie
Is 451 0 the acceptance and validation code for a swift transmission that was cleared?