Niche Products 3

Alright, so you’ve collated information about all (well, probably most!) of the payments and collection processes in Europe, or  rather within the impacted euro-currency countries and you’re thinking uh oh (being polite)! Its probably true for most corporates, the list is as long as your arm, across many countries / systems, and time is against you. If like me, your looking for some ‘quick wins’ to help reduce your overall number of processes to make SEPA compliant, your next check is to see if any processes are exempt from the SEPA Regulation.

SEPA Niche Products:

In short, the European Commission has given member countries until 1st Feburary 2013 to seek exemption, from some or all, SEPA requirements. Calm down…! This exemption will be applicable where:

  • Market share for the particular payment instrument/product is below a market share threshold (<10% market share according to ECB stats)
  • There is a specific legal or historical reason for the ‘legacy’ product to remain
  • They instrument fulfills a very specific local function or is tailored for specific user groups

Items that meet the above statistical criteria and where member states have remembered to register the exemption request before the indicated deadline will be waived / classed as niche products.

Keep in mind, where a product is classed as niche/waived – that remains true until 1 February, 2016. After 1st February, 2016 these waived/niche products will also need to become SEPA compliant. Lets not worry about that for now, eh?

So, where can we see the list of exempt / SEPA niche products?

Good question! I have not been able to find an official (i.e. ECB – European Central Bank/EPC – European Payments Council) and definitive list anywhere. I understand that an official EU Commission publication / press release will be made in the coming weeks, but until then we have to make do with various sources, including national SEPA websites, in country national bank site, payment publications and our usual website search engines!

Watch this space for the offical publication…..

Which schemes have been waivered / classed as niche?

Please don’t quote me on the Niche / Waived list at the end of this post. We do need the offical communication from the EU, but from what i have gleaned across various sources this is the list so far. This list is incomplete, and maybe incorrect.

Niche indicates that the format / pay instrument will be supported until February 2016

In scope means the format / pay instrument will be migrated to SEPA processing as of 1st February, 2014

Out of scope means the pay instrument will be supported indefinitely.

 

Country Payments / Credit Transfer Direct Debit Format Name Niche / In Scope / Out of Scope
Austria X V3 domestic payments In scope
X   V3 foreign/cross border payments Out of scope
X ATIB Niche
X Edifact V3 Dirdeb – Einzugsermächtigung In scope
X Edifact V3 Dirdeb – Lastschriftverfahren In scope
Belgium X CIRI-FBF In scope
X DOM80 In scope
France X CFONB160 In scope
X Prélèvement – CFONB160 In scope
X Prélèvement accéléré – CFONB160 In scope
X TIP Niche
X Téléréglement Niche
X Lettre de change relevée (LCR) Out of scope
Germany X DTAUS – Domestic payments In scope
X DTAZV – Foreign payments within SEPA In scope
X DTAUS – Einzugsermächtigung, In scope
X DTAUS – Abbuchungsauftrag In scope
X ELV Niche
Ireland X STD18 / EMTS In scope
X STD18 In scope
Italy X   BONI PC – Domestic Payments In scope
X   BONI PE – Foreign Payments In scope
X RID Ordinari In scope
  X RID Veloci In scope
X RID – financial transactions Niche
X RID – fixed amount Niche
X RiBa, MAV, RAV, Bollettino Bancario Out of scope
Portugal X PS2 In scope
X PT-SDD (Sistema de Débitos Directo) In scope
X PS2 In scope
Spain X CSB34 – NORMA 34 In scope
X CSB34.1 – NORMA 34.1 In scope
X CSB34.14 – NORMA 34.14 Niche
X CSB19 – NORMA 19 In scope
X CSB19 – NORMA 19.14 In scope
X CSB19 – NORMA 19.44 In scope
X CSB58 – NORMA 58 Niche
Netherlands X CLIEOP03 In scope
X BTL91 In scope
X CLIEOP03 – (All 4 types) In scope

 

There you have it. As soon as i hear / see the official word on this, i will share it. But for now, i hope this helps.

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3 thoughts on “Niche Products

  1. Pingback: Migrating to SEPA in 5 Easy Steps - SEPA for Corporates

  2. Pingback: SEPA Deadline: 1st February 2016 - The Countdown Begins ← SEPA for Corporates

  3. Pingback: SEPA Timeline - The Past, Present and Future...

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