Annexes to COM(2010)775 - Technical requirements for credit transfers and direct debits in euros - Main contents

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dossier	COM(2010)775 - Technical requirements for credit transfers and direct debits in euros.
document	COM(2010)775
date	March 14, 2012

ANNEX

TECHNICAL REQUIREMENTS (ARTICLE 5)

(1)

In addition to the essential requirements set out in Article 5, the following technical requirements shall apply to credit transfers and direct debit transactions:

(a)	The payment account identifier referred to in Article 5(1)(a) and (c) must be IBAN.

(b)	The standard for message format referred to in Article 5(1)(b) and (d) must be the ISO 20022 XML standard.

(c)	The remittance data field must allow for 140 characters. Payment schemes may allow for a higher number of characters, except if the device used to remit information has technical limitations relating to the number of characters, in which case the technical limit of the device applies.

(d)	Remittance reference information and all the other data elements provided in accordance with points (2) and (3) of this Annex must be passed in full and without alteration between PSPs in the payment chain.

(e)

Once the required data is available in electronic form payment transactions must allow for a fully automated, electronic processing in all process stages throughout the payment chain (end-to-end straight through processing), enabling the entire payment process to be conducted electronically without the need for re-keying or manual intervention. This must also apply to exceptional handling of credit transfers and direct debit transactions, whenever possible.

(f)	Payment schemes must set no minimum threshold for the amount of the payment transaction allowing for credit transfers and direct debits but are not required to process payment transactions with zero amount.

(g)	Payment schemes are not obliged to carry out credit transfers and direct debits exceeding the amount of EUR 999 999 999,99.

(2)

In addition to the requirements referred to in point (1), the following requirements shall apply to credit transfer transactions:

(a)

The data elements referred to in Article 5(2)(a) are the following:

(i)	the payer’s name and/or the IBAN of the payer’s payment account,

(ii)	the amount of the credit transfer,

(iii)

the IBAN of the payee’s payment account,

(iv)	where available, the payee’s name,

(v)	any remittance information.

(b)

The data elements referred to in Article 5(2)(b) are the following:

(i)	the payer’s name,

(ii)	the IBAN of the payer’s payment account,

(iii)

the amount of the credit transfer,

(iv)	the IBAN of the payee’s payment account,

(v)	any remittance information,

(vi)	any payee identification code,

(vii)

the name of any payee reference party,

(viii)

any purpose of the credit transfer,

(ix)	any category of the purpose of the credit transfer.

(c)

In addition, the following mandatory data elements are to be provided by the payer’s PSP to the payee’s PSP:

(i)	the BIC of the payer’s PSP (if not agreed otherwise by the PSPs involved in the payment transaction),

(ii)	the BIC of the payee’s PSP (if not agreed otherwise by the PSPs involved in the payment transaction),

(iii)

the identification code of the payment scheme,

(iv)	the settlement date of the credit transfer,

(v)	the reference number of the credit transfer message of the payer’s PSP,

(d)

The data elements referred to in Article 5(2)(c) are the following:

(i)	the payer’s name,

(ii)	the amount of the credit transfer,

(iii)

any remittance information.

(3)

In addition to the requirements referred to in point (1), the following requirements shall apply to direct debit transactions:

(a)

The data elements referred to in Article 5(3)(a)(i) are the following:

(i)	the type of direct debit (recurrent, one-off, first, last or reversal),

(ii)	the payee’s name,

(iii)

the IBAN of the payee’s payment account to be credited for the collection,

(iv)	where available, the payer’s name,

(v)	the IBAN of the payer’s payment account to be debited for the collection,

(vi)	the unique mandate reference,

(vii)

where the payer’s mandate is given after 31 March 2012, the date on which it was signed,

(viii)

the amount of the collection,

(ix)	where the mandate has been taken over by a payee other than the payee who issued the mandate, the unique mandate reference as given by the original payee who issued the mandate,

(x)	the payee’s identifier,

(xi)	where the mandate has been taken over by a payee other than the payee who issued the mandate, the identifier of the original payee who issued the mandate,

(xii)

any remittance information from the payee to the payer,

(xiii)

any purpose of the collection,

(xiv)

any category of the purpose of the collection.

(b)

The data elements referred to in Article 5(3)(b) are the following:

(i)	the BIC of the payee’s PSP (if not agreed otherwise by the PSPs involved in the payment transaction),

(ii)	the BIC of the payer’s PSP (if not agreed otherwise by the PSPs involved in the payment transaction),

(iii)

the payer reference party’s name (if present in dematerialised mandate),

(iv)	the payer reference party’s identification code (if present in dematerialised mandate),

(v)	the payee reference party’s name (if present in the dematerialised mandate),

(vi)	the payee reference party’s identification code (if present in dematerialised mandate),

(vii)

the identification code of the payment scheme,

(viii)

the settlement date of the collection,

(ix)	the payee’s PSP’s reference for the collection,

(x)	the type of mandate,

(xi)	the type of direct debit (recurrent, one-off, first, last or reversal),

(xii)

the payee’s name,

(xiii)

the IBAN of the payee’s payment account to be credited for the collection,

(xiv)

where available, the payer’s name,

(xv)	the IBAN of the payer’s payment account to be debited for the collection,

(xvi)

the unique mandate reference,

(xvii)

the date of signing of the mandate if the mandate is given by the payer after 31 March 2012,

(xviii)

the amount of the collection,

(xix)

the unique mandate reference as given by the original payee who issued the mandate (if the mandate has been taken over by another payee than the payee who issued the mandate),

(xx)	the payee’s identifier,

(xxi)

the identifier of the original payee who issued the mandate (if the mandate has been taken over by a payee other than the payee who issued the mandate),

(xxii)

any remittance information from the payee to the payer.

(c)

The data elements referred to in Article 5(3)(c) are the following:

(i)	the unique mandate reference,

(ii)	the payee’s identifier,

(iii)

the payee’s name,

(iv)	the amount of the collection,

(v)	any remittance information,

(vi)	the identification code of the payment scheme.