Stakeholders represented through umbrella in national migration Programme meshes with umbrella’s migration activities
Providers Users Software
suppliers
Supporting parties National Forum on
SEPA Migration (NFS)
Umbrellas
Individual parties
High-level consultations
Task Force SEPA Netherlands (TFSN)
Programme Agency
Dependency diagram
The diagram below provides a summary overview of the various dependencies in the SEPA migration process.
ANNEX ANNEX 1
Product and channel specification
Regulation
Communications
Client support
Software made SEPA-proof
Product and channel range
Processing capacity
Interbank processing Client support User migration
Migrating user 1
Migrating user 2
Migrating user N
Preparations user 1
Preparations user 2
Preparations user N
Key:
Providers
Software suppliers Users
Timelines for completion of basic product range and other infrastructure
ANNEX 2
Users
Early movers (wholesale and small-business SCT users, wholesale and Small-business SDD billers, consumers)
Mass migration of Wholesale SCT users
Mass migration of small-business SCT users
Mass migration of Wholesale SDD users
Mass migration of small-business SDD users
Consumers
Typical product range
Internet-based SEPA credit transfer (private & B2B) SEPA direct debit
Batch delivery of B2B payment and direct debit instructions
Reporting for B2B market
Internet-based SEPA credit transfer (B2B) Batch delivery of B2B payment instructions Reporting for B2B market
Internet-based SEPA credit transfer (B2B) SEPA standing order
Batch delivery of B2B payment instructions Reporting for B2B market
Internet-based SEPA credit transfer (B2B) SEPA direct debit
Batch delivery of B2B payment and direct debit instructions
Reporting for B2B market
Internet-based SEPA credit transfer (B2B) SEPA standing order
SEPA direct debit
Batch delivery of B2B payment and direct debit instructions
Reporting for B2B market
Internet-based SEPA credit transfer (private) SEPA standing order
Paper-based SEPA credit transfer
Basic product range and supporting infrastructure ready by:
Prior to the mass migration of the various user groups
1 October 2012
1 March 2013
1 January 2013
1 July 2013
1 July 2013
SEPA direct debit timelines
ANNEX 3
Standard SEPA direct debit Invoicee has the right of refund Invoicee provides mandate to biller
Debit bank receives orders no later than two business days before the processing date (five days in the case of one-off or recurring mandates)
Debit bank is not obliged to check the mandate No new mandates are required
B2B SEPA direct debit Invoicee has no right of refund
Invoicee provides mandate to both biller and its bank Debit bank receives orders no later than one business day before processing.
Debit bank is obliged to check the mandate Debit bank is obliged to verify the account type Mandates must be renewed
a. Last date on which the debtor must be advised by the biller of the coming transaction, unless agreed otherwise between debtor and biller + earliest possible date on which the credit bank can offer the transaction to the debit bank.
b. Last possible date on which the credit bank can offer the transaction to the debit bank in the case of a one-time transaction or the first of a series of recurrent transactions.
c. Last possible date on which the credit bank can offer the transaction to the debit bank in the case of a second and subsequent transaction in a series of recurrent transactions.
d. Last day on which the debtor can revoke the direct debit order.
e. Day on which the SEPA direct debit is processed at the debit bank.
f. Last possible date for the debit bank to reverse the transaction on its own initiative.
g. Last possible date for the debtor to order the transaction to be reversed.
h. Last date on which a request to rectify an incorrect transaction (no valid mandate) can be submitted by the debit bank to the biller’s bank.
i. A mandate that has not been used for 36 months becomes invalid and may no longer be used by the biller.
a. Last date on which the debtor must be advised by the biller of the coming transaction, unless agreed otherwise between debtor and biller + earliest possible date on which the credit bank can offer the transaction to the debit bank.
d. Last possible date on which the credit bank must offer the transaction to the debit bank.
Last day on which the debtor can revoke the direct debit order.
e. Day on which the SEPA direct debit is processed at the debit bank.
f. Last possible date for the debit bank to reverse the transaction.
h. Last date on which a request to rectify an incorrect transaction (no valid mandate) can be submitted by the debit bank to the biller’s bank.
Timelines for ordinary SEPA direct debit (D is the day on which the payment transaction is executed)
Timelines for B2B SEPA direct debit (D is the day on which the payment transaction is executed)
List of abbreviations
BBAN Basic Bank Account Number (basic bank account number that can only be used for domestic transactions)
BIC Bank Identifier Code (code that identifies a payment service provider, such as a bank;
the elements of this code are determined by ISO) CG-Raad Council for Chronically Ill and Handicapped People
DNB De Nederlandsche Bank
IBAN International Bank Account Number
(the elements of this number are determined by ISO) ISO International Organisation for Standardization ISO 20022 XML
standard standard for the file formats for the exchange of payments as determined by ISO MOB National Forum on the Payment System
MT940 reporting file format (accountability) NBA Dutch Professional Association of Auditors NFS National Forum on SEPA migration NVB Dutch Bankers’ Association
SDD SEPA Direct Debit
SCT SEPA Credit Transfer SEPA Single Euro Payments Area
(the area within which the market for euro payments is being integrated) SPPS SEPA Platform for the Public Sector
TFSN Task Force SEPA Netherlands (the technical consultative body of the NFS) VNG Association of Netherlands Municipalities
WTB Working Group on Availability and Accessibility
ZBO Autonomous Administrative Authority (Zelfstandig bestuursorgaan)
ANNEX 4
List of organisations participating in the NFS ANBO seniors’ interests organisation
Betaalvereniging Nederland (Payment system stakeholders’ platform) Seniors’ umbrella Centrale Samenwerkende Ouderenorganisaties
Council for Chronically Ill and Disabled People (Chronisch Zieken en Gehandicapten Raad) Consumentenbond consumers association
Currence
De Nederlandsche Bank
Retailers’ umbrella Detailhandel Nederland Equens
Payment System Users’ platform (Gebruikersplatform Betalingsverkeer) ICT~Office
Hospitality umbrella (Koninklijke Horeca Nederland) Ministry of Economc Affairs, Agriculture and Innovation Ministry of Finance
MKB-Nederland (SME umbrella)
Dutch auditors’ professional organisation (Nederlandse Beroepsorganisatie van Accountants) Nederlandse Thuiswinkel Organisatie
Dutch Bankers’ Association (Nederlandse Vereniging van Banken) Dutch pensions federation (Pensioenfederatie – Dutch pension umbrella) Dutch Insurers’ Association (Verbond van Verzekeraars)
Association of Dutch Municipalities
Netherlands Petroleum Industry Association Viziris
VNO-NCW (Dutch employers’ umbrella)
The NFS is supported by the SEPA Programme Agency. The Programme Agency can be reached via email at [email protected] or by telephone at +31(0)20 - 524 25 52.
ANNEX 5
The Dutch National Forum on SEPA migration (NFS) is guiding the switch to IBAN. Banks, businesses, consumers, government agencies, software suppliers and other organisations are represented within the NFS.
The NFS has its offices at de Nederlandsche Bank (Dutch Central Bank). For more information about the forthcoming changes for businesses and consumers, please visit www.overopIBAN.nl. Take it into account.
The NFS is supported by the SEPA Programme Agency. The Programme Agency can be reached via email at [email protected] or by telephone at +31(0)20 - 524 25 52.
De Nederlandsche Bank Westeinde 1
Postbus 98
1000 AB Amsterdam