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

SEPA Direct Debit

Further information