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Which Data Elements Are Required For A Sepa Direct Debit Mandate? |
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Answer» The mandate document must contain a SERIES of mandatory DATA elements that are deemed necessary to identify the SEPA direct debit transaction: the unique mandate REFERENCE, the payer’s name and address, the IBAN (and the BIC, if necessary), the creditor’s name and unique identifier, the TYPE of payment, the date of signature and the payer’s signature. It must be clearly stated that it is a SEPA direct debit mandate. There are no specific requirements regarding the layout to be USED. The mandate document must contain a series of mandatory data elements that are deemed necessary to identify the SEPA direct debit transaction: the unique mandate reference, the payer’s name and address, the IBAN (and the BIC, if necessary), the creditor’s name and unique identifier, the type of payment, the date of signature and the payer’s signature. It must be clearly stated that it is a SEPA direct debit mandate. There are no specific requirements regarding the layout to be used. |
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