The SEPA end date for non-euro area countries is 31 October 2016 

     
    The SEPA end date regulation sets a timeline for the termination of national solutions for euro-denominated payments and direct debits, and now it is time for non-euro area countries to act. Please make sure/note that:
    • your company uses only the IBAN of the beneficiary account
    • the BIC is no longer required for SEPA cross-border payments
    • payment files with SEPA credit transfers from EU countries and Norway, Iceland and Lichtenstein must be submitted in the ISO 20022 XML format
     
    Find out below what the changes mean for you and what to do. 
     

    Key changes

    The following changes have been made regarding SEPA credit transfers:
    • Can be made only by using the IBAN of the beneficiary account
    • After 31 October 2016, the BIC is no longer required for SEPA cross-border payments, but you may include it in the payment initiation order. The final deadline for the euro area countries was 1 February 2016
    • From 31 October 2016, payment files with SEPA credit transfers from EU countries and Norway, Iceland and Lichtenstein must be submitted in the ISO 20022 XML format
     

    How to respond to the changes: SEPA end date checklist

    •  Make sure that your business system supports the ISO 20022 XML format
    • Make sure that you have bank account numbers for vendors in the EU/EEA area in the IBAN format
    • Update your bank account information for outgoing invoices in euros
    • Check that all of your company’s invoices in euros and other documentation (agreements etc.) state the information required by your bank – the company’s own IBAN
    • Consider what changes are needed in your reconciliation process
    • Consider whether you should use SEPA compliance as a platform for switching to the ISO 20022 XML format for all payment types
    • Verify that all invoices sent to you from your business partners state the IBAN 

    Do you need help or more information?

    If you have any questions, please do not hesitate to contact your local cash manager at Danske Bank.
     

    What does the SEPA end date mean for customers operating in the non-euro area countries?

     
    Poland
    The SEPA end date applies in Poland from 31 October 2016.
    • You will not be allowed to use any other format than the ISO 20022 XML format when you send SEPA payments via files.
    • Payments and salaries in Polish zloty and cross-border payments in all other currencies will not be affected. Danske Bank will support these payment types in the ISO 20022 XML format, so that you can use a single file format for all payment types.
    • If your ERP system is unable to create ISO 20022 XML files, you can convert the file into the ISO 20022 XML format by using Danske Bank’s conversion service or a similar service from another provider. You can also can register the SEPA payments online by using Danske Bank’s online banking application.
     

    Other countries (PDF)

     

    Our file conversion service

    To make the transition to the XML format as easy as possible and ensure that you comply with the rules, Danske Bank will, for the time being, offer a file conversion service. This service will not be available indefinitely, but is a service that we provide to minimise the impact on our customers’ businesses in the short term.

     
    We will automatically convert non-XML files from 31 October 2016 if they contain payments applicable for conversion. We reserve the right to charge a fee for this conversion service.
     
    The file conversion service will 
    • convert files in non-XML formats into the ISO 20022 XML format before initiation of the payment process
    and
    •  ensure that you receive feedback files in your current format
    The file types supported are EDIFACT PAYMUL, SWIFT MT101, Polish PLA, Norwegian Telepay, Swedish Utlands-LB, and Danske Bank comma separated format.
    Danske Bank A/S S.A. Branch in Poland, ul. Emilii Plater 28, 00-688 Warszawa. Phone: +48 22 33 77 100, fax: +48 22 33 77 101. SWIFT: DABAPLPW

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