Ready for the new SEPA Rulebooks

10 November 2011– At 19 November the new SEPA Rulebooks will go live. The SEPA Credit Transfer (SCT) Rulebook version 5.0, the SEPA Direct Debit (SDD) Core Rulebook version 5.0 and the SDD Business to Business Rulebook version 3.0 include updates in the guidelines for European payment transactions. As a leading provider for e-banking solutions CoCoNet monitors the new rulebooks frequently in order to identify and prepare upcoming changes. Though CoCoNet’s products are by now ready to support the SEPA formats of all relevant rulebook versions in parallel, as well as all products for SEPA Credit Transfers and the SEPA Direct Debits (Core and B2B).

The SEPA Scheme is regularly updated once a year in November within an annual change management cycle. Suggestions for changes can come from any involved party. The EPC SEPA Payment Schemes Working Group (SPS WG) analysis and decides whether to accept a suggestion for a change or not. The necessary changes are published a year ahead of the release. The updates in Rulebook 6, getting live next year in November, will include some change requests with impacts on the base formats for reporting messages of SCT and SDD. CoCoNet in close cooperation with its customers will provide these changes on time, too.