10 November 2015

EPC publishes updated recommendations on SEPA customer reporting

The B2C recommendations allow for the uniform mapping of EPC SEPA scheme rulebook requirements to the ISO 20022 cash management messages. Moreover, they complement the mandatory interbank and recommended customer-to-bank SEPA Implementation Guidelines.

The aim of this European Payments Council (EPC) document is to present a mapping of the rulebook requirements vis-à-vis the ‘Transaction Details’ message elements of the ISO20022 reporting messages.

In terms of reporting to the receiving party, i.e. the beneficiary of a credit transfer and the debt or of a direct debit, the bank-to-customer (B2C) account information as described in relevant dataset in the rulebooks is in fact a minimum.

Moreover, it appears that, for matters of good common understanding, the B2C dataset as reported in the rulebooks is not always sufficient. In order to propose a more extensive view of the B2C possibilities, the present document relies on the interbank information received by the bank of the recipient. At the current stage, this document does still deal only with the information provided by the bank of the recipient to the recipient of the payment. The B2C information for the sender, i.e. the originator of the credit transfer or the creditor of the direct debit is not covered. Nor are the R-transactions taken into account.

This document provides a mapping of DS-02/DS-04 attributes towards possible ISO 20022 elements notwithstanding that legal requirements or banking usage rules may prevent the information to be passed on to the payment recipient.

For the SCT Scheme on one side and the SDD Schemes on the other side, this document proposes:

• A table of the dataset (DS) attributes and the corresponding elements in the relevant camt messages.
• An abstract of the camt messages populated with the DS attributes.

Being a mapping exercise, this document does not provide any usage rules. Most of the DS attributes fit into the “transaction details” section of the “entry/entry details” level in all 3 camt messages. Few of them can or must be used at a higher level. In this document, only the relevant elements are displayed.

Furthermore, depending whether they batch entries on the account, or depending on their agreements with their customers, banks may use ‘higher’ levels elements of the message in order to reflect the DS Attributes.

Banks may also report on more information than the content of the DSs and as a consequence use additional elements to those described in this document.

Full report

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