The 2025 SEPA Direct Debit Core Rulebook governs creditor-initiated euro collections under a debtor mandate. It aligns provider responsibilities and ISO 20022 messages for consumers and businesses, with separate rejection, return, refund and reversal processes shaping collection risk.
TL;DR:
- SDD Core governs creditor-initiated euro collections under a debtor mandate.
- Consumers and businesses use the scheme with distinct collection and exception processes.
- The 2025 v1.1 edition was superseded by v1.2 on 30 September 2026.
Summary
Purpose and Scope
The 2025 SEPA Direct Debit Core Rulebook governs creditor-initiated euro collections under a debtor mandate. It aligns provider responsibilities and ISO 20022 messages for consumers and businesses, with separate rejection, return, refund and reversal processes shaping collection risk.
Collection Roles
The creditor requests payment under a mandate and participating providers process the collection against the debtor’s account. The scheme is available for consumer and business use.
Implementation and Risk
The 2025 customer-to-PSP, inter-PSP and e-mandate guidelines use the 2019 ISO 20022 message version. Rejection, return, refund and reversal processes have different purposes. Those exceptions shape the creditor’s collection risk and should not be collapsed into one generic refund operation.
Version Boundary
EPC states that v1.2 replaced v1.1 on 30 September 2026 and deferred the planned end of unstructured addresses. No other business or operating rules changed through that update. The old 15 November 2026 cut-off is historical; the replacement end date remains undetermined.
Keywords
- SDD Core
- Direct Debits
- Creditor Initiation
- Debtor Mandates
- Consumer Collections
- Refund Rights
- Return Handling
- ISO 20022
- Address Formats
- Version 1.1