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1st February 2014, Single End-Date Set for SCT/SDD Migration

  • The European Union has just released the criteria to migrate to Euro credit transfers and direct debits.
  • After the EU Parliament on 14 February, the EU Council has adopted on 28 February the “end-date” Regulation proposed one year ago by the Commission. This binding text sets a unique end-date for SEPA payments on 1 February 2014 at the latest (with the exception of SCF cards).