Thus, the SEPA Direct Debit Core D-1 option and the Change Account Identification (CAI) option have been implemented in STEP2.
The SDD Core D-1 option shortens the regular timelines for sending SDD Core collections to the debtor’s bank. The CAI option allows banks to inform each other via a standardised Identification Modification Advice message about changes in the bank or account details of a customer.
In addition to the launch of the November release, EBA CLEARING also activated an optional evening cycle for the STEP2 Credit Transfer Service. Furthermore, additional resilience features have been implemented and two new participants have joined.
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