Distinguishing the SDD mandate type
There are two types of mandates:
The signed mandate applies to a single direct debit and will not result in a series of direct debits. It will not be possible to make other direct debits with the same mandate.
The signed mandate applies to a series of direct debits. It becomes null after a period of 36 months with no payments.
The SDD mandate can be revoked by the debtor at any time.
SEPA Direct Debit operates in "sequences". The following table lists the acceptable sequences for direct debits, each code corresponding to a mandate type.
|Mandate type||Possible sequences for direct debit||Code|
|One-off||ONE-OFF: a unique direct debit not followed by other direct debits under the same mandate||OOFF|
|Recurring||FIRST: 1st direct debit of a series||FRST|
|RECURRING: consecutive direct debits after the 1st of the series||RCUR|
|FINAL: the last direct debit of the series||FNAL|
The delays for the presentation of SDD to the banks depend on the sequence type.