TARGET closing days in 2018 and 2019 (Bank holidays)

Days when the clearing house TARGET2 is closed. On these days, no interbank transfer is executed. 2018 New Year’s Day: Monday, 1 Jan 2018 Good Friday: Friday, 30 Mar 2018 Easter Monday: Monday, 2 Apr 2018 Labour Day: Tuesday, 1 May 2018 Christmas Day: Tuesday, 25 Dec...

Non-EEA SEPA countries

Since 20 November 2017, the debtor’s name, address and BIC must be provided in SEPA Direct Debits transactions from and to countries outside the European Economic Area (EEA). These coutries are Switzerland (CH) Monaco (MC) San Marino (SM) Saint-Pierre and...

ING Group discontinues CIRI international processing

For the sake of standardisation, ING Group intends to discontinue the processing of CIRI international format files. This file format remains a standard for Febelfin. We are working on CIRI to xml conversion so that ING customers in Belgium who didn’t migrate...

The Leading IBAN rule

Since 01/02/2016 (feb, 1), the indication of the counterparty’s BIC is no longer mandatory. Here the list of IBAN prefixes (countries) of the SEPA zone: AT BE BG CH CY CZ DE DK EE ES FI FR GB GI GR HR HU IE IS IT LI LT LU LV MC MT NL NO PL PT RO SE SI SK SM Each...

Conversions currently available

The available conversions are: Fully automated: Excel file to SEPA or Non-SEPA transfers (xml) Excel file to SEPA Direst Debits (xml) Temporarily with manual intervention: CODA file to Excel list CODA file to csv...