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Re: Reject of SEPA SDD First

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Hi,

 

Resending of SDD collection which was previously rejected is definitely not required for the following two reasons;
1) Account Closed (AC04)
2) End Customer Deceased (MD07).
 
And depending on the reject reason ( apart from AC04 & MD07), it is left to the discretion of the creditor / creditor bank / debtor bank / based on refusal of the debtor, to have the SDD resend ( possibly after correction).

 

What we have done is we have mapped the existing reject reason to SEPA reject reason to handle SEPA rejects so that the As - Is process is followed.

 

Thanks,

Sagar 


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