European regulations establish the business requirements for euro credit transfers and direct debits taking place between countries of the Union. One of the main consequences of these regulations is the use of common payment instruments, credit transfers and direct debits, within the Single Euro Payments Area (SEPA). This creates a single market for euro payments, necessary for the proper functioning of economic transactions in the internal market. The European Payments Council (EPC) defines and manages these instruments for use in SEPA together with a set of common rules and standards (ISO 20022) that must be respected by all parties involved.
To facilitate the initiation of mass payments by customers in the Spanish market, the Leaflets of the banking rules and procedures series are defined, which allow the issuance of credit transfers, including instant transfers, or the initiation of SEPA direct debits, in accordance with applicable European regulations.
European regulations establish the business requirements for euro credit transfers and direct debits taking place between countries of the Union. One of the main consequences of these regulations is the obligation to use instruments common to the entire EU. Through the European Payments Council (EPC), these SEPA instruments have been defined for credit transfers and direct debits, together with a set of rules and standards in ISO 20022 format that must be respected by the parties involved.
The Leaflets of the banking rules and procedures series allow the issuance of credit transfers or SEPA direct debits, in accordance with applicable European regulations.
Leaflet. Orders in ISO 20022 format for issuance of euro credit transfers and checks October 2025 PDF
Leaflet. Orders in ISO 20022 format for issuance of SEPA direct debits. B2B Scheme version October 2025 PDF
Leaflet. Orders in ISO 20022 format for issuance of SEPA direct debits-Core Scheme version October 2025 PDF
Leaflet No. 50 Domiciliation order or mandate for SEPA direct debits. “Core” and “B2B” Schemes PDF
Guide to the use of R-transaction reasons in SEPA direct debits PDF
