SEPA conversion - Mandate for vendors - FSEPA_M1

[Former Member]

Hello all,   we are in the process of converting our EU banking to SEPA.  I understand the SEPA Direct Debit where we have to have an IBAN, BIC and Mandate for any EU customer which we have a Direct Debit agreement.  And we must send the same to the bank.

My question is on the vendor side.  Let's say I am in Germany and I have two vendors in France.   One I have a direct debit agreement and the other I do not.  Do I need to create a mandate for both vendors?  Or just the one which I have the agreement?  Do I even need a mandate for a vendor?   Is it enough to send the BIC and IBAN?

Also, regarding the vendor mandate.   I configured the mandate application Financial Accounting in transaction FI_APAR_SEPA_CUST.   Do I also need to configure same for Application Bank Customer Sender Bank?

Thanks for any quick tips or insight.   There is a ton of reading material but I haven't really been able to determine the answer on the vendor mandate.

Many thanks in advance,

Cheryl

[Former Member]

Hello Cherly

If your a customer and have 2 different vendors , you should have 2 mandate one for each vendors.

For example -you have 2 vendors A and B, then Vendor A will create one mandate with you and Vendor B will create one mandate with you.

In the Mandate form - you have Creditor Indentification details like UCI code Adress etc. So Mandate form cannot be same or common for different vendors.

Please let me know if you need any further information.

Regards

Nandu