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StandardSDDreversalv20en.docx version 2.0 DW 04/04/2012XML message for Direct Debit Reversal (or Cancel) Implementation Guidelines Version 2.0Belgian Financial Sector Federation rue Marlon/Aarlenstraat

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What is standard-sdd-reversal-v20-en?

Standard-sdd-reversal-v20-en refers to a specific version of the standard format for Single Direct Debit (SDD) reversals. It is a standardized document used for reversing direct debit transactions.

Who is required to file standard-sdd-reversal-v20-en?

Any entity that needs to reverse a direct debit transaction using the SDD system is required to file standard-sdd-reversal-v20-en. This can include banks, financial institutions, and businesses that initiate direct debit transactions.

How to fill out standard-sdd-reversal-v20-en?

Filling out standard-sdd-reversal-v20-en involves providing specific information related to the original direct debit transaction that needs to be reversed. This typically includes details such as the original transaction reference number, the amount to be reversed, and any relevant supporting documentation.

What is the purpose of standard-sdd-reversal-v20-en?

The purpose of standard-sdd-reversal-v20-en is to provide a standardized format for reversing direct debit transactions. This helps ensure consistency, accuracy, and efficiency in the reversal process, reducing errors and providing clear documentation.

What information must be reported on standard-sdd-reversal-v20-en?

Standard-sdd-reversal-v20-en typically requires the reporting of information such as the original transaction reference number, the reversal amount, the reason for the reversal, and any supporting documentation that may be necessary.

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