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SEPA Glossary of Terms TermDefinitionAOSAdditional optional service offered by a bankBeneficiaryThe person who receives a Credit Transfer paymentBeneficiary Bathe bank where the Beneficiary holds
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Additional optional services are additional services that are not mandatory but can be selected by individuals or organizations to customize their needs.
Individuals or organizations who want to avail of the additional optional services are required to file for them.
To fill out additional optional services, individuals or organizations need to select the services they want and provide any necessary information or documentation.
The purpose of additional optional services is to provide flexibility and customization options for individuals or organizations to tailor their services to their specific needs.
The information required to be reported on additional optional services may vary depending on the service selected, but generally, it includes details about the service, cost, and any relevant terms and conditions.
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