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The thing is called "Single Euro Payments Area", not "Single European Payments Area". The title of the article needs to be changed. (August 2006) — Preceding unsigned comment added by 213.135.245.71 ( talk • contribs) 07:55, 30 August 2006 (UTC)
How does this relate to SWIFT? Anyone in the know? — Preceding unsigned comment added by 83.236.158.129 ( talk • contribs) 23:04, 28 June 2007 (UTC)
The payments podcast link at the bottom of the article page requires neither registration nor subscription and is purely editorial, free to access and factual in its content. As such it obeys the Wikipedia guidelines and is a useful external resource. Please do not remove it. —Preceding unsigned comment added by 82.68.54.126 ( talk • contribs) 20:32, 27 July 2007
The map also includes countries that don't use the euro (UK, Norway, Sweden, Baltic states, Poland, etc.). Does someone know how that would work in those countries? Would their currencies be linked to SEPA too somehow, or does it only concern euro transactions in those countries (and how would that work)? Or are they just symbolically in the SEPA? Mtcv 14:46, 7 November 2007 (UTC)
So really referring to the area it applies to as the Eurozone (specifically countries which are using the Euro) is technically incorrect isn't it? If it can be used anywhere within the EEA... Stonegate101 ( talk) 17:09, 30 May 2008 (UTC)
After reading all this I contacted the Financial Services Authority in the UK, who regulate the banks. They told me that it ONLY applies in the area where the euro is used, and not to the UK. Roger Pearse ( talk) 15:47, 21 July 2009 (UTC)
Hi Roger, unfortunately, your information is partially wrong: although it is true the UK banks do not participate in the SEPA project (unless someones bring any contradictory info), SEPA is available to non-Euro currency country. For example Switzerland with the Swiss Franc, which is a full member of SEPA (www.sepa.ch). So SEPA is applicable to non Euro countries, providing the bank institutions approach the groupment. Let me add it is also available to countries that use the euro and that are not part of the "Eurozone" as such, for example Monaco (remember the Eurozone is limited to only the EU countries using the euro, and is not actually the exhaustive list of all countries using the Euro). Pierremc ( talk) 23:59, 21 July 2009 (UTC)
The article describes this as an "initiative" and says the "project aims to..." but offers no explanation of when governments will (or have already) vote or debate to decide whether or not this will actually be put into place. If a decision has already been made, it would be helpful to see a paragraph or so on the process of when it was introduced, by whom, who supported or opposed and on what basis, and by what process over what timeline was the decision finally made. Thanks. LordAmeth ( talk) 17:12, 4 November 2008 (UTC)
As per my knowledge, below are list of countries in SEPA region.
EER countries – Republic of Austria, Kingdom of Belgium, Republic of Bulgaria, Republic of Cyprus, Czech Republic, Denmark, Estonia, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, UK
EEA countries – Liechtenstein, Iceland and Norway
Additional - Switzerland
My Qs:
What is EER countries? (note: EEA info available with Wiki Refer:
http://en.wikipedia.org/wiki/European_Economic_Area)
Why EER and EEA? What is the difference?
Why Switzerland mentioned as 'Additional'?
Thanks in Advance. —Preceding unsigned comment added by Visamal ( talk • contribs) 07:45, 21 November 2008 (UTC)
That seems like an awful lot for just the transaction costs of international transfers. Could the source be wrong? Alch0 ( talk) 22:05, 9 January 2009 (UTC)
"Banks in the United Kingdom appear to be evading the legislation. Local transfers are free, but transfers to Europe are always at premium prices. Lloyds TSB charge £15-35[7]; HSBC charge a variable amount depending on your banking option, but never less than £15. By law banks are also obliged to show the IBAN and SWIFT code on bank statements, but this is circumvented by UK banks such as Lloyds TSB who only show these on printed statements and not on their online systems. There seems no evidence of regulatory interest in this to date."
To be eligible for the free EU transfer your transaction has to meet certain conditions. See: http://www.abnamro.nl/en/prive/betalen/buitenlandoverboeking/productinformatie.html (under charges). The likely reason that UK banks don't conform is that the transfer is not in Euro (hence the fees are mentioned as pounds). I'll remove this section as it is unsourced. —Preceding unsigned comment added by 145.97.202.157 ( talk) 13:02, 20 July 2009 (UTC)
Second paragraph - "Direct debits will not be available until 2009. This will put severe pressure on the second milestone." Should this now be updated? —Preceding unsigned comment added by 94.3.28.84 ( talk) 20:17, 16 June 2010 (UTC)
Currently it is written: "Vatican City and San Marino which use the Euro by agreement with the EU will be part of SEPA[citation needed since Aug2009]."
I added "As of May 2010 they both aren't and the Vatican City isn't even using IBAN.[6]", but I propose changing the unsourced material to "San Marino and Vatican City are not part of SEPA" unless we really have a source showing their intention to use it in the future. Alinor ( talk) 18:27, 27 July 2010 (UTC)
The "misconceptions" section contains a couple of errors.
The European Parliament merely mandated that a bank charge the same amount for local/national wires as for SEPA wires (which may be transnational).
Not correct. The European Parliament mandated national and international transactions in euros should be subject to the same fee. The "in euros" part is particularly relevant for countries such as Denmark and the UK where most national transactions are not in euros. A national transaction in pounds may be subject to one fee while a national transaction in euros may be subject to a different fee. For this reason, Danish and British banks are able to charge much more for international euro transfers than for national crown/pound transfers, since they also charge the same high fees for national euro transfers. Sweden is in a separate position because of Swedish law 2002:598 which equals transaction fees for Swedish crowns and euros (although only on the Swedish side), but maybe this is going too much into detail.
Error number two: The section refers to EU regulation 2560/2001, which has subsequently been replaced by EU regulation 924/2009, but the section suggests that the first regulation would still be in force.
Error number three: I'm not sure about EU regulation 924/2009, but according to EU regulation 2560/2001, the part about equal fees only applies to the European Economic Area and not to Switzerland, Monaco or non-EU parts of France. The Vatican City State and San Marino (which are supposed to become a part of SEPA later) are not covered by the 2001 regulation either. Nordea [1] seems to charge more for Swiss euro transfers than for French ones (but the fine print doesn't mention Liechtenstein either, which must be illegal). I believe that the Swiss parliament implemented regulation 2560/2001 in Swiss law but that this implementation doesn't affect fees on the EU side. ( Stefan2 ( talk) 11:38, 31 July 2010 (UTC))
The "territorial coverage" section is a bit unclear and seems to be incomplete.
It includes the following territories that are considered to be part of the EU
What about Saint-Martin and Saint-Barthélémy? They are part of the EU according to the Reform Treaty, but they are not mentioned in the list of territories.
The IBAN registry lists all of Denmark on one page (page 20). The document says "SEPA Country: Yes". Does this mean that all of Denmark is part of SEPA? The Faroe Islands is grey on the map, and neither the Faroe Islands nor Greenland are mentioned in the "territorial coverage" section.
Now go to page 60 in the document. There it reads "Country code as defined in ISO 3166: GB, identifies the country of issue of the IBAN as the United Kingdom of Great Britain and Northern Ireland. This explicitly includes the Channel Islands and Isle of Man within the country code GB" and "SEPA Country: Yes". Does this mean that the Channel Islands and the Isle of Man are part of SEPA? I assume so, but the map and the "territorial coverage" suggests otherwise.
Now go to France (page 23). "SEPA Country: Yes, included GP, RE, MQ, GF, PM and YT". So according to this document, all of France except the CFP franc zone (NC and WF) and Antarctica (TF) are included, including non-EU PM and YT. I assume that this is the most practical solution, since PM and YT use the euro as currency.
The Wikipedia article points out that Svalbard is not part of the EEA. But are Svalbard banks really locked out from SEPA? Are there even special banks from Svalbard, or are there just local branches of normal Norwegian banks? ( Stefan2 ( talk) 09:49, 1 August 2010 (UTC))
Fixed the section. Now it's hopefully correct. ( Stefan2 ( talk) 09:00, 29 September 2011 (UTC))
"To provide end-to-end straight through processing (STP) for SEPA-Clearing the EPC committed to delivering Technical Validation Subsets of ISO 20022. Whereas bank-to-bank messages (pacs) are mandatory for use, customer-to-bank message types (pain) are not; they are strongly recommended however. Because there was tolerance left for interpretation, it is expected that several pain-specifications will be published across SEPA-countries."
I have downloaded the 390 or so documents from europeanpaymentscouncil.eu, 2 of which were ZIPs containing xsd's. all of them pacs message type subsets. Are these the only SEPA Subsets of ISO 20022 by the EPC? or did EPC define more subsets for pain and other message types and are the xsd files just not online?
see http://www.iso20022.org/catalogue_of_unifi_messages.page for kinds of ISO20022 message types... — Preceding unsigned comment added by 213.49.111.94 ( talk) 08:51, 24 December 2011 (UTC)
I see nothing about standing orders (periodically recurrent payments), which I have personally missed so far in SEPA (as supported by ABN Amro in the Netherlands). Does anyone know of plans to make these possible, or is it left to the initiative of individual banks? 2011-12-28 15:37 GMT PJTraill (not logged in)
I started to clean the introduction to provide a better overview of the situation. I moved some of the information into a new section called "Goals". The part where the Swedish Kroner was used to explain the functionality of SEPA should IMO be re-arranged to convey a better overview of how Euro and non-Euro payments are being handled within SEPA. It should not use one specific currency to achieve this as there are several currencies involved in different countries. A broader perspective will be more helpful to the reader in understanding SEPA. I am going to take a look at the rest of the article in the next couple of days. I would appreciate your comments and suggestions. -- MenschMitHut ( talk) 19:26, 26 March 2012 (UTC)
The progress report section seems to be heavily outdated, since it speaks of deadlines in future, which occurred 2009. It would be nice if someone having the knowledge would update this section to learn what has happened to those deadlines in the past and what the current state of progress looks like. -- 193.92.235.193 ( talk) 12:21, 8 July 2012 (UTC)
Are there deadlines when banks and/or companies are required to convert over to SEPA? GoingBatty ( talk) 23:48, 26 May 2013 (UTC)
Hi everyone. Croatia is a new member of the UE as of today July 1st, 2013. Is it automatically appended to the SEPA zone? (I don't know any references for this). If so, the Coverage section should be updated:
SEPA consists of3334 countries: * All 28 European Union member states, including the109 states which are not in the Eurozone
(Bulgaria,Croatia,the Czech Republic, Denmark, Hungary, Latvia, Lithuania, Poland, Romania, Sweden, United Kingdom) * The four European Free Trade Association member states (Iceland, Liechtenstein, Norway, Switzerland) * Monaco
-- Alvaro Vidal-Abarca ( talk) 11:49, 1 July 2013 (UTC)
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This is the
talk page for discussing improvements to the
Single Euro Payments Area article. This is not a forum for general discussion of the article's subject. |
Article policies
|
Find sources: Google ( books · news · scholar · free images · WP refs) · FENS · JSTOR · TWL |
![]() | This article is rated C-class on Wikipedia's
content assessment scale. It is of interest to the following WikiProjects: | ||||||||||||||||||||||||||||||
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The thing is called "Single Euro Payments Area", not "Single European Payments Area". The title of the article needs to be changed. (August 2006) — Preceding unsigned comment added by 213.135.245.71 ( talk • contribs) 07:55, 30 August 2006 (UTC)
How does this relate to SWIFT? Anyone in the know? — Preceding unsigned comment added by 83.236.158.129 ( talk • contribs) 23:04, 28 June 2007 (UTC)
The payments podcast link at the bottom of the article page requires neither registration nor subscription and is purely editorial, free to access and factual in its content. As such it obeys the Wikipedia guidelines and is a useful external resource. Please do not remove it. —Preceding unsigned comment added by 82.68.54.126 ( talk • contribs) 20:32, 27 July 2007
The map also includes countries that don't use the euro (UK, Norway, Sweden, Baltic states, Poland, etc.). Does someone know how that would work in those countries? Would their currencies be linked to SEPA too somehow, or does it only concern euro transactions in those countries (and how would that work)? Or are they just symbolically in the SEPA? Mtcv 14:46, 7 November 2007 (UTC)
So really referring to the area it applies to as the Eurozone (specifically countries which are using the Euro) is technically incorrect isn't it? If it can be used anywhere within the EEA... Stonegate101 ( talk) 17:09, 30 May 2008 (UTC)
After reading all this I contacted the Financial Services Authority in the UK, who regulate the banks. They told me that it ONLY applies in the area where the euro is used, and not to the UK. Roger Pearse ( talk) 15:47, 21 July 2009 (UTC)
Hi Roger, unfortunately, your information is partially wrong: although it is true the UK banks do not participate in the SEPA project (unless someones bring any contradictory info), SEPA is available to non-Euro currency country. For example Switzerland with the Swiss Franc, which is a full member of SEPA (www.sepa.ch). So SEPA is applicable to non Euro countries, providing the bank institutions approach the groupment. Let me add it is also available to countries that use the euro and that are not part of the "Eurozone" as such, for example Monaco (remember the Eurozone is limited to only the EU countries using the euro, and is not actually the exhaustive list of all countries using the Euro). Pierremc ( talk) 23:59, 21 July 2009 (UTC)
The article describes this as an "initiative" and says the "project aims to..." but offers no explanation of when governments will (or have already) vote or debate to decide whether or not this will actually be put into place. If a decision has already been made, it would be helpful to see a paragraph or so on the process of when it was introduced, by whom, who supported or opposed and on what basis, and by what process over what timeline was the decision finally made. Thanks. LordAmeth ( talk) 17:12, 4 November 2008 (UTC)
As per my knowledge, below are list of countries in SEPA region.
EER countries – Republic of Austria, Kingdom of Belgium, Republic of Bulgaria, Republic of Cyprus, Czech Republic, Denmark, Estonia, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, UK
EEA countries – Liechtenstein, Iceland and Norway
Additional - Switzerland
My Qs:
What is EER countries? (note: EEA info available with Wiki Refer:
http://en.wikipedia.org/wiki/European_Economic_Area)
Why EER and EEA? What is the difference?
Why Switzerland mentioned as 'Additional'?
Thanks in Advance. —Preceding unsigned comment added by Visamal ( talk • contribs) 07:45, 21 November 2008 (UTC)
That seems like an awful lot for just the transaction costs of international transfers. Could the source be wrong? Alch0 ( talk) 22:05, 9 January 2009 (UTC)
"Banks in the United Kingdom appear to be evading the legislation. Local transfers are free, but transfers to Europe are always at premium prices. Lloyds TSB charge £15-35[7]; HSBC charge a variable amount depending on your banking option, but never less than £15. By law banks are also obliged to show the IBAN and SWIFT code on bank statements, but this is circumvented by UK banks such as Lloyds TSB who only show these on printed statements and not on their online systems. There seems no evidence of regulatory interest in this to date."
To be eligible for the free EU transfer your transaction has to meet certain conditions. See: http://www.abnamro.nl/en/prive/betalen/buitenlandoverboeking/productinformatie.html (under charges). The likely reason that UK banks don't conform is that the transfer is not in Euro (hence the fees are mentioned as pounds). I'll remove this section as it is unsourced. —Preceding unsigned comment added by 145.97.202.157 ( talk) 13:02, 20 July 2009 (UTC)
Second paragraph - "Direct debits will not be available until 2009. This will put severe pressure on the second milestone." Should this now be updated? —Preceding unsigned comment added by 94.3.28.84 ( talk) 20:17, 16 June 2010 (UTC)
Currently it is written: "Vatican City and San Marino which use the Euro by agreement with the EU will be part of SEPA[citation needed since Aug2009]."
I added "As of May 2010 they both aren't and the Vatican City isn't even using IBAN.[6]", but I propose changing the unsourced material to "San Marino and Vatican City are not part of SEPA" unless we really have a source showing their intention to use it in the future. Alinor ( talk) 18:27, 27 July 2010 (UTC)
The "misconceptions" section contains a couple of errors.
The European Parliament merely mandated that a bank charge the same amount for local/national wires as for SEPA wires (which may be transnational).
Not correct. The European Parliament mandated national and international transactions in euros should be subject to the same fee. The "in euros" part is particularly relevant for countries such as Denmark and the UK where most national transactions are not in euros. A national transaction in pounds may be subject to one fee while a national transaction in euros may be subject to a different fee. For this reason, Danish and British banks are able to charge much more for international euro transfers than for national crown/pound transfers, since they also charge the same high fees for national euro transfers. Sweden is in a separate position because of Swedish law 2002:598 which equals transaction fees for Swedish crowns and euros (although only on the Swedish side), but maybe this is going too much into detail.
Error number two: The section refers to EU regulation 2560/2001, which has subsequently been replaced by EU regulation 924/2009, but the section suggests that the first regulation would still be in force.
Error number three: I'm not sure about EU regulation 924/2009, but according to EU regulation 2560/2001, the part about equal fees only applies to the European Economic Area and not to Switzerland, Monaco or non-EU parts of France. The Vatican City State and San Marino (which are supposed to become a part of SEPA later) are not covered by the 2001 regulation either. Nordea [1] seems to charge more for Swiss euro transfers than for French ones (but the fine print doesn't mention Liechtenstein either, which must be illegal). I believe that the Swiss parliament implemented regulation 2560/2001 in Swiss law but that this implementation doesn't affect fees on the EU side. ( Stefan2 ( talk) 11:38, 31 July 2010 (UTC))
The "territorial coverage" section is a bit unclear and seems to be incomplete.
It includes the following territories that are considered to be part of the EU
What about Saint-Martin and Saint-Barthélémy? They are part of the EU according to the Reform Treaty, but they are not mentioned in the list of territories.
The IBAN registry lists all of Denmark on one page (page 20). The document says "SEPA Country: Yes". Does this mean that all of Denmark is part of SEPA? The Faroe Islands is grey on the map, and neither the Faroe Islands nor Greenland are mentioned in the "territorial coverage" section.
Now go to page 60 in the document. There it reads "Country code as defined in ISO 3166: GB, identifies the country of issue of the IBAN as the United Kingdom of Great Britain and Northern Ireland. This explicitly includes the Channel Islands and Isle of Man within the country code GB" and "SEPA Country: Yes". Does this mean that the Channel Islands and the Isle of Man are part of SEPA? I assume so, but the map and the "territorial coverage" suggests otherwise.
Now go to France (page 23). "SEPA Country: Yes, included GP, RE, MQ, GF, PM and YT". So according to this document, all of France except the CFP franc zone (NC and WF) and Antarctica (TF) are included, including non-EU PM and YT. I assume that this is the most practical solution, since PM and YT use the euro as currency.
The Wikipedia article points out that Svalbard is not part of the EEA. But are Svalbard banks really locked out from SEPA? Are there even special banks from Svalbard, or are there just local branches of normal Norwegian banks? ( Stefan2 ( talk) 09:49, 1 August 2010 (UTC))
Fixed the section. Now it's hopefully correct. ( Stefan2 ( talk) 09:00, 29 September 2011 (UTC))
"To provide end-to-end straight through processing (STP) for SEPA-Clearing the EPC committed to delivering Technical Validation Subsets of ISO 20022. Whereas bank-to-bank messages (pacs) are mandatory for use, customer-to-bank message types (pain) are not; they are strongly recommended however. Because there was tolerance left for interpretation, it is expected that several pain-specifications will be published across SEPA-countries."
I have downloaded the 390 or so documents from europeanpaymentscouncil.eu, 2 of which were ZIPs containing xsd's. all of them pacs message type subsets. Are these the only SEPA Subsets of ISO 20022 by the EPC? or did EPC define more subsets for pain and other message types and are the xsd files just not online?
see http://www.iso20022.org/catalogue_of_unifi_messages.page for kinds of ISO20022 message types... — Preceding unsigned comment added by 213.49.111.94 ( talk) 08:51, 24 December 2011 (UTC)
I see nothing about standing orders (periodically recurrent payments), which I have personally missed so far in SEPA (as supported by ABN Amro in the Netherlands). Does anyone know of plans to make these possible, or is it left to the initiative of individual banks? 2011-12-28 15:37 GMT PJTraill (not logged in)
I started to clean the introduction to provide a better overview of the situation. I moved some of the information into a new section called "Goals". The part where the Swedish Kroner was used to explain the functionality of SEPA should IMO be re-arranged to convey a better overview of how Euro and non-Euro payments are being handled within SEPA. It should not use one specific currency to achieve this as there are several currencies involved in different countries. A broader perspective will be more helpful to the reader in understanding SEPA. I am going to take a look at the rest of the article in the next couple of days. I would appreciate your comments and suggestions. -- MenschMitHut ( talk) 19:26, 26 March 2012 (UTC)
The progress report section seems to be heavily outdated, since it speaks of deadlines in future, which occurred 2009. It would be nice if someone having the knowledge would update this section to learn what has happened to those deadlines in the past and what the current state of progress looks like. -- 193.92.235.193 ( talk) 12:21, 8 July 2012 (UTC)
Are there deadlines when banks and/or companies are required to convert over to SEPA? GoingBatty ( talk) 23:48, 26 May 2013 (UTC)
Hi everyone. Croatia is a new member of the UE as of today July 1st, 2013. Is it automatically appended to the SEPA zone? (I don't know any references for this). If so, the Coverage section should be updated:
SEPA consists of3334 countries: * All 28 European Union member states, including the109 states which are not in the Eurozone
(Bulgaria,Croatia,the Czech Republic, Denmark, Hungary, Latvia, Lithuania, Poland, Romania, Sweden, United Kingdom) * The four European Free Trade Association member states (Iceland, Liechtenstein, Norway, Switzerland) * Monaco
-- Alvaro Vidal-Abarca ( talk) 11:49, 1 July 2013 (UTC)
Hello fellow Wikipedians,
I have just added archive links to one external link on
Single Euro Payments Area. Please take a moment to review
my edit. If necessary, add {{
cbignore}}
after the link to keep me from modifying it. Alternatively, you can add {{
nobots|deny=InternetArchiveBot}}
to keep me off the page altogether. I made the following changes:
When you have finished reviewing my changes, please set the checked parameter below to true to let others know.
This message was posted before February 2018.
After February 2018, "External links modified" talk page sections are no longer generated or monitored by InternetArchiveBot. No special action is required regarding these talk page notices, other than
regular verification using the archive tool instructions below. Editors
have permission to delete these "External links modified" talk page sections if they want to de-clutter talk pages, but see the
RfC before doing mass systematic removals. This message is updated dynamically through the template {{
source check}}
(last update: 5 June 2024).
Cheers.— cyberbot II Talk to my owner:Online 11:55, 14 January 2016 (UTC)