After completion of the seminars arranged by Šiaulių Bankas on the SEPA requirements, we can confirm that they were essential for the companies

2015-09-15

In order to facilitate the country's companies during the period of preparation for the SEPA requirements which is to end on the last day of the current year, Šiaulių Bankas has arranged free seminars to the corporate customers in September in the biggest cities of the country.  Today the last seminar has been conducted in Šiauliai.  Even 60 enterprises and organizations have participated there.

Since 1 January 2016, the requirements set by the Single Euro Payments Area will come into force and a single payment in euro scheme as well as its major terms will be applied. Understanding that the approaching useful changes must be well-adopted by the companies and, wishing to facilitate them during the  process of preparation Šiaulių Bankas arranged free seminars Single Euro Payments Area (SEPA) and its requirements on 7-14 September in Vilnius, Kaunas, Klaipėda and Šiauliai.

During these seminars the companies have been comprehensively introduced with the new requirements, changes in credit transfers, instalment of a new format  ISO 20022 XML  of payment orders and e-invoice service, which is to replace the direct debit service that won't be provided after 1 January 2016.

“Approaching changes will be beneficial to our customers, however, they should be prepared for smooth processing of payment in the single payment in euro area and provision of the e-invoice service since 1 January in advance. During these seminars we have been willing to foster our customers to take early actions and have provided detailed information on what  the companies are supposed to do and how to do that. After the seminars, we could confirm that they were necessary for business entities as we had drawn much attention and received a great number of questions, - said one of the seminar organizers Andrius Kamarauskas, project leader at the Banking Product Department of Šiaulių Bankas.

The attention of the seminar participants in all the cities was mainly focused on the requirements set for a new SEPA credit transfer form, ways to deliver information in the shorter spaces of the forms, the process of direct debit replacement with the e-invoice service, they were also interested what additional actions should be taken by private clients.

Shots from the seminar Single Euro Payments Area (SEPA) and its requirements: