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SEPA Timetable

SEPA has a number of critical dates for both Banks and corporates which are shown in the diagram below:

2007
IBAN and BIC become mandatory for SEPA region credit transfers in Euros.
Target2 goes live
2008
Credit Transfer scheme goes live.
SEPA Cards Framework goes live.
PriEuro goes Live.
2009
Direct Debit scheme goes live.
2010
All SEPA schemes are live and mandatory.