The 2009 guide to SEPA: Staying focused

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Introduction: Making sure that SEPA delivers

The advent of the SEPA credit transfer (SCT) on 28 January 2008 and the clarification of details about the SEPA Direct Debit (SDD), for which a launch date of 2 November 2009 has now been set, should have given SEPA its moment in the sun. However, circumstances conspired to ensure that SEPA was not at the top of most corporate agendas over the past year.

While SCT volumes grew steadily and in line with expectations throughout 2008, the

sharply worsening financial and economic environment from September 2008 directed

everyone’s attention to the more pressing concerns of effectively managing liquidity and

mitigating risks, including concentration risk.