OREANDA-NEWS. AS SEB has been offering its clients the option to initiate SEPA payments in the U-Net/U-Net Business Internet bank from 28 January 2008, reported the press-centre of SEB.

New fields will be added to the SEPA (Single Euro Payment Area) payment order form in U-Net/U-Net Business on 1 February 2009. You will find the SEPA payment order under the payments menu in U-Net/U-Net Business.

You can add more details about the payment order and specify the payee or payer of the payment order in the additional fields.

The new extra fields are the following:
Ultimate debtor name - enter the name of the legal entity or private person on whose behalf the payer initiates the payment from their account

Ultimate debtor identification code - enter the personal identification code, registry code or any other identification code of the initiator of the payment (or the person on whose behalf the payer initiates the payment)

Ultimate creditor name - enter the name of the final payee if the payee to whose account the payment is made is not the final payee of the transferred amount

Ultimate creditor identification code - enter the final payee's personal identification code, registry code or any other identification code

Purpose of the credit transfer - select the purpose or the additional explanation about the service, product or transaction in respect of which the transfer is initiated for the benefit of the payee using the 96 codes available

Category purpose - select the category of the SEPA payment using one of the 18 codes available.

These extra fields help large European companies tie payment orders and receivables from clients and filling in the fields does not affect the course of the payment order or its receipt on the payee's account. Therefore we advise you to fill in the extra fields on the SEPA payment order only if the payee has asked you to do so.

The other terms and conditions for making SEPA payment orders remain in force.