SEPA: How Can the Expiring Unused Mandates Be Extended to a Specific Expiration Date?
(Doc ID 1636506.1)
Last updated on FEBRUARY 15, 2019
Applies to:Oracle Receivables - Version 126.96.36.199 and later
Information in this document applies to any platform.
As noted in the SEPA CORE DIRECT DEBIT SCHEME RULEBOOK and also in <Note 1615349.1> Single European Payments (SEPA) Core Direct Debit in Oracle E-Business Suite 11i: Setup Steps and Flow, a SEPA Direct Debit mandate can expire if not used for a period of time:
"If a Creditor does not present a Collection under a Mandate for a period of 36 months (starting from the date of the latest Collection presented, even if rejected, returned or refunded), the Creditor must cancel the Mandate and is no longer allowed to initiate Collections based on this cancelled Mandate. If there is a further requirement for a direct debit, a new Mandate must be established. The Rulebook does not oblige the Debtor Bank or the Creditor Bank to check the correct application of this rule; it is only an obligation for the Creditor."
At present, there is no facility to monitor and expire unused mandates in Oracle 188.8.131.52.
It is the creditors responsibility to handle this and believe it would be useful to make the expiration period setup driven (e.g. profile option or AR system option) in case the rule book changes in the future.
Can this be setup to as a profile option or a System Option?
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