Dear Customer,

In accordance with the terms of Regulation No. 260/2012 of the European Union the respective SEPA payment formats for credit transfers and direct debits have to be used for all payments denominated in EUR within the SEPA area (States of the European Union, Switzerland, Iceland, Liechtenstein, Monaco and Norway) as of 1st November 2016.

The unified SEPA payment format for credit transfers has already been set up in our systems whereas the SEPA direct debit formats will be adapted within the scope of the implementation in line with the Regulation from the aforementioned date.

We are going to inform you about details of the respective changes in our payment transactions systems in connection with the implementation at short notice.

Further information about Regulation No. 260/2012 of the European Union is available under the following URL:
http://www.sepahungary.hu/uploads/files/SEPA_Regulation_260-2012.PDF

Our experts are happy to assist you with your questions and queries. To contact them please use our postbox SEPA_Budapest@commerzbank.com.

Best regards
Commerzbank Zrt.
SEPA workgroup

Budapest, 15.08.2016