1.1 SIX Interbank Clearing issues and administrates the Creditor Identifiers on behalf of the Swiss and Liechtenstein financial centers. These are required for the issuing of SEPA direct debit mandates and for the collection of SEPA direct debits.
A Creditor Identifier can be used at all financial institutions throughout the SEPA zone and, together with the mandate reference, enables the verification of the SEPA direct debit mandate by the debtor and/or their financial institution. There is no time limit for usage of the Creditor Identifier.
1.2 The issuing of a Creditor Identifier takes place regardless of the applicant’s legal characteristics and the creditor’s economic situation and therefore does not contain any statement or evaluation thereof by SIX Interbank Clearing.
No authorization to collect SEPA direct debits is connected with the issuing of the Creditor Identifier. Such authorization can only be granted by the financial institution that holds the creditor's account.
1.3 The application for the issuing of a Creditor Identifier by SIX Interbank Clearing is to be made by the creditor's institution (ordering party). The creditor's primary domicile and business headquarters must be in Switzerland or Liechtenstein. The ordering party must be located within the SEPA zone.
Communication with the creditor occurs exclusively through the financial institution.