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Direct Debit Scheme Rules

The Direct Debit Scheme Rules set out the operational rules of the Direct Debit Scheme which is a four-party arrangement for collection of money between a Payer and an Originator through their respective banks. The Direct Debit Scheme is operated by the Bank through the Bulk Clearing System.

The Direct Debit Scheme Rules provide a technical description of the Scheme and describe the relationships between the Participants, Originators and Payers  and their roles and responsibilities