I went into the kitchen and made coffee. With my arms resting on the acrylic table and sitting on a white stool with no backrest, I sipped and savored it. Suddenly my eyes focused on the loose-leaf calendar on the table: it said November 19. Just another day, like any other.
One more day, I thought.
I tore out the page. Tomorrow would be November 20th. Tomorrow. No, not tomorrow, today. The clock on the wall in the dining room had just struck one in the morning. So, good russian phone number whatsapp morning! It was November 20th. Outside, the drizzle was beginning to fog up the streets, its tiny drops pattering on the windows I had cleaned the day before. A grey, damp day typical of the month of November was beginning.
I said to myself, “November 20th.” Over and over, November 20th. I knew there was something important about that date, but what?
Sure… KNOW
SEPA… November 20th and, as every year around this time, the SEPA regulations are updated.
Of course! It had to be SEPA . It couldn't be anything else.
That was what the calendar page I had just discovered was spitting in my face. And it did so with absolute shamelessness and in a defiant and mocking tone, as if to say… I bet you didn't remember, right? All that was missing was an emoticon showing a smile from ear to ear.
Of course I remembered… I mentally snapped in his face.
In fact, I was already aware of the changes - this time more technical - but it was still what it was, and as such, I had to take it into account and consider it as it deserves. This one was perhaps more opaque than its older brothers, although it contained nothing more or less than a modification of the presentation deadlines for CORE debts, as well as a new way of reporting a change in a debtor's account when the bank entity is also modified.
In short, a change in deadlines would imply an operational change and, as a consequence, would modify the format . And finally, as happened in February of this year when rules 32 and 58 disappeared, now, this November, we would also attend the funeral. The appointment would be set for November 20.
With this change, the possibility of identifying COR1 debts is buried, that is, those that were allowed, and in fact will be allowed to be submitted until 11/19/2016, within 1 day before their due date. All this in favor of the unification of the submission period and type of CORE debts that continue and will continue to be alive and kicking, after the aforementioned burial.
Changing environment
I went to retrieve my blue folder where I usually kept my clippings and all the information about SEPA. There it was. Everything was well written down and organized. I had looked into this issue before going on vacation and had made everything clear in order to adapt to the new deadlines, as well as to the way of reporting a change in the debtor's account when this is made, as of 20/11/2016 , in a different bank.
This modification, which is scheduled to come into force on November 20, 2016, allows CORE debts to be submitted within 1 day before their due date and without identifying them as COR1, something that simplifies and calls everything by the same name and without specialties, but which, however, will disturb the most conservative, nostalgic and change-averse minds. If it doesn't disconcert them, at least it will unbalance them a little, leaving a terminology that was already familiar and common to them and to which, surely, they had already grown fond of, obsolete.
This was the first point in my notes. This means that if tomorrow… noooooo, not tomorrow – the calendar reminded me sarcastically again – it’s already November 20th. Come on, focus…!
Another cup of coffee, let’s see… Let’s start again. If today – now yes – I want to remit a CORE debt and I want to do it one day before the due date, I will be able to do so and I will not identify it as COR1, but as CORE. Anyway, I left a note somewhere saying that, however, the current deadlines for submission are maintained and, therefore, I will be able to operate with them, but… let’s be honest and aware: this is Spain, and in Spain we always go to the last minute, therefore, I am sure that this simplification will make my life easier, of course. Like so many others. Time will tell.