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Technical details about our handling of VRP mandates for payment validation.
All VRP periods reset at midnight (UTC time), so consent-aligned periods do not take into account the time that the consent was created. In other words, the smallest relevant unit of time is a day.

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Calendar Alignment

  • DAILY
    • Period resets at midnight (UTC time).
  • WEEKLY
    • Period resets every Monday.
  • EVERY_TWO_WEEKS
    • Not available: the OBUK standard prohibits calendar-aligned fortnightly frequency, as the ISO calendar does not support or provide any guidance on when a fortnight should start.
  • MONTHLY
    • Period resets every 1st of every month.
  • YEARLY
    • Period resets every 1st of January.
  • DAILY
    • Period resets at midnight (UTC time).
    • This is identical to the calendar-aligned daily period.
  • WEEKLY
    • Period resets on the weekday that the consent was created.
  • EVERY_TWO_WEEKS
    • Period resets on the weekday that the consent was created on every other week.
  • MONTHLY
    • Period resets on the day of the month that the consent was created
      • e.g. if consent was created on the 16th, then the period resets every 16th of every month
    • If consent was created on a day that is not present in all months (e.g. on the 31st),
      then months without that day will reset on the last day of the month:
      • e.g. 31st Aug -> 30th Sep -> 31st Oct -> … -> 28th Feb -> 31st Mar -> …
      • e.g. 30th Aug -> 30th Sep -> 30th Oct -> … -> 28th Feb -> 30th Mar -> …
  • YEARLY
    • Period resets on the day of the specific month that the consent was created
      • e.g. if consent was created on March 16th, then the period resets every March 16th
    • If consent was created on 29th of February, then during non-leap years the period will reset on the 28th of February.

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Pro-Rata Calculation

The very first calendar-aligned period is subject to a pro-rata calculation. That is, if a calendar-aligned consent is created in the middle of the relevant calendar period, then its periodic limit will be reduced proportionally to the remaining days in this period. The specific pro-rata formula is (t - c + 1) / t where
  • t is the Total number of days in the first period
  • c is the number of the Current day within the period
  • the +1 term accounts for the current day being inside the periodic limit
The pro-rata adjusted limit is rounded down to the nearest cent or equivalent (e.g. a pro-rata adjusted limit of 33.6789 will be rounded to 33.67).
Examples, assuming a periodic limit of 5:
  • a weekly calendar-aligned consent created on Tuesday
    • (7 - 2 + 1) / 7 = 0.8571
    • i.e. ~86% of the Weekly limit (4.28) available until the end of the first week
  • a monthly calendar-aligned consent created on the 16th of March
    • (30 - 16 + 1) / 30 = 0.5 (note that March has 30 days)
    • i.e. 50% of the Monthly limit (2.50) available until the end of the first month
  • a yearly calendar-aligned consent created on the 5th of October during a non-leap year
    • (365 - 278 + 1) / 365 = 0.2411 (note that 5th of October is the 278th day of a non-leap year)
    • i.e. ~24% of the Yearly limit (1.20) available until the end of the first year