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SEPA : Plus que 85 jours pour finaliser la migration ! Nog maar 85 dagen voor de finalisatie van de migratie!

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Presentation on theme: "SEPA : Plus que 85 jours pour finaliser la migration ! Nog maar 85 dagen voor de finalisatie van de migratie!"— Presentation transcript:

1 SEPA : Plus que 85 jours pour finaliser la migration ! Nog maar 85 dagen voor de finalisatie van de migratie!

2 Agenda Infosession - Febelfin - 07/11/2013 2 Introduction SEPA Credit Transfers SEPA Direct Debits Q&A Coffee break End of legacy CT & dom’80 Standards Q&A

3 SEPA: Programme Management Office Axelle Waterkeyn - National Bank of Belgium

4 End date regulation Infosession - Febelfin - 07/11/2013 4

5 End date regulation : 01/02/2014 Belgian banks did not ask a waiver on the Member State options Infosession - Febelfin - 07/11/2013 5

6 SEPA - End date regulation Schemes Formats Consumer protection  End of domestic CT and DD schemes in euro countries as from 01/02/2014  Mandatory use of ISO XML 20022 format to banks as from 01/02/2014  IBAN mandatory as from 01/02/2014  BIC no longer required for domestic transactions as from 01/02/2014  BIC no longer required for cross-border transactions as from 01/02/2016 Infosession - Febelfin - 07/11/2013 6  New protection measures for direct debits consumers (white/black list, limit amount, etc.) as from 01/02/2014

7 Migration Infosession - Febelfin - 07/11/2013 7

8 Migration SCT - En Europe et en Belgique Infosession - Febelfin - 07/11/2013 8

9 Migration SDD - En Europe et en Belgique Infosession - Febelfin - 07/11/2013 9

10 Migration SDD - Créanciers Infosession - Febelfin - 07/11/2013 10

11 Communication Infosession - Febelfin - 07/11/2013 11

12 Actions de communication BNB (octobre 2013 – février 2014) Infosession - Febelfin - 07/11/2013 12  01/10/2013Réunion d'information Entreprises (Febelfin-Isabel-BNB)  24/10/2013Conférence de presse (SPF Finances-SPF Economie-Febelfin-BNB)  14/11/2013Réunion d'information ERP (Febelfin-Agoria-BNB)  07/11/2013Réunion d'information banques (Febelfin)  17/10/2013Dépliant et Affiche SEPA (SPF Finances) SEPA  DécembreSessions d'info ad hoc  JanvierSessions d'info ad hoc  01/02/2014

13 Conclusions SEPA entame sa dernière ligne droite Chacun doit avoir migré, au plus tard, le 01/02/2014 Les banques doivent accompagner leurs clients et les encourager à entamer leurs développements L'accent doit être porté sur les petites et moyennes entreprises 13 Infosession - Febelfin - 07/11/2013

14 Questions Infosession - Febelfin - 07/11/2013 14

15 “SEPA Credit Transfers What’s New? ” Gilles Swinnen - BNP Paribas Fortis 15 Infosession - Febelfin - 07/11/2013

16 Agenda 1.Statistics 2.Market Status and next steps End Date Regulation 3.EPC -- SCT Rulebook Releases 2014 …. 16 Infosession - Febelfin - 07/11/2013

17 SCT Migration statistics 17 Infosession - Febelfin - 07/11/2013

18 SCT Migration Project 1.January 2008 : SCT Start – up 2.October 2011: End of Legacy Paper Acceptance (BE) 3.2011 – 2013: Communication campaign Febelfin / NBB 4.End Date : 01/02/2014 25% to go Points of concern to support a full migration: – IBAN/BIC – Client channels:  Clients using single payments  Clients using upload of files – Internal banking applications – XML Reporting 18 Infosession - Febelfin - 07/11/2013 18

19 EPC - SCT Rulebook Releases Feb 2014 Clarifications: o Additional text to align Rulebook with End Date Regulation text Changes: o Extra reason codes indicating BIC not reachable at CSM for given Scheme Feb 2016 No more BIC required for cross-border credit transfers (IBAN-only) 19 Infosession - Febelfin - 07/11/2013 19

20 Other: FAQ SCT published on website NBB : see http://www.nbb.be/doc/ts/Products/PaymentSystems/SEPA/FAQ_Nl.pdf http://www.nbb.be/doc/ts/Products/PaymentSystems/SEPA/FAQ_Fr.pdf http://www.nbb.be/doc/ts/Products/PaymentSystems/SEPA/FAQ_En.pdf SCT Payments for beneficiaries in non-EEA countries  Regulation 1781/2006 (art 4-5): Obligation to provide IBAN, Name and Address Infosession - Febelfin - 07/11/2013 20

21 Questions? Infosession - Febelfin - 07/11/2013 21

22 SEPA…the last countdown… Begoña Blanco Sánchez Head of Product Management Payments ING Belgium

23 Agenda 1.PSD 2 2.Status at European level 3.End date Regulation 4.Lessons learned 5.Conclusion 6.Questions? 23Infosession - Febelfin - 07/11/2013

24 1. PSD 2 Draft July 2013 National consultation in September 2013 Discussions on going at EPC & EBF Possible Impacts on the SEPA rulebooks Purpose is to clarify and complete PSD 1 24Infosession - Febelfin - 07/11/2013

25 2. Status at European level (EPC) End-dates: No waiver requested by Belgium 01/02/2014 for Euro countries 01/02/2016 for non-Euro countries Core scheme Rulebook 7.0 implementation 01/02/2014 No new rulebook expected in 2014 B2B scheme Rulebook 5.0 implementation 01/02/2014 No new rulebook expected in 2014 BIC removed 01/02/2014 (domestic) BIC removed 01/02/2016 (cross border) National Fact Sheets on Regulation 260/2012 on ECB Website : http://www.ecb.europa.eu/paym/sepa/about/countries/html/index.en.html 25Infosession - Febelfin - 07/11/2013

26 2. Status at European level E-mandates Survey At EPC Conclusion ? Febelfin workgroup Core 1 Spain, Austria, Germany in 2013 & 2014 Fixed Amount scheme EPC has requested a list of activities that could be opt for FA Who’s allowed to use the FA scheme ? (code of conduct ?) What about fixed amount ? How to interprete it ? Impact of the PSD 2 ? 26Infosession - Febelfin - 07/11/2013

27 3. End Date regulation Protection of the consumers Banks have to offer (= obligation) : Maximum amount Periodicity Black list White list Mandatory for Core Please inform customers not to add periodicity or amount in the mandates Only for debtor banks 27Infosession - Febelfin - 07/11/2013

28 3. End Date regulation - Interchange Fees Cross border transaction : forbidden since 01/11/2012 Domestic transaction: 2 cents in BE until 01/02/2017 R transactions allowed: based on the real cost of treatment 28Infosession - Febelfin - 07/11/2013

29 4. Lessons learned - Communication Important to share SEPA knowlege - Branches !!! - Sales - Implementation - Customer supports - Marketing - … Infosession - Febelfin - 07/11/2013 29

30 4. Lessons learned - Database NBB As per 01/02/2014, database will provide static data available for the customers who will use the DOM reference later on No amendment on the DOM 80 mandates after the End date -> new mandate is required 2 steps to close DOM 80 - At debtor level - At Creditor level Infosession - Febelfin - 07/11/2013 30

31 4. Lessons learned - Migration of the mandates Database at National Bank If the NBB file contains several DOM 80 mandates with the same mandate number for the same creditor, the mandate can be identified in the colonne “mandatereference” by 6 positions (this is the case when several mandates have been signed by the debtor for the same creditor with the same DOM 80 number provided by the debtor bank) Infosession - Febelfin - 07/11/2013 31

32 4. Lessons learned - Archiving the mandates Today, only paper mandates are available Archiving 10 years after last debit Infosession - Febelfin - 07/11/2013 32

33 4. Lessons learned - The mandate Mandatory field on the Belgian SDD mandate XML format: no tag for the “description of the underlined contract” Interbank mandate is published on the NBB website Fields on the template are mandatory Creditors should ask their banks to check the mandate form they would like to use No details of kind of accounts should be added No stamp from the bank Any other info should be separated from the mandatory fields 33Infosession - Febelfin - 07/11/2013

34 4. Lessons learned - The mandate Cancellation of the mandates between the debtor and the creditor (or via the debtor bank if mentioned in the Terms & Conditions) Mandate Core: consumers & non-consumers B2B is optional -> Core mandate can be signed by a Business debtor -> B2B mandate can not be signed by a consumer) B2B is not related to the type of account hold by the debtor but the quality of the client acting as a consumer or non consumer Information Session Febelfin –07/11/2013 34Infosession - Febelfin - 07/11/2013

35 4. Lessons learned - The mandate reference Rulebooks Reference has to be unique with the Creditor ID …subject to interpretation… -> 1 reference is possible for 2 mandates: 1 in core & 1 in B2B -> advice your creditors: no misuse is allowed Best advice: to use 1 unique reference per creditor to avoid any confusion Infosession - Febelfin - 07/11/2013 35

36 4. Lessons learned - Business code BE 98 ZZZ0456810810 Enterprise number (10 pos.) The Business code can be used by the creditor Check digit does not apply to the business code Not part of the creditor ID When Creditor has an Enterprise n°: 36Infosession - Febelfin - 07/11/2013

37 3 LEVELS Group Header « Group header » (FILE) Payment Information 1 Payment Information 2 Payment Information 3 « Payment Information » (BATCH) Transaction Information 1 Transaction Information 2 Transaction Information 3 Transaction Information 4 Transaction Information 5 Transaction Information 6 « Transaction Information » (PAYMENT) 4. Lessons learned - File structure 37Infosession - Febelfin - 07/11/2013

38 Lessons learned/ Advice 38Infosession - Febelfin - 07/11/2013

39 4. Lessons learned - B2B process If customer with European activity, advice on B2B process across Europe Clarification paper will be sent before End 2013 by SPS/EPC 39Infosession - Febelfin - 07/11/2013

40 4. Lessons learned - reason codes AC01Account identifier (IBAN) incorrectIncorrect IBAN AC04Account closed AC06Account blockedAccount blocked (succession /bankrupcy) AC13Invalid Debtor account typeAccount type not allowed for DD AG01 DD forbidden on this account for regulatory reasons Account not allowed for DD for regulatory reasons AG02 Bk operation code specified in the message is not valid for receiver AM05Duplication collectionSame collection has been done in the near past BE05ID of th creditor incorrectCreditor ID incorrect FF01File format incomplete or invalid XML file not duly filled out or correct-syntax error No/incorrect (syntax) mandate info in collection Amendement info is missing MD01No valid mandate No mandate/B2B mandate not yet confirmed Refund unauthorised transaction (13 months) MD02Mandate data missing or incorrectSequence type incorrect 40

41 4. Lessons learned - reason codes MD06Disputed authorized transactionUnconditional refund (Core 8 weeks) MD07Debtor deceased MS02Refusal by the debtorRefusal by the debtor at presentation MS03Reason not specified Limit the use of this code & select more specific one PY01Not routableDebtor bank is not reachable for SDD RC01Bank id (BIC)incorrectBIC is incorrect RR01Regulatory reason RR02Regulatory reason RR03 Regulatory reason SL01Specific service offered by the debtor bank Block mandate/white-black list/max amount/ periodicity Infosession - Febelfin - 07/11/2013 41

42 4. Lessons learned - Refund 45The Debtor Bank’s Reference of the request 48 The Date of sending the request by the Debtor Bank 49 The Name of the Debtor Bank 50 The Debtor Bank contact details 51 The e-mail address or fax number where the copy of the Mandate should be sent to at the Debtor Bank 12 BIC code of the Creditor Bank (optional) 20 The Identification Code of the Scheme 02 The Identifier of the Creditor 03 The name of the Creditor 01 The Unique Mandate Reference 14 The Name of the Debtor 17 The type of Mandate (paper, e-mandate). 42Infosession - Febelfin - 07/11/2013

43 5. Conclusion No choice, the migration is regulatory Banks and customers have to move towards SEPA No SEPA..no business… Migration is hard process but …after migration is not far away…and SEPA will create opportunities for all users ! 43Infosession - Febelfin - 07/11/2013

44 6. Questions? 44Infosession - Febelfin - 07/11/2013

45 SEPA End of Legacy Karel Andries - Belfius

46 Decision Febelfin & CEC Boards (18 & 25/10/2013) (1/2)  The reported migration levels are sufficient to maintain the “end date” of 01/02/2014. The migration time lines related to this date stays confirmed (last date for sending to banks, last date of clearing, last date of settlement).  A technical contingency solution should be in place : this technical contingency solution must allow the Belgian Banking Community to solve potential problems encountered in their bank releases (31/01/2014 and/or 01/02/2014) within an acceptable timeframe.  The measures consists of : The closure of the domestic applications: CEC/STET will use the planned Core(BE) Directory Change release. AP1 – AP6: The Credit Transfers will be closed for National transactions on 26/02/2014 AP2 – AP3: The Dom80 Collections/Reimbursement will be closed on 26/02/2014 AP5: The DOM80 Unpaid will be closed on 01/05/2014 AP1 - AP6The Swiftlike application codes will be closed for “sending” on 26/06 and for “receiving” on 30/06/2014. Based on this, it is strongly recommended to all banks to keep their domestic payment applications open in a passive way (only receiving – no sending) after 01/02/2014. Infosession - Febelfin - 07/11/2013 46

47 Decision Febelfin & CEC Boards (18 & 25/10/2013) (2/2) Any deviation of or problem with the migration rules as of 01/02/2014 by a participant, will be subject of the Operationeel Crisis Committee (CEC/STET) in which all CEC participants are represented.  Despite of the reported migration levels, the banks express their great concern about the “actual migration status” and the ambitious plans/communication of the creditors and the ERP providers to reach the deadline in time. Creditors and ERP Providers have to be aware of the importance of good preparation and planning for realising the migration in time. The migration progress will be monitored very closely. A new evaluation is planned beginning of December 2013, based on the migration status end of November 2013.  A business contingency solution beyond 01/02/2014 is not planned. There is no consensus on end date and communication. Infosession - Febelfin - 07/11/2013 47

48 SEPA End of Legacy Credit Transfer Infosession - Febelfin - 07/11/2013 48

49 Commerciële end date: binnenlandse producten Overzicht: Infosession - Febelfin - 07/11/2013 49 Binnenlands productDatum Communicatie over afschaf binnenlandse productenZo snel mogelijk Eventuele aanpassing algemene voorwaarden, indien expliciet verwezen naar domestieke producten Ten laatste vrijdag 29/11/2013 Laatste uitvoeringsdatum binnenlandse overschrijvingen met memodatum (tenzij dringende verwerking) 30/01/2014 Laatste uitvoeringsdatum binnenlandse periodieke opdrachten (tenzij dringende verwerking) 30/01/2014 Versturen laatste loten met binnenlandse overschrijvingen naar STET 31/01/2014 – 16u Terugstorting (in binnenlands formaat) van binnenlandse overschrijvingen die uitgewisseld zijn voor 31/01/2014 – 16u 05/02/2014 – 16u Annulaties binnenlandse overschrijvingen  Bij negatief antwoord MT195  Bij positief antwoord SCT vanaf 01/02/2014 Binnen redelijke termijn

50 Commerciële end date: clearing loten STET AP1: Niet Dringende Overschrijvingen Infosession - Febelfin - 07/11/2013 50 AardcodesGerelateerd productAlternatief? 0 – 1 – 3 – 5 – 6 – 8 – 9OverschrijvingenSCT / CT closed on 26/02/2014 Z – T (– R)SwiftlikesT: MT103 via EBA Z: MT103 & MT202  Close “sending” 26/06/2014  Close “receiving” on 30/06/2014 X – Y – P – CKaarttransacties-> Afzonderlijke toepassingen AC1 en AC4 – geen einddatum E – FStortingenCash  SCT

51 Commerciële end date: clearing loten STET AP6: Dringende Overschrijvingen Infosession - Febelfin - 07/11/2013 51 AardcodesGerelateerd productAlternatief? Cfr 001 WIntracompanySCT met category purpose INTC IInterbancaire operatieTo be examined by the banks

52 SEPA End of Legacy DOM80 Infosession - Febelfin - 07/11/2013 52

53 End of Legacy DOM80: Tijdslijn Migratie Herinnering : 01.02.2014 is een zaterdag. (1) DOM70 : de acceptatiedatum van de domiciliëringsopdracht door de domiciliebank is de acceptatiedatum van het DOM70 bestand + 14 dagen. (2) De deadline is de datum van afgifte, dus afgifte later met antidatering worden niet meer geaccepteerd. 53 Creditors Datum Ultieme datum acceptatie nieuwe schuldeisers door de banken31.01.2014 Ultieme datum acceptatie wijzigingen schuldeisersgegevens door de banken (schuldeiser wijzigt van bank, wijziging gegevens, …) 31.01.2014 Ultieme datum laatste afgifte door de schuldeiser aan zijn bank (tijdstip bepaald door de “end of day” definitie van iedere bank) 29.01.2014 Ultieme datum laatste afgifte Bank naar CEC/STET (schema cycle 3 in STET - 11.00u)30.01.2014 Datum laatste settlement door CEC/STET31.01.2014 DebtorsDatum Ultieme datum acceptatie afgifte nieuwe mandaten (ongeacht het kanaal : papier, web banking, DOM70(1)) (2) 31.01.2014 Infosession - Febelfin - 07/11/2013

54 DOM80 – phase-out planning Schematisch AP2N0 DOM80 recouvrement 160020DOM8026/02/2014 AP3N1 DOM80 remboursement 150031 DOM80 Reimbursement 26/02/2014 AP5N2DOM80 impayés130052DOM80 Unpaid01/05/2014 STET: 54 Infosession - Febelfin - 07/11/2013

55 Calendar for change of referentiel Infosession - Febelfin - 07/11/2013 55 BerefBerop Swiftlike : Close sending : 26/06/2014Close receiving : 30/06/2014 Calendar for changes not yet published: Proposal => release in July or August 2014

56 Questions? Infosession - Febelfin - 07/11/2013 56

57 Standards Implementation of XML e-standards Infosession - Febelfin - 07/11/2013 57 Geert Van Antwerpen - KBC Bank

58 Agenda 1.Standards general 2.(S)CT 3.SDD 4.Reporting 5.End dates 6.What’s next? Infosession - Febelfin - 07/11/2013 58

59 Standards 59

60 1. Standards - general ISO 20022 > EPC guidelines > Febelfin guidelines Self sufficient BE guidance (EN-FR-NL) compliant with EPC customer-bank guidelines “Additional Optional Service” (AOS) for OGM Baseline: Banks can offer more + support of at least last 2 versions No EPC/Febelfin XSD > hyperlink to general ISO 20022 XSD in chapter 1.4 of each standard http://www.febelfin.be/nl/betaalverkeer/richtlijnen-en- protocollen-bankstandaarden (NL/FR/EN)http://www.febelfin.be/nl/betaalverkeer/richtlijnen-en- protocollen-bankstandaarden Infosession - Febelfin - 07/11/2013 60

61 2. Credit transfers - (S)CT ISO 20022 > pain.001.001.03 Febelfin v2 = EPC v5-v6 compliant Febelfin v3 (> 31/1/2014) = EPC v7 compliant Debtor agent option added : Other > Identification : NOTPROVIDED  Extra integrated: Cross-border non-SEPA  Separate: Circulaire cheques via XML Infosession - Febelfin - 07/11/2013 61

62 3. SEPA Direct debit (SDD) SDD for collection - ISO 20022 pain.008.001.02 SDD for reversal (and request to cancel) - ISO 20022 pain 007.001.02 Febelfin v2 = EPC core v5-v6 / B2B v3-v4 Febelfin v3 (> 31/1/2014) = EPC core v7 / B2B v5 CreditorAgent & DebtorAgent: option added: Other > Identification: NOTPROVIDED Infosession - Febelfin - 07/11/2013 62

63 4. Reporting Statements Coda 2.3 > Structured Message 127 for SDD + SDD R codes table XML statements: ISO 20022 camt.053.001.02 (V1) Payment Status Report Feedback to customer before booking XML: ISO 20022 pain.002.001.03 Optional Infosession - Febelfin - 07/11/2013 63

64 5. End dates > deadlines for acceptance Service/productdeadline for acceptance Standards after deadline Credit Transfer in SEPA in euro CIRI01+51 until 30/1/2014 XML SCT Non-SEPA Credit Transfer no end dateCIRI51 + XML CT Direct DebitDOM80 until 29/1/2014 XML SDD Statements of Accountno end dateCODA + XML statements Infosession - Febelfin - 07/11/2013 64

65 6. What’s next? 65

66 Questions? Infosession - Febelfin - 07/11/2013 66


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