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Global Transaction Banking Deutsche Bank WICHTIGE HINWEISE ZUM ARBEITEN MIT PRÄSENTATIONEN BITTE IMMER ALS PPTX SPEICHERN DRUCKANWEISUNGEN Um richtig zu.

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Presentation on theme: "Global Transaction Banking Deutsche Bank WICHTIGE HINWEISE ZUM ARBEITEN MIT PRÄSENTATIONEN BITTE IMMER ALS PPTX SPEICHERN DRUCKANWEISUNGEN Um richtig zu."— Presentation transcript:

1 Global Transaction Banking Deutsche Bank WICHTIGE HINWEISE ZUM ARBEITEN MIT PRÄSENTATIONEN BITTE IMMER ALS PPTX SPEICHERN DRUCKANWEISUNGEN Um richtig zu drucken, vergewissern Sie sich, dass folgende Druckeinstellungen verwendet werden: — Farbe/Graustufen: Farbe (auch für Schwarzweißdruck) — An Papiergröße anpassen:AKTIVIERT — Ausgeblendete Folien drucken: DEAKTIVIERT ARBEITEN MIT DIAGRAMMEN: BEWÄHRTE PRAKTIKEN Für Diagramme ist MS Graph zu verwenden. Achtung: Es bestehen immer noch Probleme beim Drucken von Graustufen. Mit Diagrammen am besten wie folgt arbeiten: — MS Graph-Objekte vom Rand der Folie kopieren — Diagramme durch Rechtsklick auf das MS Graph-Objekt öffnen und folgendes wählen: Diagramm-Objekt > Öffnen — erforderliche Bearbeitungen vornehmen — MS Graph-Objekt kopieren und als Bild einfügen: Start > Zwischenablage > Einfügen > Inhalte einfügen > Bild (erweiterte Metadatei) — Positionieren Sie das Diagramm auf der Folie und heben Sie die Gruppierung auf (Strg + Umschalt + G). Dies ermöglicht das Drucken von Graustufen. HAFTUNGSAUSSCHLUSS Für Präsentationen ist normalerweise kein Haftungsausschluss erforderlich. Je nach Inhalt/Verwendung der Präsentation kann ein solcher jedoch notwendig sein. Erforderlichenfalls sollten Nutzer sich an die Abteilung Legal/Compliance wenden. Client logo positioning An Overview of SEPA October 2010

2 Global Transaction Banking Deutsche Bank Top-10 in Google.com: —S ingle E uro P ayments A rea —S cottish E nvironment P rotection A gency —S olar E lectric P ower A ssociation —S tate E nvironmental P olicy A ct —S cience E ducation P artnership A ward —S outh E astern P sychological A ssociation :53: DB Blue template 1 Do you really know what SEPA is?

3 Global Transaction Banking Deutsche Bank SEPA Background SEPA Credit Transfer SEPA Direct Debit SEPA Status and Outlook SEPA Benefits

4 Global Transaction Banking Deutsche Bank —Domestic Credit-Transfer and Direct-Debit schemes vary considerably throughout Europe —Example Direct Debit: —Different mandates —Different submission dates —Different cut-off times —Different return timeframes (finality of payment) even post-PSD —Interbank rules vs. local law —Different file formats —No cross-border direct debits —Potentially forced to use different banks in different countries —Cumbersome account reconciliation efforts :53: DB Blue template 3 The European Payments Landscape pre SEPA (1)

5 Global Transaction Banking Deutsche Bank —Domestic Credit-Transfer and Direct-Debit schemes vary considerably throughout Europe —Example Direct Debit: :53: DB Blue template 4 The European Payments Landscape pre SEPA (2) Italy (RID) - Due date - Registration of creditor with Central Bank (SIA) - Debtor bank needs the mandate (mandate check) - CBI RID file format Portugal (EDR) - No due date - Creditor ID has to be registered with SIBS - Debtor bank does not need the mandate (no mandate check) - EDR file format Belgium (DOM’80) - No due date - Registration of creditor by DB with CEC/UVC, which assigns a unique creditor ID - Debtor bank needs the mandate (mandate check) - DOM’80 file format Spain (CSB19) - No due date - No registration of the creditor with central bank - Debtor bank does not need the mandate (no mandate check) - CSB19 file format

6 Global Transaction Banking Deutsche Bank —1999: Introduction of the Euro —2000: EC Financial Services Action Plan —Also known as “Lisbon Agenda” —Comprising 42 measures to create a Single Financial Services Market —2002: Launch of SEPA initiative by the banking sector —European Payments Council (EPC) —2008: First step achieved: launch of the SEPA credit transfer —2009: Second step achieved: launch of the SEPA direct debit :53: DB Blue template 5 Single Euro Payments Area (SEPA): A political Project

7 Global Transaction Banking Deutsche Bank —Instruments and schemes —Credit Transfers (since 28 January 2008) —Direct Debits (since 2 November 2009) —Debit-Card transactions —Phase out of national payment schemes (by 2012/13?) —Market Infrastructure —From various local systems to pan-European clearing houses (PE-ACH’s) —Legal Framework (European Commission) —European Payment Services Directive —Transposition into national law completed in most countries —EU Regulation 924/2009 (formerly 2560/2001) :53: DB Blue template 6 Scope

8 Global Transaction Banking Deutsche Bank :53: DB Blue template 7 Geographic Scope …only € Transactions! EU – Euro Countries (16) Austria, Belgium, Cyprus, Finland, France, Germany, Greece, Ireland, Italy, Luxembourg, Malta, Netherlands, Portugal, Slovenia, Slovakia and Spain EU – Non-Euro Countries (11) Bulgaria, Czech Republic, Denmark, Estonia, Hungary, Latvia, Lithuania, Poland, Romania, Sweden, United Kingdom The European Economic Area Iceland, Liechtenstein, Norway and additionally Switzerland, Monaco, Mayotte and St.Pierre-et- Miquelon

9 Global Transaction Banking Deutsche Bank SEPA Background SEPA Credit Transfer SEPA Direct Debit SEPA Status and Outlook SEPA Benefits

10 Global Transaction Banking Deutsche Bank —Full amount credited to beneficiary – no deductions —Maximum clearing cycle from transaction initiation to credit on the beneficiary account of: —Currently max. 2 days —Max. 1 day from 2012 —Central-bank reporting will continue —Threshold increased to EUR 50k from January 2010 (EU Reg. 924) —Germany remains at EUR12,500 —Not covered by SEPA —Foreign-currency Payments (EU also) —Urgent Payments :53: DB Blue template 9 SEPA Credit Transfer Characteristics

11 Global Transaction Banking Deutsche Bank —IBAN and BIC to replace account number and national bank code —Payment Detail field length: 140 characters —Optional fields for: —Originator reference (end-to-end reference) —Purpose Codes —The orderer bank must pass them on to the beneficiary bank —The beneficiary bank can optionally display them to the beneficiary —Category Purpose Codes —The orderer and/or the beneficiary bank can optionally offer special processing —E.g. bulk vs. individual booking —For on-behalf-of payments —Originator Reference Party —Beneficiary Reference Party :53: DB Blue template 10 SEPA Credit Transfer New Data Elements

12 Global Transaction Banking Deutsche Bank SEPA Background SEPA Credit Transfer SEPA Direct Debit SEPA Status and Outlook SEPA Benefits

13 Global Transaction Banking Deutsche Bank —Direct debit scheme based on a signed mandate —Content is standardised —Language of debtor country —Creditor captures and maintains mandate data —Relevant mandate data are part of every SDD (creditor mandate flow) —Harmonized collection and exception timelines and rules (so-called R-transactions) :53: DB Blue template 12 SEPA Direct Debit Characteristics

14 Global Transaction Banking Deutsche Bank —IBAN & BIC instead of legacy account number & national bank code —Unique mandate number —To be issued by creditor —Country-specific creditor ID —Issuance to be defined per country —Example Germany: via central bank —Mandate date —Likely a fictitious date for existing mandates —Remittance Information (Payment Detail) field length: 140 characters :53: DB Blue template 13 SEPA Direct Debit New Data Elements (1)

15 Global Transaction Banking Deutsche Bank —Mark as B2B or Core SDD —Mark as first or one-off direct debit, or as recurrent direct debit —Optional creditor reference (end-to-end reference) —Optional transaction codes —Purpose Codes —The creditor bank must pass them on to the debtor bank —The debtor bank can optionally display them to the debtor —Category Purpose Codes —The creditor and/or the debtor bank can optionally offer special processing —E.g. bulk vs. individual booking —For on-behalf-of collections —Creditor Reference Party —Debtor Reference Party :53: DB Blue template 14 SEPA Direct Debit New Data Elements (2)

16 Global Transaction Banking Deutsche Bank —Usage —Core SDD: can be used with consumers and companies —B2B SDD: can be used with companies only —Status of micro-enterprises to be determined by country —A micro-enterprise is defined as an enterprise which has less than 10 employees and whose annual turnover or balance sheet is equal or less than 2 million Euro (2003/361/EC) —Return right by debtor —Core SDD: 8 weeks after debit —B2B SDD: no return right after debit :53: DB Blue template 15 SEPA Direct Debit Core vs. B2B Scheme: Main Differences (1)

17 Global Transaction Banking Deutsche Bank —Mandate check by debtor bank —Core SDD: optional —B2B SDD: mandatory —Usage considerations —Acceptance of B2B scheme by debtor/debtor bank —Implications on processes (especially if both schemes are used) :53: DB Blue template 16 SEPA Direct Debit Core vs. B2B Scheme: Main Differences (2)

18 Global Transaction Banking Deutsche Bank :53: DB Blue template 17 SEPA Direct Debit Timelines D:Due date = debtor’s debit date = inter-bank settlement date D-14 CD: Customer pre-notification of amount & due date (unless other timeframe is agreed) D-1 BD: Submission of first, one-off and subsequent SDD D+2 BD: Latest date for bank returns No refund right for debtor D+36 M:Mandate expires 36 months after last SDD submission CD = Calendar Days BD = Business Days W = Weeks M = Months * = optional reduction to D-1 in discussion D:Due date = debtor’s debit date = inter- bank settlement date D-14 CD: Customer pre-notification of amount & due date (unless other timeframe is agreed) D-5 BD:* Submission of first & one-off SDD D-2 BD:*Submission of subsequent SDD D+5 BD: Latest date for bank returns D+8 W:Maximum refund period for debtor for authorized transactions D+13 M:Maximum refund period for debtor for unauthorized transactions D+36 M:Mandate expires 36 months after last SDD submission B2B Direct Debit Core Direct Debit

19 Global Transaction Banking Deutsche Bank :53: DB Blue template 18 SEPA Direct Debit Mandate Sample Core Scheme IBAN & BIC Authorization of the debtor‘s bank in addition to the creditor Mandate Number Additional examples in “EPC Guidelines for the Appearance of Mandates” from : owledge_bank_list.cfm?documents_catego ry=1 and at: ntent_preview.cfm?page=the_sepa_direct_ debit_mandate Creditor ID

20 Global Transaction Banking Deutsche Bank :53: DB Blue template 19 IBAN & BIC Authorization of the debtor‘s bank in addition to the creditor Mandate Number Additional examples in “EPC Guidelines for the Appearance of Mandates” from : owledge_bank_list.cfm?documents_catego ry=1 and at: ntent_preview.cfm?page=the_sepa_direct_ debit_mandate Creditor ID SEPA Direct Debit Mandate Sample B2B Scheme No refund right

21 Global Transaction Banking Deutsche Bank SEPA Background SEPA Credit Transfer SEPA Direct Debit SEPA Status and Outlook SEPA Benefits

22 Global Transaction Banking Deutsche Bank :53: DB Blue template 21 Strategic Benefits Risk Control Cost Reduction SEPA TrendsResult: Increased Centralization Reduction of banking partners/accounts Seamless IT interfaces Elimination of paper Rationalization SWIFT for corporates XML formats SEPA Standardization Centralized Treasury SSC/Payment factories Single ERP Outsourcing Centralization Shared Service Centers Centralization of liquidity regionally (In-house banks) Payment factories/“on behalf of” payments Collection factories via SDD Collections “on behalf of” Local cash management by subs Centralization of liquidity by country

23 Global Transaction Banking Deutsche Bank :53: DB Blue template 22 Account Consolidation SEPA TransactionsSEPA Countries Clients need just one account in Europe for making payments and collections Corporate

24 Global Transaction Banking Deutsche Bank :53: DB Blue template 23 Limitation of Centralization with SEPA Geographic / Currencies (only EUR) Instruments (e.g. checks, Ribas, letters of exchange, etc.) Potentially legal and tax constraints  Corporates still need Banks able to Support them with Local Services throughout Europe SEPA

25 Global Transaction Banking Deutsche Bank SEPA Background SEPA Credit Transfer SEPA Direct Debit SEPA Status and Outlook SEPA Benefits

26 Global Transaction Banking Deutsche Bank —28 January 2008: SEPA Credit Transfer (SCT) went live —More than banks have joined the scheme —Broad reachability achieved (95% of payment volume) —SCT Migration —File conversion by some banks —First clients with “real” XML files —Public sector starts to move —2 November 2009: SEPA Direct Debit (SDD) went live —Some banks have joined the scheme —Only limited reachability achieved (70% of DD volume) —SDD migration expected to start from November :53: DB Blue template 25 Current Status

27 Global Transaction Banking Deutsche Bank —The SCT is not a mass payment instrument yet… :53: DB Blue template 26 SCT Statistics (1) % of European ACH Volumes Source: ECB

28 Global Transaction Banking Deutsche Bank —…but is widely used for cross-border payments :53: DB Blue template 27 SCT Statistics (2) XCT vs SCT Source: EBA * Credit transfers that are in line with the convention on credit transfers in euro of the European banking industry, i.e. retail payments of up to 50,000 euro per transaction.

29 Global Transaction Banking Deutsche Bank —SDD volumes are currently negligible —There are various reason for this… :53: DB Blue template 28 SDD Statistics Number per Day Source: EBA

30 Global Transaction Banking Deutsche Bank 1.End date for existing domestic schemes 2.Reachability of debtor banks 3.Validity of existing mandates 4.Core SDD with D-1 submission deadline 5.Information/education of consumers :53: DB Blue template 29 Dependencies for SCT/SDD Migration

31 Global Transaction Banking Deutsche Bank :53: DB Blue template End Date for existing domestic Schemes Approach of the European Commission —End-date consultation during summer 2009 —Result: majority favors end dates —End 2009 / Beginning 2010: Resolutions by European Parliament and ECOFIN Council ask Commission for end dates —Working paper for regulation of end dates published in June 2010: —Regulation by EU Commission (to be published in September/October 2010) —End date for EUR credit transfers 1 year after entry into force / 2 years for EUR direct debits —4 years for both CTs and DDs for non-Euro countries —But only for EUR-transactions —End-to-end format (ISO 20022) regulation (not just inter-bank) —Niche products (<10 % of total volume of an instrument within a country) can be excluded for 3 years after entry into force —EPC rules not considered – instead definition of so-called “Essential Requirements”

32 Global Transaction Banking Deutsche Bank —Reachability dependent on EPC adherence process and EU Regulation 924/2009 —EPC Adherence Process: —>3.000 banks have joined Core SDD scheme -Of that >2.700 also joined B2B scheme -70% reachability —“Register of Participants”: —EBA routing tables —For comparison: —>4.400 banks have joined SCT scheme —95% reachability :53: DB Blue template Reachability of Debtor Banks (1)

33 Global Transaction Banking Deutsche Bank —Reachability dependent on EPC adherence process and EU Regulation 924/2009 —Regulation 924: —Mandatory reachability for Core SDD for all banks in the Euro-Zone by November 2010 —November 2014 for non-Euro-Zone EEA countries —Optional reachability for B2B SDD remains :53: DB Blue template Reachability of Debtor Banks (2)

34 Global Transaction Banking Deutsche Bank —Continued legal validity for Core SDD ensured for most countries —No solution found yet for Germany —Currently, need to obtain new mandates —Due to recent developments in Germany, a solution is expected :53: DB Blue template Validity of existing Mandates

35 Global Transaction Banking Deutsche Bank —Of interest for certain countries —D-5/D-2 can potentially have negative effects, e.g: —Delayed liquidity —Increased risk —More complicated processes —D-5/D-2 does not make sense for countries where no mandate check occurs —Status: Under discussion as an AOS in e.g. Germany :53: DB Blue template Core SDD with shortened Submission Deadline

36 Global Transaction Banking Deutsche Bank —Currently: —Slow SCT migration —Voluntary SDD adherence process for banks —Until November 2010: —SDD pilots —Mandatory reachability for Core SDD of all banks in the Euro-zone —From November 2010: —Slow SDD migration —201?: —End date for existing domestic instruments —Mass migration to SCT and SDD :53: DB Blue template 35 Expected Migration Scenario Corporate Preparation Analysis Budgeting Planning Implementation End of Project


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