SEPA INFORMATION EXCHANGE Transitional Provisions, Additional Optional Services, and other complications for the migration

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1 INTERNATIONAL BANKING ASSOCIATION SEPA INFORMATION EXCHANGE Transitional Provisions, Additional Optional Services, and other complications for the migration July 2013

2 MEMBER & ASSOCIATE BANKS Member Bank Country Group Banco Santander Spain Santander Banco Santander Totta SA Portugal Santander Bank Zachodni Poland Santander HSBC France France HSBC UniCredit Bank AG Germany UniCredit Intesa Sanpaolo SpA Italy Intesa JPMorgan Chase Bank NA North America JPMorgan KBC Bank NV Belgium KBC Nordea Bank Denmark A/S Denmark Nordea Royal Bank of Scotland UK RBS PNC Bank, National Association North America PNC Silicon Valley Bank North America Silicon Valley Bank US Bank National Association North America US Bank Associate Member Bank Country Group Santander Mexico Mexico Santander Santander Chile Chile Santander UniCredit Bank Austria AG Austria UniCredit CJSC Unicredit Bank Russia Russia UniCredit Unicredit S.p.A Italy UniCredit Unicredit Tiriac Bank Romania UniCredit Banka Koper Slovenia Intesa Sanpaolo Network Banks Italy Intesa Ceskoslovenska obchodni banka, a. s. Czech Republic KBC CIBANK JSC Bulgaria KBC CSOB Slovakia Slovakia KBC K&H Bank Hungary KBC KBC Bank NV Nederland Netherlands KBC Nordea Bank AB (publ) Sweden Sweden Nordea Nordea Bank Finland plc Finland Nordea Nordea Bank Norge ASA Norway Nordea Ulster Bank Ireland RBS

3 INTERNATIONAL BANKING ASSOCIATION SEPA INFORMATION EXCHANGE Our unique global banking network IBOS is an international network which provides local banking services across the globe, through our unique network of many of the biggest banks in the world. Today s global business needs truly global banking. The IBOS international network provides market-leading, comprehensive banking services in your international markets. Contents Austria... 4 Belgium... 7 Bulgaria Czech Republic Finland France Germany Hungary Ireland Italy Netherlands Poland Portugal Romania Slovakia Slovenia Spain IBOS Association Limited Golden Cross House, 8 Duncann Street, London, WC2N 4JF Tel: +44 (0)

4 AUSTRIA Update June 2013 Comments Topics Response Comments GENERAL INFORMATION EU EURO country (/) EU NON-EURO country (/) End date national formats 1. National formats for domestic - Edifact V3 and cross border payments 1. Domestic payments: phased out and cross border payments: Paymul 2. Paper based transactions which could t be fully translated into a Paymul -ATIB (niche product) National migration law (/ and if draft/final) Country specifics niche products (products with less than 10% payments Image data carrier volumes per country) national product with different migration date Paper based transactions which could t be translated into SEPA transactions (ATIB) IBAN-only (national) as per Directive ELV: card related direct debit - electronic DD initiated by means of a payment card at POS IBAN-only (cross border) as per Directive final IBAN-conversion conversion tools offered by the bank conversion tools offered by third party STUZZA, in batch modus for customer master data Out of SEPA scope remaining formats & payment types ELV: card related direct debit - electronic DD initiated by means of a payment card at POS remaining reporting formats SEPA PRODUCTS Specifics regarding the following payment types: tax payments Specific formatting of RI salary payments Tag in category purpose, specific processing government payments Not specific in the current scheme on behalf payments intercompany payments (INTC) Non-SEPA product others or special category purposes Cash payment delivered by postman COT (latest receiving time) (CET) Domestic: 16:00 Cross border: 13:00 AOS (CT related) SDD General information Creditor Identification (CI) The Austrian CI can be obtained via UniCredit Bank Austria AG and is issued by the Austrian Central Bank. The prerequisite for its allocation is for the creditor to have its main residence / office in Austria. A CI issued by the Austrian Central Bank can be used in all SEPA countries. 4 IBOS SEPA Information Exchange

5 mandate migration account generally blocked for SDD debtor profiling Core SDD (D - 5 / D - 2) active passive Core SDD - 1 interchange fees for SDD return fee COT (CET) 13:00 D-6 / D-3 AOS (Core related) B2B SDD active passive interchange fees for SDD return fee COT 13:00 D-2 AOS (B2B related) SEPA FORMATS country specific format STUZZA format, alined with ISO EPC-format supported Under evaluation SEPA CLEARING EBA PARTICIPANT (direct/indirect via ) direct National Clearing House use of same-day cycles for CHANNELS Paper-based via Internet-Banking Retail via Internet-Banking Corporates via PC-Banking Corporates sending XML-payment-files standing Order Forwarding service via centralized hub Via EuropeanGate within UniCredit B2B / CORE Paper-based via Internet-Banking Retail via Internet-Banking Corporates via PC-Banking Corporates sending XML-payment-files Forwarding service via centralized hub Via European Gate within UniCredit IBOS SEPA Information Exchange 5

6 SWIFTNet FIN SWIFTNet FIN (via SCORE / MA-CUG) SCORE and MA-CUG SWIFTNet FileAct SWIFTNet FileAct (via SCORE / MA-CUG) SCORE and MA-CUG Local EB solution (e.g. Isabel, MultiCash, ) Local EB solution ( /, if please mention..) (like Isabel, Multicash, etc) REPORTING CAMT 053 (ISO / end of day) sending Planned for Q receiving from other banks and forwarding via the Planned for Q local EB CAMT 052 (ISO / intra-day) sending Planned for Q receiving from other banks and forwarding via local EB Planned for Q MT940 transaction type codes Planned for Q CAMT 054 (ISO / debit or credit tification file) presenter side / collection side Planned for Q bulking incoming payments Planned for Q r-messages Planned for Q BSB / CAMT 086 (ISO / monthly comissions and fees reporting) BSB / CAMT 086 available pain.002 (error / status reporting message) error-message / pre-settlement inhouse pre-settlement - Clearing-house/debtor bank (pacs.002) ADDITIONAL OPTIONAL SERVICES please describe the adopted additional services (e.g. N/A SEDA for Italy) VALUE ADDED SERVICES Creditor Mandate Management tool emandate conversion of legacy formats to XML client-test-tools STUZZA XML checker 6 IBOS SEPA Information Exchange

7 BELGIUM Update June 2013 Comments Topics Response Comments GENERAL INFORMATION EU EURO country (/) EU NON-EURO country (/) End date national formats 1. National format for domestic direct debits = DOM ( ) 2. National format for credit transfer = CIRI01 (3. Cards) National migration law (/ and if draft/final) final Country specifics niche products (products with less than 10% payments volumes per country) national product with different migration date IBAN-only (national) 31/01/2014 IBAN-only (cross border) 31/01/2016 SDD: KBC Belgium will implement it already on IBAN-conversion conversion tools offered by the bank conversion tools offered by third party Out of SEPA scope remaining formats & payment types cheques, drafts remaining reporting formats MT 940, CODA SEPA PRODUCTS Specifics regarding the following payment types: tax payments salary payments government payments on behalf payments e.g. social secretariats pay on behalf of employers intercompany payments (INTC) others or special category purposes COT (latest receiving time) (CET) 13:30 for file based transactions AOS (CT related) Use of Belgian Structured Reference SDD General information Creditor Identification (CI) Issued by the creditor s bank. Based on enterprise number, Business Entity Identification number or to be created by KBC mandate migration For core SDD; for SDD B2B always new mandates account generally blocked for SDD Account could be blocked on demand debtor profiling Core SDD (D - 5 / D - 2) active passive Core SDD IBOS SEPA Information Exchange IBOS SEPA Information Exchange 7

8 interchange fees for SDD : prohibition on MIF for cross border SDD : prohibition on MIF for national SDD return fee COT (CET) D if delivered before 08:00, at the latest next business day AOS (Core related) B2B SDD active passive interchange fees for SDD return fee COT D if delivered before 08:00, at the latest next business day AOS (B2B related) SEPA FORMATS country specific format EPC-format supported SEPA CLEARING EBA PARTICIPANT (direct/indirect via ) direct National Clearing House use of same-day cycles for CHANNELS Paper-based via Internet-Banking Retail via Internet-Banking Corporates via PC-Banking Corporates Wise, Isabel, KBC O4B, Swift4Corp sending XML-payment-files standing Order Forwarding service via centralized hub B2B / CORE Paper-based via Internet-Banking Retail via Internet-Banking Corporates via PC-Banking Corporates sending XML-payment-files Forwarding service via centralized hub SWIFTNet FIN SWIFTNet FIN (via SCORE / MA-CUG) SCORE and MA-CUG 8 IBOS SEPA Information Exchange IBOS SEPA Information Exchange 8

9 SWIFTNet FileAct SWIFTNet FileAct (via SCORE / MA-CUG) SCORE and MA-CUG Local EB solution (e.g. Isabel, MultiCash, ) Local EB solution ( /, if please mention..) (like Isabel Isabel, Multicash, etc) REPORTING CAMT 053 (ISO / end of day) sending Planned for Q receiving from other banks and forwarding via the local EB CAMT 052 (ISO / intra-day) sending Planned for Q receiving from other banks and forwarding via local EB Planned for 2014 MT940 transaction type codes Planned for Q CAMT 054 (ISO / debit or credit tification file) presenter side / collection side Planned for Q bulking incoming payments Planned for Q r-messages Planned for Q BSB / CAMT 086 (ISO / monthly comissions and fees reporting) BSB / CAMT 086 available pain.002 (error / status reporting message) error-message / pre-settlement inhouse pre-settlement - Clearing-house/debtor bank (pacs.002) ADDITIONAL OPTIONAL SERVICES please describe the adopted additional services (e.g. N/A SEDA for Italy) VALUE ADDED SERVICES Creditor Mandate Management tool emandate Under investigation at national level - ongoing project conversion of legacy formats to XML Via Sentenial client-test-tools XMLtest tool 9 IBOS SEPA Information Exchange IBOS SEPA Information Exchange 9

10 BULGARIA Update June 2013 Comments Topics Response Comments GENERAL INFORMATION EU EURO country (/) EU NON-EURO country (/) End date national formats N/A National migration law (/ and if draft/final) Country specifics niche products (products with less than 10% payments volumes per country) national product with different migration date IBAN-only (national) 01/06/2005 IBAN-only (cross border) 01/06/2005 IBAN-conversion conversion tools offered by the bank conversion tools offered by third party Out of SEPA scope remaining formats & payment types remaining reporting formats SEPA PRODUCTS Specifics regarding the following payment types: tax payments salary payments government payments on behalf payments intercompany payments (INTC) For EURO payments only others or special category purposes COT (latest receiving time) (CET) 15:00 AOS (CT related) SDD General information Creditor Identification (CI) mandate migration account generally blocked for SDD debtor profiling Core SDD (D - 5 / D - 2) active passive Core SDD - 1 interchange fees for SDD return fee COT (CET) AOS (Core related) 10 IBOS SEPA Information Exchange

11 B2B SDD active passive interchange fees for SDD return fee COT 09:45 D-2 AOS (B2B related) SEPA FORMATS Country specific format EPC-format supported SEPA CLEARING EBA PARTICIPANT (direct/indirect via ) indirect National Clearing House use of same-day cycles for CHANNELS Paper-based via Internet-Banking Retail via Internet-Banking Corporates via PC-Banking Corporates N/A sending XML-payment-files standing Order Forwarding service via centralized hub B2B / CORE Paper-based via Internet-Banking Retail via Internet-Banking Corporates via PC-Banking Corporates sending XML-payment-files Forwarding service via centralized hub SWIFTNet FIN SWIFTNet FIN (via SCORE / MA-CUG) MA-CUG SWIFTNet FileAct SWIFTNet FileAct (via SCORE / MA-CUG) MA-CUG IBOS SEPA Information Exchange 11

12 Local EB solution (e.g. Isabel, MultiCash, ) Local EB solution ( /, if please mention..) (like Isabel, Multicash, etc) REPORTING CAMT 053 (ISO / end of day) Sending Receiving from other banks and forwarding via the local EB CAMT 052 (ISO / intra-day) Sending Receiving from other banks and forwarding via the local EB MT940 transaction type codes CAMT 054 (ISO / debit or credit tification file) Presenter side / collection side bulking incoming payments r-messages BSB / CAMT 086 (ISO / monthly comissions and fees reporting) BSB / CAMT 086 available pain.002 (error / status reporting message) error-message / pre-settlement inhouse pre-settlement - Clearing-house/debtor bank (pacs.002) ADDITIONAL OPTIONAL SERVICES please describe the adopted additional services (e.g. SEDA for Italy) N/A VALUE ADDED SERVICES Creditor Mandate Management tool emandate conversion of legacy formats to XML client-test-tools 12 IBOS SEPA Information Exchange

13 CZECH REPUBLIC Update June 2013 Comments Topics Response Comments GENERAL INFORMATION EU EURO country (/) EU NON-EURO country (/) End date national formats National migration law (/ and if draft/final) N/A Country specifics niche products (products with less than 10% payments volumes per country) national product with different migration date IBAN-only (national) IBAN-only (cross border) 31/01/2016 A national migration plan is t yet available, to be expected based on the Regulation 260/2012 IBAN-conversion conversion tools offered by the bank conversion tools offered by third party Out of SEPA scope remaining formats & payment types Local domestic clearing & foreign payments format remaining reporting formats SWIFT - MT9xx SEPA PRODUCTS Specifics regarding the following payment types: tax payments salary payments government payments on behalf payments Via remittance information intercompany payments (INTC) others or special category purposes COT (latest receiving time) (CET) 15:00 AOS (CT related) SDD General information Creditor Identification (CI) Provided by the Czech National Bank mandate migration Domestic direct debits are deminated in CZK account generally blocked for SDD All EURO accounts debtor profiling Core SDD (D - 5 / D - 2) active passive Core SDD - 1 interchange fees for SDD 13 IBOS SEPA Information Exchange IBOS SEPA Information Exchange 13

14 return fee COT (CET) AOS (Core related) B2B SDD active passive interchange fees for SDD return fee COT 18:00 D-2, MultiCash only AOS (B2B related) SEPA FORMATS Country specific format EPC-format supported SEPA CLEARING EBA PARTICIPANT (direct/indirect via ) indirect UCB Austria National Clearing House use of same-day cycles for CHANNELS Paper-based via Internet-Banking Retail via Internet-Banking Corporates via PC-Banking Corporates MultiCash (technical issues in solution), Eltrans possible sending XML-payment-files standing Order Forwarding service via centralized hub via EuropeanGate within UniCredit B2B / CORE Paper-based via Internet-Banking Retail via Internet-Banking Corporates via PC-Banking Corporates MultiCash only sending XML-payment-files Forwarding service via centralized hub SWIFTNet FIN SWIFTNet FIN (via SCORE / MA-CUG) SCORE 14 IBOS SEPA Information Exchange IBOS SEPA Information Exchange 14

15 SWIFTNet FileAct SWIFTNet FileAct (via SCORE / MA-CUG) SCORE Via EuropeanGate Local EB solution (e.g. Isabel, MultiCash, ) Local EB solution ( /, if please mention..) (like Isabel, Multicash, etc) REPORTING CAMT 053 (ISO / end of day) MultiCash (technical issue in solution), Eltrans possible Sending Planned for 2014 Receiving from other banks and forwarding via the local EB CAMT 052 (ISO / intra-day) Sending Planned for 2014 Receiving from other banks and forwarding via the local EB MT940 transaction type codes CAMT 054 (ISO / debit or credit tification file) Presenter side / collection side bulking incoming payments r-messages BSB / CAMT 086 (ISO / monthly comissions and fees reporting) BSB / CAMT 086 available Via EuropeanGate pain.002 (error / status reporting message) error-message / pre-settlement inhouse via EuropeanGate pre-settlement - Clearing-house/debtor bank (pacs.002) via EuropeanGate ADDITIONAL OPTIONAL SERVICES please describe the adopted additional services (e.g. SEDA for Italy) N/A VALUE ADDED SERVICES Creditor Mandate Management tool emandate conversion of legacy formats to XML No immediate plan client-test-tools 15 IBOS SEPA Information Exchange IBOS SEPA Information Exchange 15

16 FINLAND Update June 2013 Comments Topics Response Comments GENERAL INFORMATION EU EURO country (/) EU NON-EURO country (/) End date national formats 10/2011 SDD 02/2014 already 100% migrated. No high-volume predecessor national scheme to SDD National migration law (/ and if draft/final) final Country specifics niche products (products with less than 10% payments volumes per country) national product with different migration date IBAN-only (national) Domestic express payment, but can be made in XML-format IBAN-only (cross border) In Europe IBAN-conversion conversion tools offered by the bank Customer can send file of Finnish BBAN numbers and receive IBAN numbers conversion tools offered by third party Out of SEPA scope remaining formats & payment types SDD creditor services remaining reporting formats SEPA PRODUCTS Specifics regarding the following payment types: tax payments salary payments SALA code government payments on behalf payments intercompany payments (INTC) others or special category purposes Example: STDY - study BECT - ChildBenefit PENS - PensionPayment BENE - Unemployment DisabilityBenefit COT (latest receiving time) (CET) EET 18:30 AOS (CT related) AOS 1 AOS 2 SDD General information Under development Creditor Identification (CI) Depending on mandate type mandate migration for accounts in Nordea in Germany account generally blocked for SDD debtor profiling 16 IBOS SEPA Information Exchange

17 Core SDD (D - 5 / D - 2) active passive For private customers as debtors Core SDD - 1 N/A interchange fees for SDD N/A return fee N/A COT (CET) N/A AOS (Core related) N/A B2B SDD active Under development passive interchange fees for SDD return fee COT N/A AOS (B2B related) N/A SEPA FORMATS Country specific format Pain.001 EPC-format supported SEPA CLEARING EBA PARTICIPANT (direct/indirect via ) direct National Clearing House use of same-day cycles for CHANNELS Paper-based via Internet-Banking Retail via Internet-Banking Corporates via PC-Banking Corporates sending XML-payment-files standing Order Forwarding service via centralized hub B2B / CORE Paper-based via Internet-Banking Retail via Internet-Banking Corporates via PC-Banking Corporates sending XML-payment-files Forwarding service via centralized hub IBOS SEPA Information Exchange 17

18 SWIFTNet FIN SWIFTNet FIN (via SCORE / MA-CUG) SCORE and MA-CUG SWIFTNet FileAct SWIFTNet FileAct (via SCORE / MA-CUG) SCORE and MA-CUG Local EB solution (e.g. Isabel, MultiCash, ) Local EB solution ( /, if please mention..) (like Isabel, Multicash, etc) REPORTING CAMT 053 (ISO / end of day) Sending Receiving from other banks and forwarding via the local EB CAMT 052 (ISO / intra-day) Sending Receiving from other banks and forwarding via the local EB MT940 transaction type codes CAMT 054 (ISO / debit or credit tification file) Presenter side / collection side bulking incoming payments Nordea proprietary and third party EB solution r-messages Local DD returns BSB / CAMT 086 (ISO / monthly comissions and fees reporting) BSB / CAMT 086 available pain.002 (error / status reporting message) error-message / pre-settlement inhouse pre-settlement - Clearing-house/debtor bank (pacs.002) ADDITIONAL OPTIONAL SERVICES please describe the adopted additional services (e.g. SEDA for Italy) VALUE ADDED SERVICES Creditor Mandate Management tool emandate conversion of legacy formats to XML client-test-tools Two pieces of AOS were defined: (1) Tax Payment Date (2) ISO Corporate Reference. AOS1 and AOS2 see EPC. (2) ISO Corporate Reference was later incorporated into the EPC Core Scheme 18 IBOS SEPA Information Exchange

19 FRANCE Update June 2013 Comments Topics Response Comments GENERAL INFORMATION EU EURO country (/) EU NON-EURO country (/) End date national formats National format for domestic payments: CFONB National migration law (/ and if draft/final) final Country specifics niche products (products with less than 10% payments volumes per country) national product with different migration date TIP and Telerèglement IBAN-only (national) 31/01/2014 IBAN-only (cross border) 31/01/2016 IBAN-conversion conversion tools offered by the bank conversion tools offered by third party Out of SEPA scope remaining formats & payment types CFONB160 (for n-sepa eligible as treasury and priority payments in EURO) CFONB160 (LCR and BOR and Telerèglement) CFONB240 (TIP) CFONB320 for cheques CFONB320PI (for n-sepa eligible as cross border payments in currency, treasury payments and priority payments) remaining reporting formats CFONB120 MT940 SEPA PRODUCTS Specifics regarding the following payment types: tax payments salary payments government payments on behalf payments intercompany payments (INTC) others or special category purposes COT (latest receiving time) (CET) 13:00 13:30 ABE STEP2 CSM: 13:00 STET CSM: 13:30 AOS (CT related) From STET CSM - SEPA Credit Transfer Reversal - SEPACOM (for the French Pacific overseas Territories outside the SEPA area) - CAI service (Change Account Information) From EBA CSM - CAI service (Change Account Information) SDD 19 IBOS SEPA Information Exchange IBOS SEPA Information Exchange 19

20 General information Creditor Identification (CI) French Central Bank / Banque de France mandate migration account generally blocked for SDD Account could be blocked on demand debtor profiling Core SDD (D - 5 / D - 2) active passive Core SDD - 1 interchange fees for SDD From onwards, only for SDD R-messages. return fee COT (CET) 11:00 19:00 ABE STEP2 CSM: 11:00 STET CSM: 19:00 AOS (Core related) From STET CSM - SEPACOM (for the French Pacific overseas Territories outside the SEPA area) - Core Direct Debit Cancellation - Core SDD CAI service (Change Account Information) From EBA CSM - Core SDD Request For Cancellation - Core SDD CAI service (Change Account Information) B2B SDD active passive interchange fees for SDD From onwards, only for SDD R-messages. return fee COT 12:00 AOS (B2B related) From STET CSM - B2B Direct Debit Cancellation - B2B SDD CAI service (Change Account Information) From EBA CSM - B2B SDD Request For Cancellation - B2B SDD CAI service (Change Account Information) SEPA FORMATS Country specific format EPC-format supported ISO20022 XML SEPA CLEARING EBA PARTICIPANT (direct/indirect via ) direct National Clearing House STET CSM use of same-day cycles for CHANNELS Paper-based via Internet-Banking Retail 20 IBOS SEPA Information Exchange IBOS SEPA Information Exchange 20

21 via Internet-Banking Corporates via PC-Banking Corporates sending XML-payment-files standing Order Forwarding service via centralized hub B2B / CORE Paper-based via Internet-Banking Retail via Internet-Banking Corporates via PC-Banking Corporates sending XML-payment-files Forwarding service via centralized hub SWIFTNet FIN SWIFTNet FIN (via SCORE / MA-CUG) SWIFTNet FileAct SWIFTNet FileAct (via SCORE / MA-CUG) SCORE and MA-CUG Local EB solution (e.g. Isabel, MultiCash, ) Local EB solution ( /, if please mention..) (like Isabel, Multicash, etc) REPORTING CAMT 053 (ISO / end of day) Sending Via SWIFTNet FileAct Receiving from other banks and forwarding via the local EB CAMT 052 (ISO / intra-day) Sending Receiving from other banks and forwarding via the local EB MT940 transaction type codes CAMT 054 (ISO / debit or credit tification file) Presenter side / collection side bulking incoming payments r-messages BSB / CAMT 086 (ISO / monthly comissions and fees reporting) BSB / CAMT 086 available pain.002 (error / status reporting message) error-message / pre-settlement inhouse pre-settlement - Clearing-house/debtor bank (pacs.002) ADDITIONAL OPTIONAL SERVICES 21 IBOS SEPA Information Exchange IBOS SEPA Information Exchange 21

22 please describe the adopted additional services (e.g. SEDA for Italy) VALUE ADDED SERVICES Creditor Mandate Management tool emandate Provided by STET CSM for payments - SEPA Credit Transfer Reversal - SEPACOM (For French Pacific overseas Territories outside SEPA area) - CAI service (Change Account Information) Provided by STET CSM and for SDD Core & B2B payments - SEPACOM (For French Pacific overseas Territories outside SEPA area) - Core Direct Debit Cancellation - Core SDD CAI service (Change Account Information) Provided by EBA CSM for payments - CAI service (Change Account Information) Provided by EBA CSM and for SDD Core & B2B payments - Core SDD Request For Cancellation - Core SDD CAI service (Change Account Information) conversion of legacy formats to XML Only for client-test-tools 22 IBOS SEPA Information Exchange IBOS SEPA Information Exchange 22

23 GERMANY Update June 2013 Comments Draft Topics Response Comments GENERAL INFORMATION EU EURO country (/) EU NON-EURO country (/) End date national formats 1. National formats like Überweisung, Einzugsermächtigungslastschrift and Abbuchungsauftrag, supporting No end date DTAUS, will be migrated to, respectively SDD 2. National format for foreign payments - DTAZV (out of SEPA scope) National migration law (/ and if draft/final) final Country specifics niche products (products with less than 10% payments volumes per country) national product with different migration date ELV: card related direct debit - electronic DD initiated by means of a payment card at POS IBAN-only (national) 31/01/2014 IBAN-only (cross border) 31/01/2016 IBAN-conversion conversion tools offered by the bank Only for UniCredit accounts conversion tools offered by third party Bankverlag Out of SEPA scope remaining formats & payment types ELV: card related direct debit - electronic DD initiated by means of a payment card at POS, based on DTA (national legacy format) remaining reporting formats MT940 & DTI SEPA PRODUCTS Specifics regarding the following payment types: tax payments Solution via category purpose salary payments Solution via category purpose government payments Solution via category purpose on behalf payments Solution via category purpose intercompany payments (INTC) Solution via category purpose others or special category purposes COT (latest receiving time) (CET) 17:00 AOS (CT related) SDD General information Creditor Identification (CI) Provided online by the German Central Bank via webpage: mandate migration Since Juli 2012 for core SDD account generally blocked for SDD Account could be blocked on demand debtor profiling Core SDD (D - 5 / D - 2) 23 IBOS SEPA Information Exchange IBOS SEPA Information Exchange 23

24 active passive Core SDD - 1 Unicredit Bank AG is supporting D-1 since the 19th of November 2012; an agreement at German Banking Community level is expected for November 2013 interchange fees for SDD return fee There is currently a EURO 3 multilateral interchange fee (MIF) as a return fee / item which the creditor bank must pay to the debtor bank; the fee is passed on to the creditor. The end date for this fee is 31 January 2014, afterwards it is planned to have an Unilateral Fee which is t fixed yet. COT (CET) 12:00 D-6 / D-3/ D-2 (first, recurrent, D-1) AOS (Core related) B2B SDD active passive interchange fees for SDD return fee There is currently a EURO 3 multilateral interchange fee (MIF) as a return fee / item which the creditor bank must pay to the debtor bank; the fee is passed on to the creditor. The end date for this fee is 31 January 2014, afterwards it is planned to have an Unilateral Fee which is t fixed yet. COT 12:00 D-2 AOS (B2B related) SEPA FORMATS country specific format DK format (local German customer bank format, valid for all banks and customers in Germany) EPC-format supported SEPA CLEARING EBA PARTICIPANT (direct/indirect via ) direct National Clearing House German Central Bank use of same-day cycles for CHANNELS Paper-based via Internet-Banking Retail via Internet-Banking Corporates via PC-Banking Corporates sending XML-payment-files standing Order Forwarding service via centralized hub Via EuropeanGate within UniCredit B2B / CORE Paper-based 24 IBOS SEPA Information Exchange IBOS SEPA Information Exchange 24

25 via Internet-Banking Retail via Internet-Banking Corporates via PC-Banking Corporates sending XML-payment-files Forwarding service via centralized hub Via European Gate within UniCredit SWIFTNet FIN SWIFTNet FIN (via SCORE / MA-CUG) SCORE and MA-CUG SWIFTNet FileAct SWIFTNet FileAct (via SCORE / MA-CUG) SCORE and MA-CUG Local EB solution (e.g. Isabel, MultiCash, ) Local EB solution ( /, if please mention..) (like Isabel, Multicash, etc) REPORTING CAMT 053 (ISO / end of day) sending receiving from other banks and forwarding via the local EB CAMT 052 (ISO / intra-day) sending receiving from other banks and forwarding via local EB MT940 transaction type codes CAMT 054 (ISO / debit or credit tification file) presenter side / collection side bulking incoming payments r-messages BSB / CAMT 086 (ISO / monthly comissions and fees reporting) BSB / CAMT 086 available pain.002 (error / status reporting message) error-message / pre-settlement inhouse pre-settlement - Clearing-house/debtor bank (pacs.002) ADDITIONAL OPTIONAL SERVICES please describe the adopted additional services (e.g. N/A SEDA for Italy) VALUE ADDED SERVICES Creditor Mandate Management tool emandate UC ebanking prime, HVB TRXNet, Multicash - all prepared for SEPA conversion of legacy formats to XML In order to support clients to enrich the legacy formats we offer the UC emandate Manager client-test-tools 25 IBOS SEPA Information Exchange Germany IBOS SEPA Information Exchange 25

26 HUNGARY Update June 2013 Comments Topics Response Comments GENERAL INFORMATION EU EURO country (/) EU NON-EURO country (/) End date national formats National migration law (/ and if draft/final) N/A Country specifics niche products (products with less than 10% payments volumes per country) national product with different migration date IBAN-only (national) 31/01/2014 IBAN-only (cross border) 31/01/2016 IBAN-conversion conversion tools offered by the bank conversion tools offered by third party Out of SEPA scope remaining formats & payment types Local currency payments remaining reporting formats SEPA PRODUCTS Specifics regarding the following payment types: tax payments salary payments government payments on behalf payments intercompany payments (INTC) others or special category purposes COT (latest receiving time) (CET) 12:30 AOS (CT related) SDD General information Creditor Identification (CI) Giro Zrt. (giro.hu) mandate migration account generally blocked for SDD debtor profiling Core SDD (D - 5 / D - 2) active passive Core SDD - 1 interchange fees for SDD return fee COT (CET) 12:30 D-5 / D-2 AOS (Core related) 26 IBOS SEPA Information Exchange

27 B2B SDD active passive interchange fees for SDD return fee COT 12:30 D-5 / D - 2 AOS (B2B related) SEPA FORMATS Country specific format For HUF credit transfers there is a based format (HCT) EPC-format supported SEPA CLEARING EBA PARTICIPANT (direct/indirect via ) National Clearing House use of same-day cycles for indirect CHANNELS Paper-based via Internet-Banking Retail via Internet-Banking Corporates via PC-Banking Corporates sending XML-payment-files standing Order Forwarding service via centralized hub B2B / CORE Paper-based via Internet-Banking Retail via Internet-Banking Corporates via PC-Banking Corporates sending XML-payment-files Forwarding service via centralized hub SWIFTNet FIN SWIFTNet FIN (via SCORE / MA-CUG) Only as a Target Location via EuropeanGate SWIFTNet FileAct SWIFTNet FileAct (via SCORE / MA-CUG) Only as a Target Location via EuropeanGate Local EB solution (e.g. Isabel, MultiCash, ) IBOS SEPA Information Exchange 27

28 Local EB solution ( /, if please mention..) (like Isabel, Multicash, etc) REPORTING CAMT 053 (ISO / end of day) All e-banking products (Spectra,SpectraNet,MultiCash) are prepared for Sending Via e-banking Receiving from other banks and forwarding via the local EB CAMT 052 (ISO / intra-day) Sending Receiving from other banks and forwarding via the local EB MT940 transaction type codes CAMT 054 (ISO / debit or credit tification file) Presenter side / collection side bulking incoming payments r-messages BSB / CAMT 086 (ISO / monthly comissions and fees reporting) BSB / CAMT 086 available Only via UniCredit Bank AG who prepares it based on MT940s pain.002 (error / status reporting message) error-message / pre-settlement inhouse In B2B space we can handle error messages pre-settlement - Clearing-house/debtor bank (pacs.002) ADDITIONAL OPTIONAL SERVICES please describe the adopted additional services (e.g. SEDA for Italy) N/A VALUE ADDED SERVICES Creditor Mandate Management tool emandate conversion of legacy formats to XML client-test-tools 28 IBOS SEPA Information Exchange

29 IRELAND Update June 2013 Comments Topics Response Comments GENERAL INFORMATION EU EURO country (/) EU NON-EURO country (/) End date national formats National migration law (/ and if draft/final) final Country specifics niche products (products with less than 10% payments volumes per country) national product with different migration date IBAN-only (national) 31/01/2016 Ireland has applied for a derrogation to continue to use BIC until 2016 IBAN-only (cross border) 31/01/2016 IBAN-conversion conversion tools offered by the bank conversion tools offered by third party Out of SEPA scope remaining formats & payment types remaining reporting formats SEPA PRODUCTS Specifics regarding the following payment types: tax payments salary payments government payments on behalf payments intercompany payments (INTC) others or special category purposes COT (latest receiving time) (CET) AOS (CT related) SDD General information for receiving for sending Ireland will be using the 00 cycle Creditor Identification (CI) Centrally provided by NASO (IPSO for Ireland) mandate migration account generally blocked for SDD debtor profiling Core SDD (D - 5 / D - 2) active passive Core SDD - 1 Irish industry agreement is D - 2 is the latest submission time for recurring DDs interchange fees for SDD return fee 29 IBOS SEPA Information Exchange IBOS SEPA Information Exchange 29

30 COT (CET) D-6 / D-3 (first, recurrent) AOS (Core related) B2B SDD active Ireland is t looking at a B2B service passive interchange fees for SDD return fee COT AOS (B2B related) SEPA FORMATS Country specific format EPC-format supported SEPA CLEARING EBA PARTICIPANT (direct/indirect via ) National Clearing House use of same-day cycles for indirect CHANNELS Paper-based via Internet-Banking Retail via Internet-Banking Corporates via PC-Banking Corporates sending XML-payment-files standing Order Forwarding service via centralized hub B2B / CORE Paper-based Ireland is t looking at B2B service via Internet-Banking Retail via Internet-Banking Corporates via PC-Banking Corporates sending XML-payment-files Forwarding service via centralized hub SWIFTNet FIN SWIFTNet FIN (via SCORE / MA-CUG) SWIFTNet FileAct 30 IBOS SEPA Information Exchange IBOS SEPA Information Exchange 30

31 SWIFTNet FileAct (via SCORE / MA-CUG) Local EB solution (e.g. Isabel, MultiCash, ) Local EB solution ( /, if please mention..) (like Isabel, Multicash, etc) REPORTING CAMT 053 (ISO / end of day) Sending Receiving from other banks and forwarding via the local EB CAMT 052 (ISO / intra-day) Sending Receiving from other banks and forwarding via the local EB MT940 transaction type codes CAMT 054 (ISO / debit or credit tification file) Presenter side / collection side bulking incoming payments r-messages BSB / CAMT 086 (ISO / monthly comissions and fees reporting) BSB / CAMT 086 available pain.002 (error / status reporting message) error-message / pre-settlement inhouse pre-settlement - Clearing-house/debtor bank (pacs.002) Timing still to be confirmed by the national community ADDITIONAL OPTIONAL SERVICES please describe the adopted additional services (e.g. SEDA for Italy) N/A VALUE ADDED SERVICES Creditor Mandate Management tool emandate conversion of legacy formats to XML client-test-tools 31 IBOS SEPA Information Exchange IBOS SEPA Information Exchange 31

32 ITALY Update June 2013 Comments Topics Response Comments GENERAL INFORMATION EU EURO country (/) EU NON-EURO country (/) End date national formats National migration law (/ and if draft/final) Country specifics 1. Wire transfers (Bonifico) used for domestic transactions and salary payments will be dismissed substituted by 2. Foreign credit transfer used when the beneficiary is located outside the SEPA area or when the currency is t EURO is t going to be affected by SEPA migration 3. Tax payments cant be processed via as they are performed via F24 forms 4. Domestic collection scheme RID will be replaced by SDD, while Ri.Ba. is excluded from the migration process but it is under discontinuation risk RID mainly used in B2C, Ri.Ba mainly used in B2B 4. The applicability of existing RID mandates to SDD will start from July 2013 onwards. final niche products (products with less than 10% RID finanziario (financial DD) payments volumes per country) national product with different migration date IBAN-only (national) It is possible to credit/debit local customers' accounts just by using the IBAN, BIC required IBAN-only (cross border) 31/01/2016 IBAN-conversion conversion tools offered by the bank Mandatory IBAN as the only account identifier has already been deployed in Italy since IBAN conversion tools t needed conversion tools offered by third party Mandatory IBAN as the only account identifier has already been deployed in Italy since IBAN conversion tools t needed Out of SEPA scope remaining formats & payment types - RIBA will continue to exist at least until February foreign credit transfers used when the beneficiary is located outside the SEPA area or when the currency is t EURO are t going to be affected by the SEPA migration. - tax payments cant be processed via as they are performed via F24 forms. For domestic direct debit collections, the local RID format with an additional record can be handled until February 2016 in customer-to-bank messages. remaining reporting formats Bank-to-customer messages are formatted according to the standard used for the customer-to-bank route. Therefore, all payment types instructed in CBI standard will be ackwledged and reported in the same CBI format. 32 IBOS SEPA Information Exchange

33 SEPA PRODUCTS Specifics regarding the following payment types: tax payments currently s for amounts > 500 k EURO cant be processed (>500 k EURO transfers will be processed as urgent high value payments aka BIR) s needs to be debited on a current account (cash settlement is t possible) salary payments Solution via category purpose government payments Solution via category purpose on behalf payments Solution via category purpose intercompany payments (INTC) Solution via category purpose others or special category purposes COT (latest receiving time) (CET) 16:00 COT depends on the specific channel contract (UniWeb/TLQ) AOS (CT related) Routing of the - procedure allowed if the payment instructions to be switched are received on a closed account SDD General information Creditor Identification (CI) For the Italian banking community, the creditor identifier is a code made of 23 digits: Digits 1-2: ISO country code for Italy (IT) as the country issuing the creditor identifier. Digits 3-4: check digits calculated in compliance with the MOD (ISO 7064) algorithm Digits 5-7: business code of the creditor, which is particularly needed for companies with more than a branch. It can be customized by the creditor and the standard value is ZZZ. Digits 8-23: national identifier for the creditor, which contains the tax number assigned to the creditor by the Italian Tax Agency. The code is right-aligned, with 5 leading zeroes when the Tax Number is either a temporary Tax Number or a VAT number (both are 11-digits long). mandate migration a new madate is required for B2B SDD. In case of Core SDD scheme, if a RID mandate is already in place, additional mandate is required. account generally blocked for SDD account could be blocked on demand debtor profiling the debtor indicated in the mandate should be the account holder Core SDD (D - 5 / D - 2) active passive Core SDD - 1 interchange fees for SDD return fee COT (CET) COT in terms of hours for presentation of the file are N/A D-6 (first or one-off) D-3 recurring AOS (Core related) The local set of AOS is still under discussion B2B SDD active passive interchange fees for SDD return fee IBOS SEPA Information Exchange 33

34 COT COT in terms of hours for presentation D-2 of the file are N/A AOS (B2B related) Local set of AOS still under discussion SEPA FORMATS Country specific format XML SEPA CBI EPC-format supported SEPA CLEARING EBA PARTICIPANT (direct/indirect via ) direct National Clearing House TARGET2-Banca d Italia BI-COMP use of same-day cycles for Planned for 2013 CHANNELS Paper-based via Internet-Banking Retail via Internet-Banking Corporates via PC-Banking Corporates sending XML-payment-files standing Order Not implemented yet Forwarding service via centralized hub Via EuropeanGate within UniCredit B2B / CORE Paper-based via Internet-Banking Retail Yes, if retail segment includes SME via Internet-Banking Corporates via PC-Banking Corporates Yes, if retail segment includes SME sending XML-payment-files Forwarding service via centralized hub SWIFTNet FIN SWIFTNet FIN (via SCORE / MA-CUG) SCORE and MA-CUG SWIFTNet FileAct SWIFTNet FileAct (via SCORE / MA-CUG) SCORE and MA-CUG Local EB solution (e.g. Isabel, MultiCash, ) Local EB solution ( /, if please mention..) (like Isabel, Multicash, etc) REPORTING CAMT 053 (ISO / end of day) UniWeb - web-based ebanking platform TLQ - client/server application Sending To be released Q IBOS SEPA Information Exchange

35 Receiving from other banks and forwarding via the local EB CAMT 052 (ISO / intra-day) Sending To be released Q Receiving from other banks and forwarding via the local EB MT940 transaction type codes CAMT 054 (ISO / debit or credit tification file) Presenter side / collection side bulking incoming payments r-messages BSB / CAMT 086 (ISO / monthly comissions and fees reporting) BSB / CAMT 086 available To be released Q BSB t available pain.002 (error / status reporting message) error-message / pre-settlement inhouse According to national standards (t ISO) pre-settlement - Clearing-house/debtor bank (pacs.002) ADDITIONAL OPTIONAL SERVICES please describe the adopted additional services (e.g. SEDA for Italy), Italian Banking Association (ABI) currently offers SEDA process for Italian banks only According to national standards (t ISO) - Routing of the - The implementation process of the SEDA service has to be defined. ABI is currently defining the mandate alignment service SEDA which is an AOS for SDD schemes which aims at implementing into SEPA the standard features of the Archives Electronic Alignment (AEA). It will never be mandatory for creditor customers. For this reason, any customer could start processing SEPA DD on the basis of existing RID mandates without using SEDA and, optionally, decide to utilize it later or t at all. VALUE ADDED SERVICES Since SEDA is registered as an AOS, this could be made available to the whole SEPA community but the procedure to exchange electronic flows between a beneficiary and Italian debtors banks through a SEDA provider located in a foreign country has t been defined yet (banks have to be connected to the local clearing house engine). Creditor Mandate Management tool under development emandate the implementation of such service is still under discussion conversion of legacy formats to XML Legacy formats = national formats client-test-tools IBOS SEPA Information Exchange 35

36 NETHERLANDS Update June 2013 Comments Topics Response Comments GENERAL INFORMATION EU EURO country (/) EU NON-EURO country (/) End date national formats 1. National format for domestic payments and domestic direct debits = clieop03 2. National format for foreign payments 1. 01/02/ Phased out 01/02/2014, but only for EURO-deminated payments in the SEPA area = BTL91 National migration law (/ and if draft/final) final Country specifics niche products (products with less than 10% payments volumes per country) national product with different migration date IBAN-only (national) 31/01/2014 IBAN-only (cross border) 31/01/2016 IBAN-conversion conversion tools offered by the bank SDD: KBC Netherlands will implement it already on conversion tools offered by third party Out of SEPA scope remaining formats & payment types cheques remaining reporting formats MT 940 SEPA PRODUCTS Specifics regarding the following payment types: tax payments salary payments government payments on behalf payments intercompany payments (INTC) others or special category purposes COT (latest receiving time) (CET) urgent : 16:30 n-urgent domestic : 15:30 n-urgent x-border : D+1» AOS (CT related) COT will change as of 08/2013 SDD General information Creditor Identification (CI) mandate migration account generally blocked for SDD Specific SDD products: "Overheidsincasso" and "Kansspel incassoéénmalig" Issued by the creditor's bank. Based on the number issued by the Dutch Chamber of Commerce (KVK). For core DD; for B2B always new mandates Account could be blocked on demand 36 IBOS SEPA Information Exchange

37 debtor profiling Core SDD (D - 5 / D - 2) active passive Core SDD - 1 interchange fees for SDD return fee COT (CET) AOS (Core related) D if delivered before 08:00, at the latest next business day B2B SDD active passive interchange fees for SDD return fee COT AOS (B2B related) D if delivered before 08:00, at the latest next business day SEPA FORMATS Country specific format EPC-format supported SEPA CLEARING EBA PARTICIPANT (direct/indirect via ) indirect Via KBC Belgium, both for and SDD National Clearing House with clearing via KBC Belgium use of same-day cycles for CHANNELS Paper-based via Internet-Banking Retail via Internet-Banking Corporates : for urgent payments, D+1 for standard payments Urgent s are processed sameday if received before 15:00 via PC-Banking Corporates Wise, Isabel, KBC O4B, Swift4Corp sending XML-payment-files Equens CPS standing Order Forwarding service via centralized hub B2B / CORE Paper-based via Internet-Banking Retail via Internet-Banking Corporates via PC-Banking Corporates Wise, Isabel, KBC O4B, Swift4Corp IBOS SEPA Information Exchange 37

38 sending XML-payment-files Equens CPS Forwarding service via centralized hub SWIFTNet FIN SWIFTNet FIN (via SCORE / MA-CUG) SCORE and MA-CUG SWIFTNet FileAct SWIFTNet FileAct (via SCORE / MA-CUG) SCORE and MA-CUG Local EB solution (e.g. Isabel, MultiCash, ) Local EB solution ( /, if please mention..) (like Isabel, Multicash, etc) REPORTING CAMT 053 (ISO / end of day) Wise, Isabel, KBC O4B, Equens CPS: all ready for SEPA Sending Planned for Q Receiving from other banks and forwarding via the local EB Planned for 2014 CAMT 052 (ISO / intra-day) Sending Planned for 2014 Receiving from other banks and forwarding via the local EB Planned for 2014 MT940 transaction type codes Planned for August 2013 CAMT 054 (ISO / debit or credit tification file) Presenter side / collection side Under investigation bulking incoming payments Under investigation r-messages Under investigation BSB / CAMT 086 (ISO / monthly comissions and fees reporting) BSB / CAMT 086 available pain.002 (error / status reporting message) error-message / pre-settlement inhouse pre-settlement - Clearing-house/debtor bank (pacs.002) ADDITIONAL OPTIONAL SERVICES please describe the adopted additional services (e.g. SEDA for Italy) N/A VALUE ADDED SERVICES Creditor Mandate Management tool emandate Under investigation at national level - ongoing project conversion of legacy formats to XML Not planned for the time being client-test-tools 38 IBOS SEPA Information Exchange

39 POLAND Update June 2013 Comments Topics Response Comments GENERAL INFORMATION EU EURO country (/) EU NON-EURO country (/) End date national formats 31/10/2016 Only for settlements in EURO National migration law (/ and if draft/final) Country specifics niche products (products with less than 10% payments volumes per country) national product with different migration date IBAN-only (national) N/A IBAN-only (cross border) N/A IBAN-conversion conversion tools offered by the bank conversion tools offered by third party Out of SEPA scope remaining formats & payment types remaining reporting formats SEPA PRODUCTS Specifics regarding the following payment types: tax payments salary payments government payments on behalf payments intercompany payments (INTC) others or special category purposes COT (latest receiving time) (CET) 17:00 AOS (CT related) SDD General information Creditor Identification (CI) mandate migration account generally blocked for SDD debtor profiling Core SDD (D - 5 / D - 2) active passive Core SDD - 1 interchange fees for SDD return fee COT (CET) N/A AOS (Core related) N/A 39 IBOS SEPA Information Exchange IBOS SEPA Information Exchange 39

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