SEPA in Slovakia. Quick facts. International Bank Account Number (IBAN) IBAN structure. 75 SEPA Country Sheets - Slovakia

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1 SEPA in Slovakia Useful links Slovak Central Bank SEPA Implementation Plan Download the PDF Slovak Banking Association Quick facts International Bank Account Number (IBAN) IBAN structure Slovak IBAN accounts have 24 characters Country code 2 letters Check digit 2 numbers National bank code 4 numbers National bank branch code 6 numbers Slovak national legacy account number 10 numbers Position 1 and 2 Position 3 and 4 Position 5 to 8 Position 9 to 14 Position 15 to 24 SK SEPA Country Sheets - Slovakia

2 IBAN conversion services RBS offers you legacy Slovak account to IBAN conversion services and, if needed, automated enrichment of your payment files, as part of RBS SEPA Accelerator. To learn more about these services please contact your RBS representative. Local payment formats Legacy file formats that can be used until 1 February 2016 HD11 HD32 For batch files with credit transfers within Slovakia For batch files with direct debits within Slovakia By 1 February 2016 you are required to use ISO XML (CGI) files as a replacement for your legacy payment files. Payment instruments: convergence to SEPA Legacy payment instruments Domestic single and batch ACH payment SEPA payment instrument SEPA Credit Transfer (SCT) International Standard Payment in SEPA zone and in euro Legacy collection instruments Domestic Direct Debits SEPA collection instruments SEPA Direct Debit (SDD) Core SDD Business to Business Derogations Derogation Applicable date Applicable Significance for you Translation from BBAN to IBAN Start End Yes As a business client you are required to provide ordering and beneficiary account numbers in IBAN format for all non-urgent euro transactions within the SEPA zone after 1 February Consumers in Slovakia are not obliged to provide IBAN for national transactions, as banks in Slovakia are allowed to offer consumer clients conversion services to IBAN until 1 February SEPA Country Sheets - Slovakia

3 Derogation Applicable date Applicable Significance for you Niche products Start End ISO XML Start End IBAN and BIC Start End Source: European Central Bank No Yes No You are required to use only SEPA payment instruments for all non-urgent euro transactions within the SEPA zone after 1 February You are required to use only ISO XML messages for bulk non-urgent euro payment and collections files within the SEPA zone after 1 February 2016 You are no longer required to provide BIC codes for national SEPA payments and collections after 1 February 2014; IBAN will suffice for identification of your national counterparty. Comparison on legacy and SEPA Credit Transfers Scheme Legacy SEPA Credit Transfer File format HD11 XML Pain Supportive of SCT No Yes Debtor and creditor account details Legacy accounts IBAN accounts and BIC codes Eligible beneficiary Consumer and business in Slovakia Consumer and business, in 32 SEPA countries Delivery timelines for debit on day D D D RBS cut-off time at D* 15h00 CET 12h00 CET (14h00 from September 2013) Book date / value date (when received prior to cut-off time) Debit: D Credit: D+1 Debit: D Credit: D Clearing and settlement National clearing EBA/STEP2 *Cut-off times are applicable for those formats/channels that support legacy scheme in the country. 77 SEPA Country Sheets - Slovakia

4 Additional optional service (AOS) The Slovak Republic has introduced an additional optional service to go with the SEPA Direct Debit product, for the protection of debtors. This AOS enables the debtor to set a maximum amount for each collection, as well as the minimum time interval between two direct debits on the same debtor account. SEPA Direct Debit (SDD) management Creditor Identifier for SDD SEPA Direct Debit Creditor Identifiers have 18 characters Country code 2 letters Check digit 2 numbers Business code (set yourself) 3 letters Creditor ID number 11 numbers Position 1 and 2 Position 3 and 4 Position 5 to 7, default ZZZ Position 8 to 18 SK 12 ZZZ Source: European Payments Council In Slovakia, your SDD Creditor Identifier ( Identifikátor príjemcu ) can be requested from RBS. Comparison of legacy and SDD Scheme Legacy SEPA Direct Debit Core SEPA Direct Debit B-2-B File format HD32 XML Pain XML Pain Supportive of SDD No Yes Yes Debtor and creditor account details Legacy accounts IBAN accounts and BIC codes IBAN accounts and BIC codes Eligible debtors Consumer and business in Slovakia Consumer and business in 32 SEPA countries Business only in 32 SEPA countries Micro enterprises Seen as consumer Mandates Debtor gives direct debit mandate to the debtor bank Creditor holds a paper version Creditor and debtor bank hold a paper version Mandate migration Yes, to Core Yes, from legacy Never, new mandate always required 78 SEPA Country Sheets - Slovakia

5 Scheme Legacy SEPA Direct Debit Core SEPA Direct Debit B-2-B Mandate checks by debtor bank Debtor bank check against set-up mandate Not required Obliged to check every transaction against the mandate, before debiting Frequency One-off and recurring One-off and recurring One-off and recurring Delivery timelines for debit on day D D-4 D-5 for first/one-off D-2 for recurrent/last D-1 RBS cut-off time on delivery day * 17h00 CET 09h00 CET (from June 2013) 09h00 CET (from June 2013) Pre-notification timelines 14 calendar days prior to day D, unless otherwise agreed with debtor 14 calendar days prior to day D, unless otherwise agreed with debtor Refund rights 8 weeks after D (13 months for unauthorised debits) Consumers: 8 weeks after D Businesses: 8 weeks after D (13 months for unauthorised debits) Businesses: none (13 months for unauthorised debits) Returns (by debtor bank) Within 3 months after D From D to D+5 From D to D+2 Reversals (by creditor) On a case by case basis From D to D+5 From D to D+5 Clearing and settlement National clearing EBA STEP2 EBA STEP2 *Cut-off times are applicable for those formats/channels that support legacy scheme in the country. 79 SEPA Country Sheets - Slovakia

6 Reason code usage In case of unsuccessful collection, the R-transaction reason code ISO Rejection Code AM04 (Insufficient Funds) will not be used by Slovak debtor banks; meaning that this code will not be reported when collecting in Slovakia. Code MS03 (Reason not Specified) may be reported instead. Exception handling of legacy Direct Debit collections For legacy collection files initiated prior to the migration end date and resulting in exception (R-transaction) after 1 February 2014, we know that there will be a communication in paper form between debtor bank and creditor bank, followed by settlement using a credit transfer. Mandate management Legacy mandate migration The Slovak direct debit scheme follows debtor mandate flow, meaning that the debtor gives a direct debit mandate to the debtor bank and the debtor bank is responsible for mandate management. As SEPA introduces creditor mandate flow, where the mandate is managed by the creditor, the Slovak banking community and creditors will need to change their processes and responsibilities in order to comply with SEPA mandate management requirements. At the time of writing, no further details are known concerning the exact plan for migration from debtor to creditor mandate flow in Slovakia. Nevertheless, valid legacy direct debit mandates given by debtors before 1 February 2014 will remain valid after this date, and are considered to be SEPA Core mandates. In this context, creditors will need to transform the present mandates (authorisations which are based on validation of the creditor account number, variable symbol, and specific symbol) into SDD mandates with a creditor ID and mandate reference. First SEPA Direct Debit Core Collection Instruction When creating the first submission of a SEPA Direct Debit Core collection based on a valid mandate, you need to use sequence type RCUR. The field for Unique Mandate Reference field should be filled with the Identification Reference you have used in the legacy mandate, if this reference is available. If not, enter NotProvided in the Unique Mandate Reference field. The amendment indicator used in the first SEPA Direct Debit collection file, should reflect default value false. 80 SEPA Country Sheets - Slovakia

7 To facilitate smooth mandate migration, debtor banks in Slovakia will undertake an automated conversion of legacy direct debit authorisations to SEPA Direct Debit mandates to include the following: Creditor Identifier, mandate reference and the sequence type. In the first SEPA Direct Debit after migration, the debtor bank will compare the Creditor Identifier and Unique Mandate Reference in the SEPA Direct Debit collection file with the data in the converted legacy authorisation. Additional mandate requirements Most of the SDD mandate date elements are not present in the Slovak legacy scheme. This is because the Slovak direct debit mandate registered at a debtor bank is based on a different set of elements, such as creditor account number, and a variable symbol and specific symbol which are used as a payment identification to the creditor. Mandate Legacy Fields SDD Fields Unique Mandate Reference Name of the debtor (Identification data used instead) (registered on debtor bank s side) Mandatory Mandatory Address of the debtor Postal code/city of the debtor Debtor s country of residence Debtor s account number IBAN (registered on debtor bank s side) Mandatory The BIC code of the debtor bank Mandatory Creditor company name Mandatory Creditor s identifier Mandatory (Identifikátor príjemcu) Creditor s address street and number Creditor s postal code and city Country of the creditor Type of payment Mandatory 81 SEPA Country Sheets - Slovakia

8 Mandate Legacy Fields SDD Fields Signature place Date and signature(s) Mandatory Additional attributes for information only Debtor identification code Name of the Debtor Reference Party Identification code of the Debtor Reference Party Name of the Creditor Reference Party Identification code of the Creditor Reference Party Underlying contract identifier Contract description RBS offers you translation and enrichment of your legacy mandates to SEPA standards, as well as a full life cycle mandate management tool, as part of RBS SEPA Accelerator. To learn more about these services please contact your RBS representative. 82 SEPA Country Sheets - Slovakia

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