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


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SEPA : Plus que 85 jours pour finaliser la migration ! Nog maar 85 dagen voor de finalisatie van de migratie!. Agenda. Introduction SEPA Credit Transfers SEPA Direct Debits Q&A Coffee break End of legacy CT & dom’80 Standards Q&A. SEPA: Programme Management Office.

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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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Sepa plus que 85 jours pour finaliser la migration nog maar 85 dagen voor de finalisatie van de migratie

SEPA :Plus que 85 jours pour finaliser la migration !

Nog maar 85 dagen voor de finalisatie van de migratie!


Agenda

Agenda

  • Introduction

  • SEPA CreditTransfers

  • SEPA Direct Debits

  • Q&A

  • Coffee break

  • End of legacy CT & dom’80

  • Standards

  • Q&A

Infosession - Febelfin - 07/11/2013


Sepa programme management office

SEPA: Programme Management Office

Axelle Waterkeyn - National Bank of Belgium


End date regulation

End date regulation

Infosession - Febelfin - 07/11/2013


End date regulation 01 02 2014

End date regulation : 01/02/2014

  • Belgian banks did not ask a waiver on the Member State options

Infosession - Febelfin - 07/11/2013


Sepa end date regulation

SEPA - End date regulation

  • End of domestic CT and DD schemes in euro countries as from 01/02/2014

Schemes

Formats

  • Mandatoryuse 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

  • New protection measures for direct debits consumers (white/black list, limit amount, etc.) as from 01/02/2014

Consumer protection

Infosession - Febelfin - 07/11/2013


Migration

Migration

Infosession - Febelfin - 07/11/2013


Migration sct en europe et en belgique

Migration SCT - En Europe et en Belgique

Infosession - Febelfin - 07/11/2013


Migration sdd en europe et en belgique

Migration SDD - En Europe et en Belgique

Infosession - Febelfin - 07/11/2013


Migration sdd cr anciers

Migration SDD - Créanciers

Infosession - Febelfin - 07/11/2013


Communication

Communication

Infosession - Febelfin - 07/11/2013


Sepa plus que 85 jours pour finaliser la migration nog maar 85 dagen voor de finalisatie van de migratie

  • Actions de communication BNB

  • (octobre2013 – février 2014)

  • 01/10/2013Réunion d'informationEntreprises (Febelfin-Isabel-BNB)

  • 17/10/2013Dépliant et Affiche SEPA (SPF Finances)

  • 24/10/2013Conférence de presse

  • (SPF Finances-SPF Economie-Febelfin-BNB)

  • 07/11/2013Réunion d'information banques (Febelfin)

  • 14/11/2013Réunion d'information ERP (Febelfin-Agoria-BNB)

  • DécembreSessions d'info ad hoc

  • JanvierSessions d'info ad hoc

SEPA

  • 01/02/2014

Infosession - Febelfin - 07/11/2013


Conclusions

Conclusions

  • SEPA entame sa dernièrelignedroite

  • Chacundoitavoirmigré, au plus tard, le01/02/2014

  • Les banquesdoiventaccompagnerleursclients et les encourager à entamerleursdéveloppements

  • L'accentdoitêtreportésur les petites et moyennes entreprises

Infosession - Febelfin - 07/11/2013


Questions

Questions

Infosession - Febelfin - 07/11/2013


Sepa credit transfers what s new gilles swinnen bnp paribas fortis

“SEPA Credit TransfersWhat’s New? ”Gilles Swinnen - BNP Paribas Fortis

Infosession - Febelfin - 07/11/2013


Agenda1

Agenda

  • Statistics

  • Market Status and next steps End Date Regulation

  • EPC -- SCT Rulebook Releases

    • 2014

    • ….

Infosession - Febelfin - 07/11/2013


Sct migration statistics

SCT Migration statistics

Infosession - Febelfin - 07/11/2013


Sct migration project

SCT Migration Project

  • January 2008 : SCT Start – up

  • October 2011: End of Legacy Paper Acceptance (BE)

  • 2011 – 2013: Communication campaign Febelfin / NBB

  • End Date : 01/02/2014

  • 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

25% to go

18

Infosession - Febelfin - 07/11/2013


Epc sct rulebook releases

EPC - SCT Rulebook Releases

  • Feb 2014

  • Clarifications:

    • Additional text to align Rulebook with End Date Regulation text

  • Changes:

    • 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


Other

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


Sepa plus que 85 jours pour finaliser la migration nog maar 85 dagen voor de finalisatie van de migratie

  • Questions?

Infosession - Febelfin - 07/11/2013


Sepa the last countdown

SEPA…the last countdown…

Begoña Blanco Sánchez

Head of Product Management Payments

ING Belgium


Agenda2

PSD 2

Status at European level

End date Regulation

Lessons learned

Conclusion

Questions?

Agenda

Infosession - Febelfin - 07/11/2013


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 toclarifyand complete PSD 1

1. PSD 2

Infosession - Febelfin - 07/11/2013


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

2. Status at European level (EPC)

Infosession - Febelfin - 07/11/2013


2 status at european level

E-mandates

Survey At EPC

Conclusion ?

Febelfin workgroup

Core 1

Spain, Austria, Germany in 2013 & 2014

FixedAmountscheme

EPC has requested a list of activitiesthatcouldbeoptfor FA

Who’sallowedtouse the FA scheme ? (code of conduct ?)

Whataboutfixedamount ?

How tointerpreteit ? Impact of the PSD 2 ?

2. Status at European level

Infosession - Febelfin - 07/11/2013


3 end date regulation

Protection of the consumers

Banks have to offer (= obligation) :

Maximum amount

Periodicity

Black list

White list

MandatoryforCore

Pleaseinformcustomersnottoaddperiodicity or amount in the mandates

Onlyfordebtorbanks

3. End Date regulation

Infosession - Febelfin - 07/11/2013


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

3. End Date regulation - Interchange Fees

Infosession - Febelfin - 07/11/2013


4 lessons learned communication

4. Lessonslearned - Communication

Important to share SEPA knowlege

Branches !!!

Sales

Implementation

Customer supports

Marketing

Infosession - Febelfin - 07/11/2013


4 lessons learned d atabase nbb

4. Lessonslearned - Database NBB

As per 01/02/2014, database willprovidestatic data availablefor the customerswhowilluse the DOM reference later on

No amendment on the DOM 80 mandatesafter the End date

-> new mandate is required

2 steps to close DOM 80

At debtor level

At Creditor level

Infosession - Febelfin - 07/11/2013


4 lessons learned m igration of the mandates

4. Lessonslearned - 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


4 lessons learned a rchiving the mandates

4. Lessonslearned - Archiving the mandates

Today, only paper mandates are available

Archiving 10 years after last debit

Infosession - Febelfin - 07/11/2013


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

4. Lessonslearned - The mandate

Infosession - Febelfin - 07/11/2013


4 lessons learned the mandate1

Cancellation of the mandatesbetween the debtor and the creditor (or via the debtor bank ifmentioned in the Terms & Conditions)

MandateCore: consumers & non-consumers

B2B is optional

-> Coremandatecanbesignedby a Business debtor

-> B2B mandatecannotbesignedby a consumer)

B2B is notrelatedto the type of account holdby the debtor but the quality of the clientacting as a consumer or non consumer

4. Lessonslearned - The mandate

Infosession - Febelfin - 07/11/2013

Information Session Febelfin –07/11/2013


4 lessons learned the mandate reference

4. Lessonslearned - The mandatereference

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


4 lessons learned business code

4. Lessons learned - Business code

When Creditor has an Enterprise n°:

98

BE

ZZZ

0456810810

  • 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

Infosession - Febelfin - 07/11/2013


Sepa plus que 85 jours pour finaliser la migration nog maar 85 dagen voor de finalisatie van de migratie

3 LEVELS

« Group header » (FILE)

Group Header

Payment Information 1

« Payment Information »(BATCH)

Transaction Information 1

Transaction Information 2

Payment Information 2

Transaction Information 3

Transaction Information 4

Transaction Information 5

« Transaction Information »(PAYMENT)

Payment Information 3

Transaction Information 6

4. Lessonslearned - File structure

Infosession - Febelfin - 07/11/2013


Lessons learned advice

Lessons learned/ Advice

Infosession - Febelfin - 07/11/2013


4 lessons learned b2b process

If customer with European activity, advice on B2B processacross Europe

Clarification paper willbe sent before End 2013 by SPS/EPC

4. Lessonslearned - B2B process

Infosession - Febelfin - 07/11/2013


4 lessons learned reason codes

4. Lessonslearned - reason codes


4 lessons learned reason codes1

4. Lessonslearned- reason codes

Infosession - Febelfin - 07/11/2013


4 lessons learned r efund

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).

4. Lessonslearned - Refund

Infosession - Febelfin - 07/11/2013


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 !

5. Conclusion

Infosession - Febelfin - 07/11/2013


6 questions

6. Questions?

Infosession - Febelfin - 07/11/2013


Sepa end of legacy

SEPA End of Legacy

Karel Andries - Belfius


Decision febelfin cec boards 18 25 10 2013 1 2

Decision Febelfin & CEC Boards (18 & 25/10/2013) (1/2)

  • The reportedmigration levels are sufficient to maintain the “end date” of 01/02/2014.

  • The migration time linesrelated to this date staysconfirmed (last date forsending to banks,

  • last date of clearing, last date of settlement).

  • A technicalcontingencysolutionshouldbe in place: thistechnicalcontingencysolution must allow the Belgian Banking Community tosolvepotentialproblemsencountered in their bank releases (31/01/2014 and/or 01/02/2014) withinanacceptable timeframe.

  • The measures consists of :

    The closure of the domesticapplications: CEC/STET willuse the plannedCore(BE) Directory Change release.

    • AP1 – AP6: The Credit Transfers willbeclosedfor National transactions on 26/02/2014

    • AP2 – AP3: The Dom80 Collections/Reimbursementwillbeclosed on 26/02/2014

    • AP5: The DOM80 Unpaidwillbeclosed on 01/05/2014

    • AP1 - AP6The Swiftlikeapplication codes willbeclosedfor “sending” on 26/06 andfor “receiving” on 30/06/2014.

      Based on this, it is stronglyrecommendedtoallbanks to keep theirdomesticpaymentapplications open in a passive way (onlyreceiving – no sending) after 01/02/2014.

Infosession - Febelfin - 07/11/2013


Decision febelfin cec boards 18 25 10 2013 2 2

Decision Febelfin & CEC Boards (18 & 25/10/2013) (2/2)

Anydeviation of or problemwith the migrationrules as of 01/02/2014 by a participant , willbe subject of the Operationeel Crisis Committee (CEC/STET) in whichall CEC participants are represented.

  • Despite of the reportedmigration levels, the banksexpresstheirgreat concern about the “actualmigration status” and the ambitiousplans/communication of the creditorsand the ERP providers to reach the deadline in time.

    Creditors and ERP Providers have to beaware of the importanceof goodpreparation and planning forrealising the migration in time.

    The migrationprogresswillbemonitoredveryclosely. A new evaluation is plannedbeginning of December 2013, based on the migration status end of November 2013.

  • A business contingency solution beyond 01/02/2014 is notplanned. There is no consensus on end date and communication.

Infosession - Febelfin - 07/11/2013


Sepa end of legacy credit transfer

SEPAEnd of Legacy Credit Transfer

Infosession - Febelfin - 07/11/2013


Commerci le end date binnenlandse producten

Commerciële end date: binnenlandse producten

  • Overzicht:

Infosession - Febelfin - 07/11/2013


Commerci le end date clearing loten stet

Commerciële end date: clearing loten STET

  • AP1: Niet Dringende Overschrijvingen

Infosession - Febelfin - 07/11/2013


Commerci le end date clearing loten stet1

Commerciële end date: clearing loten STET

  • AP6: Dringende Overschrijvingen

Infosession - Febelfin - 07/11/2013


Sepa end of legacy dom80

SEPAEnd of Legacy DOM80

Infosession - Febelfin - 07/11/2013


End of legacy dom80 tijdslijn migratie

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.

Infosession - Febelfin - 07/11/2013


Dom80 phase out planning

DOM80 – phase-out planning

  • Schematisch

STET:

Infosession - Febelfin - 07/11/2013


Calendar for change of referentiel

Calendarfor change of referentiel

BerefBerop

Swiftlike :

Close sending : 26/06/2014Close receiving : 30/06/2014

Calendarfor changes notyetpublished:

Proposal => release in July or August 2014

Infosession - Febelfin - 07/11/2013


Questions1

Questions?

Infosession - Febelfin - 07/11/2013


Standards implementation of xml e standards

StandardsImplementationof XML e-standards

Geert Van Antwerpen - KBC Bank

Infosession - Febelfin - 07/11/2013


Agenda3

Agenda

  • Standards general

  • (S)CT

  • SDD

  • Reporting

  • End dates

  • What’s next?

Infosession - Febelfin - 07/11/2013


Standards

Standards


1 standards general

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)

Infosession - Febelfin - 07/11/2013


2 credit transfers s ct

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: Circulairecheques via XML

Infosession - Febelfin - 07/11/2013


3 sepa direct debit sdd

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 corev7 / B2B v5

  • CreditorAgent& DebtorAgent: option added: Other > Identification: NOTPROVIDED

Infosession - Febelfin - 07/11/2013


4 reporting

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 beforebooking

    • XML: ISO 20022 pain.002.001.03

    • Optional

Infosession - Febelfin - 07/11/2013


5 end dates deadlines for acceptance

5. End dates > deadlines foracceptance

Infosession - Febelfin - 07/11/2013


6 what s next

6. What’s next?


Sepa plus que 85 jours pour finaliser la migration nog maar 85 dagen voor de finalisatie van de migratie

  • Questions?

Infosession - Febelfin - 07/11/2013


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