SEPA Experiences & Outlook

Transcription

1 SEPA Experiences & Outlook Eurogiro General Customer Meeting Paris Discussion Group 1 Presented by Susanne Cihlar

2 SEPA Experience and Outlook A G E N D A Starting position in Austria National implementation steps SEPA in BAWAG P.S.K. First Experiences Current status Outlook and Expectations Eurogiro General Customer Meeting Discussion Group

3 Starting position in Austria As a Monetary Union Member (MuM) the impact of the SEPA Credit Transfer was seen mostly as a technical one Payments with IBAN, BIC and SHA-option were already regulated by EU-Regulation 2560/01 Pricing at domestic level Criteria SEPA Credit Transfer Criteria EU regulated payment: Payments to and from Switzerland Payments above EUR ,-- xml-format National Format = EDIFACT, bilateral exchange of payments Eurogiro General Customer Meeting Discussion Group

4 National implementation steps SEPA implementation timeline Eurogiro General Customer Meeting Discussion Group

5 National implementation steps Foundation of APC (Austrian Payments Council) within STUZZA (Platform of Austrian banks) under the guidance of Austrian Centralbank: Task of APC is to develop and implement common technical standards for all Austrian banks with the aim to integrate all European standard formats and regulations. APC defined national SEPA-subset to integrate existing national issues (e.g. codes) Eurogiro General Customer Meeting Discussion Group

6 Project SEPA in BAWAG P.S.K. 2006: First analysis of rulebooks Preliminary study for implementation Decision for implementation in 4 phases: ff Preliminary study PHASE 1 Send and receive xml via different channels PHASE 2 Changes in core-bankingsystem PHASE 3 Implementation Direct Debit PHASE 4 Implementation PSD Eurogiro General Customer Meeting Discussion Group

7 Project SEPA in BAWAG P.S.K. Taken decisions for realisation of SEPA Credit Transfer on : Outgoing customer payments (from BAWAG P.S.K. to partner banks or CSM): - Use of EBA Step2 as indirect participant via Austrian Central Bank in a first step - Flexible Routing-tables including conversion of non-xml-payments to xml - If criterias of payment match SEPA-criteria the transmitted format is irrelevant Incoming customer payments (from CSM or partner banks to BAWAG P.S.K.) - Definitions of Rulebook regarding charges only relevant if payment is sent in xml-format (i.e. Charges are not deducted) Charges: Payments not subject to EU-regulation 2560/01 are still priced like cross-border standard payments but as separate debit entry Eurogiro General Customer Meeting Discussion Group

8 Project SEPA in BAWAG P.S.K. SEPA-Projects with Customers: SEPA-consulting since June 2007 Public sector Project start June 2007 Ministry for finance as a pilot for SEPA within Austria Usage of international Standard ISO not SEPA sub-standard as defined by the Rulebooks Implementation of IBAN & BIC in all applications of the public sector = standardisation of electronic payments Tests are going on, going live with SEPA-payments planned for June 2008 Corporate customer as pilot Successful implementation but customer decided not to go live Conclusion: Successful projects and implementations but no live-traffic from customers Eurogiro General Customer Meeting Discussion Group

9 First experiences Use of Eurogiro as a CSM for SEPA payments was planned but ESM versions could not be implemented succesfully Going live on caused no major problems Descrepancies regarding special characters (can be used if bilaterally agreed) were solved within first weeks most institutions use SWIFT characters Intensified checks of german Sparkassen regarding IBAN and BIC caused rejects until better solution no xml-format for that BICs is used Some customer queries regarding charging but argumentation was accepted Customers not eager to change from EDIFACT to xml (at the moment no relevant advantages) Commercial customers started collecting IBANs and BICs from their customers Eurogiro General Customer Meeting Discussion Group

10 Current status In Austria (source APC) Approx. 720 Austrian banks are registered as EPC-Participants Domestic transactions are mainly transported in national formats New form Zahlungsanweisung on will substitute forms for EUregulated payments and domestic payments in near future In BAWAG P.S.K. Project Phase 1 succesfully completed = full SEPA compliance Channels for SEPA payments: EBA Step2 (indirect access via Austrian Central Bank) VOCA (CSM) Not live: Eurogiro Bilateral exchange of xml Eurogiro General Customer Meeting Discussion Group

11 Outlook and expectations National consultation SCT Rulebook 3.2 (PSD + additional fields e.g. ultimate debtor) adoption February 2009 Transformation of PSD in national law as basis for implementation for SDD and PSD Implementation Direct Debit (rollout planned ) Implementation PSD as institutional wide project Soft Migration of national formats (2010+) SEPA Direct Debit as driving argument for customers to migrate to xml Eurogiro General Customer Meeting Discussion Group

12 Summary Wishful thinking: May Austria be as succesful at Euro2008 as it was with first step of SEPA-Implementation PSD DD The next challenges are already waiting Eurogiro General Customer Meeting Discussion Group

13 Questions Thank you for your attention! Questions are welcome! Eurogiro General Customer Meeting Discussion Group