Post on 31-Mar-2015
SEPA :
Plus que 85 jours pour finaliser
la migration !
Nog maar 85 dagen voor de finalisatie van de migratie!
2
Agenda
Infosession - Febelfin - 07/11/2013
• Introduction
• SEPA Credit Transfers
• SEPA Direct Debits
• Q&A
• Coffee break
• End of legacy CT & dom’80
• Standards
• Q&A
SEPA: Programme Management Office
Axelle Waterkeyn - National Bank of Belgium
4
End date regulation
Infosession - Febelfin - 07/11/2013
End date regulation : 01/02/2014
Belgian banks did not ask a waiver
on the Member State optionsInfosession - Febelfin - 07/11/2013 5
SEPA - End date regulation
Schemes
Formats
Consumer
protection
End of domestic CT and DD schemes in euro countries as from 01/02/2014
Mandatory use 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
Infosession - Febelfin - 07/11/20136
New protection measures for direct debits consumers (white/black list, limit amount, etc.) as from
01/02/2014
7
Migration
Infosession - Febelfin - 07/11/2013
8
Migration SCT - En Europe et en Belgique
Infosession - Febelfin - 07/11/2013
-5%0%5%
10%15%20%25%30%35%40%45%50%55%60%65%70%75%80%85%90%95%
100%
1.91%
16.07%
33.33%38.83%
44.71% 45.09%
47.66% 52.30% 58.03%59.80%
61.59% 62.93%
62.97%
65.16%
67.44%
72.64% 73.92%
1.80%
6.20%
13.90%16.86%
20.50% 21.07% 23.71%27.16%
29.57% 30.30%34.86%
40.25%
46.95%
49.98%52.78%
56.26%
CEC
Euro area CSMs
9
Migration SDD - En Europe et en Belgique
Infosession - Febelfin - 07/11/2013
Jul-11 Sep-11 Nov-11 Jan-12 Mar-12 May-12 Jul-12 Sep-12 Nov-12 Jan-13 Mar-13 May-13 Jul-13 Sep-13 Nov-130.00%
10.00%
20.00%
30.00%
40.00%
50.00%
60.00%
70.00%
80.00%
90.00%
100.00%
3.30%
19.48%
12.92%16.35%
11.02%
13.93%
11.10%
15.30%18.93%
21.64%24.41%
25.40%
1.94% 2,51%4.79%
5.81% 6.84%
% Belgium % Europe
10
Migration SDD - Créanciers
Infosession - Febelfin - 07/11/2013
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%100.00%
Mandats de domiciliation belges
# Créanciers
% M
and
ats
11
Communication
Infosession - Febelfin - 07/11/2013
Actions de communication BNB
(octobre 2013 – février 2014)
Infosession - Febelfin - 07/11/2013 12
01/10/2013 Réunion d'information Entreprises (Febelfin-Isabel-BNB)
24/10/2013 Conférence de presse
(SPF Finances-SPF Economie-Febelfin-BNB)
14/11/2013 Réunion d'information ERP (Febelfin-Agoria-BNB)
07/11/2013 Réunion d'information banques (Febelfin)
17/10/2013 Dépliant et Affiche SEPA (SPF Finances)
SEPA
Décembre Sessions d'info ad hoc
Janvier Sessions d'info ad hoc
01/02/2014
13
Conclusions
• SEPA entame sa dernière ligne droite• Chacun doit avoir migré, au plus tard, le 01/02/2014• Les banques doivent accompagner leurs clients et les encourager à
entamer leurs développements• L'accent doit être porté sur les petites et moyennes entreprises
Infosession - Febelfin - 07/11/2013
14
Questions
Infosession - Febelfin - 07/11/2013
“SEPA Credit TransfersWhat’s New? ”
Gilles Swinnen - BNP Paribas Fortis
15Infosession - Febelfin - 07/11/2013
Agenda
1.Statistics
2.Market Status and next steps End Date Regulation
3.EPC -- SCT Rulebook Releases• 2014• ….
16Infosession - Febelfin - 07/11/2013
SCT Migration statistics
17Infosession - Febelfin - 07/11/2013
-5%0%5%
10%15%20%25%30%35%40%45%50%55%60%65%70%75%80%85%90%95%
100%
1.91%
16.07%
33.33%38.83%
44.71% 45.09%
47.66% 52.30% 58.03%59.80%
61.59% 62.93%
62.97%
65.16%
67.44%
72.64% 73.92%
1.80%
6.20%
13.90%16.86%
20.50% 21.07% 23.71%27.16%
29.57% 30.30%34.86%
40.25%
46.95%
49.98%52.78%
56.26%
CEC
Euro area CSMs
SCT Migration Project
1. January 2008 : SCT Start – up
2. October 2011 : End of Legacy Paper Acceptance (BE)
3. 2011 – 2013 : Communication campaign Febelfin / NBB
4. End Date : 01/02/2014
25% to go
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
18Infosession - Febelfin - 07/11/2013 18
EPC - SCT Rulebook ReleasesFeb 2014
• Clarifications:
o Additional text to align Rulebook with End Date Regulation text
• Changes:
o 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)
19Infosession - Febelfin - 07/11/2013 19
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 20
Questions?
Infosession - Febelfin - 07/11/2013 21
SEPA…the last countdown…
Begoña Blanco SánchezHead of Product Management PaymentsING Belgium
Agenda
1. PSD 2
2. Status at European level
3. End date Regulation
4. Lessons learned
5. Conclusion
6. Questions?
23Infosession - 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 to clarify and complete PSD 1
24Infosession - 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 01/02/2014No new rulebook expected in 2014
B2B scheme • Rulebook 5.0 implementation 01/02/2014No 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
25Infosession - Febelfin - 07/11/2013
2. Status at European level
E-mandatesSurvey At EPC Conclusion ?Febelfin workgroup
Core 1Spain, Austria, Germany in 2013 & 2014
Fixed Amount schemeEPC has requested a list of activities that could be opt for FAWho’s allowed to use the FA scheme ? (code of conduct ?)What about fixed amount ? How to interprete it ? Impact of the PSD 2 ?
26Infosession - Febelfin - 07/11/2013
3. End Date regulation
Protection of the consumers
Banks have to offer (= obligation) :
Maximum amount Periodicity Black list White list
Mandatory for Core Please inform customers not to add periodicity or amount
in the mandates Only for debtor banks
27Infosession - 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
28Infosession - Febelfin - 07/11/2013
29
4. Lessons learned - Communication
Important to share SEPA knowlege
- Branches !!!- Sales- Implementation- Customer supports- Marketing - …
Infosession - Febelfin - 07/11/2013
30
4. Lessons learned - Database NBB
As per 01/02/2014, database will provide static data available for the customers who will use the DOM reference later on
No amendment on the DOM 80 mandates after the End date-> new mandate is required
2 steps to close DOM 80
- At debtor level- At Creditor level
Infosession - Febelfin - 07/11/2013
31
4. Lessons learned - 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
32
4. Lessons learned - 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
33Infosession - Febelfin - 07/11/2013
4. Lessons learned - The mandate
Cancellation of the mandates between the debtor and the creditor (or via the debtor bank if mentioned in the Terms & Conditions)
Mandate Core: consumers & non-consumers
B2B is optional -> Core mandate can be signed by a Business debtor-> B2B mandate can not be signed by a consumer)
B2B is not related to the type of account hold by the debtor but the quality of the client acting as a consumer or non consumer
Information Session Febelfin –07/11/2013
34Infosession - Febelfin - 07/11/2013
35
4. Lessons learned - The mandate reference
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
BE 98 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
When Creditor has an Enterprise n°:
36Infosession - Febelfin - 07/11/2013
3 LEVELSGroup Header « Group header »
(FILE)
Payment Information 1
Payment Information 2
Payment Information 3
« Payment Information »
(BATCH)Transaction Information 1
Transaction Information 2
Transaction Information 3
Transaction Information 4
Transaction Information 5
Transaction Information 6
« Transaction Information »
(PAYMENT)
4. Lessons learned - File structure
37Infosession - Febelfin - 07/11/2013
Lessons learned/ Advice
SDD Sequence type sent by the Creditor
Type of R-trx
Before Due Date: Pacs.002 Reject or Request for Cancellation (RFC) Camt.056
After Due Date: Pacs.004 Return/Refund
Next collection with same mandate based on
R-transaction received
First Reject/RFC First
First Return/Refund Recurrent
Recurrent Reject/RFC/Return/Refund Recurrent
Last Reject/RFC Last
Last Return/Refund Mandate expired.
One OFF Reject/RFC One-OFF
One OFF Return/Refund Mandate expired
38Infosession - Febelfin - 07/11/2013
4. Lessons learned - B2B process
If customer with European activity, advice on B2B process across Europe
Clarification paper will be sent before End 2013 by SPS/EPC
39Infosession - Febelfin - 07/11/2013
40
4. Lessons learned - reason codesAC01 Account identifier (IBAN) incorrect Incorrect IBAN
AC04 Account closed Account closed
AC06 Account blocked Account blocked (succession /bankrupcy)
AC13 Invalid Debtor account type Account type not allowed for DD
AG01 DD forbidden on this account for regulatory reasons
Account not allowed for DD for regulatory reasons
AG02 Bk operation code specified in the message is not valid for receiver
Bk operation code specified in the message is not valid for receiver
AM05 Duplication collection Same collection has been done in the near past
BE05 ID of th creditor incorrect Creditor ID incorrect
FF01 File format incomplete or invalid XML file not duly filled out or correct-syntax errorNo/incorrect (syntax) mandate info in collectionAmendement info is missing
MD01 No valid mandate No mandate/B2B mandate not yet confirmedRefund unauthorised transaction (13 months)
MD02 Mandate data missing or incorrect Sequence type incorrect
41
4. Lessons learned - reason codes
MD06 Disputed authorized transaction Unconditional refund (Core 8 weeks)
MD07 Debtor deceased Debtor deceased
MS02 Refusal by the debtor Refusal by the debtor at presentation
MS03 Reason not specified Limit the use of this code & select more specific one
PY01 Not routable Debtor bank is not reachable for SDD
RC01 Bank id (BIC)incorrect BIC is incorrect
RR01 Regulatory reason Regulatory reason
RR02 Regulatory reason Regulatory reason
RR03 Regulatory reason Regulatory reason
SL01 Specific service offered by the debtor bank
Block mandate/white-black list/max amount/ periodicity
Infosession - Febelfin - 07/11/2013
4. Lessons learned - Refund
45 The 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).
42Infosession - 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 !
43Infosession - Febelfin - 07/11/2013
6. Questions?
44Infosession - Febelfin - 07/11/2013
SEPA End of Legacy
Karel Andries - Belfius
Decision Febelfin & CEC Boards (18 & 25/10/2013) (1/2)
The reported migration levels are sufficient to maintain the “end date” of 01/02/2014. The migration time lines related to this date stays confirmed (last date for sending to banks, last date of clearing, last date of settlement).
A technical contingency solution should be in place : this technical contingency solution must allow the Belgian Banking Community to solve potential problems encountered in their bank releases (31/01/2014 and/or 01/02/2014) within an acceptable timeframe.
The measures consists of :
The closure of the domestic applications: CEC/STET will use the planned Core(BE) Directory Change release. • AP1 – AP6: The Credit Transfers will be closed for National transactions on 26/02/2014• AP2 – AP3: The Dom80 Collections/Reimbursement will be closed on 26/02/2014• AP5: The DOM80 Unpaid will be closed on 01/05/2014 • AP1 - AP6 The Swiftlike application codes will be closed for “sending” on 26/06 and for “receiving”
on 30/06/2014.
Based on this, it is strongly recommended to all banks to keep their domestic payment applications open in a passive way (only receiving – no sending) after 01/02/2014.
Infosession - Febelfin - 07/11/2013 46
Decision Febelfin & CEC Boards (18 & 25/10/2013) (2/2)
Any deviation of or problem with the migration rules as of 01/02/2014 by a participant , will be subject of the Operationeel Crisis Committee (CEC/STET) in which all CEC participants are represented.
Despite of the reported migration levels, the banks express their great concern about the “actual migration status” and the ambitious plans/communication of the creditors and the ERP providers to reach the deadline in time.
Creditors and ERP Providers have to be aware of the importance of good preparation and planning for realising the migration in time.
The migration progress will be monitored very closely. A new evaluation is planned beginning of December 2013, based on the migration status end of November 2013.
A business contingency solution beyond 01/02/2014 is not planned. There is no consensus on end date and communication.
Infosession - Febelfin - 07/11/2013 47
SEPAEnd of Legacy Credit Transfer
Infosession - Febelfin - 07/11/201348
Commerciële end date: binnenlandse producten
Overzicht:
Infosession - Febelfin - 07/11/2013 49
Binnenlands product Datum
Communicatie over afschaf binnenlandse producten Zo snel mogelijk
Eventuele aanpassing algemene voorwaarden, indien expliciet verwezen naar domestieke producten
Ten laatste vrijdag 29/11/2013
Laatste uitvoeringsdatum binnenlandse overschrijvingen met memodatum (tenzij dringende verwerking)
30/01/2014
Laatste uitvoeringsdatum binnenlandse periodieke opdrachten (tenzij dringende verwerking)
30/01/2014
Versturen laatste loten met binnenlandse overschrijvingen naar STET
31/01/2014 – 16u
Terugstorting (in binnenlands formaat) van binnenlandse overschrijvingen die uitgewisseld zijn voor 31/01/2014 – 16u
05/02/2014 – 16u
Annulaties binnenlandse overschrijvingen Bij negatief antwoord MT195Bij positief antwoord SCT vanaf 01/02/2014
Binnen redelijke termijn
Commerciële end date: clearing loten STET
• AP1: Niet Dringende Overschrijvingen
Infosession - Febelfin - 07/11/2013 50
Aardcodes Gerelateerd product Alternatief?
0 – 1 – 3 – 5 – 6 – 8 – 9 Overschrijvingen SCT / CT closed on 26/02/2014
Z – T (– R) Swiftlikes T: MT103 via EBAZ: MT103 & MT202 Close “sending” 26/06/2014 Close “receiving” on
30/06/2014
X – Y – P – C Kaarttransacties -> Afzonderlijke toepassingen AC1 en AC4 – geen einddatum
E – F Stortingen Cash SCT
Commerciële end date: clearing loten STET
• AP6: Dringende Overschrijvingen
Infosession - Febelfin - 07/11/2013 51
Aardcodes Gerelateerd product Alternatief?
Cfr 001 Cfr 001 Cfr 001
W Intracompany SCT met category purpose INTC
I Interbancaire operatie To be examined by the banks
SEPAEnd of Legacy DOM80
Infosession - Febelfin - 07/11/201352
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.
53
Creditors Datum
Ultieme datum acceptatie nieuwe schuldeisers door de banken 31.01.2014Ultieme datum acceptatie wijzigingen schuldeisersgegevens door de banken (schuldeiser wijzigt van bank, wijziging gegevens, …)
31.01.2014
Ultieme datum laatste afgifte door de schuldeiser aan zijn bank (tijdstip bepaald door de “end of day” definitie van iedere bank)
29.01.2014
Ultieme datum laatste afgifte Bank naar CEC/STET (schema cycle 3 in STET - 11.00u) 30.01.2014
Datum laatste settlement door CEC/STET 31.01.2014
Debtors DatumUltieme datum acceptatie afgifte nieuwe mandaten (ongeacht het kanaal : papier, web banking, DOM70(1)) (2)
31.01.2014
Infosession - Febelfin - 07/11/2013
DOM80 – phase-out planning
Schematisch
D-xxx D-1 D D+1 D+61 D+xxx-1 D+13mSchuldeiser
InningenTerugbetalingen
Schuldenaar
AP2N0DOM80 recouvrement
16 002 0 DOM80 26/02/2014
AP3N1DOM80 remboursement
15 003 1DOM80 Reimbursement
26/02/2014
AP5N2 DOM80 impayés 13 005 2 DOM80 Unpaid 01/05/2014
STET:
54Infosession - Febelfin - 07/11/2013
Calendar for change of referentiel
Infosession - Febelfin - 07/11/2013 55
Month
February We 08/01/2014 We 05/02/2014 We 12/02/2014
March We 12/02/2014 We 05/03/2014 We 12/03/2014
Deadline for receipt of the
application for directory changes
Files export from theCORE directory
CORE operational date for the
change of versionMonth
February We 22/01/2014 We 19/02/2014 We 26/02/2014
March We 26/02/2014 We 19/03/2014 We 26/03/2014
Deadline for receipt of the
application for directory changes
Files export from theCORE directory
CORE operational date for the
change of version
Beref Berop
Swiftlike :
Close sending : 26/06/2014 Close receiving : 30/06/2014
Calendar for changes not yet published:
Proposal => release in July or August 2014
Questions?
Infosession - Febelfin - 07/11/2013 56
Infosession - Febelfin - 07/11/2013 57
StandardsImplementation of XML e-standards
Geert Van Antwerpen - KBC Bank
58Infosession - Febelfin - 07/11/2013
Agenda
1. Standards general
2. (S)CT
3. SDD
4. Reporting
5. End dates
6. What’s next?
Standards
59
60Infosession - Febelfin - 07/11/2013
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)
61Infosession - Febelfin - 07/11/2013
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: Circulaire cheques via XML
62Infosession - Febelfin - 07/11/2013
3. SEPA Direct debit (SDD)
SDD for collection - ISO 20022 pain.008.001.02SDD 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 core v7 / B2B v5
CreditorAgent & DebtorAgent: option added: Other > Identification: NOTPROVIDED
63Infosession - Febelfin - 07/11/2013
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 before booking
• XML: ISO 20022 pain.002.001.03
• Optional
64Infosession - Febelfin - 07/11/2013
5. End dates > deadlines for acceptance
Service/product deadline for acceptance
Standards after deadline
Credit Transfer in SEPA in euro
CIRI01+51 until 30/1/2014
XML SCT
Non-SEPA Credit Transfer
no end date CIRI51 + XML CT
Direct Debit DOM80 until 29/1/2014
XML SDD
Statements of Account no end date CODA + XML statements
65
6. What’s next?
66Infosession - Febelfin - 07/11/2013
Questions?