SEPA : Plus que 85 jours pour finaliser la migration ! Nog maar 85 dagen voor de finalisatie van de...

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


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


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

01/02/2014

7

Migration


8

Migration SCT - En Europe et en Belgique


-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


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


0%

10%

20%

30%

40%

50%

60%

70%

80%

90%

100%100.00%

Mandats de domiciliation belges

# Créanciers

% M

and

ats

11

Communication


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


14

Questions


“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• ….


SCT Migration statistics


-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


http://www.nbb.be/doc/ts/Products/PaymentSystems/SEPA/FAQ_Nl.pdf

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_Fr.pdf

http://www.nbb.be/doc/ts/Products/PaymentSystems/SEPA/FAQ_En.pdf

http://www.nbb.be/doc/ts/Products/PaymentSystems/SEPA/FAQ_En.pdf

Questions?


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?


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


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


http://www.ecb.europa.eu/paym/sepa/about/countries/html/index.en.html

http://www.ecb.europa.eu/paym/sepa/about/countries/html/index.en.html

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 ?


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


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


29

4. Lessons learned - Communication

Important to share SEPA knowlege

- Branches !!!- Sales- Implementation- Customer supports- Marketing - …


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


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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)


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4. Lessons learned - Archiving the mandates

Today, only paper mandates are available

Archiving 10 years after last debit


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. 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


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


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°:


3 LEVELSGroup Header « Group header »

(FILE)

Payment Information 1



« Payment Information »

(BATCH)Transaction Information 1

Transaction Information 2





« Transaction Information »

(PAYMENT)

4. Lessons learned - File structure


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


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


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



SL01 Specific service offered by the debtor bank

Block mandate/white-black list/max amount/ periodicity


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).


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 !


6. Questions?


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.


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.


SEPAEnd of Legacy Credit Transfer


Commerciële end date: binnenlandse producten

Overzicht:


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


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


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


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


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:


Calendar for change of referentiel


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?



StandardsImplementation of XML e-standards

Geert Van Antwerpen - KBC Bank


Agenda

1. Standards general

2. (S)CT

3. SDD

4. Reporting

5. End dates

6. What’s next?

Standards

59


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)

http://www.febelfin.be/nl/betaalverkeer/richtlijnen-en-protocollen-bankstandaarden




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


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


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


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?


Questions?

SEPA : Plus que 85 jours pour finaliser la migration ! Nog maar 85 dagen voor de finalisatie van de...

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