Question 2 - Are you available as a receiver of SEPA Credits (SCT) to 3 rd banks in your country which adhere to the SCT Rulebook?

Transcription

1 Austria BAWAG BAWAG P.S.K. has not yet signed the Adherence Agreement but will sign it within the next months. BAWAG P.S.K. will be SEPA ready beginning with Yes If beneficiary bank is ready to Eurogiro receive xml we send xml-files. If beneficiary bank is not ready to receive xml the payment is converted to national Austrian format (EDIFACT). EBA Step 2 Belgium Financial Post Yes (in progress) No N/A EBA (registration in progress) Eurogiro Bulgaria Finance Engineering No No N/A No reply Bulgaria Bulgarian Post No No N/A We are not a bank, we are only a post. So, we are not linked to domestic CSM s. Internationally, the only CSM s that we will use will be ESSP and USSP related to our participation in the Eurogiro network. Czech Republic C.S.O.B No No N/A EBA STEP 2 (not for SEPA) Denmark Sydbank Yes No N/A Sydbank will be linked to EBA STEP2 SCT as a Direct Participant and will be reachable for SEPA SCT s via EBA STEP2 only.

2 France La Banque Postale Answer is No today but will eventually become yes (before the 14th of December) No N/A CORE, STEP 2 Germany Deutsche Postbank Yes, as for SEPA launch on January 28 th 2008 Yes, Deutsche Postbank will accept such payments from its indirect participants. For other partners processing of such payments is feasible but subject to separate negotiations. As for the launch of SEPA Deutsche Postbank will use EBA STEP2 SCT service for the clearing of 3 rd bank payments. EBA STEP2 SCT Service Eurogiro Germany Deutsche Bank Yes Yes With regards to reachability for Deutsche Bank AG Frankfurt SEPA Payments, we plan to will be a direct participant in reach all countries that are linked EBA STEP2 PE-ACH as of to the EBA STEP2 SEPA January All Deutsche clearing (SCT) as well as our Bank branches, subsidiaries and Financial Institution clients affiliates will indirectly linked to us with regard to SEPA participate through Deutsche services. Countries included Bank AG Frankfurt for all SEPA within the scope are the Eurozone transactions. This decision is in countries of the EU and the EEA accordance with the EPC's open as well as Switzerland, assuming letter dated May 2007, which that all legal requirements are states that adherents to the SEPA solved in January In scheme must be "connected addition, measures have also beendirectly or indirectly to a PE- taken to include any new countries that may join SEPA at a later date. ACH Compliant ACH thereby ensuring that it is reachable by any Scheme Participant in SEPA."

3 Banks in countries that are not Deutsche Bank will not linked to EBA STEP2 SCT for participate in any local any reason and are not customers ("national") CSM (Clearing and of Deutsche Bank can be reached Settlement Mechanism) either by converting payments into non- directly or indirectly for SEPA SEPA (high-value) transactions. clearing. Therefore, we request Reachability for non-sepa that no SEPA payments be transactions is not restricted to delivered via local CSMs to any specific geographic area. We Deutsche Bank branches, will, as the leading EUR clearing subsidiaries and affiliates. Such bank, continue to use the existing SEPA payments must be individual high-value payment delivered via EBA Step2. clearing infrastructure to route Similarly, all of Deutsche Bank's payments directly to the outgoing SEPA payments will be beneficiary bank, if possible, or routed to you via EBA Step2. to use our correspondent banking This approach does not affect network. Deutsche Bank s SEPA in-house transfers or usage of bilateral clearing agreements with other banks. National non-sepa items will continue to be processed in the local ACH systems. FI clients becoming Indirect Participants through Deutsche Bank for the EBA SCT service will settle through their vostro accounts with Deutsche Bank Frankfurt.

4 Through an account with Deutsche Bank, our Swiss clients would have access to Deutsche Bank s SEPA services. With respect to Switzerland SEPA Credit Transfers and Direct Debits, we may add that being able to process these payments requires that all guiding principles of the EPC Resolution Participation of Banks in Switzerland in SEPA Payment Schemes are fulfilled, i.e. that Switzerland needs to ensure that the provisions of applicable EU/EEA legislation affecting payments services enabled by the SEPA Schemes are effectively represented in Swiss law. Individual EU payments i.e. exchanged within the SWIFT FIN environment MT103/MT103+ will be processed in line with today s handling procedures. Greece Hellenic Post No reply

5 Greece EFG Eurobank Yes Yes Through local DIAS SEPA ACH DIAS ACH, STEP2 SCT, EBA EURO1, Target, Hermes Hungary Magyar Posta No No N/A ESSP Iceland Iceland Post No reply Ireland An Post No reply Italy Poste Italiane No reply Italy Banco Popolare di Sondrio Yes Yes We will reach third banks through an EBA step 2 SCT service, through Italy local ACH SEPA compliant, bilateral agreements. Latvia Latvia Post No Yes Latvia Post is indirect member of Latvian payment system and is Luxembourg EPT Luxembourg No, EPT has not signed the EPC Yes SCT rulebook but is willing to do so in the near future. Netherlands ING Bank (1) Not reachable via Eurogiro Network Poland Bank Slaski No reply 3 rd banks will be reached through a bank in Luxembourg EBA (ACH) SECETI (ITALIAN CSM/ACH) EUROGIRO (CSM) Latvia Post is not directly linked to any of Latvian CSM directly, EPT has an indirect link to the local CSM through a luxemburgish Bank Poland Polish Post No No N/A No access to domestic clearing Portugal CTT Correios de Portugal No No N/A N/A Romania Banc Post No reply Romania Posta Romana No reply Slovakia Postova Banka No No N/A Indirect member of EBA Clearing trough our correspondent bank Deutsche Bank

6 Slovenia Postna Banka Slovenije Yes (from ) No N/A Through entry point of Banka Slovenije to EBA clearing system Spain Banco Bilbao Vizcaya Yes,we will sign SCT Adherence Yes Through Spanish ACH as Direct National CSM (IBERPAY) Argentaria Agreement in October Participant EBA Clearing Spain Correos y Telegrafos Do not hold accounts Switzerland PostFinance Not yet, but we will register after Yes Via eurosic (Swiss domestic eurosic, SIC successful testing (before End of EUR clearing system) UK Alliance & Leicester Commercial Bank No No Not applicable None (in relation to SEPA (1) ING/Postbank has replied to the questionnaire. However, as it has been communicated, ING/Postbank will stop sending and receiving payments to and from Eurogiro Network aiming at discontinuing the Eurogiro connection as from January 2008.