VI Conference Payments and securities settlement systems National bank of Macedonia Ohrid, ...
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VI Conference Payments and securities
settlement systems
National bank of MacedoniaOhrid, 07.2013
KIBS AD Skopje M. Sc. Paunkoski Nikola
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Harmonization with SEPAin Republic of Macedonia
NBRM - VI Conference, Ohrid 2013 - KIBS ad Skopje
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Introduction
NBRM - VI Conference, Ohrid 2013 - KIBS ad Skopje
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The new roles in SEPARegulations
• The EPC (not-for-profit organization ) developed the SEPA payment schemes and frameworks, based on global technical standards made available by international standardization bodies, in close dialogue with the customer community.
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The SEPA Council• The SEPA Council, which brings together representatives
of both the demand and supply sides of the payments market including the EPC, EACHA, was established by the European Commission and the ECB in June 2010.
• Its aim is to promote the realization of an integrated euro retail payments market by ensuring proper stakeholder involvement at a high level and by fostering consensus on the next steps towards the full realization of SEPA.
• The SEPA Council does not replace any existing groups or structures at national or European level.
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SEPA the end of the beginning
• End date is not an option but mandatory by low
• Euro countries in SEPA need to phase out the national credit transfer and direct debit payment instruments by 1 February 2014
• Banks, public authorities and corporates need to migrate to SEPA SCT and SDD
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SEPA the end of the beginning
• Set of documents available• Tools to test• Dedicated customer support• SEPA migration managers in place
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Harmonized European legislation1 accountImproved lifecycle on the value datesEfficient communication1 format1 cannelCross-border product
Migrated opinion on SEPA
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EACHA
NBRM - VI Conference, Ohrid 2013 - KIBS ad Skopje
European association of automated clearing houses • Ready themselves for cross-border processing• Joined forces in forum for cooperation• InteroperabilityInterbank clearing systems have to• Be compliant with the SEPA schemes• Establish technical links to provide interoperability• National CSM to became SEPA compliant• Local partners ensuring smooth SEPA migration
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EACHAEuropean association of automated clearing houses
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EACHA
NBRM - VI Conference, Ohrid 2013 - KIBS ad Skopje
EACHA InteroperabilityFramework 5.0Processing of SEPA Payments
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Non euro countries
Preparing to switchover from national to SEPA payment instruments 31.10.2016.• Wait for end date• Prepare to ensure competitiveness for their
economies
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SEPA in Republic of Macedonia
NBRM - VI Conference, Ohrid 2013 - KIBS ad Skopje
• National council for payment system of Republic of Macedonia – Ministry of finance– NBRM– Association of Banks– Clearing and settlement mechanisms
New strategy of developing of payment system – still looking forward to SEPA
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SEPA in Republic of Macedonia
Implementing SEPA standards while
- Introducing new payment instrument- Changing of existing one
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ProductsClearing and settlement mechanisms • Credit transfer• Direct debit• CardsValue added services• E – invoice, mandate …New technologies • Mobile, internet, fast
payments
NBRM - VI Conference, Ohrid 2013 - KIBS ad Skopje
McDonald`s
• Hamburger• Cheeseburger• Toast
• Fries, Coca Cola,
• McDrive, salads …
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CSMCould it be paid without bank account and payment order?Could one bank provide alone infrastructure for their costumers?
Cooperation in the non-competitive spaceDo what you best know Clearing and settlementKeep close to requirements Licenses Use standards Open access infrastructureLegal clarity and certainty Banks, AccountsManage risks Integrity and customer trustAnswer to challenges Speed, canals, technology, market demandBusiness case for providers Benefits for consumers
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SEPA in Republic of Macedonia
• Harmonization with EU & SEPA in Republic of Macedonia could start with• SEPA like DIRECT DEBIT – national
scheme
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Regulation
• Payment low – few changes• National rulebook for domestic Direct Debit
Specifics and Differences• SEPA Rulebook - Standards and Formats• Guideline for payment instruments
Upgrade
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Direct debit
The SDD Core Scheme allows a biller to collect funds from a payer’s account provided that a signed mandate has been granted by the payer to the biller
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Direct Debit project
• Set of documents available• Tools to test•Dedicated customer support• SEPA migration managers in
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Direct debit Simulator
NBRM - VI Conference, Ohrid 2013 - KIBS ad Skopje
Debtor- overview on Mandate
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Direct debit Simulator
NBRM - VI Conference, Ohrid 2013 - KIBS ad Skopje
Creditor- overview on Pre-notification and Collections
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SDD Simulator
Users:
NBRM - VI Conference, Ohrid 2013 - KIBS ad Skopje
• Web access to SDD Simulator• https://ddsimulator.kibs.mk/
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SDD Simulator what next
NBRM - VI Conference, Ohrid 2013 - KIBS ad Skopje
• Strong support from NBRM• New Strategy for development of payment system
in Republic of Macedonia – NSPS• Preparing for testing of actors solutions for SDD• Coordination with public and governmental bodies• Processing of regulation changes
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Hurry up, there is no end date but business case
Thank you
M. Sc. Nikola Paunkoskitel. 02 3297451
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NBRM - VI Conference, Ohrid 2013 - KIBS ad Skopje
Questions
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