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Migration Payment Traffic Switzerland

"Standard presentation for banks"

The following explanations are intended to support banks while communicating with their customers. They are based on the datasheet available at migration-pt.ch. Status: May 2015

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Agenda

Introduction

Status with regard to credit transfers

Status with regard to payment slips

Status with regard to direct debits

Communication/Contact

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Agenda

Introduction

Status with regard to credit transfers

Status with regard to payment slips

Status with regard to direct debits

Communication/Contact

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The Migration Payment Traffic Switzerland initiative

Who?

SIX Interbank Clearing Ltd as the Swiss financial center's decision body with

regard to payment traffic

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The Migration Payment Traffic Switzerland initiative

What?

The diversity of schemes, standards & formats for credit transfers, payment slips

& direct debits is being harmonized – as much as the processing of interbank

payments & of payments between banks and their customers is concerned.

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The Migration Payment Traffic Switzerland initiative

How?

Interconnected with the Swiss banks & software providers, various working

groups of the financial center are aiming to implement the initiative in order to

reduce & standardize the numbers of payments instruments for an even more

effective, efficient & flexible payments processing.

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The Migration Payment Traffic Switzerland initiative

When?

In 2012, the decision was taken to stop supporting the current schemes,

standards & formats for• credit transfers as of the 2nd quarter 2018 • payment slips as of 1 July 2020

The new schemes, standards & formats are to be introduced for:• credit transfers as of 16 April 2015 • payment slips as of 1 July 2018• direct debits as of 2016

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The Migration Payment Traffic Switzerland initiative

Why?

The initiative was triggered by the creation of the Single Euro Payments Area

(SEPA), which currently consists of 34 European countries – including

Switzerland. In SEPA, the former various national schemes, standards & formats

were replaced by a unified set of instruments for the euro payment traffic.

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Agenda

Introduction

Status with regard to credit transfers

Status with regard to payment slips

Status with regard to direct debits

Communication/Contact

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Status with regard to credit transfers

Today: DTA & EPO

Bank xCustomer y Input software of customer y

Need for adaptation Compulsory use of IBAN

till 2020

Tomorrow: ISO 20022

Input software of customer y

pain.001

pain.002camt.052camt.053camt.054

Bank xCustomer y

Notification of processingAccount status reportAccount statementCredit & debit advice

Payment order

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Agenda

Introduction

Status with regard to credit transfers

Status with regard to payment slips

Status with regard to direct debits

Communication/Contact

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Status with regard to payment slips

Today: red, orange, IPI

Bank xBiller y Input software of customer y

camt.054Payment credit

Need for adaptation

Tomorrow: inpayment slip with data code

Input software of customer y

Bank x

Payment order

Biller y

Forms inventories

Debtors of biller y

Need for communication

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Agenda

Introduction

Status with regard to credit transfers

Status with regard to payment slips

Status with regard to direct debits

Communication/Contact

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Status with regard to direct debits

Today: LSV+/BDD/Debit DirectBiller y Input software

of customer y

Debtor of biller y

Bank x(E-banking,file transfer)

Debit authorization (option 2)

Debit authorization (option 1)

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Direct debit

Status with regard to direct debits

Bank x(E-billing system)

Biller y Input software of customer y

Debtor of biller y

Tomorrow: Direct debit/ e-bill combinedE-bill

Debit authorization

Need for adaptation

Biller y Input software of customer y

Debtor of biller y

PostFinance(E-Finance,file transfer)

Tomorrow: SEPA-compliant direct debit scheme

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Agenda

Introduction

Status with regard to credit transfers

Status with regard to payment slips

Status with regard to direct debits

Communication/Contact

www.migration-pt.ch

Communication/Contact