CC2005 Giesecke & Devrient Technologies for Cash Cycles in Different Market Models
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Transcript of CC2005 Giesecke & Devrient Technologies for Cash Cycles in Different Market Models
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8/14/2019 CC2005 Giesecke & Devrient Technologies for Cash Cycles in Different Market Models
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Technologies for Cash Cycles
in different Market Models
Currency Conference
Montreal, Oct. 2005
WOLFRAM SEIDEMANN
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TECHNOLOGIES MATCHING MARKET MODELS
Wolfram Seidemann,
Montreal, October 4th 2005, Currency Conference 2005
Agenda
A Generic Cash Cycle
The Tasks of the Central Bank in the Cash Cycle
Different Styles of Implementation
Requirements to Technical Solutions
Solutions matching the different styles
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TECHNOLOGIES MATCHING MARKET MODELS
Wolfram Seidemann,
Montreal, October 4th 2005, Currency Conference 2005
Quantitative model for analysis and optimization
Consumer
100%
3%
Self-Employed
11%
1%
5%
4%
43%
39%
5%
Vending
Machines
4%
Retail/
Services
82%
Assumptions: 100% corresponds to the number of
banknotes (not value) in circulation in the country. No
consideration of saving quota, net cash outflow nor
possible cashless payment effects.
Recycler
0%
Cash-In
1%
Teller
8%
Night deposit
44%
CIT
47%
Cash Acceptance
44%
Branch Back
Office
53%
Comm. Cash
Center
97%
47%
1% 70%
30%
8%
27%50%
Cash Center
CB
70%
Cash Processing
ATM
70%
Teller
30%
Consumer
100%
Cash-Out
EXAMPLE
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TECHNOLOGIES MATCHING MARKET MODELS
Wolfram Seidemann,
Montreal, October 4th 2005, Currency Conference 2005
Central Bank targets in the cash cycle
Banknote availability to meet the
demand of cash under all circumstances(incl. provision for crisis)
Clean notes in circulation
Counterfeit prevention and detectionIntegrityIntegrity
Quality /
Image
Quality /
Image
EfficiencyEfficiency
Besides Macro-Economic Responsibilities:
result in the policy for processing.
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TECHNOLOGIES MATCHING MARKET MODELS
Wolfram Seidemann,
Montreal, October 4th 2005, Currency Conference 2005
Policy for
authentication and
fitness standards
Policy for
authentication and
fitness standards
Image
General CB policy
Culture
Public acceptance
Global currency?
Demand for cash
Regional specialties
Availability
Public mindset Alternative payment systems
Seasonal differences
Crisis prevention
Cost + Risk Manufacturing
Handling / Processing
Transportation
Infrastructure
Regional specialties
Density of CCs, ATMs
Regional partners
Multiple factors determine the Policy
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9/19
TECHNOLOGIES MATCHING MARKET MODELS
Wolfram Seidemann,
Montreal, October 4th 2005, Currency Conference 2005
Agenda
A Generic Cash Cycle
The Tasks of the Central Bank in the Cash Cycle Different Styles of Implementation
Requirements to Technical Solutions
Solutions matching the different styles
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TECHNOLOGIES MATCHING MARKET MODELS
Wolfram Seidemann,
Montreal, October 4th 2005, Currency Conference 2005
banknotes processed
> 2.5 per year
banknotes processed
> 1.0 per year
banknotes processed
< 1.0 per year
Processing rate of circulated notes in different styles
3
5
Unfit Rate10% 50%
ReturnFrequ
ency[1/year]
20% 30% 40%
4
2
1
60% 70% 80% 90% 100%
Source:
G&D study, 2003 -2005
Delegated style
Involved style
Controlled
style
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TECHNOLOGIES MATCHING MARKET MODELS
Wolfram Seidemann,
Montreal, October 4th 2005, Currency Conference 2005
Agenda
A Generic Cash Cycle
The Tasks of the Central Bank in the Cash Cycle
Different Styles of Implementation
Requirements to Technical Solutions
Solutions matching the different styles
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13/19
TECHNOLOGIES MATCHING MARKET MODELS
Wolfram Seidemann,
Montreal, October 4th 2005, Currency Conference 2005
Central bank CIT companiesCommercial banks
Commercial banks Retailers
Printing
plant
Cash
center
Cash
center
Counter/
Self-service
Cash
register
Cash
center
Common understanding of definitions with all players
Setting of standards (e.g. definition for Fit / Unfit / ATM-fit),
simple and enforceable rules and regulations.
Recirculation?
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TECHNOLOGIES MATCHING MARKET MODELS
Wolfram Seidemann,
Montreal, October 4th 2005, Currency Conference 2005
Central bank CIT companiesCommercial banks
Commercial banks Retailers
Printing
plant
Cash
center
Cash
center
Counter/
Self-service
Cash
register
Cash
center
Consistent Sensor Technology
Fitness criteria determined in production quality control,
Qualified equipment at all level (eg. ECB recycling framework)
Recirculation?
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TECHNOLOGIES MATCHING MARKET MODELS
Wolfram Seidemann,
Montreal, October 4th 2005, Currency Conference 2005
Agenda
A Generic Cash Cycle
The Tasks of the Central Bank in the Cash Cycle
Different Styles of Implementation
Requirements to Technical Solutions
Solutions matching the different styles
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17/19
TECHNOLOGIES MATCHING MARKET MODELS
Wolfram Seidemann,
Montreal, October 4th 2005, Currency Conference 2005
Different models require different technical solutions
Central Hubs Distributed networks
Production environment,High volume
Efficiency,
System performance
Cash center software systems
Network environment,
Lower volumes, distributed capacity
Coordination,
Management Information Systems
Supply chain management
For different styles, different technology will drive efficiency
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TECHNOLOGIES MATCHING MARKET MODELS
Wolfram Seidemann,
Montreal, October 4th 2005, Currency Conference 2005
Giesecke & Devrient Group Worldwide
JohannesburgSao Paulo
Sao Paulo
Mexico City
Toronto
Dulles
Twinsburg
Ottawa
Munich/Gmund
Leipzig
Vienna
St. Petersburg
Moscow
Singapore
Istanbul
Cairo
Athens
Barcelona
Zaventem
Lagos
Johannesbourg
Dubai
Luxembourg
Knoxfield
Sevenoaks
Lisbon
Peking
Wuhan
Hong Kong
Huangshi
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Nanchang
Shenzhen
Buenos Aires
New Dehli
Kuala Lumpur
Casablanca