Embed Size (px)
Citation preview
127 June 2011
ISO 20022 in Central Bank Projects:
The Deutsche Bundesbank‘s Interbank
SEPA Clearing Services
Dr. Johannes KaiserConception of Retail Payment Services
Payment Systems Policy Division
Moscow, 27 June 2011
Agenda
227 June 2011
❙ Market environment
❙ Operational role of the Deutsche Bundesbank
❙ Guiding principles of the Retail Payment System/SEPA-Clearer
❙ Operations and Service Statistics
Market for Retail Payments in Germany (2009)
Population 81.8 millionPayment Transactions - Credit Transfers 5,815.5 million- Direct Debits 8,424.5 million- Card Payments 2,422.9 millionBank accounts 93.2 millionBanks 1,891
327 June 2011
Structure of the German Banking Sector
427 June 2011
288 institutions
11,496 branches
27.3 mill. customer accounts
441 institutions
13,741 branches
40.7 mill. customer accounts
1,162 institutions
12,155 branches
25.2 mill. customer accounts
Commercial banks
Savings banks and related
Cooperative banks
The Bundesbank‘s Operational Role in Interbank Retail Payments
527 June 2011
❙ Provision of interbank services may ensure efficient and sound payment system❙ No nationwide ACH that covers the whole payments market in Germany❙ Risk of inefficiency in the retail payments market: not every credit institution may
have access to this market❙ Central bank closes this market gap by providing own ACH services and offering
open and neutral access to all banks ❙ Central bank may realise positive external effects❙ Full cost recovery pricing with limited service level❙ Acceptance of central bank’s complementary role in the market❙ Market solutions have priority
The Bundesbank‘s Operational Role in Interbank Retail Payments
627 June 2011
❙ Provision of reachability of all credit institutions in Germany❙ Complementary role in domestic retail payments
(market share est. 15%): additional service offer to the private sector❙ Open and neutral access to the Euro interbank clearing, especially for those
banks which do not belong to a giro network❙ Successful contribution to the high efficiency of the German payment system❙ Active part as catalyst: arrangement of the technical and organisational basic
conditions as market participant❙ Influence on duration, fees and technical standards due to independent service
offers and specifications of conditions
RPS: Range of Services
727 June 2011
❙ Customers groups:❙ Banks❙ Public Authorities❙ Other
❙ Retail payments: usually low amounts, high volumes❙ Types of transactions:
❙ Domestic legacy payment instruments❙ Cheques❙ SEPA instruments / ISO 20022 XML
❙ Submission/delivery of files via data telecommunication❙ Technical standards commonly used in the German interbank clearing❙ Gross settlement in central bank money❙ Service level focusing on basic clearing and settlement (no value-added
services)
RPS/SEPA-Clearer: Link to Europe
827 June 2011
GERMANY SEPA
PE-ACH
Creditinstitution
Creditinstitution
Creditinstitution
Creditinstitution
Creditinstitution
Creditinstitution
Creditinstitution
Egpublic
authority
Bundes-bank
branch
Creditinstitution
Creditinstitution Credit
institutionCreditinstitution
Creditinstitution
Creditinstitution
Creditinstitution
ACH1
ACH2
ACH3
927 June 2011
❙ SEPA payment message formats according to respective Scheme Implementation Guidelines are based on ISO 20022
❙ SEPA-wide reach via connection to Pan-European ACH, nevertheless also alternative processing channels through bilateral links with other ACHs
❙ Processing of SEPA Credit Transfers and both flavours of SEPA Direct Debit❙ Provision of SEPA services since going-live of the respective SEPA Scheme❙ Electronic submission and delivery only❙ BIC-based routing❙ Batch processing and booking on Bundesbank account❙ Several processing cycles ❙ Detailed information available on our website:
www.bundesbank.de Payment Systems SEPA
RPS: SEPA Processing Principles
1027 June 2011
Clearing and Settlement of SEPA Credit Transfers
15.30
CSM
Cycle
Delivery
Settlement
20.00 12.00 20.00Calendar Day D
Settlement
DeliverySubmission
Cycle 1
SettlementCycle 4
Submission Delivery
24.00 8.00 10.00
Settlement
DeliverySubmission
Cycle 2
Settlement
DeliverySubmission
Cycle 3
1127 June 2011
Submission
Submission
DRD
Booking Booking Booking
DRD = DailyReconciliationReport
10 :00 12 :00 15 :30 20 :00 22 :00
EinlieferungSubmission
DRD CORE
B 2B
before Settlement after Settlement
Set
tlem
ent
Cle
arin
g1. Delivery
3. Delivery
2. Delivery (EBA and other ACH)
R-Transactions after SettlementTransactions on the Interbank Settlement Date and R-Transactions before and after Settlement
Clearing and Settlement of SEPA Direct Debits
Calendar Day D
RPS: Processed Transaction Volumes
1227 June 2011
❙ Payments processed (by number, in million) Year Jan-May 2010 2011
❙ Grand total 2,641 1.093❙ Credit Transfers 1,066 442❙ Direct Debits 1,575 651
❙ Daily average 10.40 10.72❙ Daily maximum 34.60 33.24
❙ Compared to previous year + 2.36 % + 1.23 %❙ Credit Transfers - 1.11 % + 2.07 %❙ Direct Debits + 4.93 % +0.65 %
RPS/SEPA-Clearer: Direct and Indirect Participants
1327 June 2011
SEPA Credit Transfer SEPA Direct Debit(Core)
SEPA Direct Debit(B2B)
Direct IndirectParticipants
Direct IndirectParticipants
Direct IndirectParticipants
RPS/SEPA-Clearer: Processed Transaction Volumes
1427 June 2011
0
500 000
1 000 000
1 500 000
2 000 000
2 500 000
3 000 000
Jan
08
Feb
08
Mar
08
Apr
08M
ay 0
8Ju
n 0
8Ju
l 08
Aug
08
Sep
08
Oct
08
Nov
08
Dec
08
Jan
09
Feb
09
Mar
09
Apr
09M
ay 0
9Ju
n 0
9Ju
l 09
Aug
09
Sep
09
Oct
09
Nov
09
Dec
09
Jan
10
Feb
10
Mar
10
Apr
10M
ay 1
0Ju
n 1
0Ju
l 10
Aug
10
Sep
10
Oct
10
Nov
10
Dec
10
Jan
11
Feb
11
Mar
11
Apr
11M
ay 1
1
Transactions received Transaction forwarded to other ACHs
Daily average in May 2011: 116k SEPA transactions (436 million Euros)
1527 June 2011
Thank you for listening!
Dr. Johannes KaiserDeutsche BundesbankWilhelm-Epstein-Strasse 1460431 Frankfurt am MainGermanyE-Mail:[email protected]
