Commission cash management international Rouverture et programme - - PowerPoint PPT Presentation
Commission cash management international Rouverture et programme 2018 Vos os in intervenants G. BIZON D. HELESCHEWITZ Trsorier, LOUVRE HTELS Directeur, DELOITTE J. CAVALIERO V. LIETARD P. AURANCHE Head of Cash Management
Trésorier, LOUVRE HÔTELS
Directeur, DELOITTE
Head of CMB Sales France, HSBC
Head of Cash Management France, UNICREDIT
Head of transaction services sales France, ING BANK France
Commission Cash Management International
❑ Introduction par David HELESCHEWITZ, vice-président de la commission CMI ❑ Programme 2018 par Guillaume BIZON, président de la commission CMI ❑ Actualité du cash management par zones géographiques ❑ Cash Management en Europe centrale et orientale par Jérôme CAVALIERO ❑ Nouveautés en zone Euro et Europe de l’Ouest, par Vincent LIETARD ❑ Cash Management en Asie, par Pascal AURANCHE ❑ Questionnaire ❑ Cocktail
Commission Cash Management International
❑ Bienvenue à tous ! ❑ +50 entreprises représentées ❑ +25 adhérents correspondants (banquiers, sociétés de conseil, éditeurs,…) ❑ 7 adhérents étudiants ❑ Réouverture de la commission depuis 2011 ❑ Publication de deux cahiers techniques récents
❑ Circulation de la liquidité au sein d’un groupe international (nov 2017) ❑ Quelle centralisation pour le traitement opérationnel des flux (nov 2013)
❑ Le cash management toujours au cœur du métier du trésorier
❑ Des problématiques diverses : cash management & cashpooling par zones géographiques, paiements internationaux, centrales de paiement/règlement, pouvoirs bancaires, frais bancaires, aspects systèmes ❑ Reste un sujet de préoccupation fort de nos adhérents
Commission Cash Management International
❑ Rappel du périmètre de la commission ❑ Techniques d’optimisation de la gestion de la liquidité
❑ Cashpooling ❑ Netting ❑ Centrales de paiement / règlement ❑ Open banking / API, Paiements instantanés,…
❑ Adoption des cautions bancaires
❑ Un sujet toujours complexe (même si des systèmes ont permis d’en simplifier la gestion)
❑ Frais bancaires : Veille / participation au Common Global Implementation (CGI) Working Group 5 – Bank Services Billing
❑ WG5 focuses on defining the harmonised guides associated with ISO 20022 account/transaction reporting message, camt.086.001.01 The group aims to build upon the foundations laid by TWIST and AFP. ❑ A dedicated session will be organized on the topic
Commission Cash Management International
❑ Propositions de modalités de travail avec thèmes + retour d’expérience typiquement sur zone géographiques avec trésoriers invités / participants ad-hoc – suivi des évolutions en matière de cashpooling par rapport au dernier cahier technique possibilité de constituer des sous-groupes de travail. Ex. sous-groupe Afrique, Chine,… ❑ Développement d’interactions avec d’autres commissions Commission monétique et moyens de paiement FinTech (POC en relation avec le cash management ou les paiements) Systèmes d’Information (e-BAM en relation avec le WG-4 de SWIFT CGI) ❑ Prises de position sur des sujets de place : notionnel, BREXIT, tags SWIFT (avec la commission SI),… ❑ Garder un lien avec la formation au moins une fois par an
Commission Cash Management International ❑ Cash management en Europe centrale et orientale ❑ Nouveautés en zone Euro et Europe de l’Ouest ❑ Cash management en Asie
Head of CMB Sales France, HSBC
Head of Cash Management France, UNICREDIT
Head of transaction services sales France, ING BANK France
Commission Cash Management International
Cash Management en Europe Centrale et Orientale : une approche harmonisée est-elle possible aujourd’hui ?
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Cash Management en Europe Centrale et Orientale : une approche harmonisée est-elle possible aujourd’hui ?
– Contexte d'environnements légaux hétérogènes – Centralisation de trésorerie – Connectivité – Formats / Paiements / Encaissements
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– Tous les pays ne font pas partie de l'Union Européenne ou de la zone Sepa, ne bénéficient pas de la DSP ou toutes autres régulations – Spécificités des demandes en matière de KYC par les banques centrales – Opérations laissées à l'interprétation des autorités locales, à titre d'exemple lorsque la notion de centralisation de trésorerie n'existe pas – Décisions autorités locales :
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– Par la mise en place de règles communes par les autorités Européennes:
924/2009 aux consommateurs et entreprises des pays non Euro: tout transfer en Euro transfrontière se ferait aux mêmes conditions tarifaire qu'un transfer domestique. (Second volet: information du cout de change avant de réaliser une opération dans une devise autre que celle de l'origine de la personne).
– Par l'effort des banques de proposer à leurs clients des services plus homogènes:
– …mais persistance de difficultés et de lourdeurs liées aux process KYC en particulier
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– pays "ouverts" : République Tchèque, Slovaquie, Slovénie, Hongrie – pays "fermés" à la centralisation de trésorerie transfrontalier : Bulgarie, Serbie, Turquie,… – pays sans législation et où la possibilité de mise en place d'une centralisation de trésorerie domestique ou transfrontalier dépend souvent de la capacité de la banque partenaire, en particulier pour la gestion des déclarations obligatoires auprès de la Banque Centrale concernée:
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– Les banques internationales proposent aujourd'hui à leurs clients de centraliser et homogénéiser leur façon de travailler sur la zone CEE:
– Norme ISO 20022 et possibilité d'éviter les formats et syntaxes domestiques:
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15/05/2018
Vincent LIETARD
Head of Transaction Services Sales ING WB France
Commission Cash Management International
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Our society and economy are increasingly mobile and expect speed in every field. With the EPC’s SEPA Instant Credit Transfer Scheme, payments become part of this trend.
Instant Knowledge Instant purchases Instant communication Instant entertainment Instant social interaction Scheme enters into effect.
Maximum 10 seconds are needed to see the money on
Applies to Credit Transfers made in euro, up to an initial
SCT Inst. Transactions are available 24/7/365 34 countries which are within the scope of the current SEPA schemes. The SCT Inst scheme is an optional scheme, available to any PSP in the geographic scope of the existing EPC SEPA schemes; scheme participants need to act at least as receivers.
Source: www.europeanpaymentscouncil.eu
Instant Payments will bring many benefits for consumers and corporates
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and products
frequently and directly
more instantly
It will bring opportunities… … and challenges
payments impacts, client support, Operations, IT systems
cash management
the Annual report Having instant access to funds 24/7 Improve cash flow and optimize cash management Sell and deliver products and services 24/7 Lower transaction costs (e.g. reduction of cash, cheques, RTGS) Improved credit risk management Opportunities for innovations and new products and services
Corporates Consumers
More efficient use of money (e.g. replacement cash, E-wallets) Faster availability of money Better cash management Faster delivery of purchased goods (at small and mid-sized merchants)
Implementation of an Instant Payment solution has severe impact
Client
PAYMENT ENGINE ORDER MANAGER ACCOUNT MANAGEMENT SYSTEM CHANNEL GATEWAY FRAUD SANCTION, AML TREASURY LIMITS POSITION CONTROL NETTING
Bank CSM
notification
booking / immediate availability
time
time
processing
time
interface with other components
to CSM
liquidity accounts
monitoring
control
Out of scope Low impact Medium impact High impact
REPORTING BILLING
billing
reporting
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Mandatory, go live 1st of July 2019
Optional, go live 2018
Optional, go live 2019
Bizum (cards) p2p mobile operational as of 2016. Operational (ACH) solution as of in November 2017 (Iberpay)
‘Jiffy’ and ‘Zac’ P2P/P2B mobile payments based on SCT. ICBPI starting with ABART (As Best As Real Time) with Nets
Citi, Deutsche, Commerz, Raiffeisen and majority of other banks (public, cooperative and private) are planning for mid/end 2018
Interbank community started discussion. No go live planned
Pilot in Jan 2019, Go-live May 2019 (via Equens, EBA)
Go live Nov 2018 (via STET)
1049 banks have adhered to the SCT Instant Rulebook. TIPS to go live in Nov 2018. Interoperability is issue on CSM/TIPS.
Go live in 2018 (via EBA) .
‘Swish’: Swedish mobile instant payment solution (24/7 real-time P2P and P2B payments (via Mobile App + Settlement system BiR).
‘Express Elixir’ since 2016: 1,3 mln transactions for 5,2 bln ZL
´ ´ ´ Non-Euro country IP solution (cf.appendix) Euro country No IP plan Eurozone country IP solution Euro country Discussion / implementation Euro country with IP plan by some banks Non-Euro country Implementation
Instant Payments contribute to the further harmonization of euro payments, and therefore to the European Union single market.
Source: www.europeanpaymentscouncil.eu
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Speed SWIFT gpi lets you make high-speed cross-border payments. Nearly 50% of gpi payments are credited to end beneficiaries within 30 minutes, and almost 100% of gpi payments are credited within 24 hours. This delivers immediate benefits to global trade – corporates globally can significantly shorten their supply cycles, ship goods faster and reduce their exposure to FX risks Traceability SWIFT gpi allows corporates to significantly improve their cash forecasting and liquidity optimization. And corporates can further speed up their supply cycles with instant credit confirmations by tracking the status of your payments from start to finish in real-time Transparency SWIFT gpi gives you transparency over the bank fees charged and FX rates applied to your cross-border payments. Certainty SWIFT gpi gives you certainty over the remittance information you send in your cross-border payment instructions.
SWIFT gpi reduces cross-border payment times to minutes, even seconds
Source: www.swift.com
More control over international cash flows with ING’s Tracking & Tracing*
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ING Tracking & Tracing
chain is traced until the final credit of the funds on the account of the beneficiary
* Tracking & Tracing falls under GPI (“Global Payments Innovation initiative”), which is an initiative driven by SWIFT and payment industry to enable Tracking & Tracing of International Credit Transfers
Phased rollout
from:
available early 2019
Real-time insight in a payment’s current status, all changes and applicable processing fees
Source: www.europeanpaymentscouncil.eu
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Value for Corporates :
the time
FX risks
border payments
their cash forecasting &
their liquidity
a confirmation notice when the money reaches the recipient’s account
Source: www.swift.com
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Scheme Name: Express Elixir KIR (Krajowa Izba Rozliczeniowa) the Polish clearing house developed its real-time payment processing service around their legacy
ACH network. The system primarily focused on low value payments initially. KIR operate three payment systems one of which Express Elixir focuses on instant payments. Instant Payments are positioned as a Premium product in Poland.
Operating Organisations: Krajowa Izba Rozliczeniowa (KIR) and NBP (National Bank of Poland) Date of initial deployment: June 2012 Limit : Maximum single transaction value = 100 kPLN, although an unlimited number of transfers can be made daily.
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Scheme Name: Swish The Swedish banks have collaborated to introduce a mobile phone based instant payments service called Swish. This has proved to be
very popular. Over half the population have the app and it is used to make payments to friends, families, merchants and at online stores.
Date of Deployment: Pilot commenced in December 2012.Full launch and live operations in May 2016 (after a technical blip in January
2016).
Operating organisations: Swish and Bankgirot Number of users:
Volume en milliards SEK: 2016 = 90 (170 mln Transactions), 2017 = 150 (275 mln transactions) Limit: Equivalence around 15 000€
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Scheme Name: Swiss Interbank Clearing System (SIC) (franc payment system) and EuroSIC (€ payment system) EuroSIC: Euro payments from any place in the euro area to any place in Switzerland and Liechtenstein and vice versa. Over 3,200
bank branches in Switzerland/Liechtenstein and 36,000 institutions worldwide can be addressed.
Operating Organisation: Managed by SIX Group on behalf of the Swiss National Bank Date of initial deployment: 1987 Volumes:
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Scheme Name: Faster Payments Date of initial deployment: 27 May 2008.
Initially 13 banks are directly connected to its central infrastructure. It becomes the first truly 24*7 365 days a year real time payments system in the world and the first new payment system in the UK for 20 years.
Four types of payments can be processed through Faster Payments: Single Immediate Payments, Forward-dated Payments,
Standing Orders, Direct Corporate Access.
Limit: £250 000 Volume: