SEPA Country-Specific Information Poland

SEPA Country-Specific Information
Poland
Cash Management & eBanking
January 2014
Contents
INTRODUCTION
3
END-DATE INFORMATION
3
IBAN SERVICE
3
SEPA PRODUCTS
4
SEPA FORMATS
5
CHANNELS AND CUT-OFF TIMES
6
VALUE-ADDED SERVICES
6
3
INTRODUCTION
This document provides an overview of all country-specific information you need in order to successfully overcome the
challenges of SEPA and achieve a seamless migration. Being properly informed and equipped with the necessary tools, you
will be able to fully realise all the potential the new SEPA instruments will bring.
END-DATE INFORMATION
SEPA has become a regulatory project. The mandatory end-date was agreed upon for 31 January 2014. Regulation (EU) no.
260/2012 set the end-dates for national payment schemes and SEPA migration schemes, as follows:
END-DATE INFORMATION
The end date was set for 31 January 2014 based on the EU regulation 260/2012. The amendment for an additional transition period
until 31 July 2014 was approved by the EU authorities. The related impact on national products is linked to the end-date information. For
more information please refer to the link below.*
National formats (PLI, PLA)
31 January 2014
“Niche Products” (Products with less than 10% market share according to ECB’s statistics)
There are no “niche products“ in Poland with regard to SPEA
31 October 2016
National products with a different migration date
N/A
Waiving the obligation for a BIC code for domestic payments
31 January 2014
Waiving the obligation for a BIC code for cross-border payments
31 October 2016
BBAN/IBAN conversion services for domestic payments
31 October 2016
Payment services suppliers based in an EU country where the EUR is not a domestic currency have to demonstrate technical
readiness for these requirements by 31 October 2016. If the EUR is introduced as a domestic currency during that period, the
respective has to adapt within one year’s time.
IBAN SERVICE
The IBAN standard was introduced in Poland by the Regulation of the President of the National Bank of Poland on Bank
Account Numbers no. 5/2002 dd. 6 May 2002. Since 1 July 2004 IBAN has been mandatory for both domestic and
international transfer orders. Therefore an IBAN conversion is N/A.
While domestic transactions require the NRB standard (“Numer Rachunku Bankowego” – Bank Account Number) which is an
account-number system based on IBAN and specifically designed for the domestic payment system, for the cross-border
transfers the account numbers have to be indicated in the IBAN standard.
In Poland the IBAN is composed of 28 characters structured as follows:
 Positions 1 – 2: ISO country code (PL for Germany)
 Positions 3 – 4: Check digits
 Positions 5 – 12: Bank’s branch identifier
 Positions 13 – 28: Account number
* http://www.ecb.europa.eu/paym/sepa/pdf/countries/pl_sepa_migration_fact_sheet.pdf?005d8f9ad720f046f1dea1226b35ff51
4
SEPA PRODUCTS
Bank Pekao SA started accepting and executing SEPA credit Transfers (SCT) from May 2010 onwards. Currently, the bank offers
a comprehensive service for SEPA payments, both incoming SEPA payments (SCT-IPO-Incoming SEPA Credit Transfer) and
outgoing SEPA payments (SCT-OPO-Outgoing SEPA Credit Transfer).
Bank Pekao SA is a direct member of the EuroElixir Clearing System at the KIR (Polish National Clearing House) which settles
SCT transactions. The EuroElixir system sends and accepts SEPA payments within 3 clearing sessions. Each session clears both
domestic and foreign transactions. The net balance achieved by a multilateral netting is then settled via the TARGET 2 system.
SEPA Payment Processing Model from/to Polish banks
1 Remittent, 2 Bank Pekao SA, 3 KIR/EuroELIXIR, 4 Another Polish Bank, 5 Beneficiary
SEPA Payment Processing Model from/to foreign banks
1 Remittent, 2 Bank Pekao SA, 3 KIR/EuroELIXIR, 4 EACHA, 5 A foreign bank, 6 Beneficiary
Criteria
Domestic Payment Orders
SEPA Transfers
Coverage area
Domestic Payment Orders in Poland are PLN
transfers via KIR (Polish National Clearing House).
SEPA Transfers in Poland are EUR transfers to Polish and
foreign banks via KIR (Polish National Clearing House).
IBAN/BIC
N/A
Beneficiary’s IBAN/BIC is mandatory
Transactions
N/A
SHARED fees only
EUR currency
No special instructions
Processing time*
D
D+1 at the latest
Execution date
D
D+1 at the latest
Central Bank reporting
N/A
N/A
*Working days
Most banks in Poland are not yet ready to support SEPA Direct Debit (SDD), which is also applicable to Bank Pekao SA. The
focus is on the local direct debit in local currency PLN:
Domestic direct debit in PLN (“DD”)
The PLN domestic direct debit is a payment instrument enabling the account of the debtor to be automatically debited with
the amounts of debtor’s liabilities towards the creditor for delivered products and/or rendered services. The creditor is the one
initiating the DD transaction by sending via the eBanking system an instruction to debit the account of the debtor (at Bank
Pekao SA or at another bank in Poland). The Debtor’s role is limited to providing a one-time consent for the related
authorisation of his account.
The service is settled via the ELIXIR clearing system. The Creditor’s account is credited on the same day as the account of the
debtor is debited.
5
As an option for the authorisation of the distribution service: After the creditor collects the consents from his debtors, its bank
will distribute them to the banks of the Debtors, collect the bank responses and prepare a report for the creditor on the results
of the distribution of authorisations.
Criteria
Domestic Direct Debits
Allowance of SDD collection
No
Region
Domestic clearing
Format
PLD, other domestic formats
Sequence type
Recurrent/One-off
Eligible debtor
Consumer and non-consumer
Submission** and due date
D
Mandate management
Direct Debit Authorisation in 2 copies:
 For the creditor
 For the debtor bank
Refunds
5 days for legal entities
8 weeks for consumers
Mandate checking
The mandate is checked by the debtor bank
Pre-notification
N/A
Payment order formats
DIRECT DEBIT:
Type
Description
End-date
PLD
Domestic direct debit format polecenia zapłaty Elixir 210
31 October 2016
SEPA FORMATS
Bank Pekao SA effects SEPA Credit Transfer payments in compliance with the Rulebook Version 5.0. Payment order formats are
compliant with SEPA formats and the XML ISO20022 standards.
Customers do not have the option to choose the XML format yet. However, it is planned for Bank Pekao SA to introduce this
option in the future.
XML-based formats – Availability at Bank Pekao SA in the PekaoConnect service (web-service)
PAYMENT ORDERS IN XML FORMAT:
Available at Bank Pekao SA in the
Pekao Connect service
XML urgent pain.001
pain.001
pain.002
pain.008
camt.052
camt.053
camt.054
camt.086
No
Yes
Yes
Yes
Yes
No
No
Yes
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CHANNELS AND CUT-OFF TIMES
Internet Banking Others
PekaoBIZNES
24
PekaoConnect,
Paper-based payments orders
Paper-based order
Single order
SCT
SCT
Yes
SDD
Mass payment (file-based orders)
SDD
Yes
SCT
SDD
No
SEPA in PekaoBIZNES24
Bank Pekao SA enables its customers to make SEPA payments via its eBanking system. A dedicated “SEPA Payment” form and
a special import template for this type of payment have to be filled in within PekaoBIZNES24. SEPA payment orders are then
processed automatically.
SEPA Payment Order
SDD
COT
5.00 p.m.
N/A
Value date
D+1 at the latest
N/A
Please find below the necessary parameters for SEPA payment orders in PekaoBIZNES24:
 BIC code of the beneficiary bank
 Beneficiary’s account number in the IBAN format
 No special instruction codes
 The payment is sent to the beneficiary bank member of the SEPA payment system
PekaoBIZNES24 validates and verifies the following data for the SEPA payments:
 IBAN account number of the beneficiary
 BIC code of the beneficiary bank
 Compliance of the country code encoded in the IBAN account number of the beneficiary and in the BIC code of the
beneficiary’s bank.
VALUE-ADDED SERVICES
“PLA” files converter
Bank Pekao SA offers an application that facilitates cross-border payment data import into PekaoBIZNES24. The aim is to
transform the PLA file format into the SEPA text file format and to create a second PLA file containing only the data not
fulfilling the conversion criteria.
The application converts the text file data before its import to PekaoBIZNES24 in the following way:
 It changes the format of EUR payment orders sent to a SEPA member-country (in the regular execution mode and with
“SHA” fees) into a format that can be imported into PekaoBIZNES24 via a dedicated SEPA import template;
 It saves the remaining payment orders (that do not have the SEPA payment features listed above) into a separate file
consistent with the structure of the original “PLA” format file.
7
Advantages of making foreign payments with Bank Pekao SA
 The most competitive cut-off-times
 The broadest currency range in which payment orders can be effected (23 currencies are available: PLN, RUB, HUF, CZK,
LTL, LVL, TRY, ZAR, AUD, JPY, USD, CAD, GBP, DKK, NOK, CHF, SEK, EUR, HRK, AED, BGN, RON,CNY);
 Payments within EEA (European Economic Area) effected in the currencies of the EEA member states are usually
processed in the urgent mode (D+1), while the charges are handled in the normal mode (D+2).
 High ratio of the automatic processing of payment orders (95% of the so-called Straight-Through-Processing, without any
manual intervention); a processing mode as such guarantees a quick and error-free payment process.
More information on different SEPA topics, including the “Country-Specific Information” Guides, can be found on UniCredit’s website
www.gtb.unicredit.eu.
Additional local-specific information can be also found at Bank Pekao SA’s own website http://www.pekao.com.pl.
Disclaimer
The products and services featured above are offered by a network of banks and representative offices of UniCredit S.p.A. or its affiliates (the “UniCredit
Group”) in accordance with appropriate local legislation and regulation. UniCredit Corporate & Investment Banking is a trademark of UniCredit S.p.A. Nothing
in this publication is intended to create contractual obligations on any of the entities composing Corporate & Investment Banking Area of UniCredit Group
which is composed of (the respective Units of) UniCredit Bank AG, Munich, UniCredit Bank Austria AG, Vienna, and UniCredit S.p.A., Rome. UniCredit Bank AG is
regulated by the German Financial Supervisory Authority (BaFin), UniCredit Bank Austria AG is regulated by the Austrian Financial Market Authority (FMA) and
UniCredit S.p.A. is regulated by both the Banca d’Italia and the Commissione Nazionale per le Societa e la Borsa (Consob).
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UniCredit Bank AG
Corporate & Investment Banking
www.unicredit.eu
Cash Management & eBanking
Am Tucherpark 1
D-80538 Munich