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Single Euro Payment Area, SEPA Consequences?

April 26, 2007. Single Euro Payment Area, SEPA Consequences?. Agenda April 26, 2007 at 08:00 – 10:30. Introduction - What is the true significance of SEPA? Carolina Holst, SEB Cash Management Sales SEPA from a Corporate’s perspective Rolf Skårström, Volvo Treasury Cash Management Development

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Single Euro Payment Area, SEPA Consequences?

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  1. April 26, 2007 Single Euro Payment Area, SEPAConsequences?

  2. AgendaApril 26, 2007 at 08:00 – 10:30 • Introduction - What is the true significance of SEPA?Carolina Holst, SEB Cash Management Sales • SEPA from a Corporate’s perspectiveRolf Skårström, Volvo Treasury Cash Management Development • SEPA from a Swedish and an International perspectiveHenrik Bergman, SEB Global Transaction Services • Discussion, Questions and ConclusionAll

  3. Why are you here? Single Euro Payment Area, SEPA – what is that? Do you belong to the category… • “I know exactly what SEPA is and what I need to do within my business?” - or • “I have an idea of what SEPA is, but it’s still unclear what I need to do”- or • SEPA will not affect me anyway, but it seems to be an interesting market change, and I want to inform myself

  4. SEPA – a single market for payments= Euro Payments Convergence A politically driven and encouraged process Pay and receive… …to a single account …with a single set of instruments …in a single format …throughout the EU Payments in Euro easy, safe and efficient as the best of national systems no differentiation between cross-border and national Enabler and catalyst forEU market integration and competitiveness 4

  5. SEPA – benefits Payment services transparency, offering clarity and choice Less cash and paper Easier cross-border trading Standardised payment instruments throughout Euro-zone Uniform rules & systems within and between member-states Targeting less need for holding local disbursement and collection accounts modernisation and migration of payments practices 5 5

  6. Questions • What are the major corporate benefits from SEPA? • What practical details should I consider when preparing for SEPA? • I have no subsidiaries within the EUR zone, how will SEPA affect me? • I have subsidiaries within the EUR zone, how will SEPA affect me? • With SEPA, will I only need one EUR account for all my EUR payments and collections? • When can I start to benefit from SEPA? • I understand that there will be changes in the ERP/business systems, but what changes?What should I change to…? • Will my present lean STP administrative routines no longer be supported by banks? • How do I reconcile my ledgers in the SEPA world? • Will I have double structures?

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