standardisierung im zahlungsverkehr das können ebics, cgi ... · 10 divisions2 as entrepreneurs...
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Standardisierung im
Zahlungsverkehr – das
können EBICS, CGI und Co.
Cash Management Campus, June 2016
siemens.com/finance Frei verwendbar © Siemens AG 2016
Frei verwendbar © Siemens AG 2016
Seite 2 siemens.com/finance
Agenda
Siemens 1
Common Global Implementation (CGI) 2
Inhouse Banking solution 3
Communication 4
Frei verwendbar © Siemens AG 2016
Seite 3 siemens.com/finance
Agenda
Siemens 1
Common Global Implementation (CGI) 2
Inhouse Banking solution 3
Communication 4
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Seite 4 siemens.com/finance
Siemens: Our Business Scope
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Fiscal 2015 –
Key figures
Key figures Siemens FY 2015
1 Continuing and discontinued operations 2 Commonwealth of Independent States
Revenue by industrial business
Power and Gas 17% Healthcare 17%
Process Industries and Drives 13%
Digital Factory 13%
Mobility 10%
Not included: Financial Services (SFS)
Wind Power and Renewables 7%
Energy Management 16%
Building Technologies 8%
Revenue by Region Asia, Australia 20%
Americas 29%
Europe, CIS2, Africa, Middle East
(without Germany) 36%
Germany 15%
(Continuing operations; in millions of €
except where otherwise stated) FY 2015 FY 2014 Change in %
Volume
Orders 82,340 77,657 (6)%
Revenue 75,636 71,227 (6)%
Profitability and capital efficiency
Net income1 7,380 5,507 34%
Return on capital employed (ROCE)1 19.6% 17.2%
Liquidity
Free cash flow1 4,674 5,201
Employees (in thousands) Sep. 30, 2015 Sep. 30, 2014
Total (continuing operations) 348 338
Germany 114 114
Outside Germany 234 224
Source: http://www.siemens.com/about/en/
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Treasury supports the global set-up of Siemens
1 data as of 31.December 2015
2 Separately managed
2664 bank accounts at 205 banks in 120 countries*
Global
presence
10 divisions2 as entrepreneurs
738 corporate entities1
14,7m payments handled by Central Treasury with a total amount of
EUR 100.8 billion via 690 payment accounts (equivalent) in 73 currencies and in 145
countries**
14 Treasury Hubs
NAC SWE AFR NWE
RCA NEA
SAS
PG
WP
PS
EM
BT
MO
DF
PD
SFS
HC
MUC USA
BRA AAN MEA CEE AP
4 Regional Treasury Center
Iselin Munich Hong-Kong Peking
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Global set-up of Siemens Treasury
Iselin Iselin Iselin
Siemens AG
Beijing Beijing Beijing
Siemens
Financial Services Ltd.
Munich Munich Munich
2 pillars support the group-wide mandate of Siemens Treasury: Central Treasury incl. Regional Treasury
Centers and Treasury hubs organization as operative support.
Hong Kong Hong Kong Hong Kong
Siemens
Capital Company LLC
In-house bank/RTC
Corporate entities
Intercompany Accounts
Cluster Treasury
segmentation in colors
Siemens AG
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Agenda
Siemens 1
Common Global Implementation (CGI) 2
Inhouse Banking solution 3
Communication 4
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Mission & Objective of CGI
- Provides a forum for financial institutions (banks and bank associations) and non-financial
institutions (corporates, corporate associations, vendors and market infrastructures) to
progress various corporate-to-bank implementation topics on the use of ISO 20022 messages
and to other related activities, in the payments domain.
- Simplify implementation for corporate users and thereby promoting wider acceptance of
ISO20022 as the common XML standard used between corporates and banks.
- Achieved through consultation, collaboration and agreement on common implementation
templates for relevant ISO 20022 financial messages, leading to their subsequent publication
and promotion in order to attain widespread recognition and adoption.
Source: https://corporates.swift.com/en/common-global-implementation-0
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Work Group deliverables
WG1
Credit transfer & payment status
report
WG2
cash management
reporting
WG3
direct debit and mandates
WG4
bank account management
WG5 bank services
billing
Credit Transfer (pain.001)
template to include ACH and
wires (domestic and
international) and
cheques/drafts
Appendix A – Clearing system
classifications
Appendix B – Country specific
data requirements
Appendix C - Country specific
Purpose codes
Payment Status Report
(pain.002) template with
process flow
Direct Debit (pain.008)
template to include any
electronic debit transaction
Appendix B – Country specific
data requirements
Appendix C – Country specific
Purpose codes
Mandate Initiation Request
(pain.009)
Mandate Amendment
Request (pain.010)
Mandate Cancellation
Request (pain.011)
Mandate Acceptance Report
(pain.012)
Account Report (camt.052)
template to include intra-day
bank account activity
Statement (camt.053)
template to include end of
period bank account activity
Debit/Credit Notification
(camt.054) template to include
detail notification reporting
Appendix A – Uses cases and
examples
Bank Account Management (acmt) messages covering
account opening, account maintenance, account
closing, mandate management
Bank Services Billing Statement
(camt.086)*
* Under Review
Source: https://corporates.swift.com/en/common-global-implementation-0
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• members: actual: 49 Financial Institution Members and 101 Non-Financial Institution Members (as of 1st June 2016)
• extract:
Common Global Implementation – Market Practice (CGI-MP) initiative
Source: https://corporates.swift.com/en/common-global-implementation-0
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Agenda
Siemens 1
Common Global Implementation (CGI) 2
Inhouse Banking solution 3
Communication 4
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Payment Factory as integral part of the In-house Bank
ERP
systems
…
Oracle
EXACT
SAP
Payment Factory
Payments
(CGI conform XML (SXML))
Nostro Account A*
EDIFACT*
CGI -XML*
Banks
Suppliers
Customers
In-house Bank
Nostro Account B*
Local Account**
1 High risk payment scoring
2 Plausibility/Embargo checks
3 Payment method optimization
4 „On behalf“ paym.*: posting &
generation of acc. statements
5 „Routing“**: processing only
Intercompany Accounts
* via EBICS preferred
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Payment Factory includes execution of local payments
Traditional approach (“on behalf” payments)
Corporate entities
Corporate
Treasury
(Munich)
Pa
ym
en
t o
rde
rs
(cro
ss-b
ord
er,
cro
ss-c
urr
ency
paym
ents
)
Treasury banks
Extension to local payments (“routing”)
Corporate
Treasury
(Munich)
SPoE (single
point of
entry)
Pa
ym
en
t o
rde
rs
(all,
apart
fro
m e
xceptions)
Corporate entities
Local banks
Exceptions, backup
(special payments: HR, taxes,
customs duties)
Electronic
signatures
Execution
Embargo and
compliance
checking
In-house Bank
Electronic
signatures
Execution
Embargo and
compliance
checking
In-house Bank EBICS
EBICS
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Timeframe for CGI-XML within SIEMENS
06.2013
First SEPA payments
executed via XML
01.2012
Start Analyze
SEPA
12. 2012
Decision taken CGI-
XML will be the
future
2015
Global rollout
started
History of XML fro payments within SIEMENS
10. 2013
First SEPA direct
debit executed via
XML
Since 03.2014
Start with further
currencies and
countries
02.2014
SEPA payments
executed via XML
09.2014
First Non-SEPA
payments executed
via XML
09.2016
Deadline for
internal delivery of
EDIFACT
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Actual status of CGI implementation
already live
in work
planning
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Key figures of payments in CGI format
1
Inhouse
Banking solution
25 currencies
28 countries
9 bank groups already live
about 65 % of the payment transactions already in CGI
14,7 bn
9,0 m payments with a total amount of
EUR 35 billion in Fiscal Year 2015
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Common Global Implementation
Benefits and challenges
Siemens supports digitalization with this approach
• modern payment format, based on ISO 20022
• human readable, multi-lingual
• one format for all electronic payment types
• payment status report (pain.002)
• validation against XML scheme
• More banks supporting XML formats
• Faster implementation of new bank groups
• modern payment format, based on ISO 20022
• human readable, multi-lingual
• one format for all electronic payment types
• payment status report (pain.002)
• validation against XML scheme
• More banks supporting XML formats
• Faster implementation of new bank groups
• harmonization between CGI payment recommendations and real-life
conditions
• Local references (KID/FIK/ESR) depending on the bank
implementation
• country specific adjustments necessary
• missing standard payment file authorization and encryption
• harmonization between CGI payment recommendations and real-life
conditions
• Local references (KID/FIK/ESR) depending on the bank
implementation
• country specific adjustments necessary
• missing standard payment file authorization and encryption
Benefits Benefits Challenges Challenges
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Agenda
Siemens 1
Common Global Implementation (CGI) 2
Inhouse Banking solution 3
Communication 4
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Seite 20 siemens.com/finance
communication for payments: EBICS
Corporate
Treasury
(Munich)
SPoE banks
Electronic
signatures
Execution
Embargo and
compliance
checking
In-house Bank
Treasury banks
SPoE banks
local banks
local banks
local banks
local banks
local banks
CGI XML
file
A004
EDIFACT
AUTACK
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Why using EBICS as communication channel?
No additional cost of transaction fees
No additional cost for new bank group implementation
Standard methods for authentification ( A004/A005/A006)
Easy to configure
Self administered tool
“Global” availability
No additional cost of transaction fees
No additional cost for new bank group implementation
Standard methods for authentification ( A004/A005/A006)
Easy to configure
Self administered tool
“Global” availability
Benefits Benefits
Frei verwendbar © Siemens AG 2016
Seite 22 siemens.com/finance
Thank you for your attention.
Siemens Treasury GmbH
Gherri D‘Innocenzo
Team Head Treasury Operations
Payments & Bank Accounts
Otto-Hahn-Ring 6
81739 Munich
Telefon: +49 89 636 34216
E-Mail: gherri.dinnocenzo@siemens.com
Web: www.siemens.com/finance
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