February 13, 2012, 13:23 CET
Fees and operating hours
CAM prices
In the CAM, the Bundesbank charges its account holders the following fees.
- Schedule of fees for the Deutsche Bundesbank CAM (as at 1 September 2010)
CAM invoices
In the CAM, invoices are produced for the previous month and sent to the participants. Under various items, the invoices summarise the fees for submitted payments in line with the schedule of fees. Further information about the invoices and the items listed therein is available in the document"CAM invoice".
You can find the password required to open the file at the bottom of your monthly invoice.
Acceptance and execution times
Payments may be submitted to the CAM electronically from Monday to Friday, excluding TARGET2 holidays.
Paper-based submissions and deliveries – wherever allowed – are possible from Monday to Friday provided that the Bundesbank branch is not closed on account of a TARGET holiday, a national or regional holiday or a non-business day (24 and 31 December).
Urgent euro-denominated and foreign currency payments
Urgent euro and foreign currency payments can be submitted to the CAM during the following times.
| Submission method | |||
|---|---|---|---|
| Voucher | EBICS or SWIFT | Online banking via FinTS | |
| Urgent euro payments | 8:00 – 15:00 solely for payment service providers with a bank sort code | 7:00 – 16:45 Customer payments 7:00 – 17:45 Bank-to-bank payments |
7:00 – 16:30 |
| Fremdwährungszahlungen | 8:00 – 11:30 Uhr | 7:00 – 13:30 | 7:00 – 13:30 |
The Bundesbank will only accept urgent euro credit transfers from account holders without a bank sort code if they are in paperless form.
Foreign currency payments submitted in paper-based form are converted into electronic payment data records at a central location. Therefore, the day on which the payment order is received at the Bundesbank computer centre is deemed to be the submission date.
| The following cover closing times are to be observed for same-day processing. | ||
|---|---|---|
| Euro payments | Customer payments | 16.55 |
| Bank-to-bank payments | 17.55 | |
| Foreign currency payments in accordance with the established practice | 13.30 on the business day prior to the account being debited (usually one payment transaction business day before the execution date) | |
In the case of euro-denominated and foreign currency credit transfers which are to be debited to an account in the same currency it may be assumed that these will be executed on the same day, provided sufficient cover is available prior to the cover closing time. Foreign currency credit transfers drawn on a euro account are executed in accordance with the established practice, ie two payment transaction business days after submission.
SEPA payments
SEPA payments are accepted from account holders without bank sort code via EBICS and online banking by means of FinTS 24 hours a day, 7 days a week.
Two execution windows are available for processing purposes.
| 1. Einlieferungsfenster | 2. Einlieferungsfenster | |
|---|---|---|
| Business day | D | |
| Business day | D | D |
| Business day | D | D + 1 |
| Submission times | From 18.30 on day D – 1 to 10.30 on day D |
From 10.30 on day D to 18.30 on day D |
| Booking times | Up to 11.20 on day D (Debiting of value amounts for submitted SEPA credit transfers relating to booking day D) | Around 19.35 on day D (Debiting of countervalues of submitted SEPA credit transfers relating to booking day D+1) |
Submissions via EBICS using the first submission window should, wherever possible, be made well in advance of the 10.30 cut-off time on day D.
| First submission window | Second submission window | |
|---|---|---|
| Business day | D | D |
| Booking day | Due date of direct debit | Due date of direct debit or R transactions after settlement D+1 |
| Submission times | From 18.30 on day D – 1 to 8.30 on day D |
From 8.30 on day D to 18.30 on day D |
| Booking times | SEPA direct debits and R transactions prior to settlement: on that business day at around 19.30, dated with the next business day. | SEPA direct debits and R transactions prior to settlement: on the business day preceding the due date, at around 19.30, dated with the next business day. |
| R transactions subsequent to settlement (refund/crediting and reversal/debiting) are booked on the execution date at around 19.30, dated with the following business day. | ||
The cut-off times stated below apply from an application perspective, ie transmission of the files transferred to the Bundesbank has to be completed by the defined times.
