Events

Information event on payments and account management for credit institutions, November/December 2011

The time schedule for the replacement of the current national credit transfer and direct debit procedures with the new SEPA procedures is expected to be finalised within the next few weeks. The banking industry, infrastructure operators and payment service users will be working intensely on the migration to the SEPA procedures in the time remaining until the changeover. This also applies to the Bundesbank, which will adjust its range of services to meet the needs of the market and regulatory requirements.

In the second half of 2013, bank accounts held at the Bundesbank will be migrated to the TARGET2 single shared platform. These accounts are used primarily for minimum reserve holdings and the settlement of open market operations. The account migration will not have any impact on the scope of services, but there will be changes in the communication interfaces to the credit institutions.

The Bundesbank offers a range of customer-oriented information events with the purpose of informing interested parties about these subjects as well as about other recent developments in the area of cashless payments and the Bundesbank’s own account management system.

The Bundesbank offered a range of customer-oriented information events with the purpose of informing interested parties about these subjects as well as about other recent developments in the area of cashless payments and the Bundesbank’s own account management system.

The presentation material for the events and a list of abbreviations is provided below.

SIBOS 2011 in Toronto

The SIBOS 2011 (the SWIFT International Banking Operations Seminar) was held from 19 to 23 September in Toronto. The Eurosystem was once again present with an information stand at this specialist convention and the focus was on payment and securities settlement systems. The team on the stand comprised staff from the Deutsche Bundesbank, the ECB and other European central banks and who informed visitors about SEPA, TARGET2, TARGET2-Securities and CCBM2, in particular.