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CAM-Individual

Customer Access Mechanism-Individual (CAM-Individual)

General considerations

With regard to large-value and individual payments, the Deutsche Bundesbank offers other account holders services for processing

  • Domestic and cross-border same-day euro credit transfers (requiring speedy execution)
  • Cross-border foreign payment transfers (in foreign currency) as a correspondent banking transaction.

The above credit transfers are effected using the CAM-Individual procedure.

The "Notice on foreign exchange operations" (General Terms and Conditions of the Deutsche Bundesbank, Notice II) provides a list of all currencies accepted for foreign payment transfers.

Under CAM-Individual, deposit-taking credit institutions may only submit same-day USD credit transfer orders via USD accounts (see "correspondent banking") and liquidity transfer orders that are settled between their current accounts and other own accounts held either with the Bundesbank or another TARGET2 participant.

Submission and delivery of payments

Same-day euro credit transfers and foreign payment transfers can be submitted and delivered electronically using the following means of communication.

  • EBICS (Electronic Banking Internet Communication Standard)
  • Online banking via FinTS (only for account holders without a bank sort code)
  • SWIFT (for account holders with a bank sort code)

Processing and booking of payments

Same-day euro credit transfers

Same-day euro credit transfers submitted to CAM-Individual are processed as individual transactions and when they are received, in real time. Credit transfers submitted via EBICS or the online banking platform are executed on the same day, provided they are received within the stipulated CAM cut-off times. By contrast, payments submitted via SWIFT are forwarded on the specified execution date, which can be up to nine payment transaction business days after the date of submission.

Same-day euro credit transfers will only be effected if there is sufficient cover; payments without cover remain in a queue until such cover is available. Any payments still in the queue at the cut-off time for receipt of cover are automatically deleted.

Submitted credit transfers are either forwarded via TARGET2 or as a correspondent banking transaction.

Foreign payment transfers

Foreign payment transfers to be debited to a euro-denominated account are executed in accordance with standard market practices, ie with a two-day value date. Foreign currency orders submitted via EBICS or the online banking platform are always executed two payment transaction business days after the day on which the payment was submitted to CAM-Individual within the applicable acceptance times. However, for foreign payment transfers submitted via SWIFT, the Bundesbank begins processing such orders two payment transaction business days prior to the specified execution date (based on the conversion rate valid at that point in time), with settlement and booking of the payment occurring on the specified execution date.

Hence, foreign currency payments submitted via SWIFT need to be submitted at least two payment transaction business days prior to the desired execution date. If they are not submitted at least two days prior to the desired execution date, the payments are not rejected, but processed on the day of submission and executed two payment transaction business days after the submission date.

Foreign payment transfers will only be effected if there is sufficient cover; payments without cover remain in a queue until cover is provided. Any payments still in the queue at the cut-off time for receipt of cover are automatically deleted.

The submitted credit transfers are forwarded as part of the Bundesbank’s correspondent banking business.

Procedural rules

Further information on CAM-Individual is contained in the Bundesbank's procedural rules for the clearing and settlement of same-day euro credit transfers and foreign payment transfers in Customer Access Mechanism-Individual (CAM-Individual) (Procedural rules for CAM-Individual).

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