The Bundesbank’s RPS SEPA-Clearer provides a competitively neutral, high-performance and cost-effective payment procedure for the processing of SEPA payments. When processing submitted payments, a distinction is made between SEPA credit transfers and SEPA direct debits, as well as (with effect from April 2015) SCC card payment. Inbound and outbound communication occurs exclusively by means of data telecommunication via SWIFTNet FileAct or EBICS (Electronic Banking Internet Communication Standard). Several processing cycles are provided in the course of each processing day. Payment processing in the RPS SEPA-Clearer is effected in line with the TARGET2 calendar. The values of successfully processed payments are settled in gross terms using accounts in the TARGET2 payments module. To this end, it is also possible to make use of the account of a settlement agent. To facilitate the processing of SEPA payments to and from other SEPA countries, the Bundesbank maintains a number of bilateral cooperative agreements with other European SEPA clearing houses and is connected to EBA CLEARING’s STEP2 Clearing System. This ensures that the Bundesbank is able to provide its participants with secure, Europe-wide access in order to process their SEPA payments. The Bundesbank is valued by the banking industry as a reliable and neutral partner.
National, non-SEPA payments by credit institutions (particularly cheques and card-based transactions) will continue to be processed using the DTA processing procedure within the RPS until such time as the required XML procedures have been introduced in Germany. Here too, the SWIFTNet-FileAct and EBICS communication processes can be used. Several processing cycles are provided during each processing day. Payments are settled in accordance with the gross settlement principle in the payments module of the TARGET2 platform. The DTA processing procedure will cease to operate once the national DTA format has been discontinued.