Standardisierung im Zahlungsverkehr das können EBICS, CGI ... · 10 divisions2 as entrepreneurs 738 corporate entities1 14,7m payments handled by Central Treasury with a total amount

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



Agenda

Siemens 1



Communication 4



Siemens: Our Business Scope



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/



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



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



Agenda

Siemens 1



Communication 4



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

https://corporates.swift.com/en/common-global-implementation-0









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











• 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











Agenda

Siemens 1



Communication 4



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



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



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



Actual status of CGI implementation

already live

in work

planning



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



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



Agenda

Siemens 1



Communication 4



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



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



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: [email protected]

Web: www.siemens.com/finance

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Documents

Standardisierung im Zahlungsverkehr das können EBICS, CGI ... · 10 divisions2 as entrepreneurs 738 corporate entities1 14,7m payments handled by Central Treasury with a total amount