More NewsABN AMRO Makes SEPA Announcements at Sibos

ABN AMRO Makes SEPA Announcements at Sibos

At a breakfast session on Tuesday, 2 October, ABN AMRO, Capgemini and the European Financial Management and Marketing Association presented the World Payments Report 2007. The report, now in its third year, considers world payment trends, with a particular emphasis on developments towards a single euro payments area (SEPA) in Europe. A key finding of the report is that regulators will need to provide incentives to ensure European public administrations and corporations adopt the new SEPA instruments. ABN AMRO has also demonstrated its commitment to SEPA compliance by signing the SEPA adherence agreement at a ceremony that took place at the stand for the European Central Bank. The bank has also converted legacy payments to SEPA XML. Financial institutions may deliver payment instructions to ABN AMRO via ABN AMRO’s AccessDirect, SWIFT FIN or FileAct in either legacy or SEPA-compliant (FileAct XML) formats. Instructions received in legacy formats can be converted to SEPA XML formats for onward routing through SEPA compliant clearing and settlement mechanisms. Similar options are available for corporate clients based in 17 European countries who wish to make euro payments. Corporates may also deliver instructions to ABN AMRO in Edifact format, easing transition to the new message types.

Related Articles

Infosys Finacle to power Santander UK’s international cash management system

More News Infosys Finacle to power Santander UK’s international cash management system

4w The Global Treasurer
Preparing for GDPR? Here’s four things to consider

More News Preparing for GDPR? Here’s four things to consider

4m Elliott Wiseman
Cash flow in focus for investors

Cash Management Cash flow in focus for investors

5m Conor Deegan
Treasury TV: Karen Pugsley, Domino's Pizza Group

More News Treasury TV: Karen Pugsley, Domino's Pizza Group

5m Victoria Beckett
Treasury TV: Yeng Butler compares US and European MMF reforms

Compliance Treasury TV: Yeng Butler compares US and European MMF reforms

5m Victoria Beckett
Treasury TV: Tim de Knegt, The Port of Rotterdam

10 Minutes With The Treasury Treasury TV: Tim de Knegt, The Port of Rotterdam

6m Victoria Beckett
Banks are selling clients short with short dated cash deposit U-turns

Banking Banks are selling clients short with short dated cash deposit U-turns

6m Victoria Beckett
What does sterling’s Brexit boost mean for UK manufacturers?

More News What does sterling’s Brexit boost mean for UK manufacturers?

6m Tasja Botha