SEPA product card

Since the 1st of August 2014, all your Euro payments performed from Euro-based countries towards the SEPA area (33 countries) must follow the SEPA Regulation. This big step towards a single domestic market being achieved, the next challenges are yet to come:

• By February 2016, countries that declared niche products will replace these products either by integrating them into existing schemes or by introducing Additional Optional Services (AOS). This will come together with the expiration of waivers that still allow the use of non-XML formats in some countries (e.g. Italy, Portugal, Spain).
• By October 2016, all non-Euro countries will have to migrate to SEPA as well, but only for their transactions in Euro.

Collections

• Collect your receivables everywhere you are present: benefit from a worldwide footprint but with local depth expertise.
• Have access to the local channels and formats.
• Fasten your collection process with advisory and automated reconciliation solutions.
• Collect in diverse collection instruments and allow your clients to pay you in standard but also local means of payments.
• Collect everywhere, even if you don’t have a local presence.
• Improve your visibility and cash forecasting with global e-banking tools and centralised processes.
• Manage and optimise your costs and risks.

Payments

International payments bring specific challenges.

A global economy implies international flows, and these are on the uptrend. Post-SEPA, European corporations are looking ahead and are ready to address the challenges of international payments. But while SEPA harmonises the payment landscape within Europe, it remains largely heterogeneous outside.

How can your company optimise its international payment flows?

• BNP Paribas brings advise
• BNP Paribas brings solutions
• BNP Paribas brings confidence

Discover full details in the leaflet.

SEPA Newsletter (March 2015)

Some direct debit transactions need to be handled in exceptional ways because one of the parties involved does not or cannot process the collection in a normal way.

BNP Paribas gives you more information on this topic in the following newsletter:

International Payments

With Cash Management being a key activity, BNP Paribas has developed unique capabilities for ensuring fast, precise and secure international payments. We commit to continuous investments in our offerings and always strive to go the extra mile on advisory, implementation and client servicing.

Payments Centralisation

Finance and accounting activities such as payments, reconciliation, cash allocation and forecasting, and in some cases collections are amongst those that can be centralised successfully. Centralising payments is often a logical first step, enabling companies to standardise processes, rationalise technology platforms and bank connectivity, and build centres of expertise.

Notional Cash Pooling

Notional cash pooling allows corporates to optimise Group’s liquidity without co-mingling of funds thanks to a virtual offsetting of credit and debit account balances across multiple currencies.

Cash Management in The Netherlands

To support companies that operate home or abroad, the bank can rely on a robust SEPA offering and extensive liquidity management solutions, in addition to a complete currency and cash collection offering. Our back-, middle- and front-offices located in several Dutch cities are dedicated to meeting specific local challenges while customising solutions to cater for specific needs.

Renminbi

An increasing number of European companies adopts renminbi for their international payments so as to develop and strengthen their relations with China. With over 14,000 employees and a presence in 12 markets, BNP Paribas is strongly rooted in Asia Pacific with an uninterrupted presence since 1860.