Copyright © 2012 Automated Clearing House (EG-ACH) EG-ACH Direct Credit for Corporate.

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Copyright © 2012 Automated Clearing House (EG-ACH) EG-ACH Direct Credit for Corporate

Copyright © 2012 Egyptian Banks Company CBE - Payment and Settlement Systems  In its effort to develop payment systems in Egypt,  CBE has established Real Time Gross Settlement (RTGS) system for large value payments,  CBE has assigned EBC with the development of the Automated Clearing House (ACH) system for bulk payments. 2 RTGS ACH CCH EGP CCH EGP CCH USD, EURO CCH USD, EURO Mobile Central Bank of Egypt Banks 123 EBC Role CBE Role

Copyright © 2012 Egyptian Banks Company EG-ACH Introduction  The Egyptian Automatic Clearing House (EG-ACH) is a nationwide Electronic Funds Transfer (EFT) network.  EG-ACH processes batches of interbank Credit and Debit transactions.  EG-ACH facilitates a wide range of (B2B, B2C, C2C) payments such as salary distribution, supplier payment, governmental payments, pension distribution and many more. 3

Copyright © 2012 Egyptian Banks Company EG-ACH Characteristics  Batch system  Credit Transfers & direct debit to/from all banks  High volume, Low value transactions  Low Cost  Non-Real time  Ability to cancel/reject transactions  Multi-lateral settlement  Support for forward value dates 4

Copyright © 2012 Egyptian Banks Company EG-ACH Workflow 5 Originating Bank Receiving Bank Payees: Individuals Payers: Corporations RTGS  Corporate  Individual  Corporate  Individual Funds Movement

Copyright © 2012 Egyptian Banks Company ACH Benefits for Corporate  Cash management  Initiate all payments from one bank account  Business-to-Business payments (Supplier payments, Merchant payments)  Improves cash flow management  Reduces processing cost (No paper work, less time)  Easy recurring payments  Reduce domestic transfers transaction cost  Secure and cost effective mechanism to eliminate cash transfer risk 6

Copyright © 2012 Egyptian Banks Company EG-ACH Usage for Corporate  Business to Business Payments  Payment for customers (Same day/Forward value).  Supplier Payments  Payroll 7

Copyright © 2012 Egyptian Banks Company 8

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