Page Migration Payment Traffic Switzerland "Standard presentation for banks" The following explanations are intended to support banks while communicating with their customers. They are based on the datasheet available at migration-pt.ch. migration-pt.ch Status: May

Page 2 Agenda  Introduction  Status with regard to credit transfers  Status with regard to payment slips  Status with regard to direct debits  Communication/Contact

Page Agenda  Introduction  Status with regard to credit transfers  Status with regard to payment slips  Status with regard to direct debits  Communication/Contact 3

Page The Migration Payment Traffic Switzerland initiative 4  Who? SIX Interbank Clearing Ltd as the Swiss financial center's decision body with regard to payment traffic

Page The Migration Payment Traffic Switzerland initiative 5  What? The diversity of schemes, standards & formats for credit transfers, payment slips & direct debits is being harmonized – as much as the processing of interbank payments & of payments between banks and their customers is concerned.

Page The Migration Payment Traffic Switzerland initiative 6  How? Interconnected with the Swiss banks & software providers, various working groups of the financial center are aiming to implement the initiative in order to reduce & standardize the numbers of payments instruments for an even more effective, efficient & flexible payments processing.

Page The Migration Payment Traffic Switzerland initiative 7  When? In 2012, the decision was taken to stop supporting the current schemes, standards & formats for credit transfers as of the 2nd quarter 2018 payment slips as of 1 July 2020 The new schemes, standards & formats are to be introduced for: credit transfers as of 16 April 2015 payment slips as of 1 July 2018 direct debits as of 2016

Page The Migration Payment Traffic Switzerland initiative 8  Why? The initiative was triggered by the creation of the Single Euro Payments Area (SEPA), which currently consists of 34 European countries – including Switzerland. In SEPA, the former various national schemes, standards & formats were replaced by a unified set of instruments for the euro payment traffic.

Page Agenda  Introduction  Status with regard to credit transfers  Status with regard to payment slips  Status with regard to direct debits  Communication/Contact 9

Page Status with regard to credit transfers  Today: DTA & EPO Bank xCustomer yInput software of customer y Need for adaptation Compulsory use of IBAN till 2020  Tomorrow: ISO Input software of customer y pain.001 pain.002 camt.052 camt.053 camt.054 Bank x Customer y Notification of processing Account status report Account statement Credit & debit advice Payment order

Page Agenda  Introduction  Status with regard to credit transfers  Status with regard to payment slips  Status with regard to direct debits  Communication/Contact 11

Page Status with regard to payment slips  Today: red, orange, IPI Bank xBiller yInput software of customer y camt.054 Payment credit Need for adaptation  Tomorrow: inpayment slip with data code Input software of customer y Bank x Payment order Biller y Forms inventories Debtors of biller y Need for communication

Page Agenda  Introduction  Status with regard to credit transfers  Status with regard to payment slips  Status with regard to direct debits  Communication/Contact 13

Page 14 Status with regard to direct debits  Today: LSV + /BDD/Debit Direct Biller y Input software of customer y Debtor of biller y Bank x (E-banking, file transfer) Debit authorization (option 2) Debit authorization (option 1)

Page Direct debit Status with regard to direct debits 15 Bank x (E-billing system) Biller y Input software of customer y Debtor of biller y  Tomorrow: Direct debit/ e-bill combined E-bill Debit authorization Need for adaptation Biller y Input software of customer y Debtor of biller y PostFinance (E-Finance, file transfer)  Tomorrow: SEPA- compliant direct debit scheme

Page Agenda  Introduction  Status with regard to credit transfers  Status with regard to payment slips  Status with regard to direct debits  Communication/Contact 16

Communication/Contact