1. Status of SEPA Migration Austria Czech Banking Association 21 September 2010

2. 2 Founded in 2005 Members 10 of Austria´s largest banks Austrian National Bank (OeNB) Austrian Banker´s Association Chamber of Commerce Secretariat: STUZZA GmbH Main Purpose Coordination of implementation strategies concerning SEPA in Austria  APC is the hub of the decision making process related to administrative and technical issues of SEPA („national community“) Austrian Payments Council (APC) / 1 21 September 2010Czech Banking Association

3. Austrian Payments Council (APC) / 2 3 Issues of the APC External representation of the Austrian banking community EPC EU ECB National authorities and Stake- holder APCAPC Specification of necessary administrative and technical changes in processing payment transactions Monitoring and support of implementation board level information 21 September 2010Czech Banking Association

4. Legal + ‚Infrastructure‘ PSD transposition Law is effective since 1 November 2009 („Zahlungsdienstegesetz“ - ZaDiG) BIC / IBAN on all account statements - since 2002 on all bank cards: started 2008  to be completed 2010 Conversion Service for PAs and corporates: offered since 2008 more than 8 Mio. accounts converted so far CID-Service offered since June 2009 about 430 CIDs assigned up to now 21 September 2010Czech Banking Association 4

5. SEPA Adherence All banks offering national direct debits are reachable for SDD Core (Regulation 924/2009 ). 5 Sept. 2010 SCT725 SDD Core710 SDD B2B620 SDD Fixed Amt.- 21 September 2010Czech Banking Association

6. SCT Migration / 1 6 1st HY 2010: 37% of SCT transactions domestic (federal government started SCT mass payments in June 2009) 1st HY 2010 : 5,5% of Austrian credit transfers are SCT 21 September 2010Czech Banking Association

7. SCT Migration / 2 about 4% of all credit transfers are x-border. about 80% of x-border CTs qualify for SCT increase of SCT from 19% in 2008 to over 60% in 2010 7 21 September 2010Czech Banking Association

8. SCT - Situation in the Market Corporates still waiting for ‚full XML-package‘ (SCT + SDD + account statements) slow migration without end-date (one end-date for SCT and SDD preferred) Public Authorities domestic mass payments in use since June 2009 federal government: 67% of outgoing payments will be migrated by July 2010 100% of outgoing payments planned for 2011 regional entities following slowly (benefitting from experience) 8 21 September 2010Czech Banking Association

9. SDD Migration ~ 6 million SDD transaction Jan. – Jun. 2010; approx. 3% of direct debit transactions Vast majority SDD Core All banks process substantial numbers of SDD transactions – ready for mass production 9 21 September 2010Czech Banking Association

10. SDD – Situation in the Market Corporates large creditors (insurances, utilities, telecom) are interested some have started to use SDD for x-border transactions one building society has completely migrated to SDD (~ 13 Mio. transactions p.a.) Public Authorities Austrian PA-entities do not use direct debit Consumers little awareness of SDD because migration work is driven by banks and creditors no exchange of mandates creditors use BIC/IBAN service debtors are informed by creditors but have no active role. 10 21 September 2010Czech Banking Association

11. SDD - Open Issue Migration of domestic direct debit no refund scheme (“Lastschrift“) to SDD 11 DebtorMigration Corporate  will be migrated to SDD B2B Consumer  If ‘no refund’ no longer required: will be migrated to SDD Core  If ‘no refund’ also required in future: migrate to SDD Core no refund (as per PSD - not available yet) 21 September 2010Czech Banking Association

12. Status SEPA Cards Migration to EMV standard (chip) 12 Status Cards (debit and credit)100% ATM100% POS60% (to be completed in 2011) 21 September 2010Czech Banking Association

13. e-Payments Austrian e-payment scheme “eps online payment” will be SEPA compliant by the end of 2010 (BIC/IBAN + SCT) Austria liaises with other European e-payment schemes (DE, NL) to reach interoperability e-payment framework will provide ‘missing link’ between existing schemes. 13 21 September 2010Czech Banking Association

14. Information - Communication National Stakeholder Forum (2x/year; next meeting in May 2010) media (press, TV etc.) work concentrated on PSD transposition rather than SEPA migration APC provides information (presentations, discussions, training) to corporates and IT-providers regurlarly Consumers in Austria migration of cards (debit and credit): completed access to BIC/IBAN: completed by end 2010 migration to SCT: driven by PA’s and Corporates migration to SDD: driven by Creditors 14 21 September 2010Czech Banking Association

15. Stiftgasse 15-17 A-1070 Wien Phone: +43/1/505 32 80-0 Fax:+43/1/505 32 80-77 E-Mail: office@stuzza.at Thank you for your attention Alexander Schilling