Are you a SEPA strategic thinker?

Interactive quiz sponsored by SAP and supported by The SEPA Consultancy

With the first of several SEPA compliance milestones just months away, how far have you come in reflecting the realities of SEPA in your actions and strategic planning? Are you still focused on short-term implications, or are you looking further ahead?

Take this quiz and see what your answers reveal and get the executive report analysing all answers at Sibos 2007.

1. January 2008 is when:
a. My organisation will not have signed the SEPA Credit Transfer Adherence agreement before 'go live' date. b. We will have signed the Credit Transfer Adherence Agreement for handling SEPA Credit Transfer in the bank to bank space only. c. We will have signed the Credit Transfer Adherence Agreement to accept credit transfers from corporate customers as well as bank to bank.
2. What messaging changes have you made to support SEPA Credit Transfer compliance?
a.We're just converting our old message types to comply with the SEPA framework b. We've embraced the SEPA-compliant UNIFI (ISO 20022) XML in the bank-to-bank messaging space only c. We've moved to UNIFI XML for bank-to-bank and customer-to-bank payment messages
3. When it comes to SEPA direct debits, what stage is your organisation at?
a. We're not doing anything until the Payment Services Directive is transposed in our country. b. We're are currently working through the business and technical requirements. c. We are implementing the phase 1 business and technical requirements and are now designing the electronic debit products – for example: mandate creation and management, bill presentment and payment, – to help enhance our payments business.
4. What level of engagement have you had with corporate customers regarding SEPA?
a. We've had some discussions with corporate customers about SEPA, but won't work out the implications for them until we've got our own SEPA strategy formulated. b. We are already talking with key corporate customers about helping them rationalise the number of accounts they hold with banks in Europe, dependent on the liquidity and tax implications. c. We are involved in discussions with our corporate customers about using SEPA as a catalyst for greater standardisation and integration of the financial and physical supply chains.
5. How does your organisation view the Payment Services Directive?
a. We're still not sure of its implications for our business. b. It's the legal framework we've been waiting for so we can tick all our SEPA compliance boxes. c. It's a catalyst for industry change and the realisation of new business opportunities.
6. By 2010, what will your bank's payment business look like?
a. We currently do not know - your guess is as good as mine. b. Probably much the same as today – but with the basic priority payments and SEPA instruments supported. c. Possibly very different – we're evaluating in/co/outsourcing options, looking for opportunities based on the common European infrastructure and closely monitoring emerging payment segments such as mobile and peer-to-peer.
7. By 2010, what will your bank's IT infrastructure for payments look like?
a. Many of the same systems as today, with some duplication across individual platforms for domestic and SEPA payments, high and low value transactions and different lines of business, but with pretty good integration. b. Some level of shared payments platforms, tying together either high and low value transactions or domestic and SEPA payments. c. A single enterprise-wide payments hub supporting all payment types with standardised interfaces to other systems and clearing and settlement mechanisms.
8. When do you think that the SEPA Credit Transfer schemes will be used in your country to substitute the current domestic schemes?
a. Before 2009 b. In 2009 - 2012 c. In 2013 or later
9. When do you think that the SEPA Direct Debit schemes will be used in your country to substitute the current domestic schemes?
a. Before 2009 b. In 2009 - 2012 c. In 2013 or later
10. When do you think that the SEPA Direct Debit schemes will be fully implemented by all banks in all SEPA countries?
a. Before 2009 b. In 2009 - 2012 c. In 2013 or later
Thanks for taking part in our quiz. Before we let you know what your answers reveal about your organisation's position regarding SEPA, we’d like to ask you who you are. We’re not going to publish your answers, link them to you in any way or use your contact details for advertising, but we are going to aggregate and analyse all answers to our quiz anonymously to get a view of what the European banking industry thinks about SEPA.
The results of this analysis will be unveiled at SIBOS in Boston on Wednesday 3 October at 15:30 in the Open Theatre on the exhibition floor. We can also send you the report before SIBOS at the end of September, if you prefer.
Name*
Job title*
Organisation*
Email address*
Would you like us to send you the report on SEPA Strategic Thinking at the end of September?
yes no
What is your organisation's primary line of business?
a. Retail bank b. Wholesale/investment bank c. Full service bank (both retail and wholesale) d. Other, please specify
Other
In which country is your organisation located / is your SEPA strategy driven from?*
country
What is your primary responsibility area?
a. Business development (product management/strategy/sales) b. IT/ operations

Please email contact@finextra.com if you have any questions.