What kind of services does Deutsche Bank offer to corporate clients with regards to SEPA?
MR. Deutsche Bank already set out its SEPA strategy for its corporate clients in 2007. Firstly, we treat all payments with SEPA criteria in the same way as legacy domestic mass payments, irrespective of format and access channel. This approach delivers immediate and significant savings for clients. By effectively treating all payments, regardless of amount, as domestic transactions, Deutsche Bank goes far beyond the requirements of the current EU Regulated Payment pricing model applicable to payments below a threshold of €50 000. Secondly, the bank insulates clients in their migration to SEPA through the enhancement of internationally popular payment formats such as IDOC, CSV and EDIFACT to alleviate the need for clients to have to immediately change their payment processes and infrastructure to provide and deliver the official SEPA format – XML. In addition, we have developed a number of new product features aimed at helping clients with their transaction initiation and reconciliation
