Country Focus neu

Country Focus

International Cash ManagementFor Corporate Customers in Austria, Azerbaijan, Bosnia & Herzegovina, Bulgaria, Croatia, Czech Republic, Germany, Hungary, Italy, Poland, Romania, Russia, Serbia, Slovakia, Slovenia, Turkey, Ukraine.

June 2015

Table of contents

1 Introduction UniCredit 4

1.1 UniCredit at a glance 4

1.2 UniCredit’s network in CEE 5

1.3 UniCredit in Austria,

Germany, Italy and CEE 6

1.4 UniCredit’s membership in the Inter-

national Banking Association “IBOS” 7

1.5 Information available via Internet 8

2 Account opening and account maintenance 9

3 Payments in Austria, Germany, Italy and CEE 11

3.1 Payment transactions – overview 12

3.2 FlashPayment 13

4 Direct debits 15

4.1 Processing methods 15

4.2 Direct debits – overview 17

5 SEPA 20

5.1 SEPA Credit Transfer 20

5.2 SEPA Direct Debit 21

6 Cash management message types – camt 22

7 Local clearing systems 23

8 SWIFT messages 26

8.1 Account information 26

8.2 Operating the account 26

9 Pooling methods offered by UniCredit 27

9.1 Local cash concentration 27

9.2 Cross-border cash concentration 28

9.3 Cash management – tax and legal

implications on effective pooling 29

9.4 Trustee interest calculation 29

10 EuropeanGate 30

11 SWIFTNet for corporates 31

11.1 UniCredit and SWIFT 31

11.2 UniCredit’s SWIFTNet proposition 31

12 MultiCash 32

13 BusinessNet in CEE 33

14 Country by country – selected products at a glance 34

4 Country Focus June 2015

1 Introduction UniCredit1.1 UniCredit at a glance• Employees: approx. 130,000• Approx. 8,000 branch offices• Banking operations in 17 countries• International network spanning: ~ 50 countries• Market leader in Central and Eastern Europe

leveraging on the region’s structural strengths


1.2 UniCredit’s network in CEECEE Region:€ 125 bn total assetsabout 2,500 branchesabout 50,000 employees

Poland: № 2€ 35 bn, 11 %; 1,001

Czech Republic: № 4€ 13 bn, 7 %; 109

Slovakia: № 5€ 4 bn, 7 %; 78

Hungary: № 7€ 6 bn, 6 %; 85

Slovenia: № 5€ 3 bn, 7 %; 28

Croatia: № 1€ 14 bn, 26 %; 129

Bosnia and Herzegovina: № 1€ 2.6 bn, 22 %; 116

Serbia: № 3€ 1.9 bn, 8 %; 77

Bulgaria: № 1€ 8 bn, 17 %; 203

Romania: № 5€ 6.4 bn, 7 %; 186

Turkey: № 5€ 22 bn 9 %; 1.008

Azerbaijan: № 13€ 92 m, 1 %; 10

Ukraine: № 5€ 4 bn, 4 %; 377

Russia: № 9€ 19 bn, 2 %; 103

Country: №Total assets, share*; branches

* all countries at 100 %


1.3 UniCredit in Austria, Germany, Italy and CEE1.3.1 AustriaUniCredit Bank Austria AGWebsite: www.bankaustria.atBranches: approx. 269, for full details please visit the website (English version) and click on “Find a branch”.

1.3.2 GermanyUniCredit Bank AG* (HypoVereinsbank)Website: www.hvb.deBranches: approx. 500, for full details please visit the website, click on “Standorte – Filialen in Ihrer Nähe”.

1.3.3 ItalyUniCredit S. p. A.Website: www.unicreditgroup.euBranches: approx. 4,400.

1.3.4 AzerbaijanYapı Kredi AzerbaijanWebsite: www.yapikredi.com.azBranches: 13

1.3.5 Bosnia and HerzegovinaUniCredit Bank d. d., MostarWebsite: www.unicreditbank.baBranches: 79, for full details please visit the website(English version) and click on “Branch Locator”.

UniCredit Bank a.d. Banja LukaWebsite: www.unicreditbank-bl.baBranches: 37, for full details please visit the website(English version) and click on “Branch Locator”.

* entered as such in the German Register of Companies

1.3.6 BulgariaUniCredit Bulbank ADWebsite: www.unicreditbulbank.bgBranches: approx. 203, for full details please visit the website and click on “Find Branches/Find ATMS”.

1.3.7 CroatiaZagrebačka banka d. d.Website: www.zaba.hrBranches: 129, for full details please visit the website (English version) and click on “About the Bank” and “Branch and ATM”.

1.3.8 Czech RepublicUniCredit Bank Czech Republic and Slovakia, a. s.Website: www.unicreditbank.czBranches: 109, for full details please visit the website(English version) and click on “Map of Branches and ATMs”.

1.3.9 HungaryUniCredit Bank Hungary Zrt.Website: www.unicreditbank.huBranches: 85, for full details please visit the website and click on “ATM’s and Branches”.

1.3.10 PolandBank Pekao SAWebsite: www.pekao.com.plBranches: approx. 1,035, for full details please visit the website (English version) and click on “Branches and ATM’s”.


1.3.11 RomaniaUniCredit Bank SAWebsite: www.unicredit-tiriac.roBranches: approx. 186 for full details please visit the website (English version) and click on “Branches & ATMs”.

1.3.12 RussiaAO UniCredit BankWebsite: www.unicreditbank.ruBranches: approx. 103, for full details please visit the website (English version) and click on “Branches”.

1.3.13 SerbiaUniCredit Bank Serbia JSCWebsite: www.unicreditbank.rsBranches: 77, for full details please visit the above website (English version) and click on “Contact” and “Branches and ATMs”.

1.3.14 SlovakiaUniCredit Bank Czech Republic and Slovakia, a. s., pobočka zahraničnej bankyWebsite: www.unicreditbank.skBranches: 78, for full details please visit the website (English version) and click on “Branch locator”.

1.3.15 SloveniaUniCredit Banka Slovenija d. d.Website: www.unicreditbank.siBranches: 28, for full details please visit the website (English version) and click on “Branch finder”.

1.3.16 TurkeyYapı ve Kredi Bankasi A. S.Website: www.yapikredi.com.trBranches: 1.008, for full details please visit the website (English version) and click on “Nearest Yapı Kredi”.

1.3.17 UkraineUniCredit Bank Ukraine (PJSC “Ukrsotsbank”)Website: www.unicredit.uaBranches: 377, for full details please visit the website (English version).

1.4 UniCredit’s membership in the Inter national Banking Association “IBOS”As member of the IBOS association we offer via the IBOS offices in Austria, Germany and Italy – as a single point of entry for corporate clients – overall support for account openings (for residents and non-residents, in local and foreign currency) and the installation of electronic banking services (including cash management solutions) at the IBOS member banks.

Main countries covered: Belgium, Canada, Denmark, Finland, France, Great Britain, Ireland, Netherlands, Norway, Portugal, Sweden, Spain, USA, where roundabout 30,000 branches are available to meet the clients’ needs.

Website: www.ibosassociation.com


1.5 Information available via Internet1.5.1 Local and international presence

Bank AustriaRegistered Head Office: UniCredit Bank Austria AG Schottengasse 6 – 8 1010 Vienna/AustriaWebsite: www.bankaustria.at Austrian branch offices: “Branch Locator”International Network: “International”

→ “Global Network” or “Central and Eastern Europe”

HypoVereinsbank (HVB)Registered Head Office: UniCredit Bank AG (HypoVereinsbank) Kardinal-Faulhaber-Str. 1 80333 Munich/GermanyWebsite (domestic): www.hvb.de

UniCredit S. p. A.Registered Head Office: UniCredit S. p. A. Via A. Specchi 16 00186 Rome/ItalyWebsite: www.unicredit.eu

General information on Global Transaction BankingWebsite: www.gtb.unicredit.eu

1.5.2 CEE-specific information

The publications listed below are available – free of charge – in English or bilingual (English/German or English/local language); they can be either downloaded from the Internet (PDF files) or ordered as brochures:

Please visit BA’s website www.bankaustria.at and click on “English Version”

• “Central and Eastern Europe”• “CEE Publications”• “Publications”

You can then choose from several reports.

2 Account opening and account maintenance 9

2 Account opening and account maintenance

We have summarised the most important features relating to the opening and maintenance of current accounts in CEE:

• Resident legal entity, domiciled in the respective country• Non-resident legal entity, NOT domiciled in the respective country• NB National Bank or Central Bank

With our Cross Border Account Opening Service accounts in almost all below mentioned countries can be opened centrally via one single point of entry (the availability of this service for a country depends on eventual legal restrictions).


Residents Non-ResidentsLocally Abroad Locally Abroad

Country Local Currency LCY FCY LCY FCY LCY FCY LCY FCYAustria EUR – Euro Y Y Y Y Y Y Y YBosnia and Herzegovina BAM – Convertible Marka Y 6 Y 6 Y Y Y 6 Y 6 Y YBulgaria BGN – Bulgarian Lev Y Y Y Y Y Y Y YCroatia HRK – Croatian Kuna Y Y Y Y Y Y Y YCzech Republic CZK – Czech Koruna Y Y Y Y Y Y Y YGermany EUR – Euro Y Y Y Y Y Y Y YHungary HUF – Hungarian Forint Y Y Y Y Y Y Y YItaly EUR – Euro Y Y Y Y Y Y Y YPoland PLN – Polish Zloty Y Y Y2 Y2 Y Y Y YRomania RON – Romanian Leu Y Y Y Y Y Y Y YRussia RUB – Russian Rouble Y Y 5 Y 1 Y 1 Y 5 Y 5 Y 1 YSerbia RSD – Dinar Y Y N Y 3 Y 4 Y Y YSlovakia EUR – Euro Y Y Y Y Y Y Y YSlovenia EUR – Euro Y Y Y Y Y Y Y YTurkey TL – Turkish Lira Y Y Y Y Y Y Y YUkraine UAH – Ukrainian Hryvna Y Y N Y 1 Y 4 Y 4 N Y

Y: permitted; N: not permitted; LCY: local currency; FCY: foreign currency1 The opening of accounts abroad and maintenance of accounts is subject to certain restrictions.2 The opening of accounts abroad as well as balances and certain types of deposits kept on accounts abroad have to be reported to the country’s NB.3 The opening of accounts is subject to the NB’s approval or licence. Approval or licence is granted to companies that

• have representative offices or run capital investment projects abroad and need the account for conducting business and/or• need the account for pursuing foreign trade activities.• In some countries the conversion of currencies or purchase of FCY (against LCY) is only permitted in connection with a foreign payment.

4 Special-purpose accounts only.5 Accounts have to be opened exclusively with authorised banks.6 The opening of accounts is only permitted with personal attendance of the client

Exception: The account opening is done in cooperation with other member banks of UniCredit, where the client has already attended personally.

3 Payments in Austria, Germany, Italy & CEE 11

3 Payments in Austria, Germany, Italy and CEE

The following section focuses on the features specific to the relevant countries in relation to the processing of commercial payments.

• LCY Local Currency• FCY Foreign Currency• NB National Bank or Central Bank

Domestic Payments are• payments in LCY within the country-border,• payments between residents or• in Germany and Romania payments in LCY even

between residents and non-residents

Cross-border Payments are• payments which are crossing the country’s borders or• payments in FCY (even if NOT crossing the country’s

borders) or• in some countries, payments in LCY between

residents and non-residents.

Cross-border Payments within the EU Member States:The regulation (EC) No 924/2009, which replaced the Regulation (EC) No 2560/2001, stipulates that the fees levied for a cross border euro payment to a member state may not be exceed the amount of fees levied for a similar domestic euro payment in the same member country. The regulation applies to credit transfers, direct debits and also cash withdrawals at cash dispensers (ATMs) in Euro within the EEA (European Economic Area). It does not apply however for cash remittances and to cheque payments.

Other member states of EEA (European Economic Area), Iceland, Norway and Liechtenstein joined this regulation, hence fees levied for euro payments to the above countries are also not higher than the fees for a domestic payment.

Criteria of EU regulated payments: Payment within the EU countries**, plus Iceland, Liechtenstein and Norway• Currency of the payment = EUR• Indication of IBAN (= the International Bank Account

Number)• and BIC (= the bank’s SWIFT address)• Fee sharing between payer and beneficiary (code

“SHA”)

The impact of the EU Regulation on member states of the non-euro zoneIn countries of the non-EUR zone, especially in the CEE countries an EUR payment within the domestic bor-ders is a foreign currency payment. The EU Regulation has locally no, or only limited effect on the levied fees.

** i. e. (as of 01/2015): Austria, Belgium, Bulgaria, Croatia, Cyprus, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Ireland, Italy, Latvia, Lithuania, Luxembourg, Malta, Netherlands, Poland, Portugal, Romania, Slovakia, Slovenia, Spain, Sweden, United Kingdom


3.1 Payment transactions – overview

Country

Payment transfers within the stated country

Payment transfers to/from another country

residentto/from

resident a/c

residentto/from

non-resident a/c

non-residentto/from

non-resident a/cto/from

resident a/cto/from

non-resident a/cLCY FCY LCY FCY LCY FCY LCY FCY LCY FCY

Austria3 D CB CB CB CB CB CB CB CB CBBosnia and Herzegovina D N D CB6 D CB6 CB6 CB1 CB1 CB6

Bulgaria4 D CB D2 CB2 D CB CB1 CB1 CB1 CB1

Croatia4 D N D D D D CB CB CB CBCzech Republic4 D CB D CB D CB CB CB CB CB Germany3 D CB CB CB CB CB CB CB CB CBHungary4 D CB D CB D CB CB CB CB CBItaly3 D CB CB CB CB CB CB CB CB CBPoland4 D CB D CB D CB CB CB CB CBRomania4 D CB D2 CB2 D CB CB CB CB2 CB2

Russia D N D5 CB5 D5 CB CB5 CB5 CB5 CB5 Serbia D CB6 CB1 CB6 CB1 CB1 N CB1 N CB1

Slovakia3 D CB D CB D CB CB CB CB CBSlovenia3 D CB CB CB CB CB CB CB CB CBTurkey D D/CB7 D D/CB7 D D/CB7 CB5 CB5 CB5 CB5 Ukraine D CB1 D5 CB1 N N N CB1 N CB1

LCY: local currency; FCY: foreign currency; D: processed as a domestic transfer; CB: processed as a Cross-Border Transfer; N: not permitted;1 The NB’s reporting requirements stipulate that such payments can only be effected upon presentation of the originating documents (e. g. invoices, underlying

contracts; copies thereof are kept with the executing bank) indicating the reason of the payment and the reporting code(s) applicable to the transaction. In some cases, approval of the NB is required too.

2 The NB’s reporting requirements stipulate that for such payments a statistical declaration indicating the reason of the payment and the country of origin has to be submitted. Romania’s limit for individual reporting € 50,000 or equivalent; Bulgaria’s limit for individual reporting BGN 100,000 or equivalent. Slovakia’s limit for euro payments = € 50,000, declaration mandatory for all other currencies. Over € 100,000 additional description is mandatory.

3 EU member; local currency is the euro. The EU Regulation 924/2009 fully applies.4 EU member; local currency is not the euro. The EU Regulation 924/2009 partially applies.5 National Banks requirements stipulate that such payments are subject to special control by banks.6 under special conditions as by prescribed law7 held in Yapi Kredi payment is processed as a domestic transfer otherwise as a cross-border transfer.

3 Payments in Austria, Germany, Italy & CEE 13

3.2 FlashPaymentWe operate an extensive banking network in Austria, Germany, Italy and CEE with local banking units which hold a leading position in the individual country’s cross-border payments market. As our aim is that our customers benefit from our services, we have extended the range of our Network Products by creating a special service in the field of payment transactions – the FlashPayment.

This service guarantees the rapid execution of cross-border payments within our banking network in Austria, Germany, Italy and CEE:

• The payment is credited to the recipient’s account with value D+1, i. e. on the banking day following the day instruction was issued.

• Regardless of how the payment order was transmitted, i. e. either paper-based or electronically and

• irrespective of the transfer amount.

On condition that both business partners maintain an account with our banking units, payments will be carried out automatically with an attractive value date, D+1.

Requirements for the FlashPayment:• Both payer and beneficiary have an account with us

(as cited in the list of network banks the following page).

• The payment currency is either the Euro or the local currency of the beneficiary: FlashPayment instructions can be issued in favour of an account denominated in the transaction currency and can only be credited to an account denominated in the same currency – without currency conversion.

• The payment order must show:• Beneficiary’s account number or IBAN (i. e. the

International Bank Account Number, if available)• Beneficiary’s bank’s BIC (i. e. the bank’s SWIFT

address).

Your benefits:If the product criteria are met, the payment is processed automatically and at no extra cost – to payer or beneficiary – as a FlashPayment.

NetworkProduct


3.2.1 UniCredit’s units which offer FlashPaymentCountry Name of the Bank BIC/Bank Identifier Code

Austria UniCredit Bank Austria AG, Vienna BKAUATWWBosnia and Herzegovina UniCredit Bank d. d., Mostar UNCRBA22Bulgaria UniCredit Bulbank AD, Sofia UNCRBGSFCroatia Zagrebačka Banka DD, Zagreb ZABAHR2X

Czech Republic UniCredit Bank Czech Republic and Slovakia, a. s., Prague BACXCZPP

Germany UniCredit Bank AG (HypoVereinsbank), MunichBankhaus Neelmeyer AG, Bremen

HYVEDEMMNEELDE22

Hungary UniCredit Bank Hungary Zrt., Budapest BACXHUHBItaly UniCredit S. p. A., Rome UNCRITMMPoland Bank Pekao SA, Warszawa PKOPPLPWRomania UniCredit Bank SA, Bucharest BACXROBURussia ZAO UniCredit Bank, Moscow IMBKRUMMSerbia UniCredit Bank Srbija JSC, Belgrade BACXRSBG

Slovakia UniCredit Bank Czech Republic and Slovakia, a. s., pobočka zahraničnej banky, Bratislava UNCRSKBX

Slovenia UniCredit Banka Slovenija d. d., Ljubljana BACXSI22Ukraine UniCredit Bank Ukraine (PJSC “Ukrsotsbank”), Kyiv UKRSUAUX

4 Direct debits 15

4 Direct debitsDirect debits (DD’s) make liquidity easier to manage as you know exactly when cash is flowing in or out of your account. This product enhances transparency for accounting (reconciliation) tasks and thus helps to improve your company’s financial planning.

Direct debits are an ideal means of payment in a business-to-consumer (B2C) as well as in a business to business (B2B) relationship.

In Austria and CEE, DD’s are generally available only in the respective country’s local currency and only on a domestic basis.

With regard to cross-border direct debits, UniCredit can provide you with individual solutions.

Your advantages:• Your advantage as a creditor:

Improved administration of receivables enables more efficient liquidity management.

Your advantage as a debtor:• Payables are initiated electronically by the payee and

automatically debited on payer’s account. There is no risk of missing or overlooking a due payment by the payer.

4.1 Processing methodsWe differentiate between two basic schemes the features of which we have summarised as follows.

4.1.1 Scheme A:Refundable DD’s – non-final collection(typically used in a B2C-relationship)

The creditor and the debtor sign an agreement (“mandate”) on refundable direct debits. This mandate is either kept at the creditor’s or is passed on to the debtor’s bank.

The creditor sends the direct debit instruction to the debtor’s bank, which debits the debtor’s account. The creditor must guarantee to refund the debited amount for the case that the debtor reclaims the direct debit within a certain period (the reclaim/refund period).

During this period, the debtor has the right to reclaim the debited funds without giving a specific reason. In such case, the creditor’s bank refunds the money to the debtor’s bank and debits the creditor’s account with the reclaimed amount. Thus, the collected amount credited to the creditor’s account remains “credited subject to final payment” until the end of the refund period.


4.1.2 Scheme B:Non-refundable DD’s – final collectionWithin the EU Member states, this scheme is more frequently used in a B2B relationship, while for B2C debits finality is linked to additional criteria.

Outside of the EU this scheme is used for both B2B and B2C relationships.

The creditor and the debtor sign an agreement (“mandate”) on non-refundable direct debits. This mandate is kept with the debtor’s bank and can be rescinded at any time.

The debtor authorises his bank to debit his account on a regular basis and upon instruction sent by the creditor. To prevent mistakes or fraud, some countries allow for defining maximum transaction amounts or specific references within the mandate.

Upon receipt of a direct debit instruction and provided that• the mandate has not been rescinded,• the instruction meets any prerequisites given in the

mandate (e. g. maximum amount, specific references) and

• there are sufficient funds available on the debtor’s account, the debtor’s bank is obliged to transfer the requested amount to the creditor’s bank. Partial crediting of amounts is usually not eligible. Upon execution, the transfer is considered final and may not be reclaimed. Any disputes have to be settled directly between the debtor and the creditor.

4 Direct debits 17

4.2 Direct debits – overview

Country Direct Debits – Country Specific RemarksLegally Permitted

Available via EB Tool

Austria There are two different schemes available for B2C and for B2B transactions.

• Scheme A – “Einziehungs-Ermächtigungs-Verfahren” (EEV) This scheme is used for DD’s in B2C relationships. The direct debit mandate is archived at the creditor. The refund period is 56 days after the debit entry. In case of reclaim, the debtor may insist on having the money refunded with original value date. The money is credited to the creditor with value D+3, at the latest.

As DD’s are processed via the domestic payments system, only EUR direct debits are permitted.

• Scheme B – “Lastschriftsverfahren” (LS) Unless otherwise agreed, this scheme is more commonly used in B2B relationships. The mandate is filed at the debtor’s bank. This type of DD is not permitted for cross-border payments.

Yes

Yes

• BusinessLine• BusinessNet• MultiCash

• BusinessLine• BusinessNet• MultiCash

Bosnia and Herzegovina

The legal framework does not permit the execution of DD’s. No No

Bulgaria Scheme B – non-refundable DD’s is supported by the domestic clearing system.DD’s are only possible in local currency.

Yes • MultiCash• Bulbank Online• e-Cash

Croatia The local clearing system does not support DD’s, but as a special customer service, Zagrebačka Banka offers an individual solution for non-refundable DD’s (Scheme B).Processing is based on proprietary formats sent via data carriers.

Yes No

Czech Republic

Scheme B – non-refundable DD’s are supported by the domestic clearing system. Debiting a resident account and crediting the amount to a non-resident account (and vice versa) is legally permitted.The status of rejected items is not followed up by the system; as a special customer service, your local relationship manager will take care of investigations.

In addition to the clearing service conducted by the Czech National Bank, the Czech Post Office offers the “SIPO”-service, for electronic management of DD mandates, whereby the execution of non-refundable DD’s takes place only once a month.

Yes • MultiCash• BusinessNet• Eltrans 2000

Germany Scheme A – “Einzugsermächtigungsverfahren” for card based direct debits. These must be flagged with a special key 05 extension 019 within file format. This scheme is available until end of January 2016.

As DD’s are processed via the domestic payments system, only EUR direct debits are permitted.

Yes • UC eBanking prime

• UC eBanking global

• MultiCash

Hungary Both Scheme A and Scheme B DD’s are supported by the domestic clearing system. These are only available in local currency (HUF).

For B2C transactions a special system for collective DD’s supports full electronic data interchange, including electronic management of mandates as well as information on the current status of the transaction (pending/fulfilled). In order to use this service, the creditor must be registered in a central registry; in addition, he must advise to the debtor of the details of the pending DD six days in advance.

For B2B direct debits, a single collection type of DD’s is used; it does not comprise any additional information service. However, this type of DD permits agreement on partial payments as well as extended reclaim periods.

Yes • MultiCash• Spectra• SpectraNet




Italy There are different methods of payment collection:• RI.BA. (RIcevuta BAncaria)

The English translation of RI.BA. is: electronic receipt. It is a fully automated collection instrument, widely used by corporates in the B2B area. RI.BA. is a request for payment, without a previous authorisation by the debtor. A RI.BA. is issued by the supplier and sent to the customer through the banking network. When the RI.BA. is received by the debtor’s bank, the debtor’s bank notifies its customer within two days in order to provide an explicit endorsement to the payment execution. In case of a missing or denied endorsement the debtor bank sends an unpaid advice to creditor’s bank, non paid RI.BA. are regulated latest two days after due date. According to the usual practices, RI.BA. requests are credited to the creditor’s account one day after due date. Once a RI.BA. has been paid, this payment is not refundable by the debtor, similarly to a Scheme B instrument.

SEPA-Compliant Electronic Database Alignment (SEDA)In order to maintain the RID Electronic Mandates Alignment functionalities, ABI has defined the mandate alignment service SEDA – an additional optional service for the SDD schemes which aims at implementing into SEPA the standard features of the Archives Electronic Alignment (AEA).

• Yes • UniWeb, TLQ

Poland Scheme A – refundable DD’s (Polish name: polecenie zapłaty) are supported by the domestic clearing system ELIXIR.

The DD consent (paper) must be filled in by the debtor in duplicate (first for debtor’s bank, second for creditor).

There is a reclaim period of 8 weeks on B2C-DD’s.

There is a reclaim period of 5 working days on B2B-DD’s.

Yes • Proffice• Pekao• BIZNES 24

Romania Scheme B – non-refundable DD’s is in place.

Since April 2005, a new low-value clearing system provides a harmonised infrastructure for non-refundable DD’s; before this point in time, DD’s were processed individually by the banks, based on proprietary formats. Only RON Direct Debits are permitted.

Till end of Q1 2016 the inter-banking national DD scheme will be migrated to SEPA Direct Debit scheme with an additional mandatory feature: the National Centralized Mandate Registry (RUM). All existing DD inter-banking mandates will be migrated in the new SDD scheme.

UniCredit Bank SA accepts DD-instructions in different formats, tailored to the customer’s individual request.

For an inter-bank DD to be processed, the customer must provide the bank with the DD request at the earliest five business days before invoice’s maturity and at the latest two business days before invoice’s maturity, cut-off-time 12:00 EET.

With regard to in-house DD’s, the request must be provided at the latest on the same day as the maturity date, cut-off-time, 12:00 EET.

Yes • MultiCash

4 Direct debits 19



Russia DD’s are available for accounts kept within AO UniCredit Bank. Withrestrictions

No

Serbia The legal framework does not permit the execution of DD’s. Yes (only on a domestic basis)

No

Slovakia Full compliance with SEPA direct debit scheme.All local direct debits were migrated into SEPA scheme

Yes • MultiCash• Business Net

Slovenia Scheme B – non-refundable DD’s. This service, implemented within the local clearing system by BANKART as service provider, supports full electronic data interchange, including electronic authorisation management as well as information on the current status of the transaction (pending/fulfilled).

The creditor must advise the debtor of the details of the pending DD fourteen days in advance. Alternatively, electronic data interchange is available via UniCredit Bank Slovenia’s local Electronic Banking system E-Bank.

Yes • E-Bank

Turkey DD’s are non-refundableDD’s can only be executed in the same bank, i.e. debtor’s and creditor’s accounts must be held at the same bank.For utility collections it is a typical DD, but for B2B DDs payment guarantee of the bank for the debtor can be requested.

Yes Corporate Internet Banking can be used for B2B DDs.

Ukraine Direct Debit service is available. Yes • iBank 2UA


5 SEPASEPA stands for “Single Euro Payments Area” and is a pan-European project aimed at standardizing payments across Europe to create a “single domestic payments infrastructure”. SEPA principally encompasses the countries of the Euro area, but the other countries of the EU, the European Economic Area (EEA), Switzerland, Monaco and San Marino are also included with their Euro payments. UniCredit is your perfect SEPA partner.

Following the roadmap set by EU regulation 260/2012 (“SEPA migration regulation”) all local payments instruments used in the different EU Member States will be transformed according to the SEPA standards.

The roadmap is as follows:• January 2008 implementation of SEPA Credit

Transfer• November 2009 implementation of SEPA Direct

Debits• February 2014 end date for national payment

schemes in the Euro countries• until August 2014 extension of acceptance period for

electronic presentation of national credit transfers and collection authorisation in the legacy format

• February 2016 end date for national exceptions (e.g. use of legacy account details, ELV payment (payment at retailers by signature) in Germany)

• October 2016 end date for national payment schemes in the non-Euro countries

5.1 SEPA Credit TransferThe main characteristics of SEPA Credit Transfers are:• The transaction currency is in EURO.• The account relationship of the originator and of

the beneficiary is given by using IBAN (International Banking Account Number) and BIC (international SWIFT-Bank code). IBAN-only valid from 02/2016 also for cross-border transactions.

• Fees are shared between ordering party and beneficiary.

• SEPA Credit Transfers are processed in a standardized XML-data format (ISO 20022 XML). The specific fields defined in the new dataset are transported to the beneficiary in order to enable end-to-end STP processing.

• The processing of a SEPA Credit Transfer may last no longer than 1 business day for electronically instructed payments. For paper-based payments the execution period may be extended by one additional business day.

5 SEPA 21

5.2 SEPA Direct DebitWith the implementation of the SEPA Direct Debit it is possible to process Direct Debits across borders within the SEPA area.

There are two new SEPA Direct Debit Schemes, SEPA DD Core and SEPA DD Business to Business (B2B):• The SEPA DD Core scheme was designed for large

volume low value, mainly business to customer collections e. g. public utilities, insurances, leasing etc. with a return period of 8 weeks (without any reason by the debtor).

• SEPA DD B2B is a specific type of collections with a finality to be used only between corporates. The debtor bank is obliged to check direct debits against the mandate, authorised by the debtor.

The main characteristics of SEPA Direct Debits are:• The transaction currency is EURO.• The account relationship of the creditor and of the

debtor is given by using IBAN (International Banking Account Number) and BIC (international SWIFT-Bank code). IBAN-only valid from 02/2016 also for cross-border transactions.

• Specific SEPA Mandates (the option of the migration of the existing mandates is different country by country [for SDD Core & SDD B2B]).

• Mandatory pre-notification from the creditor to the debtor about the forthcoming debit.

• Agreed and transparent Due Date through the complete process.

• Mandatory Creditor-Id identifies all creditors within the SEPA area.

• Unique Mandate-Id.• Creditor-driven mandate flow.• Standardised processes for the presentation/

submission of the collections.• Standardised reject, return and refund processes.

• Reliability and legal certainty both on the creditor and on the debtor side within the whole SEPA area.

• Two different products exist: SEPA Direct Debit Core and SEPA Direct Debit COR1 (with a shorter presentation period).

The Payment Service Directive (PSD) implemented in fall 2009 gave legislative grounds for birth of SEPA Direct Debit. The harmonisation process of SEPA continued with EU price regulation 924/2009 aiming at levelling domestic and cross-border EUR payments and obliging banks in EU to offer SEPA instruments besides their local payment instruments as of 1 November 2010. With EU regulation 260/2012 the end-date 1 February 2014 for national payment instruments and their conversion for SEPA was established. In February 2014 an additional 6-month transitional period until 1 August 2014 was adopted.

UniCredit is one of the largest processors of SEPA collections. By using the latest technology and brand new processing systems UniCredit is enabling our customers to take the advantage of these innovative new products.


6 Cash management message types – camt

The new electronic statement formats are based on XML in accordance with ISO 20022 and contain all important fields for an efficient “end to end processing” on your side.

Country1

camt.052 Electronic intraday transaction report

camt.053 Electronic account

statements

camt.054 Electronic information on

collective entries

camt.086Electronic accounting information for bank

servicesAustria Yes Yes Yes Planned 2015Bosnia and Herzegovina No Planned 2016 No NoBulgaria Planned 2015 Planned 2015 No Planned 2015Croatia Yes2 No No NoCzech Republic Yes Yes Planned 2016 Planned 2015Germany Yes Yes Yes YesHungary Planned 2016 Planned 2015 Planned 2016 Planned 2016Italy Yes Yes Yes YesPoland Planned 2015 Planned 2015 No NoRomania Planned 2016 Planned 2016 Planned 2016 Planned 2016Russia No Yes3 No NoSerbia Yes2 Yes2 No NoSlovakia Yes Yes Planned 2016 Planned 2016Slovenia Planned 2016 Yes3 Planned 2016 Planned 2016Turkey No Planned 2016 No NoUkraine No No No No

1 SEPA country; non-SEPA country2 Conversion of MT940/23 Local channel


7 Local clearing systemsOur banking group’s units are either direct members or shareholders of the local clearing systems in CEE.They are therefore in a position to offer direct access to the local types of payment.

ACH = Automated Clearing House; RTGS = Real Time Gross Settlement

This table refers to the systems used by our banking group’s units:

Domestic clearing International clearingCountry System names Remarks system names

Austria CS.A (Clearing Services Austria)

RTGS: TARGET2 (Trans-European Automated Real Time Gross Settlement Express Transfer)

STEP.AT

Value dating: D+1 for mass paymentsD+0 for urgent payments

Mass payments are processed through CS.A.

Urgent payments are processed via TARGET2.

EBA (EURO1, STEP1, STEP2)

TARGET2 (Trans-European Automated Real Time Gross Settlement Express Transfer)

correspondent banks; SWIFT

CS.I (Clearing Services International)Bosnia and Herzegovina

ACH: GIRO CLEARING

RTGS: no specific name

Both systems are operated by the Central Bank of Bosnia and Herzegovina.

Value dating: D+0

Domestic payments from/to non-residents are sent via the domestic clearing system. Payments exceeding BAM 10,000 or marked as “urgent” are routed via the RTGS system.


Bulgaria ACH: BISERA, operated by Bankservice AD

RTGS: RINGS, operated by the Central Bank of Bulgaria.

Value dating: D+0

Urgent payments and payments exceeding BGN 100,000 are routed via the RTGS system.

correspondent banks; SWIFT; Target 2; EBA – SCT and SDD B2B (only debtor side) via Bank Austria Vienna

Croatia ACH: NKS (“National Clearing System”)

RTGS: HSVP

Both systems are operated by the National Bank of Croatia.

Value dating: D+0

Payments to budget incomes and nonbudget funds as well as incomes for financing other public needs can be routed only via ACH system (exception: payments to State Treasury with a minimum transaction amount of HRK 1 million can be routed via RTGS).

Any other payment can be routed via the RTGS system. There is no minimum amount.


Czech Republic

ACH & RTGS: CERTIS, operated by the Czech National Bank.

SIPO (direct debit service of the Czech Post Office)

Value dating: outgoing payments D+1 (standard), D+0 (urgent); incoming payments D+0 (standard), D+0 (urgent)

Domestic payments from/to non-residents are sent via the domestic clearing system.

SEPA SCT and DD via Bank Austria Vienna (for SDD: B2C – only debtor side; B2B – both debtor & creditor side)




Germany RTGS plus

EMZ (“Elektronischer Massen-zahlungsverkehr”)

ACH: EBA for SEPA payments

Same day value payments

Non-urgent bulk payments for corporate customers only

SEPA standard/mass payments

EBA (EURO1, STEP1, STEP2)

TARGET2 (Trans-European Automated Real Time Gross Settlement Express Transfer)

EBA (STEP2)Hungary ACH: GIRO, operated by GIRO

Elszámolásforgalmi Zrt

RTGS: VIBER, operated by the National Bank of Hungary.

PEK (Postai Elszámoló Központ; Post Office Clearing Centre) = for cash payments in post offices.

Value dating ACH: D+0 (within 4 hours)

Value dating RTGS: D (within app. 20 minutes)

Value dating PEK: D+2

SEPA SCT via UniCredit Bank Austria


Italy BI-REL

EBA Step2

Low value paymentsValue dating: D+1 (standard)

High value payments/ugentBI-REL is the Italian part of TARGETValue dating: D+0 (urgent)

EBA (EURO1, STEP1, STEP2 only for SEPA settlement)

TARGET (Trans-European Automated Real Time Gross Settlement Express Transfer)

correspondent banks; SWIFTPoland PLN-clearing:

ACH: ELIXIR (for electronic payments), operated by KIR SA.RTGS: SORBNET, operated by the National Bank of Poland.

EURO-clearing:ACH: EuroELIXIR, operated by Kir SARTGS: TARGET2, operated by the National Bank

Value dating: D+0 (subject to observance of the respective CoT)

Equal and exceeding PLN 1 million are routed via the RTGS system; except social security payments, which are always executed via ACH.

Value dating: D+0, D+1

STEP2 operated by KIR SAcorrespondent banks; SWIFT

Romania ACH: SENT, operated by Transfond S.A.

RTGS: ReGIS, administrated by National Bank but technically operated by Transfond S.A.

Value dating: D+0 for payments received before same day COT

D+1 payments received in extended COT

Payments exceeding ca. RON 50,000 are automatically routed via the RTGS system. Settlement for debit instruments and direct debit transactions is D+2 (D – day when out going message is sent to ACH).


TARGET2; EBA – SCT and SDD B2B/B2C via UniCredit Bank Austria AG, Vienna



Russia ACH or RTGS

Payment system of the Central Bank of the Russian Federation (PS CB RF)

Furthermore, clearing systems of state-owned and commercial banks with extensive branch networks (e. g. Sberbank RF).

Value dating: D+0

All domestic payments, i.e. within the same regions, are processed by the settlement centres of the Central Bank of the Russian Federation (CB RF); the main clearing system is the PS CB RF. Apart from that, state-owned banks and commercial banks operating extensive branch networks have their own clearing systems; e.g. Sberbank, which runs a large clearing system that can be used in addition to the payment system of the CB RF.

The territory of the Russian Federation comprises 9 time zones with each zone having its own number of settlement cycles. In the Moscow region the PS CB RF runs 5 cycles of RUB-payments daily.


Serbia ACH: Giro Clearing

RTGS: no specific name

Both systems are operated by the National Bank of Serbia.

Value dating: D+0

RTGS value dating: D+0

Payments exceeding RSD 250,000 or marked as “urgent” are routed via the RTGS system.


Slovakia ACH: SIPS, operated by the National Bank of Slovakia (NBS).

TARGET2

Value dating: D+1 (standard); D+0 (urgent), XML format

urgent customer’s payments D+0, bank to bank transfers, MT 103/202 format

Routing:• all SCT via NBS


Slovenia SIMP (for domestic SEPA payments) operated by Bankart

RTGS: TARGET2

Value dating: D+0

Payments exceeding € 50,000 as well as urgent payments are routed via the TARGET2 system.

TARGET2, SWIFT, SEPA CT via UniCredit Bank Austria AG, Vienna

Turkey RTGS: EFT

Central Bank of Turkey Cheque Clearing Systems

Governed by CB of TurkeyValue dating: D+0Only run for LC

Value dating: D+1


Ukraine ACH & RTGS: SEP, operated by the National Bank of the Ukraine.

Value dating: D+0

Non-cash domestic payments are routed via NBU-SEP.



8 SWIFT messages8.1 Account informationSWIFT MT940 (“Customer Statement Message”, i. e. end-of-day account statement) is a standard message type within our group.

SWIFT MT942 (“Interim Transaction Report”, i. e. intra-day account information) is a standard message type within our group.

8.2 Operating the accountSWIFT MT101 (“Request for Transfer”) can be provided from/to our sites in Austria, Germany, Italy and most of our CEE banks (with regard to the local legal framework regulating cross-border transfers).


9 Pooling methods offered by UniCredit9.1 Local cash concentration9.1.1 Local effective pooling

We offer Local Effective Pooling across accounts in the same currency and which are kept within one legal entity of our banking group. The choice of options available are Zero Balancing and Target Balancing.

With Zero Balancing the transfers from respectively to the participating accounts take place at the end of each day as the last booking.

Credit balances in the participating accounts are swept to the Master Account and debit balances are covered via the Master Account on the same day.

Thus at the beginning of business each day a zero balance is to be found on the participating accounts.

With Target Balancing the end-of-day account balances of the participating accounts are examined daily. According to the defaults defined by the customer (pre-defined balances, etc.) a credit respectively debit payment transfer will be created automatically.

Thus• either a pre-defined balance remains on the

participating accounts in order to optimise credit line utilisation or, alternatively,

• transfers to the Master Account only take place after a certain pre-defined amount has been reached. That helps to minimise booking transactions and to save transfer costs.

If desired, the balances shown on local currency accounts with other local banks can also be transferred on a periodic basis to an account kept with the respective local UniCredit unit.

The amount accumulated on such Master Account in local currency can ultimately be converted, e. g. into EUR, and then be integrated in an international cross-border EUR pooling (no automatic conversion).

Target Balancing requires intensified integration in daily banking procedures by bookkeeping and Treasury. A high degree of discipline in payment business is absolutely necessary.


9.1.2 Notional pooling

Notional Pooling allows for reducing the net interest burden without moving funds to a pooling account. Thus local units of decentralized client groups remain independent in their liquidity management.

With notional pooling debit and credit balances of the participating accounts are virtually offset against each other within a single bank. This allows the “real” balances to remain unchanged while a theoretical consolidation is obtained on a virtual pooling account. Interest is paid respectively received on the virtually aggregated balance.

CROSS-BORDER EFFECTIVE POOLING

Pool Account150 150

Master Account150

BA – Nostro Account150

Shadow Nostro Account150

Account 150

Account 2100

Account 350

Account 450

MT940/MT950

18 April 7 p.m. –19 April 6 a.m.

book value18 April

book value19 April

book value = 19 Aprilvalue date = 18 April

book value18 April

CZ AT

9.2 Cross-border cash concentration9.2.1 Cross-border effective pooling

Cross-Border Effective Pooling is offered as either Zero Balancing or Target Balancing. Both variants can be implemented across all countries which do not impose capital transfer restrictions.

Based on our banks’ mutual Nostro/Vostro account relation ships (Zero Balancing), the options outlined can be implemented and allow for fully automated pooling. Funds concentration can also be arranged via the exchange of SWIFT MT101 messages (Target Balancing).


9.3 Cash management – tax and legal implications on effective poolingBefore implementing Effective Pooling local legal and fiscal pre-requisites have to be considered. However, in any case, we strongly recommend obtaining detailed advice from your lawyer or tax consultant.

9.4 Trustee interest calculationThis auxiliary service can be combined with Effective Pooling for your convenience:

Interest accrued as a result of pooling can be distributed to the participating accounts according to your instructions such as:• Individual interest spreads (taking into consideration

the “arm’s length principle”).• Various reference rates.• Flexible account settlement periods.• Prior period adjustments.• Detailed reports for intra-group settlement.


10 EuropeanGateEuropeanGate provides our customers with access to all UniCredit banks via one single point of entry. This routing and conversion platform enables the processing of both national payment formats as well as unified international formats such as ISO XML or SWIFT Messages (e. g. MT101). All payment orders (credit and debit transfers) are submitted through one single point of entry using the existing e-banking software. These are then forwarded on behalf of the customer to the executing local bank.

Country EG offeredEG – Single Point of Entry

(Source Location) EG – Target LocationAustria Yes Yes YesBosnia and Herzegovina Yes No YesBulgaria Yes No YesCroatia Yes No YesCzech Republic Yes Yes YesGermany Yes Yes YesHungary Yes No YesItaly Yes Yes YesPoland Yes Yes YesRomania Yes Yes YesRussia Yes No YesSerbia Yes No YesSlovakia Yes Yes YesSlovenia Yes Yes YesTurkey Yes No YesUkraine Yes No Yes

NetworkProduct

11 SWIFTNet for corporates 31

11 SWIFTNet for corporatesSWIFT is the industry-owned co-operative supplying secure, standardised messaging services and interface software to nearly 8,200 financial institutions in 208 countries. UniCredit is a strong supporter of “SWIFTNet for Corporates” and actively promotes a complete offering via its EuropeanGate payments platform.

11.1 UniCredit and SWIFTUniCredit offers corporate customers full connectivity to the SWIFT network for many different messaging services demanded for communication between a corporate and their corresponding financial institutions, including messages for payments, treasury, trade and reporting. UniCredit is always on the cutting edge with regard to the latest SWIFT offerings to corporates and currently there exist three options for a corporate customer to access SWIFTNet: SCORE (Standardised Corporate Environment), MA-CUG (Member Administered Closed User Group) TRCO (Treasury Counterparty).

11.2 UniCredit’s SWIFTNet propositionUniCredit offers payments and cash management via FIN (MT101, MT940/942, MT192/5/9, MTx99), FX/money market confirmations (MT300/320) and trade messaging (MT798). UniCredit also offers payments and cash management via FileAct, using a single access point for the entire group through its EuropeanGate payments platform. EuropeanGate supports domestic and international formats. UniCredit offers MA-CUG services and is registered in SCORE.

Furthermore UniCredit supports SWIFT Secure Signature Key (3SKey). 3SKey is a multi-bank and multi-network personal digital identity solution provided by SWIFT. The solution allows corporates to sign financial messages and files sent to their banks, using a single signing device. It also offers banks an effective way to implement secure authentication on electronic banking services by using a shared, reliable and trusted Public Key Infrastructure (PKI).


12 MultiCashMultiCash is a PC based software which enables account information to be obtained and payment transactions to be executed across all domestic and foreign accounts if the account keeping bank holds a valid MultiCash software licence. MultiCash is a modular Electronic Banking platform which supports the communication standards EBICS (German standard, internationally adopted) and MCFT (specific standard provided by Omikron).

Country MC offered MC – Connectivity MC@SignAustria Yes Modem, ISDN, TCP/IP* YesBosnia and Herzegovina No – –Bulgaria Yes Modem, TCP/IP* –Croatia No** – –Czech Republic Yes Modem, ISDN, TCP/IP* YesGermany Yes TCP/IP* –Hungary Yes Modem, ISDN, TCP/IP* –Italy No – –Poland No** Modem, ISDN, Access Server, VPN –Romania Yes Modem, TCP/IP* Yes Russia No – –Serbia Yes TCP/IP* YesSlovakia Yes Modem, ISDN, TCP/IP* YesSlovenia No** – –Turkey No – –Ukraine No – –

* TCP/IP = Transmission Control Protocol / Internet Protocol** MC orders in country specific format, which are coming from another groupinternal MC-entry point and are transported via EuropeanGate can be processed.

NetworkProduct

13 BusinessNet in CEE 33

13 BusinessNet in CEEBusinessNet, the innovative eBanking solution of UniCredit, is an individual work and information platform that enables your organization to optimally use the internet for the financial needs. It is designed to maximise efficiency and optimise the workflow in accordance with the requirements of companies across CEE.

BusinessNet follows a “multi-strategic” approach and is designed to be a “Multi-National” and “Multi-Domestic” product, representing a:• Cross-Border Solution to cover the needs of

Multinational Corporate Customers with single credentials for log in (Single Log On).

• Domestic Solution, which fully covers all country specific and domestic needs.

AccessCompanies can simply access all covered countries through UniCredit local homepages. If users are authorized to use BusinessNet for more than one country and/or company, they can easily switch between them with a single “click”.

Cash Management Functionalities in FocusBusinessNet is a flexible solution which is designed to satisfy needs of companies in all sizes. Providing a range of cash management functionalities it effectively supports the dynamic development of enterprises and enables optimizing service operation costs and settlements between trading partners:

• Financial Overview – account statements, trans-action lists, real-time balances, notifications

• Payments and Collections – all types of domestic and cross-border instructions

• File Transmission – file import/upload for bulk payments

• Orders Management – efficient management of available financial orders, templates and master data

• Group Banking – clear overview of all accounts of a group (multi-bank account reporting based on SWIFT MT940) including import and export functions, which enable an easy integration with a company’s ERP system

Languages & CountriesBusinessNet is currently available in both, English and in the Local Language. It is offering Cash Management functionalities in the following countries:• Czech Republic• Romania• Russia• Serbia• Slovakia• Slovenia• Ukraine

NetworkProduct CEE


14 Country by country – selected products at a glance

Country by country –selected products at a glance Austria Bosnia and

Herzegovina Bulgaria Croatia

Account Openingfor Residents in local currency Yes Yes* Yes Yes

in foreign currency Yes Yes* Yes Yesfor Non-Residents in local currency Yes Yes* Yes Yes

in foreign currency Yes Yes* Yes YesAccount InformationMT940 – sending Yes Yes Yes YesMT940 – receiving Yes No Yes NoMT942 – sending Yes No Yes NoMT942 – receiving Yes No No NoInternational Payments MT101MT101 – forwarding Yes No Yes NoMT101 – executing Yes No Yes YesLocal Cash ManagementNotional Pooling Yes No Yes YesEffective Pooling Zero Balancing Yes No Yes Yes

Target Balancing Yes No Yes YesTrustee Interest Calculation Yes No No NoCross Border Cash ManagementMargin Pooling Yes No No YesEffective Pooling Zero Balancing via vostro/nostro accounts Yes No No Yes

Target Balancing via MT101/103 Yes No Yes Yes

* Account opening only with personal attendance; Exception: The account opening is done in cooperation with other member banks of UniCredit, where the client has already attended personally.


Country by country –selected products at a glance

CzechRepublic Germany Hungary Italy

Account Openingfor Residents in local currency Yes Yes Yes Yes

in foreign currency Yes Yes Yes Yes

for Non-Residents in local currency Yes Yes Yes Yes


Account InformationMT940 – sending Yes Yes Yes Yes

MT940 – receiving Yes Yes No Yes

MT942 – sending Yes Yes Yes Yes


International Payments MT101MT101 – forwarding Yes Yes No Yes

MT101 – executing Yes Yes Yes Yes

Local Cash ManagementNotional Pooling Yes Yes Yes No

Effective Pooling Zero Balancing Yes Yes Yes Yes

Target Balancing Yes Yes Yes Yes

Trustee Interest Calculation Yes Yes Yes Yes

Cross Border Cash ManagementMargin Pooling Yes Yes Yes No

Effective Pooling Zero Balancing via vostro/nostro accounts Yes Yes Yes Yes

Target Balancing via MT101/103 Yes Yes Yes Yes


Country by country –selected products at a glance Poland Romania Russia Serbia







MT942 – sending Yes Yes Yes Yes


International Payments MT101MT101 – forwarding Yes No No No

MT101 – executing Yes Yes No² Yes³

Local Cash ManagementNotional Pooling Yes No No No

Effective Pooling Zero Balancing Yes Yes Yes Yes

Target Balancing Yes Yes Yes Yes

Trustee Interest Calculation Yes Yes No Yes

Cross Border Cash ManagementMargin Pooling Yes No No No

Effective Pooling Zero Balancing via vostro/nostro accounts Yes Yes No² No

Target Balancing via MT101/103 Yes¹ Yes No No

1 only delivered MT101 can be processed, no active automatic dispatch2 under development3 in RSD only if both ordering party and beneficiary are residents


Country by country –selected products at a glance Slovakia Slovenia Turkey Ukraine






MT940 – receiving Yes Yes No No

MT942 – sending Yes Yes No No

MT942 – receiving Yes Yes No No

International Payments MT101MT101 – forwarding No Yes No No

MT101 – executing Yes Yes Yes No

Local Cash ManagementNotional Pooling Yes Ye No No

Effective Pooling Zero Balancing Yes Yes No No

Target Balancing Yes No No No

Trustee Interest Calculation Yes Yes No No

Cross Border Cash ManagementMargin Pooling Yes No No No

Effective Pooling Zero Balancing via vostro/nostro accounts Yes Yes No No

Target Balancing via MT101/103 Yes Yes No No


AustriaGeneral InformationName of the Bank UniCredit Bank Austria AGSWIFT/BIC BKAUATWWHomepage www.bankaustria.atAccount OpeningResidents• Local currency • Foreign currency

YesYes

Non-residents • Local currency • Foreign currency

YesYes

Account InformationSWIFT MT940 – sending YesSWIFT MT940 – receiving YesSWIFT MT942 – sending YesSWIFT MT942 – receiving YesInternational Payments (SWIFT MT101)SWIFT MT101 – forwarding YesSWIFT MT101 – executing YesLocal Cash Management (Cash Pooling/Cash Concentration)Notional Pooling YesEffective Pooling • Zero Balancing • Target Balancing

YesYes

Trustee Interest Calculation YesCross Border Cash Management (Cash Pooling/Cash Concentration)Margin Pooling YesEffective Pooling • Zero Balancing

(via vostro/nostro accounts)• Target Balancing

(via MT101/MT103)

Yes

Yes

Cash Management – Tax and Legal ImplicationsBefore implementing Cash Pooling local legal and fiscal pre-requisites have to be considered (e. g. arms’ length principle and regulations for safeguarding equity). We would therefore strongly recommend you to obtain detailed advice from your lawyer or tax consultant.

Bosnia and HerzegovinaGeneral InformationName of the Banks UniCredit Bank d.d. Mostar

UniCredit Bank a.d. Banja Luka

SWIFT/BIC UNCRBA22 BLBABA22

Homepage www.unicreditbank.ba www.unicreditbank-bl.ba

Account OpeningResidents• Local currency • Foreign currency

YesYes


YesYes

Account InformationSWIFT MT940 – sending YesSWIFT MT940 – receiving NoSWIFT MT942 – sending NoSWIFT MT942 – receiving NoInternational Payments (SWIFT MT101)SWIFT MT101 – forwarding NoSWIFT MT101 – executing NoLocal Cash Management (Cash Pooling/Cash Concentration)Notional Pooling NoEffective Pooling • Zero Balancing • Target Balancing

NoNo

Trustee Interest Calculation NoCross Border Cash Management (Cash Pooling/Cash Concentration)Margin Pooling NoEffective Pooling • Zero Balancing


(via MT101/MT103)

No

No

Cash Management – Tax and Legal ImplicationsBefore implementing Cash Pooling local legal and fiscal pre-requisites have to be considered (e. g. possible occurrence of stamp duties). We would therefore strongly recommend you to obtain detailed advice from your lawyer or tax consultant.


BulgariaGeneral InformationName of the Bank UniCredit Bulbank ADSWIFT/BIC UNCRBGSFHomepage www.unicreditbulbank.bgAccount OpeningResidents• Local currency • Foreign currency

YesYes


YesYes

Account InformationSWIFT MT940 – sending YesSWIFT MT940 – receiving YesSWIFT MT942 – sending YesSWIFT MT942 – receiving NoInternational Payments (SWIFT MT101)SWIFT MT101 – forwarding YesSWIFT MT101 – executing YesLocal Cash Management (Cash Pooling/Cash Concentration)Notional Pooling YesEffective Pooling • Zero Balancing • Target Balancing

YesYes



(via MT101/MT103)

No

Yes

Cash Management – Tax and Legal ImplicationsBefore implementing Cash Pooling local legal and fiscal pre-requisites have to be considered. We would therefore strongly recommend you to obtain detailed advice from your lawyer or tax consultant.

CroatiaGeneral InformationName of the Bank Zagrebačka banka d.d.SWIFT/BIC ZABAHR2XHomepage www.zaba.hrAccount OpeningResidents• Local currency • Foreign currency

YesYes


YesYes

Account InformationSWIFT MT940 – sending YesSWIFT MT940 – receiving NoSWIFT MT942 – sending NoSWIFT MT942 – receiving NoInternational Payments (SWIFT MT101)SWIFT MT101 – forwarding NoSWIFT MT101 – executing YesLocal Cash Management (Cash Pooling/Cash Concentration)Notional Pooling YesEffective Pooling • Zero Balancing • Target Balancing

YesYes

Trustee Interest Calculation NoCross Border Cash Management (Cash Pooling/Cash Concentration)Margin Pooling YesEffective Pooling • Zero Balancing


(via MT101/MT103)

Yes

Yes

Cash Management – Tax and Legal ImplicationsBefore implementing Cash Pooling local legal and fiscal pre-requisites have to be considered (e. g. possible occurrence of stamp duties). We would therefore strongly recommend you to obtain detailed advice from your lawyer or tax consultant.


Czech RepublicGeneral InformationName of the Bank UniCredit Bank Czech

Republic and Slovakia, a.s.SWIFT/BIC BACXCZPPHomepage www.unicreditbank.czAccount OpeningResidents• Local currency • Foreign currency

YesYes


YesYes


YesYes



(via MT101/MT103)

Yes

Yes

Cash Management – Tax and Legal ImplicationsBefore implementing Cash Pooling local legal and fiscal pre-requisites have to be considered.We would therefore strongly recommend you to obtain detailed advice from your lawyer or tax consultant.

GermanyGeneral InformationName of the Bank UniCredit Bank AG

(HypoVereinsbank)SWIFT/BIC HYVEDEMMHomepage www.hvb.deAccount OpeningResidents• Local currency • Foreign currency

YesYes


YesYes


YesYes



(via MT101/MT103)

Yes

Yes



HungaryGeneral InformationName of the Bank UniCredit Bank Hungary

Zrt., BudapestSWIFT/BIC BACXHUHBHomepage www.unicreditbank.huAccount OpeningResidents• Local currency • Foreign currency

YesYes


YesYes

Account InformationSWIFT MT940 – sending YesSWIFT MT940 – receiving NoSWIFT MT942 – sending YesSWIFT MT942 – receiving NoInternational Payments (SWIFT MT101)SWIFT MT101 – forwarding NoSWIFT MT101 – executing YesLocal Cash Management (Cash Pooling/Cash Concentration)Notional Pooling YesEffective Pooling • Zero Balancing • Target Balancing

YesYes



(via MT101/MT103)

Yes

Yes

Cash Management – Tax and Legal ImplicationsBefore implementing Cash Pooling local legal and fiscal pre-requisites have to be considered (e. g. possible occurrence of stamp duties).We would therefore strongly recommend you to obtain detailed advice from your lawyer or tax consultant.

ItalyGeneral InformationName of the Bank UniCredit

Corporate & Investment Banking

SWIFT/BIC UNCRITMMHomepage www.unicredit.itAccount OpeningResidentsLocal currency Foreign currency

YesYes

Non-residents Local currency Foreign currency

YesYes

Account InformationSWIFT MT940 – sending YesSWIFT MT940 – receiving YesSWIFT MT942 – sending YesSWIFT MT942 – receiving YesInternational Payments (SWIFT MT101)SWIFT MT101 – forwarding YesSWIFT MT101 – executing YesLocal Cash Management (Cash Pooling/Cash Concentration)Notional Pooling NoEffective Pooling Zero Balancing Target Balancing

YesYes

Trustee Interest Calculation YesCross Border Cash Management (Cash Pooling/Cash Concentration)Margin Pooling NoEffective Pooling • Zero Balancing


(via MT101/MT103)

Yes

Yes



PolandGeneral InformationName of the Bank Bank Pekao SASWIFT/BIC PKOPPLPWHomepage www.pekao.com.plAccount OpeningResidents• Local currency • Foreign currency

YesYes


YesYes


YesNo



(via MT101/MT103)

Yes

Yes

Cash Management – Tax and Legal ImplicationsBefore implementing Cash Pooling local legal and fiscal pre-requisites have to be considered (e. g. possible occurrence of civil law action tax).We would therefore strongly recommend you to obtain detailed advice from your lawyer or tax consultant.

RomaniaGeneral InformationName of the Bank UniCredit Bank SASWIFT/BIC BACXROBUHomepage www.unicredit-tiriac.roAccount OpeningResidents• Local currency • Foreign currency

YesYes


YesYes

Account InformationSWIFT MT940 – sending YesSWIFT MT940 – receiving YesSWIFT MT942 – sending YesSWIFT MT942 – receiving YesInternational Payments (SWIFT MT101)SWIFT MT101 – forwarding NoSWIFT MT101 – executing YesLocal Cash Management (Cash Pooling/Cash Concentration)Notional Pooling NoEffective Pooling • Zero Balancing • Target Balancing

YesYes



(via MT101/MT103)

Yes

Yes

Cash Management – Tax and Legal ImplicationsThere are no specific rules either permitting or prohibiting Cash Pooling transactions.We would therefore strongly recommend you to obtain detailed advice from your lawyer or tax consultant. Each request is discussed with the customer, on a case by case basis, in order to identify the best solution to be implemented.


RussiaGeneral InformationName of the Bank AO UniCredit BankSWIFT/BIC IMBKRUMMHomepage www.unicreditbank.ruAccount OpeningResidents• Local currency • Foreign currency

YesYes


YesYes

Account InformationSWIFT MT940 – sending YesSWIFT MT940 – receiving NoSWIFT MT942 – sending YesSWIFT MT942 – receiving NoInternational Payments (SWIFT MT101)SWIFT MT101 – forwarding NoSWIFT MT101 – executing No*Local Cash Management (Cash Pooling/Cash Concentration)Notional Pooling NoEffective Pooling • Zero Balancing • Target Balancing

YesYes



(via MT101/MT103)

No*

No


* under development

SerbiaGeneral InformationName of the Bank UniCredit Bank Serbia JSCSWIFT/BIC BACXRSBGHomepage www.unicreditbank.rsAccount OpeningResidents• Local currency • Foreign currency

YesYes


YesYes

Account InformationSWIFT MT940 – sending YesSWIFT MT940 – receiving YesSWIFT MT942 – sending YesSWIFT MT942 – receiving YesInternational Payments (SWIFT MT101)SWIFT MT101 – forwarding NoSWIFT MT101 – executing YesLocal Cash Management (Cash Pooling/Cash Concentration)Notional Pooling NoEffective Pooling • Zero Balancing • Target Balancing

YesYes



(via MT101/MT103)

No

No

Cash Management – Tax and Legal ImplicationsBefore implementing Cash Pooling local legal and fiscal pre-requisites have to be considered (e. g. possible occurrence of stamp duties, intercompany loan contract, National Bank approval for pooling from other legal entity account).We would therefore strongly recommend you to obtain detailed advice from your lawyer or tax consultant.


SlovakiaGeneral InformationName of the Bank UniCredit Bank Czech

Republic and Slovakia, a.s., pobočka zahraničnej banky

SWIFT/BIC UNCRSKBXHomepage www.unicreditbank.skAccount OpeningResidents• Local currency • Foreign currency

YesYes


YesYes

Account InformationSWIFT MT940 – sending YesSWIFT MT940 – receiving YesSWIFT MT942 – sending YesSWIFT MT942 – receiving YesInternational Payments (SWIFT MT101)SWIFT MT101 – forwarding NoSWIFT MT101 – executing YesLocal Cash Management (Cash Pooling/Cash Concentration)Notional Pooling YesEffective Pooling • Zero Balancing • Target Balancing

YesYes



(via MT101/MT103)

Yes

Yes


SloveniaGeneral InformationName of the Bank UniCredit Banka

Slovenija d.d.SWIFT/BIC BACXSI22Homepage www.unicreditbank.siAccount OpeningResidents• Local currency • Foreign currency

YesYes


YesYes

Account InformationSWIFT MT940 – sending YesSWIFT MT940 – receiving YesSWIFT MT942 – sending YesSWIFT MT942 – receiving YesInternational Payments (SWIFT MT101)SWIFT MT101 – forwarding YesSWIFT MT101 – executing YesLocal Cash Management (Cash Pooling/Cash Concentration)Notional Pooling NoEffective Pooling • Zero Balancing • Target Balancing

YesNo



(via MT101/MT103)

Yes

Yes



TurkeyGeneral InformationName of the Bank Yapı ve Kredi Bankasi A.S.SWIFT/BIC YAPITRISHomepage www.yapikredi.com.trAccount OpeningResidents• Local currency • Foreign currency

YesYes


YesYes

Account InformationSWIFT MT940 – sending YesSWIFT MT940 – receiving NoSWIFT MT942 – sending NoSWIFT MT942 – receiving NoInternational Payments (SWIFT MT101)SWIFT MT101 – forwarding NoSWIFT MT101 – executing YesLocal Cash Management (Cash Pooling/Cash Concentration)Notional Pooling NoEffective Pooling • Zero Balancing • Target Balancing

NoNo



(via MT101/MT103)

No

No


UkraineGeneral InformationName of the Bank PJSC UkrsotsbankSWIFT/BIC UKRSUAUXHomepage www.unicredit.uaAccount OpeningResidents• Local currency • Foreign currency

YesYes


YesYes

Account InformationSWIFT MT940 – sending YesSWIFT MT940 – receiving NoSWIFT MT942 – sending NoSWIFT MT942 – receiving NoInternational Payments (SWIFT MT101)SWIFT MT101 – forwarding NoSWIFT MT101 – executing NoLocal Cash Management (Cash Pooling/Cash Concentration)Notional Pooling YesEffective Pooling • Zero Balancing • Target Balancing

NoNo



(via MT101/MT103)

No

No



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