15.01.2025. The auditing company EY was engaged for the presentation of the SEPA process through UBCG and with the sponsorship of EFSE, i.e. Finance in motion, the German development fund. EY is a global leader in providing business consulting, auditing, tax consulting and transaction advisory services. What we at Association of Banks of Montenegro insist on, when organizing workshops is that an interactive approach is implied throughout the workshop, so that the participants at the very beginning of the training were encouraged to participate in the discussion and ask questions throughout the workshop.
Training objectives
► Understand what is SEPA and the difference between SEPA Credit Transfer, SEPA Instant Credit Transfer and SEPA Direct Debit;
► Explain relevant regulation regarding SEPA Credit Transfer;
► Gain an insight of principal and technology used in SEPA payments;
► Learn in detail about XML messages – type of message for each transaction process, how to read XML messages, mandatory and optional fields, etc.;
► Get a picture on specifics in SEPA payments and differences with SWIFT payments;
► Understand AML implications in SEPA payments;
► Overview of direct and indirect participation, CSMs, EBA STEP2, operational problems and how to solve them
► Explain details about EPC Application – Adherence to SEPA schemes;
► Explain benefits of SEPA payment system and possible challenges in the
implementation process;
► Gain an insight on SEPA Instant Credit Transfer; is SEPA Instant set to be the „new normal” and implications on regular SCT;
► Understand what is SEPA Direct Debit and possible advantages for corporate clients.
