Post by congregatio on Sept 8, 2014 21:31:25 GMT 4
The requests for EBICS accounts keep on coming and coming and people do not seem to be able to understand it, so here is the clue to start:
EBICS is a short form of Electronic Banking Internet Communication Standard
The SEPA (short for Single Euro Payments Area) standardises the clearing protocols in the interbank networks. The SEPA-Clearing guidelines do not change any national clearing transmission protocols and only handle protocols for international transfers while they allow the use for national transfers in general.
The German Zentraler Kreditausschuss (ZKA / Central Credit Committee) initiated the project to replace the national banking clearing system and the design idea was to create a transmission protocol that can be used by other countries as well.
On 1 January 2006 the new EBICS transmission protocol was included in the German DFÜ-Abkommen (EDI-Agreement).
On 14 November 2008 a cooperation with the French "Comité Français d’Organisation et de Normalisation Bancaire" (CFONB) was pronounced such that EBICS would be adopted for usage in France. On 5 May 2009 a joint committee was created to resolve a modified EBICS. On 12 February 2010 a common EBICS for Germany and France was published (Version 2.4.2).
The EBICS protocol is based on an IP network.
The standard does include two major areas - for usage in the bank-client transmission including statements of account (MT940/STA) and for interbanking clearing. The German Bundesbank has adopted the EBICS transmission protocol on 28 January 2009 to accept clearing information to be routed to the SWIFTnet interbanking network. The Bundesbank will only accept SEPA statements via SWIFTnet FileAct or EBICS submissions.
EBICS while in use with almost all major European Banks and those who use SEPA with their larger corporate clients, requires a specific software, just like the one offered here: qualif-ebics.webank.fr/qualif-ebics/ also see the discussion of the software module at:http://www.clear2pay.com/payments/payment-solutions/electronic-banking/ebics
It is currently expanding as an alternative to SWIFT but is mainly used by German and French Banks, EBICS accessible accounts are nothing else but online accounts which are accessible only through specific software add ons and such process depends on the software the bank is using and allowing. The access modules are tightly controlled and while you may be able to get them on the internet the access is restricted to large corporate treasuries and banks. The system is very similar to the SWIFT access for corporate users.
This means that EBICS access requests usually need to be coming forward either from institutional accounts, QIB's (Qualified Institutional Buyers -100M USD minimum under management) or financial institutions (proper licensing required).
EBICS transfers are not a matter of brokerage!
EBICS is a short form of Electronic Banking Internet Communication Standard
The SEPA (short for Single Euro Payments Area) standardises the clearing protocols in the interbank networks. The SEPA-Clearing guidelines do not change any national clearing transmission protocols and only handle protocols for international transfers while they allow the use for national transfers in general.
The German Zentraler Kreditausschuss (ZKA / Central Credit Committee) initiated the project to replace the national banking clearing system and the design idea was to create a transmission protocol that can be used by other countries as well.
On 1 January 2006 the new EBICS transmission protocol was included in the German DFÜ-Abkommen (EDI-Agreement).
On 14 November 2008 a cooperation with the French "Comité Français d’Organisation et de Normalisation Bancaire" (CFONB) was pronounced such that EBICS would be adopted for usage in France. On 5 May 2009 a joint committee was created to resolve a modified EBICS. On 12 February 2010 a common EBICS for Germany and France was published (Version 2.4.2).
The EBICS protocol is based on an IP network.
The standard does include two major areas - for usage in the bank-client transmission including statements of account (MT940/STA) and for interbanking clearing. The German Bundesbank has adopted the EBICS transmission protocol on 28 January 2009 to accept clearing information to be routed to the SWIFTnet interbanking network. The Bundesbank will only accept SEPA statements via SWIFTnet FileAct or EBICS submissions.
EBICS while in use with almost all major European Banks and those who use SEPA with their larger corporate clients, requires a specific software, just like the one offered here: qualif-ebics.webank.fr/qualif-ebics/ also see the discussion of the software module at:http://www.clear2pay.com/payments/payment-solutions/electronic-banking/ebics
It is currently expanding as an alternative to SWIFT but is mainly used by German and French Banks, EBICS accessible accounts are nothing else but online accounts which are accessible only through specific software add ons and such process depends on the software the bank is using and allowing. The access modules are tightly controlled and while you may be able to get them on the internet the access is restricted to large corporate treasuries and banks. The system is very similar to the SWIFT access for corporate users.
This means that EBICS access requests usually need to be coming forward either from institutional accounts, QIB's (Qualified Institutional Buyers -100M USD minimum under management) or financial institutions (proper licensing required).
EBICS transfers are not a matter of brokerage!