Automated Clearing House EGACH EGACH Direct Credit for

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Automated Clearing House (EG-ACH) EG-ACH Direct Credit for Corporate Copyright © 2012

Automated Clearing House (EG-ACH) EG-ACH Direct Credit for Corporate Copyright © 2012

CBE - Payment and Settlement Systems o In its effort to develop payment systems

CBE - Payment and Settlement Systems o In its effort to develop payment systems in Egypt, q CBE has established Real Time Gross Settlement (RTGS) system for large value payments, q CBE has assigned EBC with the development of the Automated Clearing House (ACH) system for bulk payments. Central Bank of Egypt Banks RTGS CCH EGP ACH 123 Mobile CCH Banks USD, EURO EBC Role CBE Role Copyright © 2012 Egyptian Banks Company 2

EG-ACH Introduction o The Egyptian Automatic Clearing House (EG-ACH) is a nationwide Electronic Funds

EG-ACH Introduction o The Egyptian Automatic Clearing House (EG-ACH) is a nationwide Electronic Funds Transfer (EFT) network. o EG-ACH processes batches of interbank Credit and Debit transactions. o EG-ACH facilitates a wide range of (B 2 B, B 2 C, C 2 C) payments such as salary distribution, supplier payment, governmental payments, pension distribution and many more. 3 Copyright © 2012 Egyptian Banks Company

EG-ACH Characteristics o Batch system o Credit Transfers & direct debit to/from all banks

EG-ACH Characteristics o Batch system o Credit Transfers & direct debit to/from all banks o High volume, Low value transactions o Low Cost o Non-Real time o Ability to cancel/reject transactions o Multi-lateral settlement o Support forward value dates 4 Copyright © 2012 Egyptian Banks Company

EG-ACH Workflow Originating Bank Receiving Bank Payers: Corporations Ø Corporate Payees: Individuals RTGS Ø

EG-ACH Workflow Originating Bank Receiving Bank Payers: Corporations Ø Corporate Payees: Individuals RTGS Ø Individual Ø Corporate Ø Individual Funds Movement 5 Copyright © 2012 Egyptian Banks Company

ACH Benefits for Corporate o Cash management q Initiate all payments from one bank

ACH Benefits for Corporate o Cash management q Initiate all payments from one bank account q Business-to-Business payments (Supplier payments, Merchant payments) q Improves cash flow management o Reduces processing cost (No paper work, less time) o Easy recurring payments o Reduce domestic transfers transaction cost o Secure and cost effective mechanism to eliminate cash transfer risk 6 Copyright © 2012 Egyptian Banks Company

EG-ACH Usage for Corporate o Business to Business Payments o Payment for customers (Same

EG-ACH Usage for Corporate o Business to Business Payments o Payment for customers (Same day/Forward value). o Supplier Payments o Payroll 7 Copyright © 2012 Egyptian Banks Company

8 Copyright © 2012 Egyptian Banks Company

8 Copyright © 2012 Egyptian Banks Company

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