Cash Management & eBanking January 2014

SEPA Country-Specific Information Romania

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Contents

INTRODUCTION 3 END-DATE INFORMATION 3 IBAN SERVICE 4 SEPA PRODUCTS 4 SEPA CREDITOR IDENTIFIER (CI) 5 MANDATE INFORMATION 6 SEPA FORMATS 6 CHANNELS AND CUT-OFF TIMES 7 VALUE-ADDED SERVICES 7

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INTRODUCTION

This document provides an overview of all country-specific information you need in order to successfully overcome the challenges of SEPA and achieve a seamless migration. Being properly informed and equipped with the necessary tools, you will be able to fully realise all the potential the new SEPA instruments will bring.

END-DATE INFORMATION

SEPA has become a regulatory project. Regulation (EU) no. 260/2012 set the end-dates for national EUR payments schemes and SEPA migration schemes. In Romania important steps have already been made in order to comply with the SEPA regulatory end-date for domestic and cross-border EUR payments – 31 October 2016 – and to offer domestic RON payments that comply with SEPA standards until this date.

From 1 October 2016 onwards all EUR payments – cross-border and national (if there will be national clearing systems in EUR) – should be SEPA-compliant by means of using SEPA Credit Transfer or SEPA Direct Debit products. At the moment there is no national clearing system for EUR available, so the migration terms for Romania refer to domestic and cross-border EUR payments, both considered as foreign payments.

There is no migration deadline imposed for local currency (RON) payments. However, the local banking community decided to start the migration to SEPA standards also for the RON payments. Therefore the national clearing system (SENT-TRANSFOND) has been developed in order to accommodate also SEPA formats for RON, using ISO 20022 standards. The system is SCT-compliant, as of November 2012, and will become SDD-compliant in October 2014.

Nevertheless, SEPA for RON is not mandatory and each bank is free to decide upon the RON payments clearing and the types of files asked from their customers.

Even if payments are not sent in XML SEPA format but the conditions for payments to be cleared via SEPA Clearing Houses are met, under the SEPA regulatory framework UniCredit Tiriac Bank is able to convert the respective payment into a SEPA format.

Conditions for a payment to be processed via SEPA: Currency EUR Fees SHARED Value date T+1/T+2 Valid IBAN of the beneficiary Valid SWIFT/BIC Beneficiary bank is a participant in the SEPA scheme

UniCredit Tiriac Bank already offers its customers the possibility of ordering SEPA EUR payments through a special designated template, containing SEPA specific fields, available within BusinessNet or Multicash. SDD (active and passive) is also made available to our customers.

Our applications allow the import of files in XML ISO20022 format (both V1 and V2).

For more end-date information please refer to the link below:

http://www.ecb.europa.eu/paym/sepa/pdf/countries/ro_sepa_migration_fact_sheet.pdf?490a7c9259c8cc84838a9f4a10196b27

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IBAN SERVICE

The IBAN is mandatory in Romania. All Romanian Banks use IBANs for RON national payments, as well as for payments and collections in foreign currencies.

IBAN structure The IBAN in Romania is composed of 24 characters structured as follows “ROXX AAAA nnnn nnnn nnnn nnnn”: Positions 1 – 2: ISO country code (“RO” for Romania) Positions 3 – 4: Check digits Positions 5 – 8: Bank Identifier Code – Always the first 4 characters of the BIC code allocated to the respective bank (e.g.

“BACX” or UniCredit Tiriac Bank SA) Characters 9 – 24: 16 alpha-numerical characters used to identify a certain branch of the bank and the client's account

number opened within the respective branch. The coding of the branch is not mandatory. Therefore, quite often only the client’s account number is mentioned, padded with “0” as many times as it takes to reach the required character length of 16 (e.g. ROxx BACX 0000 0000 1234 5000).

SEPA PRODUCTS

Domestic products Domestic EUR credit transfers – From 2016 only SEPA will be allowed Domestic EUR direct debit – SEPA-compliant; in UniCredit Tiriac Bank SA, SDD payments are available and SDD collections

are currently in the pilot-project phase

Cross-border products Cross-border EUR credit transfers – From 2016 only SEPA will be allowed Cross-border EUR direct debit – SEPA-compliant – SDD payments available, SDD collections available as pilot project

While designing the SEPA migration approach, companies should get a complete and exact knowledge of the differences in the required data. Related main aspects are summarised below.

Criteria Domestic/Cross-border Credit Transfer (SWIFT or TARGET 2) SEPA Credit Transfer Coverage area For domestic and cross-border payments within EU For domestic and cross-border payments within EU IBAN/BIC IBAN and BIC of beneficiary recommended IBAN/BIC* of beneficiary required Transactions “SHARED” fees are recommended and mandatory if the

payment does not imply a foreign exchange order. “OUR” fees still possible if the payment implies a foreign exchange order EUR currency No maximum limit

SHARED fees only EUR currency No maximum limit

Processing time** 1 day for electronic – Guaranteed since 2012 2 days for paper-based

1 day for electronic – Guaranteed since 2012 2 days for paper-based

Execution date Debit: At execution date Credit for in-house payment: D+0 Credit for payment from other banks: D+0

Debit: At execution date Credit for in-house payment: D+0 Credit for payment from other banks: D+0

Central Bank reporting Resident client obligation to report when partner a non-resident. Payments >EUR 50,000 from/to non-residents are subject to Romanian National Bank reporting.

Resident client obligation to report when partner a non-resident. Payments >EUR 50.000 from/to non-residents are subject to Romanian National Bank reporting.

* BIC mandatory only for domestic/cross-border EUR payments until February 2016 ** Working days

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SEPA CREDITOR IDENTIFIER (CI)

CI for Romania CI for Romania is structured as follows: Positions 1 – 2: Country code (“RO” for Romania) – (n2); Positions 3 – 4: Check digits according to ISO 7064 Mod 97-10 (n2) Positions 5 – 7: “ZZZ” Creditor Business Code (n3) – Not used (needed only for the check digits calculation) Position 8 onwards: National specific information

There are two possible formats: For individuals “ROXXZZZSAALLDDJJNNNC” – 20 alpha-numeric characters long For legal entities “ROXXZZZAAAAAAAAAC” – 17 alpha-numeric characters long

For individuals “SAALLDDJJNNNC” standing for the Personal Numerical Code, where: “S” for male/female values: 1/2 if born 01.01.1900 – 12.31.1999 3/4 if born 01.01.1800 – 12.31.1899 5/6 if born 01.01.2000 – 12.31.2099 7/8 if foreigners resident in Romania

“AA” – Year “LL” – Month “DD” – Day “JJ” – County code “NNN” – Sequence number, value 001 – 999 “C” – Check digit

For legal entities “AAAAAAAAAC” Unique Identification Code (or Fiscal Code) where: AAAAAAAAA – Sequence number of maximum 9 figures C – Check digit

Check digits calculation The check digits calculation requires the following preliminary steps: Fill in position 2 and 3 with “0” From position 8 onwards, the national component must be added. For legal entities add “0” to pad up to 10 digits

(numeric). Add the ISO country code and “00” to the right-hand end of the string, keeping “ZZZ” at the beginning. Convert letters to digits in accordance with the Conversion Table below; apply the check-character system MOD 97-10

(please see ISO 7064) in a similar manner to the one for calculating the IBAN check digits.

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CONVERSION TABLE

A = 10 G = 16 M = 22 S = 28 Y = 34 B = 11 H = 17 N = 23 T = 29 Z = 35 C = 12 I = 18 O = 24 U = 30 D = 13 J = 19 P = 25 V = 31 E = 14 K = 20 Q = 26 W = 32 F = 15 L = 21 R = 27 X = 33

How to obtain a Creditor Identifier A Romanian CI can be obtained from any bank by applying the algorithm described above. The pre-requisite for its allocation is that the creditor has its main residence/office in Romania.

MANDATE INFORMATION

Mandate rules for EUR SDD A written direct debit must exist between the creditor and the debtor. The Paying party must be informed about mandate’s details before the first collection via SDD Core (e.g. via Pre-

notification) with CI, Mandate Reference The debtor must present a copy of the mandate to UniCredit Tiriac Bank SA and fill in a dedicated form in order to request

the set-up of the mandate on his account. The debtor must sign the General Terms and Conditions for SDD in order to activate the SDD product and to allow the set-up of SDD mandates on his accounts.

The first collection of SDD is carried out with the “FIRST” sequence.

SEPA FORMATS

The accepted XML message formats are based on ISO20022 and have been adopted separately by each domestic bank.

XML-based formats – Availability at UniCredit Tiriac Bank

XML-RELATED PAYMENT INITIATION, BOOKING INFORMATION AND ACCOUNT STATEMENTS

XML urgent pain.001

pain.001 pain.002 pain.008 camt.052 camt.053 camt.054 camt.086

Availability at UniCredit Tiriac Bank No Yes Yes Yes No No No No

Note: camt. statements are planned to be available via the eBanking solution BusinessNet mid-2014.

The accepted pain.001, pain.002 and pain.008 formats are based on the ISO 20022 XSD. For more details please refer to the website http://www.iso20022.org.

Remittance information The unstructured remittance information is recommended. Exceptions are defined for the Creditor Reference.

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CHANNELS AND CUT-OFF TIMES

CHANNELS FOR SEPA PAYMENTS INITIATION

SWIFT Local e-Banking solution

Others Host-to-host

Paper-based Single payment

Bulk payments (electronic files)

SCT B2B/ Core

SCT B2B/ Core

SCT B2B/ Core

Availability MT 101 FIN converted to SEPA

Multicash, Business Net Basic and Professional

European Gate Business Connect and Multicash Transfer

Yes (converted from standard)

No Yes Yes Yes Yes

CUT-OFF TIMES

SEPA Credit Transfer SDD Core SDD B2B COT Electronic: 3.30 p.m. GMT+2 (EET)

Paper-based: 3.00 p.m. GMT+2 (EET) 12.00 p.m. GMT+2 (EET) N/A

12.00 p.m. GMT+2 (EET) N/A

Presentation day Same day D-6/D-5/D -2 First/One-off/Recurrent

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VALUE-ADDED SERVICES

UniCredit Tiriac Bank SA is also able to provide you with several value-added services.

Creditor Mandate Management System (only available for Multicash) Our solution is dedicated to customers whose payment system is not able to manage mandates/generate SDDs, who want to manage SDD mandates centrally or for the ones currently generating SDD collections manually. Customers will be able to: Migrate existing mandates (upload possibility) and create new SEPA mandates Manage mandates: Change, delete, respect the “36-months” rule Add missing data from the mandate database to payment collections and generate rules Produce compliant pain.008 transactions

SEPA Conversion from standard payments Standard EUR payments that are initiated paper-based or electronically in the bank’s proprietary formats, meeting certain eligibility criteria, are processed and cleared as SEPA payments.

More information on different SEPA topics, including the “Country-Specific Information” Guides, can be found on UniCredit’s website www.gtb.unicredit.eu. Additional local-specific information can be found at UniCredit Tiriac Bank SA’s website www.gtb.unicredit.eu.

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UniCredit Bank AG Corporate & Investment Banking www.unicredit.eu Cash Management & eBanking Am Tucherpark 1 D-80538 Munich

Disclaimer The products and services featured above are offered by a network of banks and representative offices of UniCredit S.p.A. or its affiliates (the “UniCredit Group”) in accordance with appropriate local legislation and regulation. UniCredit Corporate & Investment Banking is a trademark of UniCredit S.p.A. Nothing in this publication is intended to create contractual obligations on any of the entities composing Corporate & Investment Banking Area of UniCredit Group which is composed of (the respective Units of) UniCredit Bank AG, Munich, UniCredit Bank Austria AG, Vienna, and UniCredit S.p.A., Rome. UniCredit Bank AG is regulated by the German Financial Supervisory Authority (BaFin), UniCredit Bank Austria AG is regulated by the Austrian Financial Market Authority (FMA) and UniCredit S.p.A. is regulated by both the Banca d’Italia and the Commissione Nazionale per le Societa e la Borsa (Consob).