Cash Management

Cash Management

In times of globalised markets and increasing competition, efficient Cash and Liquidity Management is extremely important for both our national and international customers. Therefore, RBI considers Payments and Cash Management as core parts of its business. Our tailor-made Cash Management solutions actively support your Liquidity Management and payment transactions - locally and globally.

Our innovative services for commercial customers and financial institutions range from traditional payments products such as SEPA and cross-border-payments, electronic banking and e-business services to complex, international Cash Pooling and individual one-off payment solutions.

With RBI as your partner in Austria and Central and Eastern Europe you will benefit from the know-how, efficiency and flexibility of our Cash Management experts. Professional consulting and innovative solutions are an important part of our culture - we are looking forward to working with you!

Commercial Customers

  • Account
    RBI offers a wide range of tailor-made account products. Various tools and applications make your account movements and arrangements on the RBI account simple and clear.
  • SEPA and international payments
    Providing excellent services for handling your SEPA and international payments as well as your global Cash Management is RBI's main objective. We offer a variety of delivery channels, formats and account information for your SEPA transactions both Credit Transfers and Direct Debits as well as your international payments.
  • Electronic banking and liquidity management
    RBI provides your company with an ideal electronic banking system – either based on installed software or by means of secure internet access. Performance, stability and maximum security are the main features of the system.
  • RBI Business Banking APP
    The new RBI Business Banking APP provides mobile access to your accounts whenever and wherever you are straight from your smartphone or tablet. Take advantage of RBI Business Banking APP and receive the latest account information.
  • Cash Pooling
    With innovative local and cross-border Cash Pooling structures, RBI enables companies with multiple branches in Austria and abroad to centralise their Liquidity Management and optimise interest income.
  • Card Acquiring
    RBI´s Cross-Border Merchant Services (CBMS) provides centralized card acquiring solutions to multinational retailers in Central and Eastern Europe.
  • SWIFT for Corporates
    Our SWIFT for Corporates products offer you the opportunity - via MA-CUG (Member Administered Closed User Group) or SCORE (Standardised Corporate Environment) – to participate in the global SWIFT network.
  • Special Services
    Individual company structures often demand tailor-made services. The special Cash Management products of RBI form the link that integrates specific requirements into your Cash Management system.
  • Cash Management Hotlines
    For information purposes and questions please contact our Cash Management Support Desk, our ELBA Hotline and our specialists of our Cash Management team.

Value Dating Year-End 2017/2018

Bank Holidays 2017

Bank Holidays 2018

Financial Institutions

  • Account Services
    With various Account Services RBI offers optimum solutions for payment and clearing business.
  • Clearing Services
    RBI is a payments services specialist. Acting as a link between the emerging markets and the Euro zone, RBI offers its correspondent banks a wide range of Clearing Services in many currencies.
  • Reporting Services
    In order to ensure efficient and reliable account information RBI provides comprehensive online services as well as message delivery via SWIFT.
  • Settlement Services
    RBI is directly connected to national and international payment systems. Our top priority is to process the transactions of our correspondent banks as quickly and inexpensively as possible.
  • Services for domestic banks
    Financial institutions within Austria can take advantage of RBI’s extensive payment and cash management services.
  • FAST@Web
    FAST@Web is a browser-based solution for international payment transactions and is ideally suited for banks, which do not have direct access to the SWIFT network.

List of Main Correspondent Banks for Commercial Payments

Bank Holidays 2017

Bank Holidays 2018

MT103 STP Quality Rules

MT202 STP Quality Rules

Infrastructures

RBI has a leading position as clearing bank since many years. The basis is its big engagement in the most important payment infrastructures - especially in the SEPA-Area. Through its active participation in national and international committees the development of those infrastructures was and will be influenced decisive.

Amongst other things RBI was working very intense for the participation of the Raiffeisen Banking Group in the national clearinghouse (Clearing Services Austria - CS.A) which went live in November 2011. CS.A is processing national formats as well as SEPA-formats.

RBI  is connected to the following national and international payment systems:

  • Clearing Service Austria (CS.A)
    Direct clearing member of the national clearing house CS.A. RBI offers other banks located in Austria a participation as "Leitwegbank".
  • SWIFT (Society for Worldwide Interbank Financial Telecommunication)
    RBI has been member since 1977 and is fully supporting the SWIFT community in fields of new developments.
  • SSP/TARGET2 (Trans-European Automated Real-Time Gross Settlement Express Transfer)
    Following TARGET, went live in November 2007. RBI is a direct participant of the Single Shared Platform (SSP)/TARGET2 and offers indirect participation to other banks. With TARGET2, a unified Europe-wide platform was established.
  • Target2 Directory
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  • EBA EURO1/STEP1
    RBI is a direct clearing member of EBA (Euro Banking Association). Therefore we can offer STEP1 settlement.
  • EBA STEP2
    Platform for the Pan-European Clearing House (PE-ACH), where RBI also acts as direct participant, is offering access for numerous connected Banks as well in the "old" XCT system, that enables to send EU regulated Payments, as in the new SEPA Credit Transfer Scheme (SCT) and SEPA Direct Debit Scheme (SDD Core and B2B).
  • SIX (Swiss Interbank Clearing)
    with the two payment systems SIX for CHF and euroSIX for EUR. RZB has been a member of the Swiss Interbank Clearing system since May 2005.

Applications

Commercial customers

Financial Institutions

RBI Business Banking App

The new RBI Business Banking APP provides mobile access to your accounts whenever and wherever you are straight from your smartphone or tablet. Take advantage of RBI Business Banking APP and receive the latest account information. Get access to all transactions which have been prepared for authorisation. Sign payments for the whole Raiffeisen Network in Austria or Central Eastern Europe. The RBI Business Banking APP is the new extension of the existing product range. Raiffeisen Bank International AG is again emphasizing its leading role as cash management specialist.

Advantages of the RBI Business Banking APP
 

  • mobile liquidity management
  • independent of time and location
  • custom user configuration
  • available in 13 languages
  • possible combinations with CMI, CMI@Web and ELBA-business

     

app store  google play

SEPA changes in 2016

With the conversion of national credit transfers and direct debits to the European standardized SEPA products effective August 1st, 2014, a milestone was made towards harmonization and optimization of European payments.

In the EU Regulation 260/2012 (Directive establishing technical and business requirements for credit transfers and direct debits in euro) longer transitional periods were established for the implementation of certain products which will expire or be realized in 2016.
 

  • Changes from February 1st, 2016

"IBAN only" for cross-border SEPA payments
For transfers and direct debits within Austria it is already standard that the IBAN is sufficient for addressing the recipients account. From February 1st, 2016 it is also sufficient to order cross-border payments with “IBAN only”. The BIC is not necessary any more. When creating XML data carriers please refer to the technical specifications on www.stuzza.at.

End of forwarding images
From February 1st, 2016 paper-based orders may only be transmitted as full data carriers (all data in electronic form) to the recipient by the customer's bank. Therefore you have the advantage that all information is available on your bank statement and the manual mapping of image data for reconciliation is no longer necessary.

  • Changes from November 1st, 2016

Replacement of euro transfers and direct debits by SEPA products in non-euro countries
The implementation of the SEPA Credit Transfer and SEPA Direct Debit is currently obligatory in the euro countries of EU/EEA only. From November 1st, 2016, the non-euro EU countries also have to replace the national euro credit transfer and direct debits by SEPA products.

Affected countries are Bulgaria, Denmark, Great Britain, Croatia, Iceland, Norway, Poland, Romania, Sweden, Czech Republic and Hungary.

  • Changes from November 20th, 2016

SEPA Rulebook changes
From November 20th, 2016 some changes in the SEPA Direct Debit Scheme in the SEPA Rulebook are implemented. The previous term of 2 or 5 days before the due date is shortened to 1 day in the entire SEPA area. The term for both SEPA Direct Debit schemes (Core and B2B) are therefore generally unified within 1 day.

Furthermore, it is no longer necessary to distinguish between initial and recurring direct debits.


Benefit from the innovations in 2016 through improved data quality as well as a simpler and more customer-friendly use of the SEPA direct debit scheme.

SEPA Newsletter

Cash Management Awards

RBI awarded "Best Treasury and Cash Management Bank in Austria 2017", winner of the "Transaction banking award 2017 for Cash Management in CEE" and the serial winner of "Best Cash Management Services in Central & Eastern Europe" award, this year for the seventh time in a row.

Global Finance magazine has named the World’s Best Treasury & Cash Management Providers. After 2015 and 2016, Raiffeisen Bank International AG (RBI) again has been awarded the title of "Best Treasury and Cash Management Bank in Austria 2017".

Financial Times magazine "The Banker" decorated RBI with its "Transaction banking award 2017 for Cash Management in CEE".

RBI again has been recognized in EMEA Finance´s annual Treasury Services Awards and has been awarded the prestigious title of "Best Cash Management Services in Central and Eastern Europe 2017" for a seventh consecutive year.

For the first time RBI Cash Management won the title "The Innovators 2016" for Product & Process Innovation for its new Cash Management Billing Solution.

“It is certainly an honor receiving this prestigious title for the past seven years, however, also demonstrating RBI’s clear strategy and focus in this core area of banking. It also reflects RBI’s continuous investments in service excellence, technology and a customized digital banking platform”, said Sabine Zucker, Managing Director and Head of RBI’s Trade Finance & Transaction Banking Division. “RBI offers its customers end-to-end cash management solutions. These allow to manage pools of liquidity in different regions and provide global solutions customized and suited to the local needs of its customers in Austria and in the 14 CEE countries where RBI runs leading banks. The bank’s regional network in CEE is an integral part of its success."

“Recognizing the growing importance of payments and cash management, RBI continuously acts as a promotor and innovator on the European payment stage”, explains Susanne Prager, RBI’s Head of Cash Management. “RBI constantly strives to improve cash management services as well as cross-border payments by increasing speed, transparency and information for its customers. SWIFT GPI, real time instant payments, rolling out SEPA outside the euro area, Commercial Payments Clearing in CEE/CIS, the extension of cross-border cash pooling to new countries as well as RBI’s centralized Card Acquiring Solution are only some of the innovative business areas, which are important to clients and where RBI is one of the frontrunner banks.”

Susanne Prager

Head of Cash Management
Raiffeisen Bank International
Am Stadtpark 9, 1030 Wien
Tel: +43-1-71707-3480
susanne.prager@rbinternational.com
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