Bellin has updated its treasury management system (TMS) tm5 software so that it offers better connectivity, with 10 new banks added, extra SWIFT message handling functionality, and compliance with new norms coming in under the single euro payments area (SEPA) and European Market Infrastructure Regulation (EMIR). The new functionality will be available on June 19th (Patch Day).
The new SWIFT functionality enables the version to exchange messages with all SWIFT-enabled institutes more easily, with or without additional service bureau, potentially cutting the technical and administrative workload for companies.
The update enables SEPA payments for most European countries via EBICS. BELLIN also
updated the country-specific SEPA formats for Germany, Austria and Switzerland to meet the latest
regulatory requirements. Bank statements now include SEPA-specific information that, for example,
facilitates mandate management. Moreover, SEPA DK direct debit import has been optimized.
They have added the Legal Entity Identifier (LEI) for derivatives reporting to trade repositories. So Bellin users can report their EMIR positions correctly.
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