This discussion, to which 200 guests from around the world are expected, will focus on the subject of contingency planning. In summary, it can be said that, in the time which remains, the Bundesbank, being aware of its special position and duties, will take all the measures that are needed to ensure that its systems undergo a smooth transition from 1999 to 2000.
Only one month ago, we celebrated the launch of the SEPA direct debit, a truly new payment service at the European level. At the same time, the PSD went into effect which contributes greatly to the harmonization in the retail payments markets. So what does all this mean for the small and medium sized companies?