Changed framework conditions in cash payments present new challenges for credit institutions. Since January 2011, the Deutsche Bundesbank only accepts coin money in standardized form. A best practice approach at Taunus Sparkasse shows promising solutions.
Institutions that must implement the new regulation quickly face a high additional workload. Accepting and delivering coin money beyond the standard containers involves partly high costs. Such a far-reaching change within the cash cycle ultimately leads to significant consequences for the profitability and efficiency of credit institutions. Additionally, cash transport companies are concerned about their margins. Nonetheless, looking at practice shows that an efficient design of cash cycles is possible. After all,
financial institutions generally have an excess of coin money, and it is urgently needed on the trading side.