Transcript Type the title of your presentation here

CCI via SWIFTNet
Migrating you safely to Euroclear’s
Single Platform
London, July 2nd 2008
Slide 1
Agenda 1 of 2
CCI
update from Euroclear
Charles Pugh, Senior Relationship Manager,
Yves Lamote, Director, Project Manager Common Communication Interface,
Demystifying
ISO 15022 & 20022
Tom Alaerts, Business Analyst, Standards Initiatives, SWIFT
CCI
Implementation & CREST migration path
Lut Buntinx, Manager CCI Project implementation, SWIFT
Nigel White, CREST Service Manager, Key Clients Support, SWIFT
Coffee
break
Slide 2
Agenda 2 of 2
Return
from Coffee break
SWIFT
Infrastructure for CCI
David Singh, Technical Consultant, SWIFT
CCI
via SWIFTNet – Your benefits
Charles Robson, Account Director, SWIFT
Integration
Wrap-up
challenges - Panel discussion
and closing
Slide 3
Welcome to CCI and the challenge ahead
Charles Welham
Slide 4
Euroclear
Charles Pugh
Yves Lamote
Slide 5
Euroclear Single Platform
Common Communication Interface
Agenda Custody services in the
Single Platform

Euroclear Group Consolidation strategy and projects
7
Consolidation of markets within Euroclear
Group
Customer
Agent
Access /
Communication
Common Communication Interface
Contract /
Relationship
Service
Euroclear UK
& Ireland
Euroclear
France
Euroclear
Nederland
Euroclear
Belgium
Domestic Service
Euroclear
Bank
Full Service
Full integration of legacy systems and functionality
IT
infrastructure
Single Settlement Engine
Central
Banks
&
Paymen
t
systems8
Timeline for platform consolidation
Client impact
2006
2007
2008
2009
2010
CCI
Single Gateway
Early ISO Adoption
SSE
ESES
SP Custody
SP Settlement
Harmonisation
Technical
only
Euronext
instruments
Custody all
Euroclear
group
markets
Settlement
all Euroclear
group
markets
Consolidation
Settlement
activity
Euronext
markets
custody &
settlement
Custody
on a single
platform
Settlement
on a single
platform
9
Objectives of harmonisation
and consolidation in Europe
• Markets are resolved to address fragmentation issue
• Benefits:
 Improved STP using ISO standards
 Reduction of costs and risks thanks to:
 Removal of paper processes
 Standardisation of practices
 Consolidation / simplification of platforms and processing
systems
10
The role of Euroclear Group in addressing
fragmentation issues
Result of the Euroclear Group market consultation
Play leading role in supporting key market initiatives to remove
Giovannini barriers (eg. ECSDA, …)
Contribute to building a Single European Market: single,
harmonised platform for corporate actions and meetings in
Belgium, France, Ireland, The Netherlands and United Kingdom
Reduce X-border transaction costs thanks to harmonisation of
market practises
11
SP Custody
Key improvements Euroclear UK & Ireland
• Use of ISO 15022 formats and 20022 (Meetings)
• Harmonisation of Corporate Action processing in
Euroclear UK & Ireland
 Classification and simplification of the CA’s
 Single Order of dates
 Introduction of interim securities for all distributions with
options
 Cash distribution
• Entitlement reporting
• Single announcement for multiple accounts or per
account
• Standing instructions
• Standardisation of CA processes
12
Common Communication
Interface
CCI Principles
CCI Migration
3rd Party Providers
Support
CCI Features
Three Channels

STP File Transfer (AutoFlow)
 Files of messages
 For bulk message exchange
 Parameters to trigger outbound
files
 Format identical to messaging

STP Messaging (AutoFlow)
 Individual messages
 Sent in real time
 Parameters to filter outbound
messages
STP channels

Screen channel
(ScreenFlow)
 Mandatory for set-up and
operator management
 Sole point of contact for
smaller clients
 Back-up and exceptions
for larger clients
(ISO15022 Messaging
ISO20022)
File transfer
Screen interface
Pull
recov
ery
Push
Pull
CCI
14
CCI Features
Network Providers
Client
Network
BT / SWIFT
Network
Provider
gateway
Euroclear group
BT / SWIFT
Network
Provider
gateway
Single
Platform
15
CCI Pricing
• CCI pricing components :
• Reported items fees : cover the cost of the Euroclear reports
• Family Concept
• Sliding Scale
• Flat fee for ‘value added’ reports
• Network Provider fees
• Sender pays model : traffic sent is charged by the SMS
provider
• Euroclear recharges SMS costs for reporting traffic
16
Common Communication
Interface
CCI Principles
CCI Migration
3rd Party Providers
Support
CCI - Migration Challenges
Connectivity
Three
Levels
Of
Change
•Technical interfaces
providers
•Network
•Migration facilitators
Data Formats
•ISO Standards
Back Office
processes
•Harmonised
•Training
18
Rollout SP Custody / CCI and testing
Oct 08
2008
Summer 09
Q4
Q3
Q1
Q2
2009
Q4
Q3
Launch dates
= launch in test
CCI gateway
CCI ISO Validation
Participant Acceptance Test
EB ESES EUI
= launch in production
ScreenFlow
technical deployment
CCI Single Gateway
Production
Testing facilities
Connectivity testing (CCI gateway)
•For all clients
ScreenFlow (User & Subs. Mgt) and AutoFlow technical testing
Permanent
testing
environment
CCI / SP ISO syntax validation
Functional Testing
•Additionally for CCI SG candidates
CCI Single Gateway - Legacy ISO Testing
Monitored Migration phases
Analysis & Decision making
Technical deployment phase
Functional implementation phase
PAT phase
19
Common Communication
Interface
CCI Principles
CCI Migration
3rd Party Providers
Support
Model 1 – Back-Office System Providers /
Message Brokers
Contractual Agreement
Contractual / Commercial Agreement
Legal Department
Legal Department
Vendor
EG Participants
Develops a back-office
Euroclear Group
Account Owner
package
Security
Back-Office
Security
Security
Security
Security
Security
Security
Security
Back-Office
Back-Office
Back-Office
Back-Office
EG participants :

Buy and integrate the
back-office package
21
Model 2 – Service Bureaux
Contractual Agreement
Legal Department
Contractual Agreement
Legal Department
EG Participants
Account owners
Service Bureau
Euroclear Group
Operating the accounts
owned by EG participants
Security
Security
Security
Security
Security
Security
Security
Security
Back-Office
4 potential levels of
outsourcing :

Management of the
gateway
(connectivity, security)

Management of the
channels
(screen, STP)
22
Common Communication
Interface
CCI Principles
CCI Migration
3rd Party Providers
Support
Support
Support from Euroclear




www.euroclear.com
Plenary and bilateral meetings
Webinars (https://euroclear.webex.com)
Documentation
Contact

Your Relationship
Manager
Q&A Service


SP.connectivity@euroclear.
com
[email protected]
24
25
Demystifying
ISO 15022 & 20022 for CCI
Tom Alaerts
SWIFT Standards
Slide 26
Timeline for platform consolidation
2006
2007
2008
2009
2010
2011
CCI
Single Gateway
Early Harmonisation
SSE
ESES
SP Custody
SP Settlement
Harmonisation Technical
Euronext
instruments
Custody all
Euroclear
group
markets
Settlement
all Euroclear
group
markets
Consolidation Settlement
Euronext
markets
custody &
settlement
Custody
on a single
platform
Settlement
on a single
platform
only
activity
Source: Euroclear
Slide 27
Standards for Euroclear CCI
Business area
Business
justification
15022
20022
Developer Co-existence
support
Issuing agent
Done
x
v
EoC
x
New issuance
Done
x
v
EoC
x
Market claims
Done
v
v
EoC
x
Registration
??
v
v
EoC
x
Corporate actions
Done
v
v
SWIFT
v
Settl & reconciliation
Done
v
v
SWIFT
v
Tri-party collateral
Done
v
v
SWIFT
v
Sec. ref data
??
x
x
?
x
Proxy
Done
(v)
v
SWIFT
x
Tax
???
(v)
x
?
x
Administration
(Done)
(v)
(v)
?
x
Cash
Done
v
v
SWIFT
x
Collateral
??
(v)
v
?
x
Slide 28
The principles of ISO 15022
Information is identified and programmed once, but
reused continuously
Two concepts:

Generic field

Start and end of block fields
Slide 29
A typical ISO 15022 FIN message
Sender PEFIGB22
MT 502 (order to buy)
Receiver BDAPGB22
:16R:GENL
:20C::SEME//3455
:23G:NEWM
:16S:GENL
:16R:ORDRDET
:16R:PRIC
:90B::LIMI//ACTU/GBP25,
:16S:PRIC
:22H::BUSE//BUYI
:22H::PAYM//APMT
:98A::EXPI//20070820
:16R:TRADPRTY
:95A::BUYR//PEFIGB22
:16S:TRADPRTY
:36B::ORDR//UNIT/900
:35B:ISIN GB1234567890
:16S:ORDRDET
ISO 15022 is a good standard
in that it is very predictable
(unlike the SWIFT proprietary
standard).
For example:
20C always = reference
90a always = a price
98a always = a date
36B always = a quantity
of financial instrument
95a always = party
Slide 30
The principles of ISO 15022
Start and end of block fields
Message Type
Sequence
16R Start of Block
Set of Data Fields
16S End of Block
Slide 31
Euroclear message inventory

Complete overview, at the message level, of the messages
available to clients on the Euroclear platforms, including
legacy systems and the Single Platform
–
The Message Guide identifies each message function on the Single Platform,
explains its usage and identifies the correct ISO standard message to use
–
The Migration Guide provides a comparison between the Single Platform message
functions and existing proprietary and ISO messages on the various legacy
systems, and then tracks the rollout of ISO messages in the SP.
• You will find it on the Euroclear website:
http://tinyurl.com/4ao2gs
Source: Euroclear
Slide 32
SP Custody and CCI documentation
Schedule





Single platform custody intro to the documentation at
http://tinyurl.com/6247wy
Issuance and issuer agent data exchange manual (ISO 20022) partly at
http://tinyurl.com/6ql45u
May 2008
– Migration to the CCI
June 2008
– Corporate actions – full service
– Corporate actions – domestic service – v2 (v1 is at
http://tinyurl.com/6neboe )
– Mandatory cash distributions – full service
– Single Platform Custody data exchange manual – full service and
domestic service – v2 (v1 is at http://tinyurl.com/56hypu )
…
Source: Euroclear
Slide 33
What about Crest DEX standards?
 Euroclear
does not plan to specify official
mapping/translation info, but will organise
workshops explaining pain points.
 CREST
ISO standard Data Exchange Manual:
http://tinyurl.com/6pouo7
ISO 15022 only, for now – not yet for CCI
Slide 34
Training – getting proficient in ISO 15022
Classroom courses
Securities settlement and reconciliation messages
This 2-day course helps you to understand the SWIFT messages used for settlement and
reconciliation and the related payments messages.
Securities corporate action messages
Learn to understand the ISO 15022 SWIFT messages used for corporate actions and the
related payments messages.
Understanding SWIFTNet Funds messages and flows
Receive an overview of the SWIFTNet Funds solution and in-depth information on the
related ISO 20022 messages.
e-learning
Quick start – SWIFT securities messages
This module gives practical information and training on how to create ISO 15022
messages in a fast and simple way.
Slide 35
Implementing SWIFTStandards MT/XML

XML schemas representing MT
messages
– Including sufficient metadata
to parse and format the MT

Software to convert from
message in MT format to XML
and back
– SWIFTStandards provides
open source reference
implementation, not licensed
for production
– Vendors (including SWIFT)
to provide supported
implementations

MT gains advantages of XML
Slide 36
The evolution of SWIFTStandards
SWIFTStandards
Securities
Other markets
ISO 7775 (syntax = traditional
Traditional FIN
FIN, such as MT 521, MT 500, …)
(e.g. MT 100, MT 202, …)
ISO 15022 (syntax = enhanced
Traditional FIN
FIN, such as MT 502, MT 54x, …)
(e.g. MT 103)
UNIFI (ISO 20022) (syntax = XML, such as Investment
Funds, Cash Reporting, Bulk Credit Transfers, …)
Slide 37
CCI via SWIFTNet
Migrating you safely to Euroclear’s
Single Platform
Lut Buntinx
Slide 38
Euroclear timelines – Migration per wave
2008
Q1
Q2
Q3
2010
2009
Q4
Q1
Q2
Q3
Q4
Q1
Q2
Q3
2011
Q4
Q1
Q2
Q3
Q4
ESES
SP
Custody
ScreenFlow
Connectivity
SP
Settlement
ISO Syntax validation
Single
Gateway
Live
= Start date for testing facilities
= Full Functional Test Phases (PAT)
Single
Platform
= Live Date
Slide 39
Customers migration questions

What do I need to do and by when?

How do I keep impact on my back-office integration
limited to ensure minimal disruption?

Can I use this migration to improve current automation
levels?

How do I keep my communication infrastructure
investments and project management cost to a
minimum?
Slide 40
Migration to CCI the 7 step Approach
Regional Sales Approach
Awareness
Analysis/
Discussion
Q 4 2009
31 Dec 2008
Decision
eLOI
Global Deployment
Technical
Design
Implementation
Testing
Live
e-orders
Slide 41
Migration to CCI the 7 step Approach
Regional Sales Approach
Awareness
Analysis/
Discussion
31 Dec 2008
Q 4 2009
eLOI
Decision
Global Deployment
Global Deployment Programme
monitored by SWIFT
Technical
Design
Implementation
Testing
Live
You will be reminded of certain milestones
You will be invited to perform certain tasks (e.g. WSHA Installation/GUI installation,
connectivity test, ISO test etc against certain deadlines
The SWIFT support team will be there for technical assistance
A SWIFT migration team will be there to give you guidance for your
project execution and help you with your ordering process
WSHA installation services can be obtained from SWIFT
Slide 42
Migration to CCI the 7 step Approach
Technical
Design
Technical design for future
SWIFT infrastructure needs for the CCI
E-orders:
Technical design and
E-ordering
Service subscriptions
WSHA
WSHA installation services
possible infrastructure upgrades
Slide 43
Migration to CCI the 7 step Approach
Installation of WSHA
Installation of ScreenFlow GUI
Implementation
installation of all other infrastructure
upgrades (if requried)
RMA or certificate exchange
Installation and
preliminary testing
ScreenFlow root operator logons
OAM (ScreenFlow creates AutoFlow operator)
Connectivity testing for all channels
Upgrade of ScreenFlow application before PAT
ISO validation testing:
As of Q1 2009 – testing environment - 3 to 4 month duration
Mandatory for STP users
Connectivity testing must be achieved before entering in ISO testing
Slide 44
Migration to CCI the 7 step Approach
PAT: Participant’s Acceptance Testing
Testing
SWIFT will monitor the testing activity
Euroclear will run the PAT:
- SP Custody business screens in ScreenFlow
Full Functional testing
-SP Custody core processing of Business data
(EB only in the first stage, EUI after)
- Testing based on scenarios
- Scenarios described in advance (Q2 2009)
- Registration required
- Participation to testing monitored by Euroclear
Slide 45
Migration to CCI the 7 step Approach
Live
SWIFT will monitor the life
traffic activity
Euroclear will require the go-live for the
custody business on the Single Platform
as from Q4 2009
Custody business
On the Single Platform
Euroclear Bank clients first
ESES and EUI clients will follow.
Slide 46
Support - More information
www.euroclear.com
F.A.Q &
Technical
specifications
www.swift.com/eses
www.swift.com/cci
F.A.Q &
Implementation
guide
Questions? -> [email protected]
e-LOI on www.swift.com/cci for best support
Slide 47
CREST, the CCI migration
path
Nigel White
London, 2nd July 2008
Slide 48
SWIFT’s solution
Keep it simple
Existing hardware : no mandatory upgrades
required
Existing SAA/SAS/SAG : can also be used for CCI
Existing service levels : remain unchanged during
CCI migration
Slide 49
Migration stages
Stage 1 : install Web Services Host Adapter onto
SAS/SAG

Facilitates connectivity via CCI GUI (Euroclear
product)

CCI GUI required for connectivity testing &
screen flow traffic

Installation Oct 08 to Mar 09
Slide 50
Migration stages
Stage 2 : SAA upgrade options

SAA 6.0 Support continues

SAA 6.3 Supports FileAct interface for CCI
back office traffic, also supports MQHA

SAA 6.2 is NOT qualified for CREST
Slide 51
Advantages of SWIFT’s CCI solution
Current CREST GUI and CCI GUI operations can
coexist
Current file transfer operations (DEX & ISO15022)
can coexist with CCI FileAct operations
Slide 52
Slide 53
SWIFT Infrastructure for CCI
David Singh
London, 2nd July 2008
Slide 54
CCI project objectives
 Formats
 Channels
 Platforms
Slide 55
CCI formats & channels
Euroclear
Bank
STP
channel
file transfer
Screenbased
access
Your
institution
Euroclear
UK&Ireland
Euroclear
France
Euroclear
Nederland
Euroclear
Belgium
Not
EUCLID
CREST
Not
AutoFlow
File Transfer
via SWIFTNet
FileAct
E2A
FTP
applicable
FT
FT & Forward (pushapplicable
Store
mode)
e-RGV
ScreenFlow
via SWIFTNet
eRGV (ESES)
Direkte
(ESES)
EUCLID
PC &
EUCLID
Server
STP
channel
messaging
BB-GUIGUI provided
SATELIT
(Screen
Euroclear)
(ScreenFlow by Verbinding
& ScreenFlow
optional)
(pull
mode)
CREST
Not
E2A
AutoFlow
Messaging
applicable
FT
Not
applicable
via InterAct (for ISO 20022 messages)
via FIN (for ISO 15022 messages)
FIN
FIN
(reporting only)
FIN
(push
mode)
(ESES)
optional
FIN
FIN
FIN
(ESES)
Slide 56
CCI platforms
Back Office Applications
NEW
AutoFlow
channels
FIN/MX
Interface
CCI
compliant
File
Transfer
Interface
CCI
compliant
CREST
Interface
EUCLID
Server/PC
eRGV
&
ScreenFlow
E2A
CCI
Screen
channel
SWIFTAlliance
Gateway
WSHA
CCI
compliant
HSM
SWIFTNet
Euroclear
UKI
Euroclear
Euroclear
EuroclearEuroclear
Single Platform
NL
Bank
BE
Euroclear
FR
Slide 57
SWIFTAlliance Gateway is already a CCI Gateway &
gives a transparent migration
File
Interface
=
SWIFT
Alliance
Gateway HSM
Legacy
Interface
=
Today
ECLIBEBB
ECLNBEBB
ECLNFRPP
ECLNGB2L
ECLNNL2A
ScreenFlow
euroclear.screenflow
SWIFTNet
FIN - ISO15022
SWIFTNet InterAct
Single
Gateway
SAB
AutoFlow File Transfer
SWIFTNet FileAct (ISO)
euroclear.autoflowfile
Euroclear
Legacy
Platform
FIN/MX
Interface
Gateway
AutoFlow Messaging
ISO15022 - FIN
ISO20022 - SWIFTNet InterAct
euroclear.autoflowmsg
Euroclear
Single
Platform
ScreenFlow
W
S Client
H
CCI
A
Single Platform
Settlement
SWIFTNet FileAct
SWIFTNet Browse
ScreenFlow (ESES)
euroclear.cci
MGTCBEBE
ESESBEBB
ESESFRPP
CRSTGB2L
ESESNL2A
Single Gateway Live
Slide 58
Value proposition for an existing SWIFT
customer
 Your current SWIFT infrastructure
re-used for AutoFlow Messaging &
AutoFlow File Transfer
Back-office
applications
Screenflow
FIN-IA-FA
S&F interface
AutoFlow
 FIN today = “CCI FIN”
WSHA
SWIFTAlliance Gateway
HSM
 Check:
– Interface support of IA-FA
S&F (for ISO 20022)
– Files to be in Giovannini
rulebook format
 Optional FTA/FTI (SAG) available
for AutoFlow File Transfer
 Web Services Host Adapter
(WSHA) for ScreenFlow
SWIFTNet
Slide 59
Value proposition for a new SWIFT customer

Back-office
application
Direct connectivity:
–
SWIFTAlliance
Webstation
Screenflow
and/
or
AutoFlow
SWIFTAlliance
Access/Entry
–
WSHA
SWIFTAlliance Starter Set
HSM
–

SWIFTAlliance Starter Set
complemented with WSHA for
ScreenFlow (Q4 2008)
Optional SWIFTAlliance
Access/Entry for AutoFlow
Messaging
Enabled for ‘manual’ AutoFlow
File Transfer via SWIFTAlliance
Webstation (SAB)
Indirect connectivity:
–
Through Service bureau
–
Tailor-made integration
–
Service Bureau Qualification
program
SWIFTNet
Slide 60
Value proposition for resilience
- Messages
- Files
Screenflow
SA-Access
AutoFlow
Back-office
applications
Screenflow
AutoFlow
Back-office
applications
SA-Access
- Messages
- Files
WSHA
WSHA
SA-Gateway
SA-Gateway
HSM
HSM
SWIFTNet
Slide 61
SAG - Web Services Host Adapter (WSHA)







Available on all SWIFTAlliance Gateway (SAG) licenses,
including SAS (as of Q3 2008)
Ordering through SWIFT ordering channel, or through
www.swift.com/cci as of Q3 2008
SAG patch 6.1.50 for CCI (Ready for ScreenFlow
testing)
Qualified on SWIFTNet Rel 6.0 & Rel 6.1
Allows communication with Web services using SOAP
Converts SOAP into SWIFTNet traffic
Re-usable for other Web services solutions
Slide 62
SAG - WSHA features
Configured as other Host Adapters (RAHA, MQHA) via
SAG Message Partners
– CCI ScreenFlow defined as Client application
 Secure the connection between CCI ScreenFlow &
WSHA
– SSL
– LAU
 Firewall settings between CCI ScreenFlow & SAG
– Additional port to be configured
 Easy to configure & integrate

Slide 63
SWIFTSupport
World-class customer support






24 hours/day, 7 days/week, 365 days/year
By telephone & over the Internet
To all SWIFT users worldwide
Follow-the-sun model
Local language capabilities
SWIFT won two Customer Relationship Excellence
(CRE) Awards:
– ‘Global Support Services of the Year’
– ‘CRM Director of 2005’ honours for Brian Haughan,
SWIFT’s Head of Customer Operations and
Member of Executive Committee.
Slide 64
CCI via SWIFTNet
Your Benefits
Migrating you safely to Euroclear’s
Single Platform
Charles Robson
Account Director Broker Dealers
Slide 65
Mastering the challenge
Slide 66
The SWIFT value proposition
Cooperative
Message Validation
Reliability
One-Stop-Shop
Consultancy Services
Testing & Qualification service
Real Single Window
Availability
Security
Training & Education
1 level of support for all Customers
Slide 67
CCI via SWIFTNet
Where is the biggest Challenge in this project?
Slide 68
Where is the biggest Challenge in this project?
Issuing Agent
ISO 20022
/ DEX
CSD
Proprietary
Proprietary
ISO 20022
/ DEX
Registrar
ISO 15022
/ Proprietary
Broker/Dealers
Proprietary
Exchange
ISO 15022
/ Proprietary
Data Provider
ISO 15022
/ Proprietary
Custodians
Slide 69
CCI via SWIFTNet - Custody phase (SPC)
Receiving a MT564 from Euroclear UKI or
Euroclear Bank
is NO DIFFERENT
from a receiving a MT564
From your sub custodian/ Agent
Slide 70
CCI via SWIFTNet
Corporate event sequence – Dividend/INTR
EUI
Announcement
Entitlement
Confirmation
Record Date
Pay
Date
Mandatory
MT564
MT564
MT566
Account Owner / Participant
Slide 71
CCI via SWIFTNet
Corporate event sequence – Share Split
EUI
Announcement
Eligibility
Instruction
Status
Response Deadline
Record Date
CHOS
Entitlement
Confirmation
Pay
Date
VOLU
MT564
MT564
MT565
MT567
MT564
MT566
Account Owner / Participant
Slide 72
CCI Business Assessment Programme
Leveraging SWIFT’s Standards and Business Know How
Cost-benefit
analysis
thecurrent
different
channels
Detailed mapping
offor
your
flows
with
(AutoFlow Messaging, FileTransfer, ScreenFlow)
different Euroclear entities
Recommendations on reducing operational
readiness assessment including:
costsAby:
Connectivity, infrastructure & integration
 Optimizing your requirements
operational efficiency (STP)
 Mappings
Choosing the
appropriate
& cost-efficient
& most
solutions
for any
translation
channel for each of your business flows
issues
Slide 73
CCI via SWIFTNET
Commercial rules of engagement
No Contract / No Termed Commitment
CCI via SWIFTNet is a standard SWIFT
Service
No Gold / Sliver / Bronze Support SLA
All Clients receive Premium SWIFT
Support SLA as standard
Slide 74
CCI via SWIFTNet
Key Financial Figures
In 2006 SWIFT published their SWIFT2010 strategy
In addition for 2007
One obligation to its members was to reduce messaging
fees by 50% by 2011.
Generated €57 million in savings for customers
Since 2006 fees have=been lowered by 23%
(excluding
any rebates).
Every SWIFT
Customer
received a 15%
traffic rebate
Further 27% discount still to be applied by 2010.
Slide 75
CCI via SWIFTNet
Key Financial Figures
MT597 (Fin Bulking)
statement of holdings (MT535 – MT537),
confirmations (MT544 – MT547)
status reports (MT548, MT578)
Fixed Fee Plan for Global Traffic Tier 5 & above
Slide 76
CCI via SWIFTNet
WSHA Key Financial Figures
WSHA is not CCI exclusive
SOAP host adapter for any application
WSHA licence is per SAG Licence (9 instances)
No Limit on Number of CCI Gui connections to WSHA
Slide 77
Web Service Host Adapter (WSHA)
SAG
BAND
ONE OFF
FEE
ANNUAL
S&M
SAG Automation
-2
$3,400
$1,700
SAG WebStation Concentration
-2
$3,400
$1,700
Single Window Band
-2
$3,400
$1,700
Single Window Band
-1
$3,720
$1,860
Single Window Band
0
$4,000
$2,000
Single Window Band
1
$4,280
$2,140
Single Window Band
2
$4,640
$2,320
Single Window Band
3
$5,000
$2,500
Single Window Band
4
$5,400
$2,700
Single Window Band
5
$6,000
$3,000
Single Window Band
6
$6,560
$3,280
Single Window Band
7
$7,200
$3,600
Single Window Band
8
$8,040
$4,020
Single Window Band
9
$8,800
$4,400
Single Window Band
10
$9,600
$4,800
Slide 78
SWIFTNet
Tried & trusted v. New and Unknown?
In 30 years not a single secure message corrupted,
misrouted or lost
24/7 Support service is included at no additional fee
82 Market Infrastructures connected to SWIFT
8,332 institutions connected to SWIFT
Slide 79
SWIFTNet
Tried & trusted - 99.999% Availability
Slide 80
Making financial messaging
easy, safer and less costly
Slide 81
Panel Discussion
Slide 82
The Panellists
David Pilbeam Northern Trust
Sharon Ilett Mizoho Trust
Ewan Scott Checkfree
Bob Humphries Jarrive
Kevin Gidden SWIFT
Slide 83
Q&A
Slide 84