Transcript Presentation title - SWIFT – The global provider of

SWIFT Essentials
Alex Bagin, Senior Account Director, Mena
The products and services you will be able to explore during this
conference
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Accord Matching
Workers’ Remittances
Business Intelligence
Corporate Access
3SKey
Sanctions
Lite 2
SWIFTRef data
Support packages
SWIFT Consultancy Services
Dubai Hub
Training/ Certification
SWIFT Innotribe
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Global and regional networking
Security, Standards,
Liability, Resilience,
Availability, Reach
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SWIFT FIN message availability 99,997%
210 Countries
10,060 live users
- Latest peak day: 19,992,265 messages on
1 December 2011
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Key principles - Eligibility criteria
CREST Participants
Members
Non shareholding Members
Securities System Participants
Sub-members
Payments System Participants
Trading Institutions
Participants in MA-CUGs
Brokers & Dealers
IMI’s
Corporates
Central Depositories
& clearing Institutions
Treasury Counterparties
Financial Market Regulators
Securities Market Data Providers
SWIFT
SWIFT
Community
Community
Recognised Exchanges
for Securities & related
financial Instruments
Money Brokers
Securities Electronice Trade
Confirmation Service Providers
Fund Administrators
Registrar & Transfer Agents
Treasury ETC Service Providers
Subsidiary Providers of custody
& Nominee Services
Securities Proxy voting Agencies
Travellers Cheque Issuers
Trust or Fiduciary Services Companies
Representative Offices
Non shareholding Financial Inst.
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Traffic Distribution Feb 2012
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SWIFT Lowering the costs
-50% 2006-2010
-20% 2011
15% rebate 2012
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SWIFT Portfolio
Connect Gold
FIN
Partners
Accord
Connect Bronze
SNL
BI
MX
Applications
Standards
Connectivity
Messaging
Service
FIN - MX
Fileact
Solutions
Corporate
connectivity
Trade
services
RTGS
ISO15022
Training
ISO2022
MY
Standards
Interact
Sanctions
Consulting Services
Browse
3Skey
SWIFT Essentials 2012
Connect silver
Bulk Payments
Workers
remittances
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Applications
Accord for Treasury
Single-slide overview
Deal
Confirmations:
(MT 300,305,306,320,
330,340,341,360,
361,362,392)
Accord Subscribers
(>450 in 70 countries)
• Banks
• Brokers
• Custodians
• Fund mgrs
• Corporates…
• Real-time reporting & exception
handling
• Integration available for various
Back-Office Systems
SWIFT Essentials 2012
SWIFT
Accord
subscriber or
non- subscriber
Copies of
confirmations
Accord
• Real-time Confirmation Matching Service
• Availability of >99.97% last 5 years
• >90K msgs/hour observed matching capacity
• Common matching rules + user-defined rules
• Financial Liability for Matching results
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Standards
Connectivity
Service
Solutions
Applications
Messaging
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Standards
MyStandards is complementary to the Standards Developer Kit (SDK).
It will help customers to:
browse and search MT and MX message definitions
collaborate with counterparties by creating and sharing usage guidelines
compare usage guidelines set by market practitioners
analyse the impact of versions on message definitions and usage guidelines
generate (customised) documentation and processable outputs.
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Standards
Connectivity
Service
Solutions
Applications
Messaging
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Connectivity
Connectivity options, adapted to your needs
Direct connection
VPN
VPN
Global corporate (25+bn turnover)
Millions payments/year
Manage your own SWIFT connection
Indirect connection
Very large corporate (1–25 bn turnover)
Hundred thousands payments/year
Outsource SWIFT connection
Network partners
VPN
Internet
or VPN
Service bureau or
Member/Concentrator
Alliance Lite and Lite2
Web server
Internet
Simple solution
Also available for DR site
Work flow
SWIFTAlliance
SWIFT
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Standards
Connectivity
Service
Solutions
Applications
Messaging
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Messaging
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Standards
Connectivity
Service
Solutions
Applications
Messaging
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Service
Support
-Standard
- Standard Plus
- Premium
- Premium Plus
- Premium Custom
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Service
Consultancy Service Domains we cover
Payments
• Cash reconciliation
• Payments STP
• Exceptions and investigations
• Market Infrastructure connectivity
• Corporate access
• SEPA
Securities
• Corporate Actions
• Funds processing
• Custodian / sub-custodian
• Customer connectivity
• Wealth management
• Support of ISO 20022
Other areas
• Trade Finance
• Adoption of ISO standards
• MT to MX migration • SWIFT Organizational Alignment
• Competitive Analysis • Market practice
Infrastructure
• Capacity
• Resilience
• XML and web services support
• Proprietary connectivity displacement
• Middleware layer
• Hubbing
SWIFT Essentials 2012
Treasury
• Foreign exchange
• Money market
• Derivatives
• Syndicated loans
• Collateral management
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Service
Consulting services
SWIFT integration - Customer challenges
Data
Formats
Business
Processes
SWIFTNet
Business
Applications
Message
flows
Technical
Adapters
SWIFT
interface
Where do I find the knowledge to do this?
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Service
Dubai Technical Consultancy Hub
• Success story in MENA, many consultancy projects
delivered in 2010 -2011
• Centre of Technical expertise
• Go Local
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Service
SWIFT Training – anywhere, any time
Web class
On-site training
SWIFT eTraining
Classroom courses
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Service
Using SWIFT Certification Programme
Formal certificate upon
successful completion
of an exam
Knowledge test on
SWIFT topics
SWIFT for Corporates Specialist
Alliance Operator
Alliance Administrator
Security Officer
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Standards
Connectivity
Service
Solutions
Applications
Messaging
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Solutions
Watch Portfolio - Analysers
Online insights into your business
• On-demand analysis of data via SWIFT.com
• Monthly data updates including customer data and SWIFT totals
Traffic Analyser – including your market share and all
correspondents
Value Analyser – providing insights into amount
& currency information
Message Cost Analyser – helping you with cost
allocation, savings & forecasting
Billing Analyser – defining your total cost of ownership
in SWIFT
Market Analyser – providing insights into market trends
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Solutions
“SWIFT for Corporates”
Multiple bank channels
Standardised gateway
Corporate
Corporate
VAN
Accounts
payable
Accounts
payable
host to host X
Accounts
receivable
Treasury
Accounts
receivable
Leased line
e-banking Y
Treasury
Internet
Other
SWIFTNet
Other
Single
gateway
e-banking Z
– High cost
– Low security
– Manual input
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Global visibility on cash
Lower cost
Increased control and security
Reduced risk
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Solutions
The 3SKey solution
(1a+b)
Corporate user obtains an inactive token
from a bank
(2)
User activates the token on 3SKey portal
(3) (4)
(5)(6)
Token associated (registered) with
several banks
1a
CRL
check
Token used to sign messages – bank
verifies signature and revocation status
2
Operates PKI and portal,
issues certificates
John = 45678
John = 45678
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1a
3
4
6
Distributes token, associates
user, verifies signatures
Activates token, associates
with bank, signs
SWIFT Essentials 2012
John
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Sibos
29 Oct. to 2 Nov. 2012,
Osaka
16 to 20 September,
2013, Dubai
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Shoukran
Q&A
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