Swift essentials
This presentation is the property of its rightful owner.
Sponsored Links
1 / 28

SWIFT Essentials PowerPoint PPT Presentation


  • 116 Views
  • Uploaded on
  • Presentation posted in: General

SWIFT Essentials. Alex Bagin , Senior Account Director , Mena. The products and services you will be able to explore during this conference. Accord Matching Workers’ Remittances Business Intelligence Corporate Access 3SKey Sanctions Lite 2 SWIFTRef data Support packages

Download Presentation

SWIFT Essentials

An Image/Link below is provided (as is) to download presentation

Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author.While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server.


- - - - - - - - - - - - - - - - - - - - - - - - - - E N D - - - - - - - - - - - - - - - - - - - - - - - - - -

Presentation Transcript


Swift essentials

SWIFT Essentials

Alex Bagin, Senior AccountDirector, Mena


Swift essentials

  • The products and services youwillbe able to explore duringthisconference

  • 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

SWIFT Essentials 2012


Global and regional networking

Global and regional networking

Security, Standards,

Liability, Resilience,

Availability, Reach

SWIFT Essentials 2012


Swift essentials

SWIFT FIN message availability 99,997%

210Countries

10,060live users

- Latest peak day:19,992,265 messages on 1 December 2011

SWIFT Essentials 2012


Key principles eligibility criteria

SWIFTCommunity

Key principles - Eligibilitycriteria

Supervised Financial Institutions

Closed User Groups / Corporates

Members

CREST Participants

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

SWIFTCommunity

Recognised Exchangesfor Securities & relatedfinancial Instruments

Financial Market Regulators

Securities Market Data Providers

Money Brokers

Securities Electronice TradeConfirmation Service Providers

Fund Administrators

Registrar & Transfer Agents

Treasury ETC Service Providers

Subsidiary Providers of custody& Nominee Services

Securities Proxy votingAgencies

Travellers Cheque Issuers

Trust or Fiduciary Services Companies

Non-Supervised Entities

active in the financial industry

Representative Offices

Non shareholding Financial Inst.


Swift essentials

Traffic Distribution Feb 2012

SWIFT Essentials 2012


Swift essentials

SWIFT Lowering the costs

-50% 2006-2010

-20% 2011

SWIFT2011 in review

15% rebate 2012

SWIFT Essentials 2012


Swift essentials

SWIFT Portfolio

Training

FIN

Corporateconnectivity

SNL

Partners

Fileact

BI

Accord

Trade services

Connect Bronze

MX

RTGS

Applications

ISO15022

Standards

ISO2022

Solutions

Service

FIN - MX

Connectivity

MY Standards

Connect Gold

Interact

Sanctions

Messaging

Consulting Services

Browse

Workersremittances

Connectsilver

3Skey

BulkPayments

SWIFT Essentials 2012


Accord for treasury single slide overview

Applications

Accord for TreasurySingle-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…

Accord

subscriber or

non- subscriber

SWIFT

Copies of

confirmations

  • Real-time reporting & exception handling

  • Integration available for variousBack-Office Systems

  • 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

SWIFT Essentials 2012


Swift essentials

Applications

Standards

Solutions

Service

Connectivity

Messaging

SWIFT Essentials 2012


Swift essentials

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.

SWIFT Essentials 2012


Swift essentials

Applications

Standards

Solutions

Service

Connectivity

Messaging

SWIFT Essentials 2012


Connectivity options adapted to your needs

VPN

VPN

Connectivity

Connectivity options, adapted to your needs

Direct connection

Global corporate (25+bn turnover)

Millions payments/year

Manage your own SWIFT connection

VPN

Network partners

Indirect connection

Very large corporate (1–25 bn turnover)

Hundred thousands payments/year

Outsource SWIFT connection

Internetor VPN

Service bureau or Member/Concentrator

Alliance Lite and Lite2

Simple solution

Alsoavailable for DR site

Web server

Internet

Work flow

SWIFTAlliance

SWIFT


Swift essentials

Applications

Standards

Solutions

Service

Connectivity

Messaging

SWIFT Essentials 2012


Swift essentials

Messaging

SWIFT Essentials 2012


Swift essentials

Applications

Standards

Solutions

Service

Connectivity

Messaging

SWIFT Essentials 2012


Swift essentials

Service

Support

  • Standard

  • Standard Plus

  • Premium

  • Premium Plus

  • Premium Custom

SWIFT Essentials 2012


Consultancy service domains we cover

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

  • MT to MX migration

  • Competitive Analysis

  • Adoption of ISO standards

  • SWIFT Organizational Alignment

  • Market practice

  • Infrastructure

  • Capacity

  • Resilience

  • XML and web services support

  • Proprietary connectivity displacement

  • Middleware layer

  • Hubbing

  • Treasury

  • Foreign exchange

  • Money market

  • Derivatives

  • Syndicated loans

  • Collateral management

SWIFT Essentials 2012


Swift integration customer challenges

SWIFTNet

Technical

Adapters

SWIFT integration - Customer challenges

Service

Consulting services

Data

Formats

Business

Processes

Message

flows

SWIFT

interface

Business

Applications

Where do I find the knowledge to do this?

SWIFT Essentials 2012


Dubai technical consultancy hub

Service

Dubai Technical Consultancy Hub

  • Success story in MENA, many consultancy projects delivered in 2010 -2011

  • Centre of Technical expertise

  • Go Local

SWIFT Essentials 2012


Swift training anywhere any time

Service

SWIFT Training – anywhere, any time

Web class

SWIFT eTraining

On-site training

Classroom courses

SWIFT Essentials 2012


Using swift certification programme

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

SWIFT Essentials 2012


Swift essentials

Applications

Standards

Solutions

Service

Connectivity

Messaging

SWIFT Essentials 2012


Watch portfolio analysers online insights into your business

Solutions

Watch Portfolio -AnalysersOnline 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

SWIFT Essentials 2012


Swift for corporates

VAN

Corporate

Accounts

payable

Accounts

payable

Accounts

receivable

Accounts

receivable

Treasury

Treasury

Other

Other

Single gateway

Internet

SWIFTNet

Solutions

“SWIFT for Corporates”

Multiple bank channels

Standardised gateway

Corporate

host to host X

Leased line

e-banking Y

e-banking Z

  • High cost

  • Low security

  • Manual input

  • Global visibility on cash

  • Lower cost

  • Increased control and security

  • Reduced risk

SWIFT Essentials 2012


The 3skey solution

Solutions

The 3SKey solution

Corporate user obtains an inactive token from a bank

(1a+b)

(2)

User activates the token on 3SKey portal

(3) (4)

  • Token associated (registered) with several banks

1a

CRLcheck

  • Token used to sign messages – bank verifies signature and revocation status

(5)(6)

2

John = 45678

John = 45678

5

Operates PKI and portal, issues certificates

1a

4

3

6

Distributes token, associates user, verifies signatures

Activates token, associates with bank, signs

John

SWIFT Essentials 2012


Swift essentials

Sibos

29 Oct. to 2 Nov. 2012, Osaka

16 to 20 September, 2013, Dubai

SWIFT Essentials 2012


Swift essentials

Shoukran

Q & A

SWIFT Essentials 2012


  • Login