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SWIFT Essentials

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  1. SWIFT Essentials Alex Bagin, Senior AccountDirector, Mena

  2. 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

  3. Global and regional networking Security, Standards, Liability, Resilience, Availability, Reach SWIFT Essentials 2012

  4. SWIFT FIN message availability 99,997% 210Countries 10,060live users - Latest peak day:19,992,265 messages on 1 December 2011 SWIFT Essentials 2012

  5. 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.

  6. Traffic Distribution Feb 2012 SWIFT Essentials 2012

  7. SWIFT Lowering the costs -50% 2006-2010 -20% 2011 SWIFT2011 in review 15% rebate 2012 SWIFT Essentials 2012

  8. 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

  9. 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

  10. Applications Standards Solutions Service Connectivity Messaging SWIFT Essentials 2012

  11. 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

  12. Applications Standards Solutions Service Connectivity Messaging SWIFT Essentials 2012

  13. 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

  14. Applications Standards Solutions Service Connectivity Messaging SWIFT Essentials 2012

  15. Messaging SWIFT Essentials 2012

  16. Applications Standards Solutions Service Connectivity Messaging SWIFT Essentials 2012

  17. Service Support • Standard • Standard Plus • Premium • Premium Plus • Premium Custom SWIFT Essentials 2012

  18. 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

  19. 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

  20. 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

  21. Service SWIFT Training – anywhere, any time Web class SWIFT eTraining On-site training Classroom courses SWIFT Essentials 2012

  22. 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

  23. Applications Standards Solutions Service Connectivity Messaging SWIFT Essentials 2012

  24. 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

  25. 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

  26. 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

  27. Sibos 29 Oct. to 2 Nov. 2012, Osaka 16 to 20 September, 2013, Dubai SWIFT Essentials 2012

  28. Shoukran Q & A SWIFT Essentials 2012