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SWIFT & Russia: Results of 2005 and focus for 2006

ROSSwift Annual General Meeting – Moscow – 20 April 2006. SWIFT & Russia: Results of 2005 and focus for 2006. Steven Palstermans Regional Manager for Russia & CIS. Results 2005 – some statistics. Users: up 36 to reach 448 Total traffic sent: 17,810,861 msgs Growth of 16.05 %

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SWIFT & Russia: Results of 2005 and focus for 2006

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  1. ROSSwift Annual General Meeting – Moscow – 20 April 2006 SWIFT & Russia:Results of 2005 and focus for 2006 Steven Palstermans Regional Manager for Russia & CIS SWIFT_Russia_2005_2006_v1

  2. Results 2005 – some statistics • Users: up 36 to reach 448 • Total traffic sent: • 17,810,861 msgs • Growth of 16.05 % • Domestic traffic: 52.51 % of total sent traffic SWIFT_Russia_2005_2006_v1

  3. Payments 15% Payments 15% CIS Treasury 9% Treasury 9% Trade 12% Trade 9% Securities 57% Securities 58% Total 15% Total 16% Russia Results 2005 - SWIFT messages by market % Breakdown (Dec05ytd) Growth (Dec05ytd) SWIFT_Russia_2005_2006_v1

  4. Results 2005 - General • SAS-waiver programme • Over 90 % of users signed up • Move to e-ordering: special procedure for paper confirmation was worked out • USE-ordering: special order approval procedure was worked out • SIBOS Copenhagen: > 100 delegates from Russia & CIS • CIS-day: not as successful as previous years, formula to be revisited SWIFT_Russia_2005_2006_v1

  5. Results 2005 - Banking • Continued promotion of SWIFTNetSolutions • Roadshow in June concentrating on Bulk Payments, Cash Reporting, Exceptions and Investigations and SWIFTNet Accord • As a result two banks registered to SWIFTNet FileAct, but so far without any real traffic • Corporate Access: • Participated at several seminars • Continuing discussion with several corporates • Received approval from Central Bank of Russia on the use of SWIFT messages for Corporate to Bank communication SWIFT_Russia_2005_2006_v1

  6. Results 2005 - Securities • Participated at several conferences • Close cooperation with NDC and DKK with regard to the establishment of the Central Securities Depository • Big traffic increase of DKK thanks to their decision of cancelling the extra fee for handling SWIFT messages • Continued cooperation with the Securities Industry Bodies: PARTAD, NAUFOR, … SWIFT_Russia_2005_2006_v1

  7. Results 2005 – Market Infrastructures and Standards • Continued cooperation with Central Bank of Russia regarding RTGS • Discussion with FSFR regarding the use of International Standards and practices on the Russian Financial Markets • Continued cooperation with NDC and DKK for the establishment of CSD • Organised a Standards Day in October • Discussions with several industry bodies regarding the use of international standards SWIFT_Russia_2005_2006_v1

  8. Focus 2006 – some statistics • Users: At the end of Q1: 459 • Total traffic sent: • Almost 5 million msgs • Growth of 23.63 % • Domestic traffic: 52.97 % of total sent traffic SWIFT_Russia_2005_2006_v1

  9. Payments 19% Payments 19% CIS Treasury 23% Treasury 19% Trade 15% Trade 7% Securities 102% Securities 104% Total 22% Total 24% Russia SWIFT messages by market % Breakdown (1q06) Growth (1q06) SWIFT_Russia_2005_2006_v1

  10. Focus 2006 – General (1/3) • Implement BRICA+ strategy • Hire, train and prepare extra resources for Russia & CIS • 1 person to be liaison at HQ • 2 persons as Account Manager • Continue to extend cooperation with ROSSWIFT and Alliance Factors SWIFT_Russia_2005_2006_v1

  11. Focus 2006 – General (2/3) • Register ALL users to Direct Debit • Implementation of SAS – waiver programme: use of the vouchers • Installation by SWIFT certified Service Partner • Selected SWIFT Training SWIFT_Russia_2005_2006_v1

  12. Focus 2006 – General (3/3) • Preparation for SWIFTNet Phase 2 migration • Roadshows – MANDATORY • 21 April: Regional banks • 30 May: Remaining Moscow banks • Alliance Factors: Certified Service Partner • Finalise special centralised order and importation procedure for encryption equipment SWIFT_Russia_2005_2006_v1

  13. Focus 2006 - Banking • Continued promotion of SWIFTNetSolutions • Roadshow in September concentrating on Bulk Payments, Cash Reporting, Exceptions and Investigations • One-to-one meetings with top 20 banks to come to concrete implementations • Corporate Access: • Promote new MACUG approach • New users: • Attract new users via the Member Concentrator model • Attract new users via Service Bureaus and new low-cost connectivity interface packages SWIFT_Russia_2005_2006_v1

  14. Focus 2006 - Securities • Continue the close cooperation with NDC and DKK with regard to the establishment of the Central Securities Depository • Continued cooperation with the Securities Industry Bodies: PARTAD, NAUFOR, … • Actively approach the biggest Securities players to join SWIFT SWIFT_Russia_2005_2006_v1

  15. Focus 2006 – Market Infrastructures and Standards • Continued cooperation with Central Bank of Russia regarding RTGS • Signing and implementation of MoU with FSFR regarding the use of International Standards and practices on the Russian Financial Markets • Continued cooperation with NDC and DKK for the establishment of CSD • Continue the discussions with several industry bodies regarding the use of international standards SWIFT_Russia_2005_2006_v1

  16. Sibos 2006 Sydney, 9 – 13 October 2006 Raising Ambitions CIS – Day Première: Russian exhibitor: SBERBANK Registration open – www.swift.com SWIFT_Russia_2005_2006_v1

  17. Regional Conference Russia & CIS - 2007 • Planned for March - April – May 2007 • Moscow or St. Petersburg or ??? • In cooperation with European SWIFTAlliance, ROSSWIFT and Alliance Factors • Focus on most important issues of the financial industry of the region SWIFT_Russia_2005_2006_v1

  18. ROSSwift Annual General Meeting – Moscow – 20 April 2006 SWIFT & Russia:Results of 2005 and focus for 2006 Steven Palstermans Regional Manager for Russia & CIS SWIFT_Russia_2005_2006_v1

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