0507104632 SWIFT SWIFT by niusheng11

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									SWIFT in the payments area
– past, presence and future

Stephan Kraft, Senior Account Director, SWIFT

Sofia, 29/04/2009
      The SWIFT evolution

                                        banks
                                     found SWIFT            - broker/dealers
                                                            - central depositories
                          corporates     1973               & clearing institutions
             securities market                              - exchanges
             data providers
                                                                     travellers cheque
                                                                     issuers
  fund administrators
                                                                       money brokers
         MA-CUGs                                                        - registrars & transfer
                                                                        agents
                                      2000                              - custody providers
    securities MIs                                                      - trust or fiduciary
                                                                        services companies
- treasury counterparties
- treasury ETC service                                               investment
providers                                                            managers
      - payments MIs
      - proxy voting agencies                                  trading
      - non-shareholding                                       institutions
      financial institutions
                                             treasury securities
      Corp_present_20070207_v32.ppt          ETC service providers
What is SWIFT?




      A                 A
co-operative      provider of          The
organisation     highly secure      financial
 serving the        financial    standardisation
  financial       messaging           body
  industry          services




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                   •   3.5 billion messages/year
                   •   8 896 customers
Country Coverage   •   209 countries
                   •   Latest Peak day:
                       17.8 million messages




                                                   4
SWIFT in figures
SWIFTNet FIN traffic (Feb 2009 YTD)




                                      5
SWIFTNet FIN
Messages by market – January 2009
Sub heading if required




                                    6
   SWIFTNet messaging services offering



              Store & Forward messaging
FIN:          (e.g. MT103, MT940)

              Real-time or S&F file transfer for
FileAct:      structured or free format files


              Real-time or S&F messaging for
InterAct:     query / response and transaction input


Browse:       Online information visualisation
                                                       7
SWIFT offering for Low-value Payments




Participants                          Direct Participants            Indirect Participants




               Low-value payment MI



                                                  Central bank
                      ACH                    High-value payment MI


                                                                                    8
Typical corporate-to-bank messaging


               Corporate
                                              VAN
  Accounts
  payable                  host to host X
                                            leased line
   Accounts
  receivable
                           e-banking Y
  Treasury
                                            Internet
    Other                  e-banking Z

                                              PSTN

                           “fax-banking”


                                                          9
     SWIFT: A secure, standardised global single
     window to the financial industry

             CORPHRFF
Accounts
payable
              Middleware



 Accounts
receivable
                               SWIFTNet
Treasury


  Other




                                                   10
Corporates on SWIFT
Where do we stand today?

# registered corporate entities               Geographical split



                             402                 Asia Pacific


                                                       11%
                     282           Americas
                                                 20%
              181
                                                                69%
      108
55
                                                                      EMEA



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Exceptions & Investigations

                                   Missing
 Modify/Cancel;                information on
Beneficiary claims               Beneficiary           Cannot apply
   non receipt                                           payment



      Payment            Payment                    Reconciliation
                                       Settlement
      initiation      Processing


                     Exceptions & Investigations




                                                                      12
  What is Cash Reporting?

 What’s
  my
position?                                   Get account / transaction
                                                                                                 Query
            Click!                                                                               mode
                                          Return account / transaction
                          Account owner                                  Account servicing
                                                                            institution

                                                                                             Auto-report
                                   Return account / transaction                                    mode
                      Service user     B2C account report                Service provider


    Standards                             Set of industry validated standards offering granular data

    Rules                                 Community-based rulebook to encourage market practice

    SWIFTNet                              InterAct store-and-forward

    Vendors                               Cooperation with vendors to enable end-to-end STP

  SWIFT PowerPoint toolkit - July 2008                                                                     13
      Confirmation Matching with SWIFTNet Accord

                                     Deal

                              Confirmations:
                           (MT300,305,306,320,
                               330,340,341,
                             360,361,362, 392,
                            FpML for IRS, CDS)

                                                     Accord
 Accord
subscribers                     SWIFT             subscriber or
                                                 non- subscriber


                       Copies of
                        MT 3xx
Reporting &          confirmations
Exception handling
* Interactive, in
* Real-Time




                       Accord Central Server
SWIFTNet Accord – Seen from inside the bank

Long Term Archive                      Back Office Integration
(10 years) on line                     using API




                                       Exception Handling
         Accord                        using Graphical Interface
         Central
         Server Accord
                                SIPN
                 Central
                 Server




Confirmations + Matching               Archive Acces (e.g.auditor)
results, operator actions,             Browser based
history, audit trail…for live
trades.
SWIFT’s offering for SEPA

                     • ISO 20022 for Credit Transfer
    Standards
                       and Direct Debit

                     • SWIFTNet FileAct
    Messaging
                     • FA Header Enhancement

Efficiency support   • FileAct Header Copy

                     • SEPA Directories: Adherence,
  Reference Data      IBAN/BIC, Routing

                     • SEPA Testing Programme
 Testing Services
                     • Testing Tools
                                                       16
Your Contact
                   Stephan Kraft
                   Senior Account Director
                   Central & Eastern Europe
                   SWIFT
                   Fischhof 3/6
                   A-1010 Vienna
                   Austria

               T   +43 1 740 40 2374
               F   +43 1 740 40 2379
               M   +43 664 636 2090
               E   stephan.kraft@swift.com
               W   swift.com



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