SWIFT supporting the corporate market
|
|
- Conrad Butler
- 8 years ago
- Views:
Transcription
1 SWIFT supporting the corporate market Elie Lasker SWIFT Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February Slide 1
2 Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 2 Agenda What is SWIFT SWIFTNet - main features SWIFT as a standardisation body SWIFTNet in the corporate context
3 Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 3 Agenda What is SWIFT SWIFTNet - main features SWIFT as a standardisation body SWIFTNet in the corporate context
4 Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 4 What is SWIFT A co-operative organisation serving the financial industry A provider of highly secure financial messaging services The financial standardisation body
5 Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 5 SWIFT - connecting the financial community Corporates Broker-dealers Investment managers Banks Insurance companies Government institutions Settlement systems Stock Exchanges Depositories Trustees Payment systems Clearing systems
6 Business dimensions Heritage Established in 1973 by 239 banks in 15 countries Developed shared messaging platform for financial transactions Emphasis on security, reliability and availability Understanding Serving 7,500+ financial institutions across 200 countries Payments, Securities, Foreign Exchange, Treasury and Trade Reducing costs, improving automation, managing risk Neutrality Industry-owned community Overseen by regulatory authorities Impartial to the data transacted across the messaging platform Technology Store and forward, file transfer, interactive query & response Open standards Multi-vendor IP VPN Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 6
7 Extending our reach Countries Users Messages (millions) % % , % ,007 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 03 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 04 '92 '93 '94 '95 '96 '97 '98 '99 '00 '01 03 Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 7
8 Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 8 SWIFT today 7,527users 200 countries 2 billion messages/year 7 trillion USD/day Peak day 9,685,754 messages February 2004
9 Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 9 Agenda What is SWIFT SWIFTNet - main features SWIFT as a standardisation body SWIFTNet in the corporate context
10 Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 10 SWIFTNet - main features SWIFTNet messaging product offering FIN FileAct InterAct Standard store-and-forward messaging for single instructions Real-time file transfer for bulk payments files and reporting Real-time messaging for query / response and transaction input Browse Online information visualisation
11 Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 11 SWIFTNet - main features Highest levels of availability and resiliency Multiple network providers production Network provider 1 Network provider 3 Multiple operating centres backup Network provider 2 Network provider 4 24/7/365 worldwide support % service availability Downtimes can damage reputation
12 The Security Layers of SWIFTNet Protects transactions against repudiation and internal attacks User/ Application User/Application Layer Protects data against insertion and modification User/ Application Messaging Layer Messaging Layer VPN IP Tunnel Protects against attacks on the IP equipment VPN IP Tunnel Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 12 VPN
13 SWIFTNet - main features Guaranteed delivery mechanism Sender 1 MT101 3 MT101 Receiver ACK 2 Delivery Notif. 5 ACK 4 ACK = commitment to deliver Optional SWIFT is financially liable for non-delivered messages Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 13
14 SWIFTNet - main features Third-party non repudiation Sender Receiver Non-repudiation database Any dispute on content or time between sender and receiver can be quickly resolved Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 14
15 A comprehensive messaging infrastructure Location and configuration independence Switchover is transparent for the other participants Disaster site Production site Location and configuration independence caters for shorter downtimes and fast set-up times Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 15
16 Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 16 Agenda What is SWIFT SWIFTNet - main features SWIFT as a standardisation body SWIFTNet in the corporate context
17 SWIFT - as a standardization Convergence and interoperability ISO XML UN/CEFACT ebxml et TBG 5 Other Bodies Tools, support and facilitation Adoption and implementation SWIFT Standards Standards development and market practices Examples: customer to bank cash management Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 17
18 Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 18 SWIFT - Standards organisation Registration authority for BIC Existing FIN standards Examples: MT 101, MT 940, MT 300 Standards XML ISO methodology Modelling, data dictionary, repository Current projects: customer to bank cash management
19 Simple payment process based on a unique remittance ID B2B standards for Order, Invoice, and Remittance Advice with URI Buyer Seller SWIFT Payment Initiation XML with URI SWIFT Debit Advice XML SWIFT Credit Advice XML with URI Buyer s Bank Inter-bank clearing & settlement with URI URI: Unique Remittance ID Seller s Bank Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 19
20 Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 20 Project timeline 1Q Q 3Q 4Q 2004 RosettaNet Payment program formation Corporate - bank - vendor face-to-face meeting, agreement on requirements Production Wider adoption Wider financial industry Reach out to additional industries Implementation Pilot BANKS: BOFA, CHAS,CITI CORP: INTEL, NOKIA, NSC, TI
21 Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 21 Agenda What is SWIFT The SWIFTNet infrastructure - main features SWIFTNet in the corporate context Case study
22 Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 22 The challenge for a multi-banked large/medium corporate (1/2) Corporate client Account payables Account receivables host to host X e-banking Y VAN leased line Treasury Other e-banking Z internet pstn fax-banking
23 The challenge for a multi-banked large/ medium corporate (2/2) Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 23 Issues Multiple heterogeneous systems, links, and standards Poor integration Low STP rate Impacts Non-optimised liquidity! High exposure to operational risk! High operational costs How can banks help?
24 Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 24 Banks can help by offering access over a secure standardised channel Corporate client Account payables Account receivables SWIFTNet Treasury SWIFTNet interface Other One platform Lower costs Full STP Reduced risk Highest level of security and resiliency Improved liquidity management
25 Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 25 Service participant in a member administered closed user group Corporate SWIFT user SWIFT user A many-to-one model where no direct corporate-to-corporate communications are allowed Corporate SWIFT member Market infrastructure SWIFT user MA-CUGs support multibanking: corporates can join multiple CUGS Service Corporate participant SWIFT SWIFT user Member SWIFT user SWIFT only provides the messaging, not the application.
26 Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 26 Member Administered CUGs Roles and responsibilities SWIFT Financial Institution Corporate Client Setting up the CUG Operating the CUG Standard FIN and SWIFTNet liability Defining the service Ensuring eligibility criteria are met Subscribing new users Joining SWIFT and the CUG Operating the connection to SWIFT!
27 List of MA-CUGs Publicly known banks ABN AMRO Bank N.V. ABSA Bank Limited American Express Bank Ltd BANK FOR FOREIGN TRADE CM-CIC Barclays Bank plc Bayerische Hypo- und Vereinsbank BNP Paribas CDC IXIS Citibank NA Clearstream Banking SA Crédit Agricole Crédit Lyonnais Credit Suisse, Zürich Deutsche Bank AG Deutsche Bank Trust Co. Americas Deutsche Postbank AG First Rand Bank First Union National Bank Fleet National Bank Fortis Bank N.V. HSBC Bank plc ING Belgium NV/SA JPMorgan Chase Bank KAS Bank N.V. KBC Bank N.V. Nedcor Bank Limited Raiffeisen Zentralbank Österreich AG Santander Central Hispano Investment Societe Generale Standard Bank of South Africa Standard Chartered Bank The Bank of New York The Bank of Tokyo-Mitsubishi, Ltd. UFJ Bank Limited Westdeutsche Landesbank Publicly known corporates Arcelor Eskom Lukoil Mastercard Shell Transnet Travelex ABP Johnson Johnson Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 27
28 Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 28 Areas where SWIFT adds value: examples Cash Management Treasury transactions Commercial payments and collection
29 Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 29 Areas where SWIFT adds value: examples Cash Management Treasury transactions Commercial payments
30 Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 30 Cash Management Use a single standards with all counter-parties Request for Transfer (MT101) Notice to receive (MT210) Credit/debit advice (MT900/910) Intra-day Statement (MT942) End of day Statement (MT940) A complete set of standard messages that allow end to end automation
31 Cash Management Monitor your global position intra-day SWIFT Streamlined flow End to end automation Pushed delivery Intra-day balance and movements Improved liquidity management Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 31
32 Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 32 Areas where SWIFT adds value: examples Cash Management Treasury operations Commercial payments
33 Treasury Counterparty MT3XX MT3XX MT3XX MT3XX MT3XX MT3XX MT3XX MT3XX Corporate MT3XX A treasury counterparty can exchange confirmations with all other SWIFT members Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 33
34 Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 34 Treasury operations A complete set of standards Spots, Forwards, Swaps (MT300) FX Options (MT305) Fixed loan/deposit (MT320) Forward Rate Agreements (MT340) Single/Cross currency IRS (MT360)
35 Treasury operations Automated matching with SWIFTNet Accord SWIFT Accord subscriber! Real-time interactive Reporting and Exception handling Copies of confirmations Accord Real-time Confirmation Matching Accord subscriber or non- subscriber SWIFTNet Accord further reduces costs and operational risk Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 35
36 Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 36 Business areas where SWIFT adds value: examples Cash Management Treasury transactions Commercial payments
37 Commercial payments and collections Rationalise your infrastructure and processes ETEBAC FR Payment files CODA BE SWIFT ZENGIN JP BAI US Centralise processing and transmission of commercial payments Journée SWIFTNet pour les entreprises - Reuters Utsit, Paris, 12th February 37
38 & uestions Answers Slide 38
ING Service for SWIFTNet. 1A single gateway for your financial information!
ING Service for SWIFTNet 1A single gateway for your financial information! ING Service for SWIFTNet ING Service for SWIFTNet offers you the possibility to send and receive financial information anywhere
More informationBenefits and costs: Business Case Toolkit
and costs: Business Case Toolkit Slide Universwiftnet_Brussels_v1.ppt 1 Methodology Test against 4 French cases Analyse Arcelor and GE cases + 20 users Step 1: Choose your profile Company Step profile
More informationISDA International Swaps and Derivatives Association, Inc.
STANDARD SETTLEMENT INSTRUCTIONS REPOSITORY Best Practice Requirements August 2010 Table of Contents 1 REVISION HISTORY... 2 2 PROBLEM STATEMENT... 3 3 DOCUMENT PURPOSE... 3 4 SCOPE... 3 5 STANDARD SETTLEMENT
More informationSWIFT for Corporates SPIN 2009. Barbara Sacchi. 15 th June 2009
SWIFT for Corporates SPIN 2009 Barbara Sacchi 15 th June 2009 Business needs Cash visibility has become critical Where is my cash? Can I move my cash? Can I reach all my banks? MT 940 MT 101 Multi-bank
More informationSWIFT Certified Application for Corporates - Trade and Supply Chain Finance
Service Partner Programme SWIFT Certified Application for Corporates - Trade and Supply Chain Finance Label Criteria 2016 This document explains the business criteria required to obtain the SWIFT Certified
More informationSWIFTReady for Corporates Cash Management
Service Partners SWIFTReady for Corporates Cash Management Label Criteria 2012 This document explains the business criteria needed to obtain the SWIFTReady for Corporates Cash Management label, aimed at
More informationIntroducing Alliance Lite2. The easiest way to use SWIFT
Introducing Alliance Lite2 The easiest way to use SWIFT SWIFT Is a cooperative founded by and for the financial industry Provides platform, products and services that enable customers to exchange financial
More informationIts context and value in volatile markets. Lynn Mathews CLS Services
CLS: Its context and value in volatile markets Lynn Mathews CLS Services www.cls-group.com CLS and the CLS Logo are registered trademarks of CLS UK Intermediate Holdings Ltd 2008 CLS UK Intermediate Holdings
More informationTrade Finance & Liquidity Management. - 5 May 2010 -
Trade Finance & Liquidity Management - 5 May 2010 - Agenda Trade Finance Concepts & Trends SWIFT Trade Finance Offering BIS Solutions in the Trade Space Managing Liquidity BIS Solutions on Liquidity Mgt.
More informationOffshore CNY Guidelines. for. SWIFT MT and ISO 15022 Messages
Offshore CNY Guidelines for SWIFT MT and ISO 15022 Messages Offshore CNY guidelines v 3.0 August 2014 Page 1 August 2014 Version 3 Legal Notices Disclaimer The information in this publication may change
More informationShift from Letters of Credit to Open Account using Electronic Supply Chain Management Tools
Shift from Letters of Credit to Open Account using Electronic Supply Chain Management Tools Christopher A. Conn Senior Business Manager Trade & Supply Chain Management Americas Banking Initiatives SWIFT
More informationPayment Factories: different ways of achieving payment efficiency. Jonathan Jordan EMEA Payments Market Manager, Citi Transaction Services
Payment Factories: different ways of achieving payment efficiency Jonathan Jordan EMEA Payments Market Manager, Citi Transaction Services The term Payment Factory is becoming increasingly talked about
More informationENTERPRISE PAYMENTS SOLUTIONS
ENTERPRISE PAYMENTS SOLUTIONS OFFERINGS Enterprise payments transformation services Messaging infrastructure consolidation Functional and technology solution design Liquidity management optimization Development,
More informationSWIFT for central securities depositories. One solution for all a CSD s communications
SWIFT for central securities depositories One solution for all a CSD s communications Enabling CSDs to compete in a global marketplace SWIFT for central securities depositories Streamlining communication
More informationSWIFT for corporates. Client or event. Speaker. Date Month Year
SWIFT for corporates Client or event Speaker Date Month Year Agenda Your challenge our solution SWIFT for corporates New Services Business case Case studies Your SWIFT project More info? Presentation title
More informationHow To Sell Yellow Corn Grade Human Harvest
DECEMBER th 2014. (This document loses its validity on DECEMBER, 2014). COMMODITY YELLOW CORN GRADE # 2 SPECIFICATIONS: YELLOW CORN GRADE 2 HUMAN FEED TEST: weight min 70 kgs per hl FOREIGN MATTER: 3,00%
More informationDECEMBER th 2014 (This document loses its validity on DECEMBER, 2014). COMMODITY GMO SOYA BEANS GRADE # 2
DECEMBER th 2014 (This document loses its validity on DECEMBER, 2014). COMMODITY GMO SOYA BEANS GRADE # 2 SPECIFICATIONS: GMO SOYA BEANS GRADE # 2 SOYA BEAN GRADE 2 GMO: suitable for human consumption
More informationSWIFT e-invoicing consultation
SWIFT e-invoicing consultation October 2008 Legal Notices Copyright SWIFT 2008. All rights reserved. You may copy this publication within your organisation. Any such copy must include these legal notices.
More informationMeteor Asset Management
Meteor Asset Management Counterparty Credit Default Swap Rates 27 th January 2012 This information is for professional investors only and should not be presented to, or relied upon by, private investors.
More informationWebinar. Axletree Solutions Greenwich Treasury Advisors. February 24, 2009
SWIFT for Corporates Webinar Axletree Solutions Greenwich Treasury Advisors February 24, 2009 Welcome Uncover solutions to better manage liquidity in today s volatile economic climate Speaker: Jeff Wallace,
More informationBUSINESS JUSTIFICATION
RMG N021 rev21 E-INVOICE BUSINESS JUSTIFICATION FOR THE UPDATE OF THE UNIFI (ISO 20022) FINANCIAL REPOSITORY Name of the request: E-Invoice. Submitting organization: UN/CEFACT TBG5 The International Trade
More informationCapturing an Elusive Market
Capturing an Elusive Market The World of Global Remittances Payments 2010 April 28, 2010 Meet the speakers Ernest Gregg, Treasurer, Ria Financial Wendy Miller, Global Payments Manager, BNY Mellon Steve
More informationBPCE, France SWIFT infrastructure rationalisation
BPCE, France SWIFT infrastructure rationalisation I was very pleased with the results from the assignment conducted by SWIFT Consulting Services. SWIFT has provided BPCE with clear and tangible recommendations.
More information0 1 / 14. Clearstream Global Liquidity Hub Newsletter. A single master contract for multiple triparty repo counterparties
Clearstream Global Liquidity Hub Newsletter 0 1 / 14 A single master contract for multiple triparty repo counterparties In June 2013, Clearstream developed a new legal master agreement for triparty repo
More informationDECEMBER TH 2014 (This document loses its validity on DECEMBER, 2014). SUGAR IC 45 BRAZIL
DECEMBER TH 2014 (This document loses its validity on DECEMBER, 2014). SUGAR IC 45 BRAZIL SPECIFICATION: WHITE REFINED SUGAR Icumsa 45 for human consumption shall conform to international specifications
More informationBUSINESS JUSTIFICATION
BUSINESS JUSTIFICATION FOR THE DEVELOPMENT OF NEW ISO 20022 FINANCIAL REPOSITORY ITEMS A. Name of the request: Extended Remittance Advice Messages B. Submitting organisation(s): These messages are submitted
More informationCiti s Capability for SWIFT MT798
Citi s Capability for SWIFT MT798 Frequently Asked Questions Transaction Treasury and Services Trade Solutions 2 Treasury and Trade Solutions What is the MT798? SWIFT s Trade for Corporates, the MT798,
More informationSolution Summary: Payments centralisation
Solution Summary: Payments centralisation Companies of all sizes, across a wide range of industries, profiles and geographies are increasingly seeking to centralise business support functions such as finance,
More informationMulti-Banking: from the concept to a next reality
Multi-Banking: from the concept to a next reality Current Situation in Liquidity Management for many multinationals and their subs A. Diversity of bank processes Different ebanking systems Different security
More informationPAYMENT FACTORY AND IN-HOUSE BANK
Wallstreet Suite Comprehensive, cross-asset investment and debt management solutions for financial institutions www.wallstreetsystems.com FACT SHEET: PAYMENT FACTORY AND IN-HOUSE BANK Wallstreet Suite
More informationThe successful introduction of a payment factory
Global Transaction Banking The successful introduction of a payment factory Implementing integration solutions based on best-practice components The purpose of this white paper The white papers published
More informationTreasury Technology: First Steps
Treasury Technology: First Steps May 19, 2011 PRESENTED BY: Steve Wiley, Manager Phil Capodice, Consultant 2011 Treasury Strategies, Inc. All rights reserved. Agenda Treasury Technology: Current Environment
More informationUser and shareholder eligibility criteria
User and shareholder eligibility criteria 1. User Eligibility Criteria Group 1: Supervised Financial Institution (SUPE) A Supervised Financial Institution is: 1. an entity that engages in payment, securities,
More informationThe new BPO payment term
The new BPO payment term Extending Supply Chain Finance to the PO level André Casterman Head of Corporate and Supply Chain Markets, SWIFT Member of the ing Executive Committee, ICC Co-Chair Obligation
More informationFrequently Asked Questions about Euribor
10 rue Montoyer B- 1000 Brussels T. +32 (0)2508 37 11 F. +32 (0)2 511 23 28 info@euribor-ebf.eu -www.euribor-ebf.eu Frequently Asked Questions about Euribor What is Euribor? Euribor (Euro Interbank Offered
More informationSupply Chain Finance for Corporates
Supply Chain Finance for Corporates Managing risk, finance and processing efficiency in a multi-bank environment Webinar, 30 June 2011 Our SWIFT speakers today André Casterman Head of Cash, Trade and Supply
More informationLIBOR EXPLAINED. Understanding the LIBOR Scandal
Understanding the LIBOR Scandal LIBOR, which stands for London Interbank Offered Rate, is one of the most widely-used benchmarks or reference index rates for determining short-term interest rates globally.
More informationABN AMRO BANK N.V. DATED 16 AUGUST 2011 500,000 AEGON TURBO LONG CERTIFICATES ISSUE PRICE EUR 0.45
DATED 6 AUGUST 20 ABN AMRO BANK N.V. 500,000 AEGON TURBO LONG CERTIFICATES ISSUE PRICE.8 500,000 AEGON TURBO LONG CERTIFICATES ISSUE PRICE 0.63 500,000 AEGON TURBO LONG CERTIFICATES ISSUE PRICE 0.45 500,000
More informationSEPA Migration Checklist
SEPA Migration Checklist How far advanced is your organisation in its transition to SEPA standards? The scope of migration is surprisingly broad, with impacts likely along the entire financial supply chain.
More informationSWIFT for high-value payment market infrastructures. End-to-end solutions for payment clearing and settlement
SWIFT for high-value payment market infrastructures End-to-end solutions for payment clearing and settlement 1 Table of contents Introduction 03 03 Executive Summary 04 04 Evolving demand 05 05 SWIFT s
More informationAppendix D Fundamentals of the
Appendix D Fundamentals of the Funds Transfer Process Essentially, an electronic funds transfer is a transaction by which funds move from one institution to another or one account to another at the direction
More informationCredit Suisse Asset Management Limited UK Order Execution Policy December 2013
Credit Suisse Asset Management Limited UK Order Execution Policy December 2013 Table of Contents 1. General information about this Policy 1 2. CSAML s Core Best Execution Obligations 2 3. Placing Orders
More informationRien que pour vos flux :
Rien que pour vos flux : La payment factory et les comptes virtuels au service des transferts pour compte de From SEPA compliance to benefits COBO Payment On Behalf Of POBO SEPA benefits Central Payment
More informationOutsourced solutions for the Life Insurance Industry. New possibilities to support your business..
Business leadership at your fingertips Outsourced solutions for the Life Insurance Industry New possibilities to support your business.. BSB Convention day Brussels, 5 June 2013 Outsourcing in the life
More informationThe role of banks to support the SME s business models in the international landscape
The role of banks to support the SME s business models in the international landscape Liliana Fratini Passi ABI - Secretary General CBI Consortium Member - UN/CEFACT TBG5 Member of Expert Group on E-Invoicing
More informationFinancial Risk Management Top priorities for Corporate treasuries
www.pwc.com Financial Risk Management Top priorities for Corporate treasuries Aniket Kulkarni Michiel Mannaerts March 2014 Contents 1. Introduction 2. Financial risks in corporate treasury 3. Tools for
More informationSWIFT messaging services
Messaging SWIFT messaging services Secure, reliable and cost-effective messaging complete set of messaging services enefits Single window environment Straight-through processing Security and reliability
More informationTo be The Most Convenient and Trustworthy Bank in Japan
24,185 OUTLETS The number of JApAN post BANk outlets in Japan special Feature To be The Most Convenient and Trustworthy Bank in Japan JApAN post BANk has continued to make consistent efforts to fulfill
More informationSWIFT for Investment Managers. End-to-end solutions for asset management and funds business processes
End-to-end solutions for asset management and funds business processes Table of contents Section 1 03 09 Introduction Section 2 11 19 SWIFT s value proposition for investment managers Section 3 21 64 Business
More informationYour Partner for European Payment Processing
Your Partner for European Payment Processing A state-of-the-art platform built to support European diversity We believe that SEPA and domestic instruments will co-exist for some time, and both need to
More informationStandard Settlement Instructions
Standard Settlement Instructions Market Default SSI Global Clearer Account International CBL of SIS (83320) I.C:S.D = International Central Security Depository = default instructions This information maybe
More informationRESERVE BANK INFORMATION AND TRANSFER SYSTEM. Same-day Settlement of Low-value Payments in RITS. Industry Consultation Paper
RESERVE BANK INFORMATION AND TRANSFER SYSTEM Same-day Settlement of Low-value Payments in RITS Industry Consultation Paper May 2008 1. INTRODUCTION...2 2. ALTERNATIVES FOR SAME-DAY SETTLEMENT OF BULK LOW-VALUE
More informationConnectivity. SWIFTNet Link 7.0. Functional Overview
Connectivity SWIFTNet Link 7.0 Functional Overview December 2010 SWIFTNet Link 7.0 Table of Contents 1 Introduction... 3 2 Enhancements and features... 4 2.1 Message and File Copy... 4 2.2 Message and
More informationOur journey to a single global brand. Dr. Manfred Stuettgen, Global Head of Branding Lugano, March 11, 2011
Our journey to a single global brand Dr. Manfred Stuettgen, Global Head of Branding Lugano, March 11, 2011 Management Summary Credit Suisse provides financial solutions to private and corporate clients
More informationGlobal Consumer Money Transfer Market
A Datamonitor brief timely Global Consumer Money Transfer Market Publication Date: May-04 Product Code: Reacting to the latest news breaking in your industry focused Hundreds of hours of analyst time distilled
More informationSWIFT Response To the IOSCO Consultation on Risk Mitigation Standards for Non- Centrally Cleared OTC Derivatives
SWIFT Response To the IOSCO Consultation on Risk Mitigation Standards for Non- Centrally Cleared OTC Derivatives 16 October 2014 Foreword SWIFT thanks IOSCO for the opportunity to respond to the Consultation
More informationSWIFT Response to ESMA s consultation paper on
SWIFT Response to ESMA s consultation paper on Draft technical standards on access to data and aggregation and comparison of data across TR under Article 81 of EMIR 01 February, 2016 SWIFT thanks ESMA
More informationREGIS-TR the first European Trade Repository for Derivatives. Powered by:
the first European Trade Repository for Derivatives Powered by: Agenda 1. Introduction to the regulatory environment 2. - the services and benefits it proposes 2 Reporting obligation All standardized OTC
More informationBUSINESS JUSTIFICATION
BUSINESS JUSTIFICATION FOR THE UPDATE OF THE UNIFI (ISO 20022) FINANCIAL REPOSITORY Name of the request: Invoice Financing request Submitting organization: Associazione per il Corporate Banking Interbancario
More informationInfrastructures Short version 7. Stephane Ernst, Market Manager for HVPMIs
SWIFT for Payment Market Infrastructures Short version 7 Stephane Ernst, Market Manager for HVPMIs Sep 2010 Basic concept of RTGS Real Time Gross Settlement the continuous (real-time) settlement t of funds
More informationThe Risks of Financing Forest Conversion
The Risks of Financing Forest Conversion Jan Willem van Gelder & Eric Wakker Profundo / AIDEnvironment European Seminar on Finance, Environment and Sustainable Development Paris - 10 January 2003 Main
More informationInternational Finance Prof. A. K. Misra Department of Management Indian Institute of Technology, Kharagpur
International Finance Prof. A. K. Misra Department of Management Indian Institute of Technology, Kharagpur Lecture - 7 Features of Foreign Exchange Market Good morning, today we will discuss features of
More informationTrade Finance Solutions for Exporters and Lenders PRIVATE EXPORT FUNDING CORPORATION
Trade Finance Solutions for Exporters and Lenders PRIVATE EXPORT FUNDING CORPORATION HISTORY Incorporated on April 9, 1970, PEFCO is principally engaged in making U.S. dollar loans to foreign importers
More informationFX Trading and Technology Trends 2012
FX Trading and Technology Trends 2012 FX algorithms for trade execution are on the rise and here to stay. With the rapid growth of electronic trading and proliferation of trading platforms, multi-bank
More informationINTRODUCTION HOW DTCC S MARGIN TRANSIT WILL HELP THE INDUSTRY MANAGE A HIGHER VOLUME OF MARGIN CALLS WHO IS THE MARGIN TRANSIT SERVICE FOR?
DTCC MARGIN TRANSIT INTRODUCTION Derivatives regulations and new capital and liquidity requirements for financial institutions remain the key drivers of new collateral demands. Recent estimates based
More informationCHAPS Market Report 2015
Market Report 205 Market Report 205 0 Introduction 2 Overview 4. Key Statistics 4.2 Value Breakdowns by Market and Country 4.3 Drivers of CHAPS Use 5.4 CHAPS Forecasts 6 2 CHAPS Markets 7 2. Wholesale
More informationOverview of Message Retrieval capabilities on SWIFTNet
of Message Retrieval capabilities on SWIFTNet V1.0-27 September 2013 As of 2014, SWIFT is offering several ways to retrieve messages that were received through a store-and-forward service. This paper outlines
More informationBUSINESS JUSTIFICATION
BUSINESS JUSTIFICATION FOR THE DEVELOPMENT OF NEW UNIFI (ISO 20022) FINANCIAL REPOSITORY ITEMS A. Name of the request: Bank Account Management (BAM) B. Submitting organization(s): S.W.I.F.T. scrl Standards
More informationProducts and Services
Products and Services SOFE Steve Gilderdale Pieter Herrebout November 29 December 1 2011 Agenda Introduction Our 2015 strategy and vision Key highlights from this year Focus for the next 12 months Messaging
More informationCOUNTRY REPORT ON INFRASTRUCTURE AND FINANCE TURKEY TABLE OF CONTENT
COUNTRY REPORT ON INFRASTRUCTURE AND FINANCE TABLE OF CONTENT I. COUNTRY INFRASTRUCTURE AND POLICY DIRECTIONS... 2 1.1 IMPLEMENTATION PROCESS...2 1.2 LEGAL AND REGULATORY FRAMEWORK FOR INFRASTRUCTURE...2
More informationSWIFT Certified Application Payments
SWIFT Certified Application Payments Technical validation Guide 2014 Version 1.1 April 2014 Legal notices Copyright SWIFT 2014. All rights reserved. You may copy this publication within your organisation.
More informationT2S Direct: A Swiss solution to an international challenge April 4th, 2014. Christophe Lapaire T2S Program Director
T2S Direct: A Swiss solution to an international challenge Christophe Lapaire T2S Program Director Agenda T2S Direct: The SIX Securities Services approach T2S access models T2S account structure T2S settlement
More informationSWIFT and Payment Factory projects
SWIFT and Payment Factory projects Gary Starling, Accenture London Copyright 2009 Accenture All Rights Reserved. Accenture, its logo, and High Performance Delivered are trademarks of Accenture. Agenda
More informationCorporates. Current Account Overview of Prices and Conditions for Companies
Corporates Current Account Overview of Prices and Conditions for Companies October, 205 Business Easy Package Simple and geared towards your needs as a small business, our comprehensive banking package
More informationConfirmation matching on Accord: Extending the benefits from treasury to securities
Confirmation matching on Accord: Extending the benefits from treasury to securities Jan Dings Head of Product Delivery Broker-Dealers and Pre-settlement Services Agenda The pre-settlement value chain Standards
More informationMarket Shares by Stock Exchange Turnover
Market Shares by Stock Exchange Turnover in structured Securities Change at the top Deutsche Bank pushes down Commerzbank from its leading position with capital protection (100 %) Capital Protection Products
More informationLong-term Care Insurance: Where are the Opportunities in Europe?
A Datamonitor Brief timely Long-term Care Insurance: Where are the Opportunities in Europe? Reacting to the latest news breaking in your industry focused Publication Date: Jun-04 Product Code: primary
More informationCREDIT AGRICOLE - CREDIT LYONNAIS
CREDIT AGRICOLE - CREDIT LYONNAIS CREDIT AGRICOLE - CREDIT LYONNAIS The emergence of a major European banking group A historic vocation as a full service bank A strong ambition to develop all its businesses
More informationOne for All How Companies Can Benefit from the Standardised ISO 20022 CGI Format for Global Payments
One for All How Companies Can Benefit from the Standardised ISO 20022 CGI Format for Global Payments November 2013 by Thomas Keim, Senior Consultant, Hanse Orga The standardised ISO 20022 CGI message format
More informationDebt Issuance Programs
Debt Issuance Programs Debt Issuance Programs are covering several issues on a roll over basis. The contractual program amount of such a program may not necessarily be identical with the current utilization.
More informationUK Bridging Loans 2006
A Datamonitor Report timely UK Bridging Loans 2006 Publication Date: Nov-06 Product Code: Reacting to the latest news breaking in your industry focused primary research Bridging loans are short-term secured
More information2014 Cash management in TARGET2-Securities with the Banque de France Blueprint Version 1 February 2014
2014 Cash management in TARGET2-Securities with the Banque de France Blueprint Version 1 February 2014 Banque de France Version 1 February 2014 1 C O N T E N T S 1. INTRODUCTION... 5 2. CASH ACCOUNTS...
More informationMarcus Evans 6th Annual Liquidity Management Conference 2007 The Impact of SEPA on Cash Management Products and Services
Marcus Evans 6th Annual Liquidity Management Conference 2007 The Impact of SEPA on Cash Management Products and Services The views expressed in this presentation are those of the author and do not necessarily
More informationIntegrating Payables and Receivables to Unlock Working Capital
Integrating Payables and Receivables to Unlock Working Capital Approved for 1 CTP / CCM recertification credit by the Association of Financial Professionals May 2009 Introductions David Kunz Treasury Management
More informationPEOPLESOFT esettlements
PEOPLESOFT esettlements Relying on paper-based processes to pay for goods and services and to resolve disputes with suppliers can be costly, inefficient, and D KEY FEATURES Automated settlement process
More informationOnline Treasury Manager Wire Transfer Wire Input Instructions
Online Treasury Manager Wire Transfer Wire Input Instructions Domestic Wire Entry International Wire Entry and Routing (US Dollar) International Wire Entry and Routing (Foreign Currency) 1. Enter the correct
More informationNordic Practice and Experience on e-invoicing. Erkki Poutiainen 20 November 2007
Nordic Practice and Experience on e-invoicing Erkki Poutiainen 20 November 2007 E-invoicing challenges Country A Invoice Issuer (Supplier/Seller) This works already today well inside many single countries
More informationSYLLABUS CertICM. Edition 8
SYLLABUS CertICM Edition 8 OVERVIEW CertICM focuses exclusively on global cash management, allowing students to appreciate the importance of and techniques relevant to cash management for corporate treasury.
More informationThe multi-channel platform for global commercial banking
FusionBanking Corporate Channels Software overview The multi-channel platform for global commercial banking Unified digital services to become the bank of choice Misys product vision, commitment to market
More informationThe Foreign Exchange Market. Role of Foreign Exchange Markets
The Foreign Exchange Market Role of the foreign exchange markets Foreign exchange (FX) basics» Terminology» Types of contracts Organization and institutional features» Actors - brokers, dealers» Segments
More informationFast Settlement Service Information Paper 3. Requirements Phase. April 2014. Fast Payments SPRINT Program
Fast Settlement Service Information Paper 3 Requirements Phase April 2014 Fast Payments SPRINT Program Glossary Below is a list of selected terms used in this document. Relevant definitions have been adopted
More informationThe Foreign Exchange and Interest Rate Derivatives Markets: Turnover in the United States, April 2013. Federal Reserve Bank of New York
The Foreign Exchange and Interest Rate Derivatives Markets: Turnover in the United States, April 2013 Federal Reserve Bank of New York The Foreign Exchange and Interest Rate Derivatives Markets: Turnover
More informationTrading at SIX Repo AG
Guidelines for participation in the CH repo market and OTC spot market January 2015 [Type text] Table of contents 1.0 Swiss Value Chain from a single source 4 2.0 Connection to the Swiss Value Chain 5
More information