T2S and SWIFT Where do we stand? Oreste Di Francesco T2S Info Session, Stockholm December 21, 2011
Agenda SWIFT and Securities Market Infrastructures T2S SWIFT Involvement so far SWIFT solution for T2S VAN What s next Q&A
Securities Market Infrastructures on SWIFT 100 institutions from 57 countries Argentina Caja de Valores Hungary Keler Russian National Clearing Centre Armenia Central Depository of Armenia Indonesia KSEI Federation Depository Clearing Company Australia Australian Securities Exchange Ireland Euroclear UK&Ireland The National Settlement Depository Austraclear Israel Tel Aviv Stock Exchange Singapore The Central Depository (pte) Ltd Austria OeKB Italy MTS Monetary Authority of Singapore Belgium Euroclear Belgium CCG Slovakia CDCP Euroclear Bank Monte Titoli Bank of Slovakia MTS Japan Jasdec Slovenia KDD National Bank of Belgium Bank of Japan South Africa JSE Ltd Brazil CBLC Kazakhstan Kazakhstan Stock Exchange Strate Bulgaria CDAD Central Securities Depository Spain MTS National Bank of Bulgaria Kenya Central Bank of Kenya MEFF Canada CDS Korea Korea Securities Depository Iberclear Chile Deposito Centrale de Valores S.A. Kuwait Kuwait Clearing Company Sri Lanka Central Bank of Sri Lanka Croatia SKDD Latvia NASDAQ OMX (LankaSecure) Czech CSD Prague Central Depository Sweden NASDAQ OMX Republic Bank of Latvia Euroclear Sweden Denmark NASDAQ OMX Lebanon Midclear Central Depository Switzerland SIX x clear VP Lithuania NASDAQ OMX SIX SIS Estonia NASDAQ OMX Luxemburg Clearstream Banking SA Taiwan TDCC Estonian Securities Depository LuxCSD Thailand Thailand Securities Dep Co Ltd Egypt MCSD MISR Mexico SD Indeval Turkey Takas Bank Finland NASDAQ OMX Netherlands MTS United ICE Futures europe Euroclear Finland EMCF Kingdom London Stock Exchange France Euronext Paris Euroclear Nederland EuroCCP MTS New Zealand NZX Ltd LCH.Clearnet LCH.Clearnet NZClear Euroclear UK&Ireland Euroclear France Norway VPS Ukraine The National Depository Germany MTS Poland KDPW USA Chicago Mercantile Exchange Eurex Clearing Portugal Interbolsa Option Clearing Corporation Clearstream Banking AG Banco de Portugal OMGEO Greece Hellenic Exchange SA Qatar Doha Securities Market DTCC Bank of Greece Romania Depozitarul Central Federal Reserve Bank Hong Kong HK Exchange and Clearing Zimbabwe Reserve Bank of Zimbabwe HK Monetary Authority (CMU) 3
T2S SWIFT involvement so far
T2S VAN - E2E Network Architecture T2S DC-1 T2S DC-2 IPSEC tunnel A1 IPSEC tunnel B1 link Link IPSEC tunnel A2 IPSEC tunnel B2 VPLS (layer2) connection with BU path IPSEC tunnel A1 IPSEC tunnel A2 OPC-1 SIB BAP s MVSIPN DiCoAs T2S DC-3 OPC-2 T2S DC-4 Local diversified, access, POPs IPSEC tunnel B1 IPSEC tunnel B2 VPN layer provides secure & reliable channel SWIFT IP backbone Standard MVSIPN connectivity And messaging Services (Almost) imposed by T2S requirements Re-use of existing infrastructure 5
Proven resilient solution deployed for T2S connectivity Security Best in class follow the sun support Proven track record Competitive Prices Economical use of existing SWIFT infrastructure Securities business Securities Market Infrastructures Technical and business experts Migration / large projects ISO Standards implementation Migration Support Business/Technical assessment Project Management Others Re-use existing services and connectivity Almost all T2S DiCoAs already connected to SWIFT messaging services Turn key integration products and services 6
Milestones as per tender notice (*) Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 2011 2012 2013 2014 Bid submitted 29-Sep-11 Contract Signature +120 days --------------------> Completion of PoC +120 days ------------------------> Network&Connectivity in 2 test environments +60 days -----------> Network&Connectivity in 4 sites/4 test environments WHAT s Next : Refine solution DiCoAs consultation Sell solution +120 days ------------------->Completion of NW Acceptance Test DiCoAs (connectivity) Budget/Design Develop Implement (*) notice issued before announcement of postponement of T2S live date DiCoAs testing (Operational phase) 7
Thanks Comments/Information/Questions : oreste.difrancesco@swift.com 8