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Slide 1 Cartagena - Agosto 2005 Introdución a SWIFT: Facilitando ventajas competitivas a través de estándares comunes y una plataforma compartida Lambert.

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Presentation on theme: "Slide 1 Cartagena - Agosto 2005 Introdución a SWIFT: Facilitando ventajas competitivas a través de estándares comunes y una plataforma compartida Lambert."— Presentation transcript:

1 Slide 1 Cartagena - Agosto 2005 Introdución a SWIFT: Facilitando ventajas competitivas a través de estándares comunes y una plataforma compartida Lambert Timmermans Gerente América Latina, SWIFT sc

2 Slide 2 SWIFT Plenary - Agenda  The 2010 Strategy of SWIFT  SWIFT in Latin America  SWIFTNet solutions helping you building competitive advantage

3 Slide 3 SWIFT Plenary - Agenda  The 2010 Strategy of SWIFT  SWIFT in Latin America  SWIFTNet solutions helping you building competitive advantage

4 Slide 4 SWIFT - connecting the financial community Banks (Founding ) IMI's (1992) Corporates (2001) Insurance IMI's (2001) Payments MI's (1998) Securities MI's (2000) Government institutions (2001) Trustees (1990) Broker-dealers (1987) Payment systems (1987) Clearing & Settlement systems (1987) Depositories (1987) Stock Exchanges (1987) Treasury Counter-parties (1999)

5 Slide 5 Visión SWIFT2006 "Nuestra misión es ser la infraestructura de mensajería de la comunidad financiera, aportando el menor riesgo y los mayores niveles de contingencia."

6 Slide 6 Other Exchanges InvestmentManagers TransferAgents ETC providers Infrastructures and VMUs Broker-dealers SWIFT Banks Stock Exchanges User Groups ICSDs & CSDs Insurance companies Single window connectivity for the industry Creating STP momentum for the industry Pension Funds Corporates

7 Slide 7 SWIFT2006 Making financial messaging safer and less costly

8 Slide Pricing initiatives FIN Price reductions ReportingNon-Reporting Domestic20%5% Intra-Bank30%18% International20%7% Average reduction = 8%

9 Slide 9 Rebate history 15 M 25 M 33 M ? EUR Millions 5% 8% 10%

10 Slide 10 Reducing total cost of ownership Service bureaux Introductory packages for small users ISP local loop Member concentrator model approved SWIFTAlliance starter set ($ 4,750) fee waived     

11 Slide 11 Pricing and traffic Harnessing economies of scale Price (EURcent/msg) Traffic (Millions of messages) Price Traffic

12 Slide 12 SWIFT’s changing market mix Share of SWIFT messaging revenues (EUR) 0% 20% 40% 60% 80% 100% Securities MI Securities Banking MI Banking

13 Slide 13 SWIFT: la red mundial en ,678 instituciones financieras 203 paises Dia pico: 10,958,655 Disponibilidad : % Pagos/576 MM msgs Comercio /19 MM msgs Tresoreria/65 MM msgs Valores/338 MM msgs Crecimiento Pagos 6%Tresoreria 5% Com. Ext 1% Valores 11%

14 Slide 14 Banking market infrastructures in 1995 EBA Norway

15 Slide 15 Banking market infrastructures in 2005 Albania France CRI Singapore AngolaGermany (RTGS plus) Slovenia (SIPS, GIRO) Australia Ghana South Africa (SAMOS) Austria (ARTIS) Greece South Africa (BOP, ZCL) Azerbaijan Hungary Spain (SLBE) Bahamas Guatemala Sri Lanka Belgium Italy (BI-REL) Sweden (RIX, BGC) Barbados Ireland Switzerland Bosnia Herzegovina Jordan Tanzania Bulgaria Kuwait Thailand Canada Latvia Trinidad & Tobago Chile LCH Tunisia CLS Bank Luxembourg Uganda Croatia Malta UK NewCHAPS Denmark Mauritius Venezuela EBA (EURO1) Namibia West African Monetary EBA (STEP1, STEP2) New Zealand Union ECB (TARGET) Netherlands (TOP) Egypt Netherlands (Interpay) USA (CHIPS, Fedwire) Eurogiro Norway Zambia Finland Philippines Zimbabwe Romania

16 Slide 16 Securities market infrastructures 1995 JP Morgan Cedel

17 Slide 17 Securities market infrastructures 2005 CREST Euroclear Bank Clearstream Strate SIS SIS X-clear Euroclear NL ECSDA …and others! Johannesburg SE Sydney Futures Exchange Singapore SE Omgeo DTCC ISCC LCH.Clearnet HKMA Eurex Euroclear FR London Stock Exchange Tokyo Stock Exchange Iberclear JSCC

18 Slide 18 Increasing resilience - 4 Pillars II Security People Crisis mgmt Service continuity  Physical and cyber security  Personnel processes  Service continuity  Crisis management

19 Slide 19 Visión SWIFT2010? "Nuestra visión es de llegar a ser la principal infraestructura de la comunidad financiera global para la gestión de transacciones con el menor riesgo y la mayor fiabilidad."

20 Slide 20 SWIFT Plenary - Agenda  The 2010 Strategy of SWIFT  SWIFT in Latin America  SWIFTNet solutions helping you building competitive advantage

21 Slide 21 SWIFT en América Latina 8.2 MM msg (+ 17%) 699 usuarios activos 47 paises Service Bureaus Organisacion regional SWIFT Migracion SWIFTNet Sistemas de pagos Conferencia Reg Acceso corporativo/Ma-CUG

22 Slide 22 Pagos 20 %Tresoreria -12 %Valores 13 %Com. exter 2 %Total18 % Crecimiento 2. SWIFT Trafico en America Latina: por mercado (Mayo 2005) % Cuota Tot Msg (Sent) 8.7 mio

23 Slide 23 Traffic 2004 Top 20 countries and Latin America Latin America GBUS DE FR BE IT NL CH JP LU HK ES AU SE ZACAATSG DK FI Millions

24 Slide 24 Growth 2004 Top 20 countries, Latin America and "RIC's" -10% -5% 0% 5% 10% 15% 20% 25% 30% 35% 40% ITATJPINRUCNUSGBFIHKAUBECASEZADELUSGFRDKNLES CH Latin America

25 Slide 25 Latin America traffic 2004 Top 10 countries MXBRVECLARCOECPEPAAN Others Millions

26 Slide 26 Latin America growth 2004 Top 10 countries 44% 40% 29% 24% 18% 11% 10% 8% 16% 14% -1% -5% 0% 5% 10% 15% 20% 25% 30% 35% 40% 45% 50% CLVECOMXARECBRPEANPAOthers

27 Slide 27 SWIFT Plenary - Agenda  The 2010 Strategy of SWIFT  SWIFT in Latin America  SWIFTNet solutions helping you building competitive advantage

28 Slide 28 Proprietary connections: IT Iceberg concept hardware software lines maintenance support release qualification testing backup disaster take-over exercises legal software maintenance maintenance project management procurement education documentation

29 Slide 29 SWIFTNet - main features SWIFTNet messaging product offering Browse Online information visualisation FileAct Real-time file transfer for bulk payments files and reporting FIN Standard store-and-forward messaging for single instructions InterAct Real-time messaging for query / response and transaction input

30 Slide 30 SWIFTNet: single window access to the financial world Business solutions Customer solutions SWIFTNet FIN Market infrastructures SWIFTNet Enabling the community More than 7,000 FIN correspondents in more than 200 countries FX-Accord FIX Cash reporting Proprietary reporting Bulk payments Securities report Funds mngnt Browsing Broader range of business solutions Corporate access / MA CUG Extended reach RTGSplus CLS i-C&S (NYCH) Euroclear Bank Clearstream Chile LBTR … Single window access to MI’s

31 Slide 31 SWIFTNet: single window access to the financial world Business solutions Customer solutions SWIFTNet FIN Market infrastructures SWIFTNet Enabling the community More than 7,000 FIN correspondents in more than 200 countries FX-Accord FIX Cash reporting Proprietary reporting Bulk payments Securities report Funds mngnt Browsing Broader range of business solutions Corporate access / MA CUG Extended reach RTGSplus CLS i-C&S (NYCH) Euroclear Bank Clearstream Chile LBTR … Single window access to MI’s

32 Slide 32 Example of FIN Use a single standard with all counter-parties Request for Transfer (MT101) Credit/debit advice (MT900/910) Intra-day Statement (MT942) End of day Statement (MT940) Notice to receive (MT210) A complete set of standard messages that allow end to end automation FIN for treasury and liquidity management

33 Slide 33 FIN for liquidity management Automate investment and borrowing activities …. + an extensive set of standards to automate your collateral management and corporate actions Order to buy/sell (MT502) Statement of holdings (MT535) Settlement instructions (MT540/1/2/3) Confirm of purchase/sale (MT515) Settlement confirmations (MT544/5/6/7) FIN for liquidity management

34 Slide 34 Financial risk management Automated matching with SWIFTNet Accord SWIFT Accord Real-time Confirmation Matching Accord subscriber Accord subscriber or non- subscriber Copies of confirmations Real-time interactive Reporting and Exception handling SWIFTNet Accord further reduces costs and operational risk FINAccord FIN and Accord for financial risk management

35 Slide 35 SWIFTNet: single window access to the financial world Business solutions Customer solutions SWIFTNet FIN Market infrastructures SWIFTNet Enabling the community More than 7,000 FIN correspondents in more than 200 countries FX-Accord FIX Cash reporting Proprietary reporting Bulk payments Securities report Funds mngnt Browsing Broader range of business solutions Corporate access / MA CUG Extended reach RTGSplus CLS i-C&S (NYCH) Euroclear Bank Clearstream Chile LBTR … Single window access to MI’s

36 Slide 36 SWIFT provides a total solution for payments and settlement systems Automated clearing houses Bulk payments Real-time gross settlement systems Settlement instructions FIN FIN Copy InterAct FileAct Central securities depositories DVP instructions Real-time query/control Reporting Settlement instructions Real-time query/control Reporting Banking correspondents Payments Bulk payments R-t cash reporting Settlement instructions

37 Slide 37 Example: the FED and CHIPS  Federal Reserve Bank –Fedwire: as a contingency for large banks –Fed ACH: as a contingency for large banks  The Clearing House –CHIPS: as primary messaging –EPN ACH: payment channel - primary or contingency for large banks

38 Slide 38 Payments Markey Infrastructures (May 2005) Angola (RTGS) ECB TARGET2 Kenya (KPS) Singapore (MEPS+) Austria (ARTIS) Bahamas (RTGS) Barbados (RTGS) Belgium (ELLIPS) ECB (Target) Finland (BOF) Greece (HERMES) Kuwait (RTGS) Malta (RTGS) Netherlands (InterPay) Netherlands (TOP) South Africa (SAMOS) Switzerland (Remote Gate) Thailand (BAHTNET/2) Trinidad and Tobago (RTGS) Venezuela (PIBC) W. African Monetary Union (BCEAO) Austria (ARTIS) Chile (COMBANC) CLS Bank EBA (STEP2) Eurogiro Germany (RTGSplus) Italy (BIREL) Luxembourg (LIPS) South Africa (BOP) UK (EnquiryLink) Algeria (RTGS) Bank of Central African States (BEAC) ECB TARGET2 Guatemala (RTGS) Oman (RTGS) Pakistan (RTGS) SWIFTNetFIN Ireland Italy Jordan Latvia Luxembourg Mauritius Namibia New Zealand Norway Philippines Slovenia Spain (SPI) Sri Lanka Sweden Tanzania UK NewCHAPS (€ & £) Zimbabwe CHIPS (TCH) Eurogiro Slovenia (Giro) Sweden (BGC) UK (BACS) Georgia (ACH) Hungary (VIBER Monitor) Tanzania (ACH) UK (BACS) USA (EPN) Dominican Republic (RTGS) Fiji (RTGS) Russia (RTGS) Discussion Albania (RTGS) Australia (PDS) Azerbaijan (AZIPS) Bosnia Herzegovina (BIH) Bulgaria (RTGS) Canada (LVTS) Chile (LBTR) CLS Bank Croatia (HSVP) Denmark (KRONOS) EBA (EURO1 & STEP1) Egypt (CBE) France CRI (PNS/TBF) Germany (RTGSplus) Ghana (RTGS) Hungary (VIBER) Ireland (IRIS) Italy (BIREL) FIN Copy Albania (AECH) ECB TARGET2 Netherlands (InterPay) Singapore (MEPS+) Slovenia (GIRO) Spain (NSLBE) Sweden (BGC) USA (CHIPS) USA (Fedwire) Jordan (RTGS) Latvia (RTGS) Luxembourg (LIPS) Mauritius (RTGS) Namibia(RTGS) New Zealand (AVP) Norway (NICS) Philippines(RTGS) Romania (RTGS/CSD) Slovenia (SIPS) South Africa (ZCL) Sri Lanka (RTGS) Sweden (RIX) Tanzania (RTGS) Uganda (RTGS) UK (NewCHAPS) Zambia (RTGS) Zimbabwe (ZET) Implementation Planning Live

39 Slide 39 US Banks SWIFT Single payments RTGS FEDNET FED ACH FedWire Ex. Contd : SWIFTNet expands the options for US banks TCH EPN ACH CHIPS FedWireCHIPS FI’s Bulk payments / Files FED ACH ACHsEPN ACH FI’s Dedicated link New SWIFT flows (InterAct and FileAct) Existing SWIFT flows (FIN) Single SWIFTNet connection

40 Slide 40 SWIFTNet: single window access to the financial world Business solutions Customer solutions SWIFTNet FIN Market infrastructures SWIFTNet Enabling the community More than 7,000 FIN correspondents in more than 200 countries FX-Accord FIX Cash reporting Proprietary reporting Bulk payments Securities report Funds mngnt Browsing Broader range of business solutions Corporate access / MA CUG Extended reach RTGSplus CLS i-C&S (NYCH) Euroclear Bank Clearstream Chile LBTR … Single window access to MI’s

41 Slide 41 The Bulk Payments Solution is based on SWIFTNet FileAct  Authenticity, integrity, confidentiality, non-repudiation  Flexible central routing  Any type of file up to 250Mb, compression supported File transfer initiation Delivery notification (optional) SenderReceiver Actual file transfer File transfer status FileAct

42 Slide 42 SWIFTNet FileAct addresses your present end-to-end bulk payment needs Financial Institution Customer Financial Institution Automated Clearing House ü Standardised file transfer platform ü Support of existing file formats ü Global reach ü Highly secure and cost effective SWIFTNet FileAct

43 Slide 43 FIN MT 103 / MT 202 Intraday FIN MT 900/910/942 End of day FIN MT 950 Account servicing institution Account owner 1. What is SWIFTNet Cash Reporting? SWIFTNet Cash Reporting -Time payments are more common -Timed liquidity needed: RTGS’s, PvP, DvP’s -Longer settlement days -Interdependencies between payment systems -Globally connected world -Increasing regulatory pressure -Time = money

44 Slide 44 Market infrastructure cash management SWIFTNet Cash Reporting supports your real-time information needs Real-time Nostro account information Real-time cash reporting for corporates

45 Slide 45 Service User person to application possible configurations SA WebStation Admin GUI Messen ger GUI SWIFTNet RTNAI service SNJ SAG SNL SA Starter Set SA Access RAHA SA WebStation Admin GUI Messen ger GUI SWIFTNet RTNAI service SAG SNL SA Gateway RAHA SA WebStation Admin GUI Messen ger GUI SWIFTNet RTNAI service a) Stand alone: SAB + GUI connected directly to SWIFTNet (via a dial-up/leased line) b) SAB + GUI concentrated behind the SWIFTAlliance Starter Set c) SAB + GUI concentrated behind the SWIFTAlliance Gateway

46 Slide 46 SWIFTAlliance Starter Set File transfer GUI SWIFTNet Link The SWIFTAlliance Starter Set SWIFTAlliance Entry or Access Customer Solutions SWIFT Business Solutions SWIFTNet FIN Market infrastructures Financial institution Generic SWIFTNet messaging services InterAct FileAct Browse The SWIFTNet single window: The SWIFTAlliance Starter Set opens the single window

47 Slide 47 SWIFTAlliance Starter Set File transfer GUI SWIFTNet Link The SWIFTAlliance Starter Set SWIFTAlliance Entry or Access Customer Solutions SWIFT Business Solutions SWIFTNet FIN Market infrastructures Financial institution Generic SWIFTNet messaging services InterAct FileAct Browse The SWIFTNet single window: The SWIFTAlliance Starter Set opens the single window

48 Slide 48 SWIFTNet: single window access to the financial world Business solutions Customer solutions SWIFTNet FIN Market infrastructures SWIFTNet Enabling the community More than 7,000 FIN correspondents in more than 200 countries FX-Accord FIX Cash reporting Proprietary reporting Bulk payments Securities report Funds mngnt Browsing Broader range of business solutions Corporate access / MA CUG Extended reach RTGSplus CLS i-C&S (NYCH) Euroclear Bank Clearstream Chile LBTR … Single window access to MI’s

49 Slide 49 e-banking Y host to host X e-banking Z VAN “fax-banking” Internet Leased line PSTN Corporate client Accounts payable Accounts receivable Treasury Other Streamlining with heterogeneous systems is a challenge How can banks help ?

50 Slide 50  One platform  Full STP  Highest level of security and resiliency  Lower costs  Reduced risk  Improved control SWIFTNet Corporate client Accounts payable Accounts receivable Treasury Other SWIFTNet interface Banks can help by offering access over a secure standardised channel

51 Slide 51 Banks offering corporate access over SWIFTNet Americas  Royal Bank of Canada  Laurentian Bank of Canada  Caisse Centrale Desjardins  Banque Nationale du Canada Canada (CA) Mexico (MX)  BBVA Bancomer, S.A.  American Express Bank Ltd  Bank of America N.A.  Citibank NA  Deutsche Bank Trust Co. Americas  JPMorgan Chase Bank  Mellon Bank NA  The Bank of New York  Wachovia Bank  Wells Fargo  State Street and Trust Cy United States (US) Brazil (BR)  Banco do Brasil

52 Slide 52 Banks offering corporate access over SWIFTNet ES PT  Banco Bilbao Vizcaya Argentaria, S.A.  Banco Cooperativo Espanol, S.A.  Banco Espanol de Credito S.A.  Banco Popular Espanol  Caixa d'Estalvis i Pensions de Barcelona "La Caixa“  Santander Central Hispano Investment S.A.  Bankinter, S.A. Spain (ES)  Banco Comercial Portugues, S.A.  Caixa Geral de Depositos, Lisboa Portugal (PT)

53 Slide 53 Corporates on SWIFT Industry sectors

54 Slide 54 Corporates on SWIFT by industry sector (3/6)  Citco  FINClear FZ-LLC  HIFX PLC  Korean Exchange Bank (3 entities)  Travelex  Mastercard  Moravski Penezni Ustav  Nyenburgh Beheer N.V.  RZB financial services (US)  Thomas Cook Al Rostamani Financial Services  Cargill  Danone  Nestle Espana  Kraft Food Products  Aegon  Legal and Finance  Rural Grupo Asegurador Insurance

55 Slide 55 Corporates on SWIFT by industry sector (5/6)  Aramco  BP  Shell  Sonatrach  Lukoil  Total  Yara International Oil and Gas  Yves Rocher Personal Care  Johnson and Johnson Pharmaceuticals  Hertz Rental and Leasing

56 Slide 56 Corporates on SWIFT by industry sector (6/6) Software  SAP  Synergex Telecom Services  France Telecom  Telkom  UNI 2

57 Slide 57 The guiding principles of SWIFT are clear To offer the financial services industry a common platform of advanced technology and access to shared solutions through which each member can build its competitive edge.

58 Slide 58 Questions and answers Thank you!


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