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Alliance Lite Sibos 2010 Amsterdam Dirk Van Achter, SWIFT Alex Ozanne, Kleinworth-Benson 25 October 2010.

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Presentation on theme: "Alliance Lite Sibos 2010 Amsterdam Dirk Van Achter, SWIFT Alex Ozanne, Kleinworth-Benson 25 October 2010."— Presentation transcript:

1 Alliance Lite Sibos 2010 Amsterdam Dirk Van Achter, SWIFT Alex Ozanne, Kleinworth-Benson 25 October 2010

2 SWIFT hasn’t solved all your problems yet? Your institution Corporates Investment manager FTP Market infrastructure Banks / Distributors Custodian Regulators Funds’ administrator/ Transfer agent Broker / Dealer

3 Lack of standards FAX/Paper-based Manual processing Increasing volumes Multiple counterparties Multiple connections Regulations Where it hurts

4 Corporates Investment manager FTP Market infrastructure Banks / Distributors Custodian Regulators Funds’ administrator/ Transfer agent Broker / Dealer Broker/ Dealer Custodian Regulators Funds’ Administrator/ Transfer Agent Investment Manager Market Infrastructure Corporates Banks/ Distributors Multiple Counterparties – One Connection

5 Secure Low cost Worldwide Standardised Easy Easy SWIFT access using Alliance Lite...many issues, one global solution! Getting your low volume counterparties on SWIFT

6 Product Web server Work flow SWIFTNet Interface security token SSL Manual Browser Interface SWIFT Security SWIFT Community SWIFT Managed SWIFT Messaging AutoClient Business Integration Alliance Lite Customer Internet SWIFT Network Counterparties Alliance Lite Central Infrastructure

7 Who is it for? New low volume SWIFT customers –Average < 200 items sent & received per day (< 4000 items/month) –1 item = 1 SWIFT message or 1 chunk (< 100 KB) of a FileAct file Current release: All types of institutions –Banks & Financial Institutions –Corporates –Funds Distributors & Funds Transfer Agents –Investment Managers, Broker / Dealers Next release –Browse services –Members of market infrastructures (e.g. TARGET2) –Q1 2011

8 Distribution One box with 10 tokens and 1 CD Quickstart instructions Install in 5 minutes Includes Own BIC on SWIFTNet BICplusIBAN directory built-in Free training and documentation

9 Easy Easy to Order Easy to Install Easy to Use Alliance Lite

10 Join SWIFT and Order Alliance Lite Click to fill in the single order form No need for username/password to access it

11 Easy Easy to Order Easy to Install Easy to Use Alliance Lite

12 The only thing you need to connect to SWIFT

13 Easy to Install

14 Easy Easy to Order Easy to Install Easy to Use Alliance Lite

15 PowerPoint Toolkit – 23 October 2008 – Confidentiality: restricted15 Alliance Lite – Browser Interface

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17 Plug your SWIFT USB Token in the USB slot of your PC You will be requested to enter password of USB Token

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20 20 IBAN to BIC look-up

21 21 Multi-page Print Search, filter, drill-down Easy to use reports

22 22 Save in file format of your choice

23 PowerPoint Toolkit – 23 October 2008 – Confidentiality: restricted23 Alliance Lite - AutoClient

24 SWIFTNet Your counterparties FIN File containing any MT Messages FileAct RT File with any content Internet Alliance Lite Central Infrastructure Alliance Lite customer MX CSV file Alliance Lite AutoClient

25 25 Alliance Lite: Attractive Price Model

26 Price Pay-as-you-go €200/month plus €1 per item All-inclusive Flat Fee €850/month –includes 4000 items/month Wholesale & Resale Volume Discounts As of €200 / month

27 27 Attractive Pricing 4, EUR/item Items/month EUR/month Pay as you go Flat Fee 1 item = 1 MT or MX, or 1 FileAct chunk of 100 KB, sent or received 850 Monthly billing 200 Subscription for 1 year, tacitly renewed, cancellation with 3 months notice A pay-as-you-go customer surpassing flat fee for 3 months in a row will be offered to switch

28 28 A Channel Island Initiative: A Bank’s Perspective

29 The Channel Islands, including Guernsey and Jersey are major offshore finance centres Consisting of nearly 100 Banks providing a diverse range of Banking Services including retail banking, total wealth management, foreign exchange, also supporting other financial services businesses operating in the Islands including: Fiduciary Services providing trust and corporate services to private client, corporate and institutional businesses Investment Business providing a range of services including stock broking, investment advice and management, promotion, fund management and administration, and custody of assets to an international clientele Insurance Business providing a range of insurance products and services, ranging from captive insurance company structures to intermediary services

30 Connecting the Financial Community Corporates Stock Exchanges Kleinwort Benson Broker-dealers Investment managers Banks Fiduciary Services Settlement systems Government institutions Clearing systems

31 Sender’s Correspondent Receiver’s Correspondent Paying Bank Kleinwort Benson Receiving Bank Bank of Jersey MT103 Customer Transfer How we use SWIFT for payments

32 Sender’s Correspondent Receiver’s Correspondent Paying Bank Receiving Bank Trust Company Beneficiary Letter Fax Telephone Multi Online Systems Online Statement Paper Statement Corporate Payment / Customer Transfer

33 Bank 1 Trust Company Bank 2 Bank 3 Online Banking

34 SIBOS 2008 Vienna SWIFT announced: –Launch of Alliance Lite: Targeted at financial institutions and corporates with low-volume payment requirements –Change of joining criteria to allow smaller regulated institutions to join the SWIFT network

35 Sender’s Correspondent Receiver’s Correspondent Paying Bank Receiving Bank Trust Company Beneficiary Alliance Lite SWIFT payment / Customer transfer

36 SWIFTNet OUT Payments IN Statements Business Application SWIFT Connectivity Outgoing payments in MT format files to FIN service Incoming statements in either MT940 format or downloaded from browser in Excel, Word, PDF etc Bulk messaging using to/from FileAct FIN FileAct Integrating to SWIFT

37 e-banking Y e-banking Z Internet leased line PSTN host to host X VPN “fax-banking” Corporate Accounts payable Accounts receivable Treasury Other Trust Company Payments Summary... from multiple proprietary bank channels…

38 SWIFTNet SWIFT Connectivity One message standard One security standard One gateway One network Lower costs Reduced risk Improved control Better compliance Accounts payable Accounts receivable Treasury Other Corporate Payments Trust Company …to a single channel to multiple banks

39 Benefits for the Client Single payment interface to all your bankers and therefore... –1 user id, 1 password and 1 security token –1 standard message format for all payment types Validation at the time of input Guaranteed delivery – non repudiation Go Green – electronic statements Integration with back-office software Scalability – standard payment infrastructure for all your banks

40 What are the benefits for us? All payments through a single channel Standardised message format No re-keying of data – reduction of time and error Validation at the time of input – minimise call back to client STP will allow for higher volumes with no staff increase Reduction in paper statements Being “SWIFT ready” makes us competitive in the market

41 “This makes me think of Intel Inside. You have the backbone of the financial industry which you now seem to have found a way to better exploit for the benefit of more users.” What delighted customers say “This is the first time I can ever hope to become and afford to be a SWIFT member.” “You are on the verge of creating an essential communication platform.” “Much better than what we have at the moment.” “Alliance Lite is light.” “It gives me the possibility to be part of the SWIFT network, to have that element of professionalism and security as part of my company image and reputation.” “SWIFT is a language, and Alliance Lite allows me to speak that language.”

42 More information? On SWIFT’s website

43 Questions & answers ?

44 Thank you

45 Presentation title – dd month yyyy – Confidentiality: xxx45 The colour palette Use the defined colour palette Don’t use other colours or fill- effects The standard font colour is black Use Oxblood red to emphasise text Primary colours Supporting colours R 151% G 2% B 84% R 242% G 140% B 163% R 148% G 157% B 158% R 160% G 207% B 235% R 240% G 171% B 0% R 181% G 218% B 210% R 0% G 155% B 187% R 44% G 94% B 79% R 183% G 18% B 52% R 118% G 106% B 98% R 105% G 54% B 149% R 149% G 74% B 9% R 255% G 204% B 0% R 204% G 102% B 51% R 181% G 163% B 0% R 130% G 124% B 52% R 151% G 35% B 63% R 192% G 192% B 192% R 204% G 102% B 51% R 151% G 35% B 63%


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