Introducing SWIFTGlobal Forum on Remittances 2009

Laico Hotel, TunisMichael Whyte

23 October 2009

Introducing SWIFT – January 2009 – Confidentiality: Public 2

SWIFT’s three dimensions – Community

Platform

Comm

unity

Standards

Introducing SWIFT – January 2009 – Confidentiality: Public 3

3,8 billion messages per year (2008)

9,000 customers

209 countries and territories

Over 2,000 employees

Average daily traffic 14.8 million messages September 2009 YTD

Last peak day - 17.8 million messages – 15 October 2008

SWIFT figures

Introducing SWIFT – January 2009 – Confidentiality: Public 4

SWIFT in figuresFIN messages by market Sept. 2009 YTD

1% 50%7%

42%

Payments1,357 million msg

Trade31 million msg

Securities1,221 million msg

Treasury160 million msg

43.9%

5.8% 1.1%48.8%

African Countries on SWIFT 1993

Countries – Not connected

Countries connected

Countries now on SWIFT

Countries connected

Workers’ Remittances 1.0A high-value service for low-value payments

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Bank options for service delivery

Outside of becoming a franchisee of a money transfer operator, banks have the following alternatives:

1. Build a proprietary network

2. Build a bilateral service with a correspondent

3. Use open correspondent banking arrangements

Cost

Scalability

Service

Option: Issue:

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Workers’ Remittances Objectives

• Deliver a robust end-customer value proposition– time transparency– price transparency– ease of use

• Bring scalability to bilateral bank services

• Support any type of retail payment product

• Remain commercially and brand neutral

Service framework fit in the person-to-person payments ecosystem

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Debtor CreditorAgentAgent ParticipantParticipant

Settlement Agent

Bilateral ContractBilateral Service Level Template

Market PracticesService Levels, Product Groups, Charges & FX Practices

Reference DataParticipant and Agent Capabilities and Points of Service

Messaging StandardsInstruction, Reject, Return & Status

Messaging ServicesFileAct Strore & Forward 6.1

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Ref. data

FileAct S&FISO UNIFI 20022

Architecture

Rules + Guidelines

Settlement

sender beneficiary

Distribution network

sending countryDistribution network

Receiving country

CB CB

MT cover payment

High-level overview

End-to-end service level

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What you need to get started?

• Business:– Business Agreement with

counterparties• Application:

– Capability to process ISO 20022 (XML)

• SWIFT:– FileAct processing capabilities– Alliance Gateway release 6.1 or

higher– SWIFTNet Link release 6.1 or

higher

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Benefits

• Robust end-customer value proposition– time transparency– price transparency– ease of use

• Scalable bilateral bank services• Any type of retail payment

product supported

• Commercial and brand neutrality

Bring your services and your brands to your customers, efficiently!

33 service participants, 13 certified live

ABSA Bank Limited ZA

Banco Africano de Investimentos AO

Banco BHD S.A. DO

Banco BISA BO

Banco Bolivariano S.A. EC

Banco Davivienda ( Bancafé ) CO

Banco de Guayaquil EC

Banco del Austro S.A. EC

Banco do Brasil BR

Banco Nacional de Fomento EC

Banco Solidario EC

Banque Centrale Populaire-Maroc MA

BBVA Bancomer SA MX

China Construction Bank CN

Citigroup US

Citigroup UK

Codesarrollo EC

Financiera Cambiamos CO

FirstRand Bank Limited ZA

Giro y Finanzas CO

Habib Bank PK

ICBC CN

ICCREA IT

ICICI Bank Ltd IN

Ivobank UK

La Caixa ES

Macrofinanciera CO

Millennium BCP PT

Nedbank ZA

Russlavbank RU

Standard Bank of South Africa ZA

Standard Chartered HK

Wall Street Exchange Centre LLC AE

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2323

Questions?

?

Thank you

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