Standards & Solution

Event 2014

Zurich, 11 March 2014

Welcome!

2

Agenda

3

Welcome at Swiss Life Asset Management

Key developments in the European

financial industry - Role of SWIFT

Christian Kothe

Head of Central & Eastern Europe

Zürich, 11 March 2014

Access Lite2

IPLA AMH

Services

Software House

Messaging

Correspondent Banking

RTGS FX S&R

CSD ACH Corporates/IMIs

Platform

Compliance SWIFTRef

BI Matching

MyStandards MIRS

Services

ACCORDTM

MY

STANDARDSBUSINESS

INTEL

LITE2

LITE2

SANCTIONSREF

DATA

BUSINESS

INTEL

LITE2

SANCTIONSREF

DATA

BUSINESS

INTEL

Shared Services

Standards

SWIFT business model

Trade

SWIFT2020_Board Offsite_March14_v1.pptx 5

EMEA 2013

6

Fun

ds

CLS initiative

delivery on track

455 people at

ARC

AM

H

Commercial pipeline

CH customers go live

T2S

+107

New corporates

5 New RTGSs

on SWIFT

Alliance Lite2 ASP

model rolled out

17 CSDs signed

EMEA

85% Market share

6 DCPs signed

+72% SNet growth

+ 500 new funds pairing

100 new Sanctions

Screening customers 35th SIBOS

162%

EBA Step2 average daily

FileAct growth 2013

8.7/10 customer

satisfaction

EMEA plan for 2014

7

Services positioning & business development

• MIRS

• T2S projects/Settlement

• CLS

• Alliance Messaging Hub

• Compliance portfolio –&

KYC Registry

• Lite2 portfolio/Converter

• MyStandards

• T2S implementation

• Corporates

• Funds & investment

managers

• Settlement /T2S

• BI & Compliance

• LVP: EBA Step2

• FINCopy and FINInform

• Key clients: Continue to

leverage fixed fee usage

• Corporates & funds

Traffic

development Focus clubs

Stronger

take-up of new

products

MT/LT projects

Focus

Partners

Expertise &

Knowledge

Creativity

&

Innovation

Efficient

Channel Mgt

EMEA

Vielen Dank !

SR 2014 Overview

Tinne Verschueren, Standards, SWIFT

11 March 2014

Agenda

• MT Standards Release process

• MT SR 2014 Changes in Business domains

– Payments

– Treasury

– Trade Finance

– Securities

– Commodities

• SR implementation

• SWIFT’s offering for SR 2014 implementation

10

PowerPoint Toolkit – 23 October 2008 – Confidentiality: restricted 11

Introduction

1 June 2013 Deadline for change requests

before end August 2013 Maintenance Working Group (MWG) meetings

13 September 2013 Board Business Committees meet

20 September – 26 October 2013 Country voting

11 December 2013 Board ratifies the country vote

20 December 2013 Standards Release Guide (SRG) published

21 February 2014 Updates to the SRG

SR 2015 Advance information on 59F

28 February 2014 (Exceptional update to SRG 2014)

16 November 2014 Standards MT Release 2014 Live

Standards MT Release 2014 maintenance timeline

http://www.swift.com/products_services/by_type/standards/standards_mt_maint_rel_2014

PowerPoint Toolkit – 23 October 2008 – Confidentiality: restricted 13

Payments

Categories 1, 2 & 9 – Payments (MT 103, MT 103 STP, MT 202, MT 202 COV, MT 203, MT 942)

Improve clarity and facilitate automation

• Market practice guideline regarding risk of paying out prior to

receipt of cover payment

• Align usage rule for field 53B across Payments messages

• Align network validation on statement line in MT 942 with rule in

MT 940

• Category n (MT n92, MT n95, MT n96):

– Codes to easily identify queries related to sanctions screening

and the associated answer

– Code to easily identify a payment cancellation request related

to fraudulent activity

14

Feb 2014

15

Categories 1, 2 & 9 – SR 2015 and later releases Addition of 59F and removal of free format in field 50 and field 59

Nov 2014 Dec 2014 Dec 2013

SR 2014 SRG 2015

Published

Nov

2016/17/… SRG 2014

Published

Advance

documentation for

SR 2015 published

with details of 59F

Continuous communication about removal of 50K & 59 no-letter option

50K & 59 no-

letter option

removed from

Payments

messages

Advance notification of removal of free format options

Promote use of 59F before

removing free format options

Field 59F

goes live

2 year notification of new 59F

Nov 2015 Dec 2015/16

SR 2015 SRG 2016/17

Published

Publish final

documentation for

new field option

F in field 59

PowerPoint Toolkit – 23 October 2008 – Confidentiality: restricted 16

Treasury

Category 3 – Treasury Markets (MT 300, MT 304, MT 305 MT 306, MT 340, MT 341, MT360, MT361, MT

380, MT 381)

• Additional (optional) fields for regulatory reporting (reporting parties)

and clearing requirements (ESMA/EMIR* and Dodd Frank)

• Length increase for UTI*** Namespace/Issuer Code and PUTI****

• Amendement to the Industry requirements when no ISDA** Master

agreement exists

• ISDACN code added to Type of Agreement – Offshore deliverable

CNY

• New optional field Payment versus Payment Settlement Indicator

* ESMA: European Securities and Markets Authority EMIR: European Market Infrastructure Regulation

** ISDA: International Swaps and Derivatives Association

*** UTI: Unique Transaction Identifier

****PUTI: Prior Unique Transaction Identifier

17

PowerPoint Toolkit – 23 October 2008 – Confidentiality: restricted 18

Trade Finance

Trade Finance

• No changes for SR 2014

• Discussions ongoing for revamp of cat 7 in a later standards

release

19

PowerPoint Toolkit – 23 October 2008 – Confidentiality: restricted 20

Securities

Category 5 – Corporate Actions (MT 564, MT 565, MT 566, MT 567, MT 568)

• Definitions updated

– Support national market practice groups

– Clarify or make less specific

– Promote consistent use

• New qualifiers and codes supporting industry groups

• Repetitive nature of qualifiers changed

• New letter options

• Changes regarding FATCA

* FATCA: Foreign Account Tax Compliance Act

21

Category 5 – Settlement and Reconciliation (MT 508, MT 524, MT 530, MT 535-8, MT 540-9, MT 578, MT 586)

• New qualifiers and codes

• New optional sequence (MT 530)

• Qualifiers and code lists updated

• Alignment of references across messages

22

Category 5 – Trade Initiation Confirmation

& Triparty Collateral Management MT 502, MT 503-7, MT 509, MT 513, MT 514, MT 515, MT 517, MT 527,

MT 558, MT 569, MT576

,

• Facilitate initial public offering processing in the Indian market

– New qualifiers and codes

– Change repetitive nature of qualifiers

– New fields

• New pagination functionality to confirm unlimited number of

partial fills (MT 515)

• New codes

23

Category 5 – SR 2015

SWIFT Board requested to restrict SR 2015 for securities

• only CRs that are critical

• strong business case or a regulatory justification

• major market infrastructure projects starting in 2015 for

securities industry

24

PowerPoint Toolkit – 23 October 2008 – Confidentiality: restricted 25

Commodities

Commodities (MT 600, MT 601)

• Additional (optional) fields and usage rules for regulatory

reporting and clearing requirements (ESMA)

• Length increase for UTI Namespace/Issuer Code and PUTI

• Field 77H Type, Date, Version of the Agreement becomes

mandatory

• Additional section on message level to indicate Industry

Requirements (ISDA)

SR 2015

• Introduce Network validated Rule for the use of Unit Code GOZ

to indicate white metals (silver, platinum, palladium)

26

PowerPoint Toolkit – 23 October 2008 – Confidentiality: restricted 27

SR implementation

Standards Release evolution

PowerPoint Toolkit – 23 October 2008 – Confidentiality: restricted 28

29

Implement SR 2014

• Impact analysis

– How many changes impact the MT messages used per

institution

– What is the impact level per change request

• Optional changes

– Analyse context

– Supported in messages sent?

– How to handle in back office when received?

• Mandatory changes

– How to implement in back office

– Impact on business flows/processes

• Implementation project plan

PowerPoint Toolkit – 23 October 2008 – Confidentiality: restricted 30

SWIFT can help

Derivatives documents on swift.com

http://www.swift.com/products_services/derivatives

31

Regulatory compliance and automation for OTC derivatives

transactions

• OTC Derivatives Trade Reporting to Regis-TR

• OTC Derivatives Trade reporting

• Use SWIFT to comply with EMIR

• MarkitSERV FX Clearing Service

• Derivatives CUG

• UTI usage guide

• Derivatives Trade Reporting to DTCC

Standards Release consultancy

• High level impact assessment

• Visualise traffic data sent/received against MT’s impacted by SR

• Reduce number of CRs to be analysed

• Prioritise CRs for you

• A questionnaire with targeted questions to refine impact assessment

32

High level

impact

assessment Detailed

assistance

proposal

Detailed impact assessment

Business flows review

Schemas

Specifications

Integration Services

Q&A with Standards expert

SWIFT Products - MyStandards

33

Thank you

Q&A

Coffee Break

…11:15 am

SWIFT Standards & Solutions Event March 10, Zurich

T2S Overview

36

Charifa Elotmani, Clearing & Settlement Markets, SWIFT

11 March 2014

Future EU settlement landscape with T2S

Options for Indirect Connectivity

37

Souce: European Central Bank presentation „T2S: Settling without borders in Europe”, January 2012

Indirect Connectivity via several CSDs

Minimizes the impact of T2S on the

established structures and relationships

Need to retain existing relationships with

multiple service providers

Indirect Connectivity via a CSD

Replace existing links to agents, custodians

and local CSDs

Significantly reduces operating costs

Indirect connectivity & standards

Key concerns of ICPs

38

What will my service providers’ offering be?

How will my current communication be

impacted by my provider’s requirements for

T2S?

What are the functional changes introduced

by T2S? What opportunities do they bring?

How can I leverage T2S opportunities without

going direct?

Who can help me assess the STP quality of

Corporate Actions, Collateral, Liquidity

communications from my different providers?

…

How can SWIFT help address ICP’s challenges

39

Achieving a common understanding of

indirect impact of T2S on current

communication, operational and

functional environment.

The goal is to help

you seize the

opportunities of the

newly created

competitive

environment

Providing you with a solid

framework and tools to

negotiate your SLAs with your

providers

Helping you upgrade your

proprietary or ISO

communication to the

enhanced « T2S »

compatible messaging.

Supporting you in your analysis for infrastructure rationalisation

(STP, TCO programs) and help you set-up an agile, future-proof,

cost-efficient infrastructure.

by..

e.g. TRAINING

e.g. IMPACT ASSESSMENT

e.g. STANDARDS GAP ANALYSIS

e.g. TESTING SERVICES

T2S – ISO messages for

liquidity and collateral

management

Cash and Liquidity

management

Auto-collateralisation

(Central Bank/ Client

collateralisation, Limit

management, ...)

Bilateral collateral

management (Repo &

pledge, CCP scenario, …)

T2S – ISO messages for

securities settlement and

management

T2S message flows and

related services, illustrated

against a specified

business context and set of

actors

Case scenarios to illustrate

detailed message content

for settlement, liquidity

management, static data

T2S in 90 minutes

Impact of T2S on different

market players

T2S features: lifecycle

management and

matching, instruction

maintenance, settlement,

liquidity management,

accounting day

40 40

SWIFT Training for T2S

Understanding T2S-related messages and business flows

ISO 20022

for S&R (and CA)

ISO 20022 for securities

in the settlement and

reconciliation (and

corporate actions)

lifecycles

Case scenarios to

illustrate detailed

message content

ISO 15022 enhanced

for ICPs

ISO 15022 enhanced

messages, the new

processes and flows behind

Case scenarios to illustrate

new guidelines and

implementation attention

points

BAH in

T2S environment

Use of BAH both for

securities and payments

ISO 20022 messages in

the settlement lifecycle

The chain and various

scenarios between

participants, CSDs and

the T2S platform

41 41

SWIFT Training for T2S – a look at the future pipeline

Insights on potential future modules

DRAFT / UNDER DEVELOPMENT

Impact assessment for T2S

Overview

• Revolves around 4 axis (business processes and flows and related ISO messages, services available, T2S schedule, infrastructure capacity requirements)

IMPACT ASSESSMENT

• Provide an estimation of future volumes and optimised messaging model in a post-T2S environment.

VOLUME PROJECTIONS

• Identify the messages that need to be implemented and the integration and the infrastructure needs.

MESSAGE IMPLEMEN-

TATION EFFORTS

42

A number of MT changes have been made to maintain compatibility with

ISO 20022 as it evolves to support the requirements of T2S.

Impact of T2S on financial messaging

Standards gap analysis

43

Domestic formats

ISO 15022 (enhanced)

ISO 20022

ICP

ISO 15022

ISO 20022

T2S

DiCoA Domestic

ISO 20022

1. PERFORM A GAP ANALYSIS OF CURRENT VERSUS NEW

2. EVALUATE AND SELECT THE BEST IMPLEMENTATION

3. MANAGE STANDARDS DURING IMPLEMENTATION (AND BEYOND)

Standards gap analysis

Example: New functionalities offered

44

sese.023

MT 543 to deliver out

a restricted balance

must be “enhanced”

i.e. refer to the

restriction reference.

ICP

T2S

DiCoA

MT 543

T2S will allow CSDs and NCBs to define their own restriction types.

Restriction types restrict the usage of a balance:

- blocking

- reservation

- earmarking

When a certain balance becomes restricted, T2S assigns a ‘restriction

reference’ to which all subsequent messages have to refer to.

MyStandards for T2S and CSD Communities Easy access to your market guidelines and adaptation requirements

45

ISO 15022

ISO 20022

ICP

T2S

ISO 20022

DiCoA

Use MyStandards to

manage and publish

T2S specifications

Consume the T2S

specifications in

MyStandards

Enrich, compare,

manage and publish

their internal

specifications

Consume the specs of

service providers via

MyStandards.

Use the platform to

document current

capabilities and

compare.

ISO 15022 ISO 15022E ISO 15022E ISO 20022

Bridging the gap between ISO 15022 and ISO 20022 by introducing an intermediary

layer: ISO 15022 Enhanced

Testing and Readiness to T2S Our value proposition

Coordinated testing services with SWIFT

Present at every step of the process (strategy, planning, design,

execution, quality)

In-depth expertise in T2S business and technical domains and extensive knowledge of local market practices

Using best-in-class testing management tools, in conjunction with on-boarding and community migration services

Unique integrated set of products to automate testing against T2S and CSD usage guidelines

A truly pan-European experience, supporting all market players neutrally and equally

46

Customer

resources

Test Manager

Business

&Technical

Experts

47

ISO 15022

ISO 20022

ICP

T2S

ISO 20022

DiCoA

Driven by your CSDs’/

agents’ specifications

MyStandards

Readiness Portal

for T2S

MyStandards

Readiness

Portal

Migrating to

new/ enhanced

messaging

Define scope of

Implementation

+ business scenarios

DiCoA flows with T2S

MyStandards and the Readiness Portal Simplifying T2S implementation

Alliance Access Integration Platform

Additional integration functionality

SWIFT format

Financial

Applications

SW

IFT

Net

Inte

rface

Alliance Access

FIN

Inte

rface

Applic

atio

n

Inte

rface

Message store

Alliance Access Integration Platform

Validation Transformation Enrichment

Internal API

proprietary format C

onnecto

rs

Customer application

48

Consulting Services

Integration

Platform

Alliance Access

Transformation

Transforming a

Proprietary Message…

… into a valid ISO Message…

…using customisable

translation rules…

SWIFT offering for ICPs

Summary

49

Training on T2S functionalities,

business and messaging flows

Impact assessment

Standards gap analysis

MyStandards (usage guidelines)

Testing services and readiness

Technical infrastructure review

Integration services

THANK YOU

Helping Our Community Comply With

Financial Crime Regulation Supporting material for current initiatives

Peter Haener, Risk & Compliance, UBS AG

11 March 2014

FATF 16 Information quality

Compliance Analytics

Sanctions list

Mngt service

Sanctions KYC AML

Processing

services

Traffic

analysis

Standards

Data

repositories KYC registry

AML testing &

tuning

Sanctions Screening

Sanctions Testing & tuning (transaction & client systems)

Traffic restriction (RMA)

Financial Crime Compliance Roadmap Live Development Qualification Exploration

Quality

Assurance

Client/Name screening

Sanction Screening

Sanctions screening complying with regulatory obligations

Subscriber

• A combination of best of breed:

– Filter application

– Sanctions List update service

– Operational excellence

• Centrally hosted and operated by SWIFT

• Real-time filtering service of FIN messages

• No local software installation & integration project

Your correspondents

Sanctions Screening – Customer ramp up

150 users

in 70

countries

Sanctions Screening – Roadmap

2014 2015 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4

Customer Screening tbd

Sanctions Screening

Screening of any formats (SAF) v1: Alliance Access

v2: through APIs

Lifeline v0: Mizuho v1

v2: SAF as lifeline

v2: integrated w/ Alliance lifeline

Confirmed

To be confirmed

“Classic”

Chinese lists OFAC 561 OFAC FSE

Bulk list upload, time-out extension

Tuning rules

Sanctions Testing

In a world of unprecedented complexity and

change:

• How can I be sure my screening solution protects

my institution?

• How can I demonstrate to regulators that I

understand my solution and how it mitigates risks?

• How can I make my screening solution more

effective – and more efficient?

Banks face a sanctions compliance challenge

Sanctions testing process

Define test

objective

Download test files

Process test files

Upload Hit results

View test results

Formats

Settings Lists

Choose from a

combination of

- Public List

- Your private lists

- Risk information

- Fuzzy variation

Select format:

- FIN MT (any type)

- ISO 20022

- Customer records

Download files

- Manually through

browser

- Automatically

through SFTP

Process files

through your filter

- Apply production

settings for

effectiveness

testing

- Apply alternative

settings for

efficiency tuning

Upload hits

- Export hits to

batch file

- Upload via

browser or SFTP

View results

- View, search and

drill-down results

on screen

- Create and

export reports

Automate, repeat, compare, monitor

Typically identified Sanctions Compliance

Issues

Sanctions Lists:

• Out of date sanctions lists

• Missing list entries

• Missing list entry types

• Removed / deleted records still being screened

• Language variants not being correctly screened

• Transliteration

Screening Policy:

• List scope incorrect or not aligned to bank policy

• Entity and alias types being unnecessarily screened

• Implementation inconsistencies between filters

Message Types:

• Inconsistent screening performance for different message types

• Message or file elements not being appropriately screened

• Over-reliance on specific fields (e.g. address or country) to ensure compliance

Filter Weaknesses:

• Line break, word order, sequences and other issues

• Poor performance against particular entries (short or long names, aliases)

• Character set matching issues

• Poor fuzzy matching performance

• Fails to hit regulator test-cases

Sanctions Testing Portfolio

61

• Testing

• Defined tests

• 2 systems

• Monthly tests

• App + report

Sanctions Testing

STANDARD

• Testing

• Defined tests

• 2 systems

• One-off

• Report

Sanctions Testing

ASSESSMENT

• Testing +Tuning

• Custom tests

• Group license

• Unlimited use

• App + report

Functions

Flexibility

Scope

Frequency

Deliverables

Sanctions Testing

ENTERPRISE

new new

KYC

The Context An unprecedented challenge to comply with KYC legal requirements

SWIFT

KYC

Registry

Complex and

inconsistent

requirements across

jurisdictions

Cumbersome,

repetitive and

inefficient bilateral

exchanges

Unavailability and

poor quality of

information

SWIFT KYC Registry in a nutshell Your single source of correspondent banking KYC information

Industry-owned

Well established, neutral partner renowned for driving standardised,

industry-wide solutions

SWIFT

KYC

Registry Collaborative & user-

controlled

Banks submit, maintain and selectively exchange data through the platform

Unique value-add

SWIFT Profile increases transparency through unique, factual traffic

activity report

Complete & up-to-date

SWIFT continuously verifies and validates the

quality of the data

Global

Reach of 7000+ banks active in correspondent banking, representing

over 1 million relationships

Collection of data and documents

• Structured data

• Supporting documents

• Maintenance

• Archiving and versioning

Controls • Completeness, validity, accuracy

Reporting and monitoring • Platform activity reporting and practices

• Audit trail

• Notifications of changes

Value added services • SWIFT profile

I

n s

co

pe

Ou

t of scop

e

Name screening • List screening (PEP, blacklist checking)

• Alert management or bad press

Risk scoring • SWIFT proposed risk score

• Communication on (non)-accepted counterparties

Due Diligence • Around intermediaries

Regulatory watch and market practices

• Monitoring of legal/regulatory updates

What will the SWIFT KYC Registry be in its first phase

Conte

nt

Registry Content & Controls

• Comprehensive set of data

• Directly provided by the source

• Supports multiple languages

• Electronic only

• User-controlled

• Fact-based and documented validation

• Yearly revalidation of all information

• Data quality ratings visible to all

• No judgemental or opinion-making controls

Contr

ols

Registry Content Structure

Entity summary

I. Identification of the Customer

II. Ownership and Management Structure

III. Type of Business and Client Base

IV. Compliance Information

V. Tax Information

• e.g. Legal and Business Name, Registered Address, BIC

Code

• e.g. Banking License, Certificate of Incorporation

• e.g. Form of Organisation, Beneficial

Owners

• e.g. Targeted Customers, Geographical

Markets

• e.g. USA Patriot Act Certification, Wolfsberg

Questionnaire

• e.g. FATCA status

PU

BL

IC

ON

RE

QU

ES

T

January ’14

• Formal announcement of the KYC Registry initiative

• Start of KYC Working Group

• Begin data collection with Working Group

September ’14

• Open the Registry for data contribution by a number of selected banks

December ’14

• Open the Registry for

data contribution and consultation by all banks

• Commercial launch of the Registry

Timeline The journey starts today

Bootstrap Controlled ramp-up

General availability

Compliance Analytics

70

Help Banks identify possible anomalies in their

transaction activities by

• Providing an overview of the overall context

through SWIFT total activities

• Providing a comprehensive view of a bank’s

transaction activities, across all subsidiaries,

with all their correspondents

• Helping banks analyse their transactions by

benchmarking vs SWIFT totals, vs peers

• Providing risk analysis tools/visuals and

alerting mechanisms to help detect potential

anomalies

Objective

Compliance Analytics – Leveraging SWIFT

traffic data for risk monitoring

RISK

MONITORING

• Macro views

(geography, value,

currencies, volume)

• Aggregated views of

bank’s total activities

• Benchmark vs

SWIFT totals

• Feed AML and

Sanctions risk

assessments

• Prepare country

visits

• Alerts in case

unexpected

behaviour or

activity outside of

acceptable

thresholds (e.g.

dormants, outliers,

spikes)

• Drill down to

identify reasons of

alerts

• SWIFT as a

neutral 3rd party

source

• Internal and

external

reporting

• Assurance -

reconcile volumes

and values

• Challenge

compliance with

own policies and

controls - provide

proof

• Challenge

settings of

monitoring

systems.

Value proposition

Identify and target

highest risks

Challenge own controls

Anticipate threats and

trends Report

Institution

SWIFT

71

Implementierung FundSettle ISO 20022 Projekt-Review durch SWIFT-Consulting Services

Dienstag, 11. März 2014 Coutts & Co AG, André Keller

Informationen über Coutts

Drei Jahrhunderte Fachwissen und die älteste Privatbank in UK

Coutts Fonds-Produkte

Coutts Geschichte Coutts auf einen Blick • Hauptsitz von Coutts & Co befindet sich in London

• Der Sitz von Coutts & Co AG befindet sich in Zürich

• ~ 5’000 Mitarbeitende

• ~ £ 85 Mrd. verwaltete Vermögen, Einlagen und Kredite

• ~ £ 172 Mio. Betriebsgewinn

• 1692 John Campbell, Schottischer Goldschmied und Bankier, eröffnet sein Geschäft an der Adresse ‘Strand’ in London.

• 1755 Erstmalige Erwähnung des Namens ‘Coutts’: James Coutts, Schottischer Bankier, heiratet in die Familie ‘Campbell’ ein.

• 2000 Coutts wird die internationale Private Banking-Einheit der Royal Bank of Scotland Group.

Coutts Kundenstruktur

Fussballstars

Popstars

Eigene Fonds

• Equator Investment Programmes (IR)

• Equator Investment Fonds (GB)

• Hedge Funds/Structured Funds

• Transactions/month: 73‘000

Drittfonds

• Plain Vanilla Funds

• Mutual Funds

• Hedge Funds

• Transactions/month: 86‘500

Quelle: Google

(neun Monate bis September 2013)

Coutts Multi-Asset Funds (CMAF)

A range of funds which aim to deliver attractive long-term return by investing in a broad range of asset classes such as cash, bonds, equities, commodities and property.

Business-Anforderung

Anbindung FundSettle mit ISO 20022 (…alles ‚automatisch‘ und STP…)

Xkyte

• Order Management and Trading

Avaloq

• Order Erfassung

FundSettle

Marktpartner

Redemptions

Subscriptions

Switches

Adam plc

Hong Kong

UK

Singapore

Switzerland

Monaco

Avaloq

• Auswahl Business Unit

Tran

sactio

ns

…Aufträge von Kunden

…Aufträge von Coutts Fonds-Managern

ISO 20022 ISO 15022

IT-Implementierung

FundSettle ISO 20022: Start auf grüner Wiese…mit dunklen Wolken…

Einlesen in Fachliteratur und FundSettle-Spezifikationen…

Implementierung in bestehende IT Landschaft…

Produ

ktion

Failov

er

Module/Area Module/Area Module/Area Module/Area Module/Area

Module/Area Module/Area Module/Area Module/Area

Projekt-Review durch SWIFT

Review-Umfang und Lieferobjekte

Xkyte

• Order Management and Trading

ISO 20022

Marktpartner

• Review der Business-Strategie • Sicherstellung einer ‚lift and shift‘ – Strategie

(Austauschbarkeit von Marktpartnern) • Identifizierung von Abweichungen bei den Vorgaben von FundSettle

und SWIFT-Standard

• Review von Business-Prozessen • Überprüfen der unterschiedlichen XML-Ausprägungen von Coutts-

Transaktions-Typen

• Sicherstellung Abwicklung von Spezialfällen… • …z.B. Dilution Levy, Discounts

• Review von XML-Messages

• Welche Messages werden nicht benötigt? • Vergleiche zu Markt-Standards (SMPG) • Vergleich zu lokalen Standards (SKFS)

Business Contact Martin Rettich Head of Operations Switzerland & Wealth Hub E-Mail: martin.rettich@coutts.com

IT Contact Norma Arter Head of Application Management Wealth IT E-Mail: norma.arter@coutts.com

Outlook

85

Thank you