swift essentials alex bagin, senior account director, mena

SWIFT Essentials

Alex Bagin, Senior Account Director, Mena

2

Accord Matching Workers’ Remittances Business Intelligence Corporate Access 3SKey Sanctions Lite 2 SWIFTRef data Support packages SWIFT Consultancy Services Dubai Hub Training/ Certification SWIFT Innotribe

SWIFT Essentials 2012

The products and services you will be able to explore during this conference

SWIFT Essentials 2012 3

Global and regional networking

Security, Standards,

Liability, Resilience,

Availability, Reach

210 Countries

10,060 live users- Latest peak day: 19,992,265 messages on 1 December 2011

SWIFT FIN message availability 99,997%

4SWIFT Essentials 2012

SWIFTCommunity

Key principles - Eligibility criteria

SWIFTCommunity

Members Non shareholding Members

Sub-members

Brokers & Dealers

Central Depositories& clearing Institutions

Subsidiary Providers of custody & Nominee Services

Recognised Exchangesfor Securities & relatedfinancial Instruments

Fund Administrators

IMI’s

Money Brokers

Non shareholding Financial Inst.

Trading Institutions

Registrar & Transfer Agents

Trust or Fiduciary Services Companies

Representative Offices

Travellers Cheque Issuers

Securities Proxy voting Agencies

Treasury ETC Service Providers

Securities Electronice TradeConfirmation Service Providers

Securities Market Data Providers

Financial Market Regulators

Treasury Counterparties

Corporates

Participants in MA-CUGs

Payments System Participants

Securities System Participants

Supervised Financial Institutions

Non-Supervised Entitiesactive in the financial industry

Closed User Groups / Corporates

CREST Participants

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Traffic Distribution Feb 2012


7

-50% 2006-2010

-20% 2011

SWIFT2011 in review

SWIFT Lowering the costs

15% rebate 2012

9

Standards

Messaging

Connectivity

So

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Applications

Trade services

Partners

Training

Consulting Services

ISO15022 ISO2022

MY Standards

FIN - MX

Workers remittances

Corporate connectivity

Bulk Payments

RTGS

Sanctions

3Skey

BIAccordConnect Bronze

Connect silver

Connect Gold

Fileact

FIN

MX

Browse

Interact

SWIFT Portfolio

SNL

Accord Subscribers (>450 in 70 countries) • Banks• Brokers • Custodians• Fund mgrs • Corporates…

Accordsubscriber ornon- subscriber

• Real-time reporting & exception handling

• Integration available for various Back-Office Systems

Deal

Accord for TreasurySingle-slide overview

Confirmations: (MT 300,305,306,320,

330,340,341,360, 361,362,392)

Accord• Real-time Confirmation Matching Service • Availability of >99.97% last 5 years• >90K msgs/hour observed matching capacity• Common matching rules + user-defined rules• Financial Liability for Matching results

Copies ofconfirmations

SWIFT


Applications

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Standards

Messaging

Connectivity

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vice


Applications


It will help customers to:

browse and search MT and MX message definitions

collaborate with counterparties by creating and sharing usage guidelines

compare usage guidelines set by market practitioners

analyse the impact of versions on message definitions and usage guidelines

generate (customised) documentation and processable outputs.

MyStandards is complementary to the Standards Developer Kit (SDK).

Standards

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Standards

Messaging

Connectivity

So

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vice


Applications

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Alliance Lite and Lite2

Simple solutionAlso available for DR site

Internet

Direct connection

Global corporate (25+bn turnover)

Millions payments/yearManage your own SWIFT connection

Indirect connection

Very large corporate (1–25 bn turnover)

Hundred thousands payments/yearOutsource SWIFT connection Service bureau or

Member/Concentrator

VPN

Internetor VPN

Web server

Work flow

SWIFTAlliance

SWIFT

Network partners

VPN

Connectivity options, adapted to your needs

VPN

Connectivity

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Standards

Messaging

Connectivity

So

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Ser

vice


Applications


Messaging

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Standards

Messaging

Connectivity

So

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s

Ser

vice


Applications


Service

Support

- Standard- Standard Plus- Premium- Premium Plus- Premium Custom


Payments• Cash reconciliation• Payments STP• Exceptions and investigations• Market Infrastructure connectivity• Corporate access• SEPA

Securities• Corporate Actions• Funds processing• Custodian / sub-custodian • Customer connectivity• Wealth management• Support of ISO 20022

Other areas• Trade Finance• MT to MX migration• Competitive Analysis

Infrastructure• Capacity• Resilience• XML and web services support• Proprietary connectivity displacement• Middleware layer • Hubbing

Treasury• Foreign exchange• Money market• Derivatives• Syndicated loans• Collateral management

• Adoption of ISO standards• SWIFT Organizational Alignment• Market practice

Consultancy Service Domains we coverService

SWIFT integration - Customer challenges

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SWIFTNet

Business Applications

SWIFTinterface

Messageflows

TechnicalAdapters

Data Formats

BusinessProcesses

Where do I find the knowledge to do this?

Consulting servicesService


Dubai Technical Consultancy Hub

• Success story in MENA, many consultancy projects delivered in 2010 -2011

• Centre of Technical expertise

• Go Local


Service

SWIFT Training – anywhere, any time

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SWIFT eTraining

Web class

On-site training

Classroom coursesSWIFT Essentials 2012

Service

Security Officer

SWIFT for Corporates Specialist

Alliance Operator

Alliance Administrator

Using SWIFT Certification Programme

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Knowledge test on SWIFT topics

Formal certificate upon successful completion of an exam


Service

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Standards

Messaging

Connectivity

So

luti

on

s

Ser

vice


Applications

• On-demand analysis of data via SWIFT.com • Monthly data updates including customer data and SWIFT totals

Watch Portfolio - AnalysersOnline insights into your business

Traffic Analyser – including your market share and all correspondents

Message Cost Analyser – helping you with cost allocation, savings & forecasting

Billing Analyser – defining your total cost of ownership in SWIFT

Market Analyser – providing insights into market trends

Value Analyser – providing insights into amount& currency information

Solutions


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Corporate

SWIFTNet

Accountspayable

Accountsreceivable

Treasury

Other

Single gateway

“SWIFT for Corporates”

Corporate

e-banking Y

host to host X

e-banking Z

VAN

Internet

Leased line

Accountspayable

Accountsreceivable

Treasury

Other

Multiple bank channels Standardised gateway

– High cost– Low security– Manual input

– Global visibility on cash– Lower cost– Increased control and security– Reduced risk

Solutions


The 3SKey solution

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John

John = 45678 John = 45678

3 4

Token associated (registered) with several banks

(3) (4)

2

User activates the token on 3SKey portal(2)

Operates PKI and portal, issues certificates

Activates token, associates with bank, signs

Distributes token, associates user, verifies signatures

5

CRLcheckToken used to sign messages – bank

verifies signature and revocation status(5)(6)

6

(1a+b)

1a

1a

Corporate user obtains an inactive token from a bank


Solutions

Sibos

29 Oct. to 2 Nov. 2012, Osaka

16 to 20 September, 2013, Dubai



Q & A

Shoukran

swift essentials alex bagin, senior account director, mena

Documents

conference swift essentials

swift middle east conference

swift fin message availability

core business

business environment

swift2010 strategy

core competences

senior account director