SWIFT For Corporates Market Adoption Report For Q3 2015

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SWIFTMulti-bank services for Corporates and BanksOctober 2018

Legal notices:COPYRIGHT SWIFT 2018 - All rights reserved.You may copy this document within your organisation. Any such copy must include these legal notices.CONFIDENTIALITYThis document contains SWIFT or third-party confidential information.Do not disclose this document, in whole or in part, outside your organisation without the prior writtenconsent of SWIFT.TRADEMARKSSWIFT is the trade name of S.W.I.F.T. SCRL. The SWIFT logo is a registered trademark of SWIFT.DISCLAIMERThe information provided in this document is for information purposes only, “AS IS” and withoutrepresentation or warranty of any type. The user of such information is solely responsible for any decisionor action taken based upon this document. SWIFT disclaims all responsibility and liability in connectionwith use of this document.Confidential & Proprietary2

About SWIFTConfidential & Proprietary3

About SWIFT – We are not Confidential & Proprietary4

What we are – SWIFT is an Industry owned, not-for-profit, financial servicesutilityCo-operativeorganizationservingthe financialindustryProvider ofhighly zationorganization5

Current status Corporates segment – Q1 2018In FiguresA growing community since first inception in 19991,895 100,000 48%Corporate BICs onSWIFT networkCorporate LegalEntities served*Global Fortune 500companies on SWIFT40% 28%Less than USD 1billion turnoverLess than USD 0.5billion turnoverQ1 2018 highlights59Corporates joinedSWIFT in Q1 2018Confidential & Proprietary62%Of corporates that joined in2018 went for SWIFTCloud906Corporates used ISO 20022formatted messages19Of Top25 SCOREbanks support 3SKey* Estimate - based on 1,895 centralised corporate treasury , shared service centre or payment-factory BICs6

Corporate Use CasesConfidential & Proprietary7

What are your pain points? Why join SWIFT now?Challenges Multitude of connections, systems toutilize, maintain, audit, control Lack of centralized visibility to global cashpositions Lack of straight-through processing onpayments Inefficient and error-prone manualprocesses CorporateSystems / data security and resiliencyconcernsConfidential & Proprietary8

Corporate connectivityPer quarterNumber of Corporates joining SWIFTGrowth, 9.25% YoY1040Q11090Q21161Q32014Confidential & 4Q1201720189

Corporate connectivityPer number of banking partnersConfidential & Proprietary10

SWIFT Connectivity – a solution to your problemTreasuryTradeSWIFT HubERP1ERP2Benefits 1 connection facilitates all comm’s with 9,000 banks across 215 countries Leverage across Treasury, investment management, trade, and A/P Connect all back-office systems to a single hub for connectivity to all banks Reduce Internal application projects with format- agnostic solution (integration module) Highest degree of security and resiliency in global financial communicationsConfidential & Proprietary11

SWIFT Connectivity – a solution for cost savings and security

Automated Global cash visibility Straight-through-processingSWIFT for TreasuryCash Balance Reporting (inbound)FIN End-of-Day Statement (MT940) Intra-day Statement (MT942) Credit/Debit Confirm (MT900/910)FileAct ISO20022 / XML (camt) Any format (BAI2, CSV, etc.)TMSCorporateSWIFT HubERP1Payments (outbound)FIN Credit Instruction (MT101) Typically high value wireConfidential & ProprietaryFileAct ISO20022 / XML (pain) Any format (iDOC, CSV, etc.) Typically low value13

Confidential & Proprietary14

Four options for connecting to SWIFT1. SWIFT CLOUDCONNECTIVITYLight-weight SWIFTconnectivityAllianceLite2Bank AYOURBIC82. “SWIFT INSIDE”a BUSINESSAPPLICATIONSWIFT accessthrough third-partybusiness applicationsBusinessApplicationAllianceLite2Lite2 for BusinessApplicationsBank BCorporate3 llianceAccessBIC 4. ON PREMISESPowerful tailoredsolutionBank CAllianceAccess15

Secure Financial Connectivity – Messages for Corporate TreasuryPortfolio of Industry Standards supporting your various business flows*Business areaDescriptionSWIFT solutionPaymentsHigh-value & bulk paymentsMT 101ISO 20022 painCash ManagementIntraday and end-of-day statementsMT 9xx, MT 210ISO 20022 camtForeign exchangeDeal confirmationsMT 3xxMulti Asset ClassMatchingFX/MM, Derivatives, Commodities, SecuritiesMatching on Accord & AffirmationsMT 3xx, MT 5xx, MT 6xxTrade FinanceLetters of Credit, Demand GuaranteesMT 798ISO 20022 tsrvSupply ChainFinance BPO based services (risk mitigation, pre/post-shipment financing,faster payment) Approved payables financing (proprietary)ISO 20022 tsmt on Trade Services UtilityAll file formatsRegulatoryrequirementsTrade reporting, clearing and collateral management (EMIR/DoddFrank)MT 300All file formatseStatementsElectronic end-of-period statementsAll file formats e.g. PDFeBAMAccount (opening, closing) and mandate management (signatories, userentitlements)ISO 20022 acmtAll file formats e.g. PDF, Confidential & Proprietary16

Reference DataNational BankSort codesFinancial institutionsStandard SettlementInstructions, IBANand SEPA dataCNAPS-codes, IFSCcodes, CHIPS codes,Central banks,Banking associationsIBAN format (ISO13616)BIC (ISO9362)LEI (ISO17442)Financial informationprovidersLocal Operating UnitsLegal EntityIdentifiers (LEI)Credit ratings,annual reports,regulation & sanctions dataAll the reference data corporates needWorldwide, Accurate, Up-to-date, Any time andfrom a Single sourceConfidential & Proprietary17

Reference Data (does not require SWIFT connectivity)Bank Directory (BD ): Names and addresses BIC codes (200 countries) National IDs (incl. ABA) CHIPS, TARGET and EBA data Payment systems routing data Country, currency and holiday data Hierarchy information Local language BIC to LEI mappingIBAN Plus Directory (IBAN ): IBAN structure details by country IBAN validation / BIC from IBAN National codes for IBANsStanding Settlement Instructions (SSI ): Correspondent bank by currencyConfidential & Proprietary18

SWIFT 2020Confidential & Proprietary19

SWIFT 2020Innovation GPIRegulation Financial Crime ComplianceCyberSecurity Customer Security Program20

Spotlight on cross-border payment challengesMartin SchlageterHead of Treasury OperationsRochePeter Claus-LandiDirector banking initiativesGeneral ElectricBrooke TiltonVice President, Treasury OperationsViacomMichel VerholenDirector, Global Treasury CenterZoetisSpeedTransparencyTrackingRemittance information“Critical businessrequires faster paymentexecution”“Many times we don’thave visibility on the feeslifted along the way”“I’m not able to tell when themoney hits the beneficiary’sbank account”“We miss information regardingthe invoice and the payerfor timely reconciliation”21

Enhancing customer experience by delivering a new standard in cross-border payments“Yesterday” “Today” Traditional correspondentbankingSWIFT global paymentsinnovation (gpi)Slow, can take multiple days Faster, same day* use offundsNo transparency on costs Transparency of feesNo transparency on time End-to-end payments trackingNo confirmation of credit Remittance informationtransferred unaltered(*) within the timezone of the receiving gpi member22

Global Payments Innovation (GPI)Innovation23

Key features:The SWIFT gpi TrackerFunctionEnd-to-end payments trackingdatabase to monitor progress ofa gpi paymentTransparency of totalfees and time“One-glance”status overviewUnique, end-end trackingnumberTrack path, inreal timeBenefitsAllowing to track a payment’spath in real time, obtaintransparency on deducts andconfirmation that paymentwas creditedDetails of banksalong the chainAvailabilityMT 199 / API: Today Central payments database, hosted at SWIFT Updated via MT199 or API Data consumption via GUI, via MT199 (push) or via API (pull)24

Unparalleled growth in adoption, traffic and corridorsVery largecommunityMillions livepaymentsDeliveringreal value230 200 banks committed to implement,49 top 50 banks signedcountries covered73banks live35 top 50 banks80 %SWIFT cross-border paymentsrepresented700 80 Mio 30 %country corridorspayments sent as gpi since golive 500K payments/daycross-border MT103sent as gpi Over 50% of SWIFT gpi payments are credited to end beneficiarieswithin 30 minutes More than 100 billion USD are being sent daily via gpi Save costs with quicker investigations handling and a significantlyreduced number of enquiries Positive reactions from corporates25

73 banks are live, with more than 140 banks in the implementation phase73gpi banks liveNordea BankDanske BankDNB BankRoyal Bank of CanadaCanadian Imperial Bank of CommerceAssociated Foreign ExchangeWellsFargoBank of NewYork MellonCitiJPMorgan ChaseBank of America Merrill LynchAlfa-Bank State Savings Bank of UkraineSEBE.SUN Commercial Bank ICICI BankEburyChina Guangfa BankBarclaysShanghai PudongChina Minsheng BankRabobankABN AMRO BankDevelopment Bank China Merchants BankTurkiye GarantiCommerzbankBNP ParibasHSBCBankasiBank of Communications Ping An BankNational Bank ofRaiffeisenBankBank of Jiangsu Shinan BankKBC BankBank of ChinaKuwaitInternationalNatixisChina Zheshang BankAl Baraka BankChina Construction BankDeutsche BankBank of HangzhouICBCBank al EthiadChina CITIC Bank Sumitomo MitsuiCrédit Mutuel-CIC Société GénéraleCommercial Bank CTBC BankBanking CorporationUniCreditBBVAof KuwaitSiam Commercial BankIntesa SanpaoloNationalKB Kookmin BankVietcombankBanco SantanderOCBCCommercial BankMUFG BankBangkok BankMashreqDBS BankBank Standard CharteredINGFirstRandABSA BankNedbank Standard BankNational Australia BankWestpacANZCommonwealth Bank of Australia

SWIFT Financial Crime Compliance PortfolioKYCSanctionsOne global source forfinding and managingKYC information forcorrespondent bankingHosted solutions forcost-effectivecompliance withsanctions regulationsincluding a level ofquality assuranceAnalytics andAMLEnhancedunderstanding &management of financialcrime-related risk27

RegulationName ScreeningName Screening (NSS)What is it? A hosted, flexible filter suite, expertlist management and ongoing qualityassurance, with all the simplicity of using asearch engine.Benefits Full audit trail and advanced alert management Automated batch screening of entire databases Fast online lookup tool Centrally hosted lists managed by SWIFT User-defined screening configurations andadvanced customization Secure, SWIFT-hosted online application28

Introducing SWIFT’s Name Screening ServiceSingle name & BatchScreening Simply screen databases ofindividuals & companies Built-in Workflow, AuditUnderstand The Risk:SanctionsSanctions Ownership ResearchPolitically Exposed PersonsRelatives & Close AssociatesIn partnership with:

CSP Cyber attacks are evolving 'Arms-Race' as New Technologies Mature – ArtificialIntelligence and Machine Learning Concentration Risk from a few Dominate VendorsAb(use) ofNewTechnology Intense DDoSAttacks Rise inRansomware Evolving Zero-Day(APTs) AdvancedPersistent Threats AdvancedUndetectableMalware Industry Reliance on the Cloud Endless hreatLandscapeTheWeakestLink Rise in InsiderThreats Race to Closethe Gaps Deep SkillsShortage Larger DataBreaches Targeting of CriticalInfrastructureNewRegulation Wide Reaching Impact of New Regulation – e.g.GDPR and NIS Directive - Fines for PII Breaches

Cyber SecurityCustomer Security Program (CSP)AttestationConsumptionLast attestation: 2017Important for 2018 Re-attestation must be completed by 12/31/18. Set up granter and requester roles.See your counterparties’ attestations.No changes to the security controls.SWIFT non-attested institutions list will bedisclosed to regulators and counterparties.SWIFT Infrastructure Security Review courses are now available.31

s:Security Best Practicesand RecommendationsCertificationProgramsSWIFT offers severaleducation and trainingsolutions, includingSWIFTSmart,CertificationPrograms, andTailored Learningsolutions.TailoredLearning32

Updated via MT199 or API Data consumption via GUI, via MT199 (push) or via API (pull) . Deutsche Bank Commonwealth Bank of Australia Danske Bank Mashreq DBS Bank Bank Sumitomo Mitsui Banking Corporation ABSA Bank Crédit Mutuel-CIC Bank al EthiadSociété Générale Natixis China BNP Paribas Nedbank Wells Fargo Standard Bank Bank of .

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