MyStandardsBetter standards management for thecommunitySWIFT Africa Conference
Provide Usage GuidelinesSet and follow Market PracticeProvide Usage Guidelines to keycustomers (corporates)Standards Management4Manage standardsover different areasin the organisationManage ReleasesUnderstand and implement MarketInfrastructure specifications
How to capture and maintainthe usage guidelines ?Market practices – the challenges5CustomerPeerMemberHow to shareinformation withmy customers?How to managereleases?Do I need toplough throughendlessdocuments?Where can I findthe latest version ofspecifications – aswell as the latestbase standards?How can Iaccelerateimplementation?How to ensurecompliance withmy guidelines?
6MyStandardsUnderstand and find allspecifications on-lineusing a single channelFormalize and acceleratecreation and maintenanceof guidelinesShare usage guidelines usinga single channelAutomate release andguidelines analysisReceive customized andconsistentdocumentation for allspecificationsEfficientlyimplement specifications(schema’s)Improve customer serviceIncrease internal efficiencyFacilitate complianceof usage guidelinesCustomerPeerMemberMarket practices – the solutionIncrease internal efficiency
MyStandards how does it work ?7www.swift.com/mystandardsImplementPublishBrowseIndividual consumersPremium Licence OwnerPublishAnalyseCapture guidelinesCollaborateBrowseMI FI MPG
Reduce effort and time toanalyse releasesConsult and analyse guidelinesAutomate implementation ofguidelines and standardsManaging releases and analysing guidelines8IncreasinginternalefficiencySave cost and timeReduce riskImprove qualityEnhance collaboration
Easy for customersto access informationEasy to maintainyour guidelinesEasy to stay aligned withindustry guidelinesEnhancing customer service9EnhancingcustomercommunicationSave cost and timeReduce riskImprove qualityEnhance collaboration
Benefits of MyStandardsEfficiencyGainsSpeed analysis and maintenance tasksFacilitate cross-team and cross entity interactionsSpeed implementation timeQuality : reduce errors and eliminate reworkEliminate duplicate process, tasks, and toolsBusinessEnablementMake your products easier to consumeLower the total cost of consuming your servicesSpeed time to revenuesMaintain the link with your clients and your marketEnhance customer experience10
Current Users - MPG• SADC Southern African MPG• MPG ABI LAB• CMPG Russian Corporates• NMPG RU SR CA• BSK• MNPG SE IF• MNPG GB IF• MPG ISITC• NMPG HU Payment MSE• NMPG DK IF• NMPG BR IF• NMPG AU IF• MDPUG (Market Data Providers User Group)• NMPG NO IF• NMPG UK IE CA• NMPG IT IF• NMPG TH ETDA• SMPG
Premium customersFinancialinstitutionsMarketinfrastructuresMarketpracticegroupsSWIFT forcorporates (CGI and SCORE)FundsMPGs
Available licenses13Content and basic featuresAnalyticalframeworkPDF generationCollaborationMT/MX/ISO 20022Public &shared usageguidelinesAdvanced featuresCapture &maintainguidelinesBrowsingExcel &schemagenerationPremiumserviceBasicservice
swiftrefSWIFT Africa Conferenceswiftref@swift.comMovie
ContextISOSSIEBAIBANSWIFT BICEPCT2LicencedBanksMT094sSWIFTRefAll the reference data you needWorldwide, Accurate, Up-to-date, Any time and from a Singlesource!BankersAccuityNat IDs -local ACHs
Authorised/official data sourcesSWIFTRefSSI SEPA IBANBankfinancials& ratingsCountryeconomicsIBANformatBICPAK PAK PAKISO 9362ISO 13616Direct updates as ISO registrarData updates via your PAK(online tool)Updates via FTP to SWIFTRefFITCH TheEconomistNationalcodesNationalcodesNationalcodesSWIFTRef datacollection team& Data HelpdeskCentral banks & bankingassociationsBespoke updates to SWIFTRefComSysFilesWebFinancial InstitutionsLEI
SWIFTRef – Value propositionwhich product to do what?Bank data build your Master BankDatabase identify Financial Institutions find or cross-referenceidentifiers validate bank details understand bank hierarchyIBAN/SEPA data validate IBANs and BIC codes find BICs from IBANs find the best routing path for abeneficiary bank find the intermediary banks find the adherence to SCT,SDD-B, SDD-C schemesSSI data find the correspondent bank find the intermediary bank commercial payments, FX, MMBankers World Online (online tool) look-up all the data contained in SWIFTRef… and more (i.e. correspondent banking data)Payments Plus (XML data feeds or TXT files)Bank Directory Plus(file)SSI Plus (file)IBAN/SEPA Plus (file)
Old versus new servicesOld file services New file servicesBIC Archive new!BIC Directory (No change) BIC DirectoryBICPlusIBAN Directory (end 2013) Bank Directory Plus new!IBAN Plus new!SEPA Routing Directory (end 2013) SEPA Plus new!SSI Directory (end 2012) SSI Retail new!SSI Wholesale new!SSI Plus new!CCH (No change) CCHPayments PlusOld manual web query tools New manual web query toolsBIC Directory Online new!Online Directories (end 2012) Bankers World Online new!MT094 Online new!Old services New servicesSSI Diagnostics (No change) SSI DiagnosticsSWIFTRef help desk new!Daily Automation new!
New format and delivery optionsDailyFileActDaily filesMonthlyAutomation (API)1 April 1 JulyDailyAutomation (API)XML formatXML filesvia FileAct
3. Bankers World Online27• Domestic account number to IBAN conversion• New National Codes• Improved financial overviews; bank and country rankings• IBAN account number structures for all IBAN countries• Information of a user group for active users for continuousproduct improvementFuture Improvements – Planned 01 Sept
Bankers World Online28• Shareholder data• Improved intelligence:• User guide on all national codes (eg what is a RIB, CNAP code etc….)• Overview of regulators and central banks, with a link to their website• Account number structure(s)• Integration of SWIFTNet data (e.g. corporates using FileActonly, SWIFTNet service codes)• Local names for countriesFuture Improvements – In investigation
Upgrade programBICPlusIBANDirectorySEPARoutingDirectoryBankDirectoryPlusIBANPlusSEPAPlusJan 2012 Dec 2013
Questions before you migrate• Which SWIFT products do we have today?• Which data do we use today?• Which additional data from SWIFTRef could Itake advantage of?• In which new products are these data?• In which formats do I want to receive them?• With which frequency?• Through which channel?
SupportContactssupport@swift.com first line, old firstname.lastname@example.org product & price email@example.com data content, data firstname.lastname@example.org upgrades
Material & tools available• Web site www.swift.com/swiftref• Factsheets, Tech Specs, Sample files (public)• Free trial of all Web Query Tools (can be directlyrequested from web site)• Movie