ARC 2013 - Work session - SWIFT for Corporates


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The presentation used in the SWIFT for Corporates work sessions atr ARC 2013, 21-23 May in Gaborone, Botswana

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ARC 2013 - Work session - SWIFT for Corporates

  1. 1. ARC 2013, GaboroneDenis Kruger, SWIFTSWIFT for Corporates
  2. 2. Agenda• Why harmonization of bank communication is key• Different options to meet your needs– Connectivity– Digital signature– SWIFT beyond payments• SWIFT – more than a secure network– Automating your FX business– Reference data portfolio– Best in class consulting– Comprehensive training• SWIFT for Corporates• Let`s stay in touch
  3. 3. Why harmonization of bank communication is key
  4. 4. Corporate Treasury todayKey challenges for a corporate treasurerLiquidityFX riskAccurate Cash forecastCounterparty riskInterest rate riskGlobalizationMultiple formatsSecurityTCOExpansionLocal autonomyAudit guidelinesFast changing technologyFinancial crisisFlexibilityDocumentationReputationISO20022
  5. 5. Corporate Treasury100 treasurers surveyed about their biggest concernsInterest rate riskCounterparty riskAccurate cash forecastFX riskLiquidity0 10 20 30 40 50 60 70Source: J.P. Morgan Asset Management - Global Liquidity Investment - Survey 2011
  6. 6. Treasury processes todayManaging cash balances at multiple banks
  7. 7. Treasury processes tomorrowUsing one channel and the corporate seal
  8. 8. Different options to meet your needs
  9. 9. Cloud-based connectivityvia Alliance Lite2In-house connectivitySWIFT for CorporatesSupporting a range of bank connectivity optionsRequirements:- PC- Web browser- SubscriptiontoAlliance Lite2Requirements:- SWIFTmembership- SWIFTInterface- MiddlewareRequirements:- SWIFTmembership- SB provider- Connection to SBConnectivity via Service BureauHTTPS/VPNVPN
  10. 10. Alliance Lite2Easy, secure, cloud-based connectivity to SWIFTSWIFT Pricing:Implementationpack:10.000 EUR one-timeSubscriptionfee from:375 EUR per monthMessaging costs:Send: from 0,001 EURHighlights:- Simple Setup- Low cost- Automation- HTTPS or VPN- Corporate seal- Remote installationDetails:The monthly subscriptionfee is linked to the volume of traffic sent.HTTPS/VPNAlliance Lite2 Infrastructure hosted by SWIFT SWIFTNet
  11. 11. Connectivity via a Service BureauLeveraging the infrastructure & expertise of a bureauSWIFT Pricing:One-Time:1.275 EURAnnual recurring:2.800 EURMessaging costs:Send: from 0,001 EURplus...Svc Bureau FeesHighlights:- Easy connection- SWIFTknow-how- Minimal IT footprint- Optional services- Corporate sealDetails:The service bureau may provide value-added services beyond the standard connectivity to SWIFT.VPNService Bureau SWIFTNetEssentials Kit
  12. 12. In-house connectivity to SWIFTAccess KitSWIFT Pricing:One-Time:43.800 EURAnnual recurring:14.400 EURMessaging costs:Send: from 0,001 EURHighlights:- Maximum flexibilty- Direct connection- Independence- Multi-client capable- Corporate sealDetail:Solution based on MS-Windows platform. Supporting up to 1.000 messages perday.AccessKit SWIFTNet
  13. 13. Item Alliance Lite2 Alliance AccessOne-time fees XXX XAnnual TCO XXX XMessaging fees XXX XXXImplementation effort XXX XMaintenance effort XXX XSecurity XXX XXXAvailability XXX XXXGlobal support 24/7 XXX XXXFuture proof XXX XXXGlobal coverage XXX XXXConnectivity solutions provided by SWIFTFuture proof as well as providing security and global coverageRecommendation & SummaryThe right connectivity option depends on the structure of the companyand internal setup. SWIFToffersa start-up consultancy package to help selectthe bestconnectivity modelto meet thecorporate’s specific requirements.
  14. 14. Business Identifier Code“Corporate Seal” for authentication and signatureBIC – Business IdentifierCode:- Published in the BIC directories- Worldwide reach- Highest level of automation- Banks will execute on “Corporate Seal“ (not on personal level)CORP DE FF
  15. 15. • Multi-bank signing solution built on industry standards• Security based on latest cryptographic technology• Reduced complexity and cost by using single device and process3SKeySWIFT innovation in personal digital identity
  16. 16. Secureelectronicsignatureand strongauthenticationCost-effective re-usable credential with multiple institutionsEasy to useONE CENTRALISED SOLUTIONTokenPasswordProcessInstallationAdministration:- Signatories & entitlementsRevocation within thecorporateMultiple BanksMultiple applicationsMultiple channelsMultiple countries3SKeySWIFT innovation in personal digital identity
  17. 17. 3SKey: The global digital signature solutionOne uniform standard to sign all your transactionsBanking portalHost-2-HostUse over SWIFTElectronic bankingInternal use
  18. 18. Today’s 3SKey usage scenariosMulti-banked CorporatesA single 3SKey personaltokento reach multiple banks overSWIFTNet,proprietaryordomestic channelsUse of 3SKeytostrengthen security ininternal approvalworkflowsInternal UseReplace or enhanceproprietary solution withthe 3SKeyPKI serviceProprietary Security
  19. 19. Some of the banks supporting 3SKey******** Local licence only***
  20. 20. SWIFT for CorporatesSWIFT beyond paymentsBusiness area Description Details MessagesPayments High-value & bulkpaymentsLocal formats and FINMT formatsFIN MT101FileActfor all formatse.g. ISO20022,DTABank AccountReporting Intraday and end-of-daystatementsAccountstatementsavailable in MT orISO20022 formatFIN MT9xxFileActfor all formatslike ISO20022Bank AccountManagementAccount-opening,account-closing andreportingElectronic managementwith ISO20022FileActand ISO20022Exceptions &InvestigationsProcessing ofinvestigationsSTP and efficientprocessesFileActand ISO20022Trade Finance LCs,Guarantees One message forallneedsFIN MT798 and/orFileActForeignexchange deals Deal Confirmations Optional Matching FIN MT3xxSecurities Orders,Corporateactions…All processes coveredwith FIN messagesFIN MT5xx
  21. 21. SWIFT – more than a secure network
  22. 22. SWIFTNetworkSWIFT for CorporatesAutomating your FX businessFX System& Accord GUISWIFTInterface
  23. 23. SWIFTNetwork &Accord matching engineAutomating your FX businessCentral confirmation matching service via SWIFT AccordFX System& Accord GUISWIFTInterface
  24. 24. ISOSSISSIsort c.SWIFTBAEPC EBASSIISOSSIsortc.EBASSISSISWIFTEPCBAToday you need toworry about maintainingpayments referencedata from differentsources.Tomorrow, withSWIFTRef,you can get theconsolidated datathrough a channel ofyour choice, updateddaily, fully andautomatically.SWIFTRefThe global reference data utilityBefore With
  25. 25. Admin & SupportImplementationSolution DesignBest in class consultingWe can support every step of your projectStrategyMiddleware- Integartion- Centralised vs. LocalimplementationStructureSWIFTInterfaceFormatsRegional/ISO20022Formats incl. DataMapping &TransformationTrainingPremium Supportand administration of the SWIFT infrastructureSWIFTConnectivity- In-house connection- Shared connection- Alliance Lite2AnalysisHealth-check/TechnicalAudit of SWIFTinfrastructureCommunicationChannelsTCO Back-office Systems
  26. 26. Comprehensive training provided by SWIFTAll aspects of SWIFT coveredOpen classroomtrainingSWIFT eTrainingIn-house trainingTwo separate training courses dedicated for Corporates:SWIFT for Corporates- Basic training covering how SWIFT can be used by corporatesCash & Treasury Management for Corporates — using FIN messages- Covering the implementation of FIN standards to provide efficiencyThe self-study packages contain voice-over, interactive animations andexercises and can be made available to all staff within your institution.With SWIFT eTraining, you can learn anywhere and at any time to suit you.On-site training provides a personalised training session delivered by ourinstructor at your premises. Depending on the topics you are interested in,the type of training you are looking for as well as the time available , we canbuild a customised training course especially for you.As this course is delivered by one of our instructors at your offices, you canavoid incurring travel expenses for your staff.
  27. 27. SWIFT for Corporates
  28. 28. NumberofcorporatesCorporates on SWIFTWhere do we stand today?0200400600800100012002007 2008 2009 2010 2011 2012Centralising forover 30,000 subsidiaries
  29. 29. SWIFT for CorporatesProviding a truly global multi-banking solutionBanks exchanging live traffic viaSWIFT Corporate Access in AME:208Banks exchanging live traffic viaSWIFT Corporate Access in EMEA:988Banks exchanging live traffic viaSWIFT Corporate Access in APAC:304
  30. 30. SWIFT for CorporatesProviding a truly global multi-banking solutionMore than 2,000 Banks including:Bank of ChinaBarclays BankBayerische LandesbankBNP ParibasChina Construction BankCitibankCommerzbankCredit SuisseDanske BankDeutsche BankDeutsche PostbankDnB NOR BankErste Bank der Österreichischen SparkassenHSBC BankJPMorgan Chase BankLandesbank Baden-WürttembergNordea BankSociete GeneraleStandard Bank of South AfricaSvenska HandelsbankenThe Bank of New YorkUBSUnicreditWestdeutsche Landesbank
  31. 31. Let‘s stay in touch
  32. 32. For more information
  33. 33. Follow us:: SWIFT4TreasurerAlso subscribe to our regular newsletter for Corporates on!
  34. 34. Your