ARC 2014 SWIFTref

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ARC 2014 SWIFTref

  1. 1. SWIFTRef update Visit us at www.swift.com/swiftref Pieter Apers, SWIFT June 2014 African Regional Conference, Marrakech
  2. 2. SWIFTRef - purpose SWIFTNet for connectivity SWIFT/ISO standards for the format SWIFTRef for identification & routing MT103 reference data Efficient and secure messaging + + =
  3. 3. SWIFTRef – the utility Beneficary’s BIC Beneficiary’s acc.nb Intermediary BIC Intermed. acc. nb Intermed. bank code Payment system X FIN service Y ....... ISO SSI SSI sort c. SWIFT BA EPC EBA SSI Beneficary’s BIC Beneficiary’s acc.nb Intermediary BIC Intermed. acc. nb Intermed. bank code Payment system X FIN service Y ....... ISO SSIsort c. EBA SSI SSI SWIFT EPC BA Before You maintain the data Now SWIFTRef Utility Yesterday you needed to worry about maintaining payments reference data from different sources. Today, with SWIFTRef utility, get consolidated data through a single channel 3
  4. 4. Where is SWIFTRef data used Payments and treasury transactions • Automated (integration capabilities!) and manual processing • Standing settlement instructions Securities entity identification • BIC, LEI Correspondent due diligence and risk management • Cross-referencing of identifiers • Financial information • Hierarchy and ownership Compliance and Regulatory Reporting • SEPA, MiFID (FSA), LEI, FATCA, KYC, … Cost Risk Compliance 4
  5. 5. 5
  6. 6. 6 Name: George Amount: 100 USD Account: 5000002096 Bank: LANDESBANK HESSEN-THU BLZ: 508 500 49 BIC: HELADEFF508 payment
  7. 7. 7 Name: George Amount: 100 USD Account: 5000002096 Bank: LANDESBANK HESSEN-THU BLZ: 508 500 49 BIC: HELADEFF508
  8. 8. 8 BIC HELADEFF508 NATIONAL ID 50850049 CHIPS ID 014079 LEI 549300JJGF1MHHWUAW70 Name & Address LANDESBANK HESSEN-THU Bank Details Name: George Amount: 100 USD Account: 5000002096 Bank: LANDESBANK HESSEN-THU BLZ: 508 500 49 BIC: HELADEFF508
  9. 9. 9 BIC HELADEFF508 NATIONAL ID 50850049 CHIPS ID 014079 LEI 549300JJGF1MHHWUAW70 Name & Address LANDESBANK HESSEN-THU Hierarchy Bank Directory Plus Bank Details
  10. 10. 10 BIC HELADEFF508 NATIONAL ID 50850049 CHIPS ID 014079 LEI 549300JJGF1MHHWUAW70 Name & Address LANDESBANK HESSEN-THU Correspondent Banking Payments Hierarchy Payer In CA Bank Directory Plus Bank Details International payment Name: George Amount: 100 USD Account: 5000002096 Bank: LANDESBANK HESSEN-THU BIC: HELADEFF508 VIA: CITIUS33XXX USD
  11. 11. 11 BIC HELADEFF508 NATIONAL ID 50850049 CHIPS ID 014079 LEI 549300JJGF1MHHWUAW70 Name & Address LANDESBANK HESSEN-THU Correspondent Banking Payments Hierarchy Payer In CA Bank Directory Plus Bank Details International payment Name: George Amount: 100 USD Account: 5000002096 Bank: LANDESBANK HESSEN-THU BIC: HELADEFF508 VIA: CITIUS33XXX USD
  12. 12. PAYMENT TYPE COPA CURRENCY USD 12 BIC HELADEFF508 NATIONAL ID 50850049 CHIPS ID 014079 LEI 549300JJGF1MHHWUAW70 Name & Address LANDESBANK HESSEN-THU CORRESPONDENT CITIUS33XXX Correspondent Banking Payments Hierarchy Payer In CA Bank Directory Plus Bank Details International payment Name: George Amount: 100 USD Account: 5000002096 Bank: LANDESBANK HESSEN-THU BIC: HELADEFF508 VIA: CITIUS33XXX
  13. 13. 13 BIC HELADEFF508 NATIONAL ID 50850049 CHIPS ID 014079 LEI 549300JJGF1MHHWUAW70 Name & Address LANDESBANK HESSEN-THU Correspondent Banking Payments Hierarchy Bank Directory Plus Bank Details PAYMENT TYPE COPA CURRENCY USD CORRESPONDENT CITIUS33XXX SSI Plus
  14. 14. 14 BIC HELADEFF508 NATIONAL ID 50850049 CHIPS ID 014079 LEI 549300JJGF1MHHWUAW70 Name & Address LANDESBANK HESSEN-THU Correspondent Banking Payments Domestic Payments High Value Payments Hierarchy Bank Directory Plus Bank Details PAYMENT TYPE COPA CURRENCY USD CORRESPONDENT CITIUS33XXX SSI Plus Name: George Amount: 100 CHF Account: 5000002096 Bank: LANDESBANK HESSEN-THU CH BC: 89034 Via system: SIC Payer In CH domestic payment Clearing & Settlement Service
  15. 15. 15 BIC HELADEFF508 NATIONAL ID 50850049 CHIPS ID 014079 CURRENCY CHF SERVICE ID SIC LEI 549300JJGF1MHHWUAW70 Name & Address LANDESBANK HESSEN-THU Correspondent Banking Payments Domestic Payments High Value Payments Hierarchy Bank Directory Plus Bank Details PAYMENT TYPE COPA CURRENCY USD CORRESPONDENT CITIUS33XXX SSI Plus Name: George Amount: 100 CHF Account: 5000002096 Bank: LANDESBANK HESSEN-THU CH BC: 89034 Via system: SIC PARTICIPANT ID 89034 INTERMEDIARY ID 20046 Payer In CH domestic payment
  16. 16. 16 BIC HELADEFF508 NATIONAL ID 50850049 CHIPS ID 014079 INTERMEDIARY ID - CURRENCY CHZ SERVICE ID SIC LEI 549300JJGF1MHHWUAW70 Name & Address LANDESBANK HESSEN-THU Correspondent Banking Payments Domestic Payments High Value Payments Hierarchy Service Directory Bank Directory Plus Bank Details PAYMENT TYPE COPA CURRENCY USD CORRESPONDENT CITIUS33XXX SSI Plus PARTICIPANT ID 89034
  17. 17. 17 BIC HELADEFF508 NATIONAL ID 50850049 CHIPS ID 014079 INTERMEDIARY ID - CURRENCY CHZ SERVICE ID SIC LEI 549300JJGF1MHHWUAW70 Name & Address LANDESBANK HESSEN-THU Correspondent Banking Payments Domestic Payments High Value Payments Hierarchy Service Directory Bank Directory Plus Bank Details Name: George Amount: 100 EUR IBAN: DE95 5005 0000 5000 0020 96 BIC: HELADEFF PAYMENT TYPE COPA CURRENCY USD CORRESPONDENT CITIUS33XXX SSI Plus PARTICIPANT ID 89034 SEPA payment
  18. 18. 18 BIC HELADEFF508 NATIONAL ID 50850049 CHIPS ID 014079 INTERMEDIARY ID - CURRENCY CHZ SERVICE ID SIC LEI 549300JJGF1MHHWUAW70 Name & Address LANDESBANK HESSEN-THU Correspondent Banking Payments Domestic Payments High Value Payments Hierarchy Service Directory Bank Directory Plus Bank Details Name: George Amount: 100 EUR IBAN: DE95 5005 0000 5000 0020 96 BIC: HELADEFF PAYMENT TYPE COPA CURRENCY USD CORRESPONDENT CITIUS33XXX SSI Plus PARTICIPANT ID 89034 SEPA payment
  19. 19. 19 BIC HELADEFF508 NATIONAL ID 50850049 CHIPS ID 014079 IBAN BIC HELADEFFXXX IBAN NATIONAL ID 50050000 INTERMEDIARY ID - CURRENCY CHZ SERVICE ID SIC LEI 549300JJGF1MHHWUAW70 Name & Address LANDESBANK HESSEN-THU Clearing & Settlement Service Correspondent Banking Payments Domestic Payments High Value Payments Hierarchy Service Directory Bank Directory Plus Bank Details Name: George Amount: 100 EUR IBAN: DE95 5005 0000 5000 0020 96 BIC: HELADEFF PAYMENT TYPE COPA CURRENCY USD CORRESPONDENT CITIUS33XXX SSI Plus PARTICIPANT ID 89034
  20. 20. 20 BIC HELADEFF508 NATIONAL ID 50850049 CHIPS ID 014079 IBAN BIC HELADEFFXXX IBAN NATIONAL ID 50050000 INTERMEDIARY ID - CURRENCY CHZ SERVICE ID SIC LEI 549300JJGF1MHHWUAW70 Name & Address LANDESBANK HESSEN-THU Clearing & Settlement Service Correspondent Banking Payments Domestic Payments High Value Payments IBAN Plus Hierarchy Service Directory Bank Directory Plus Bank Details PAYMENT TYPE COPA CURRENCY USD CORRESPONDENT CITIUS33XXX SSI Plus PARTICIPANT ID 89034
  21. 21. Product 24
  22. 22. Delivery channels Automated file download (API) APIs (web services) internet Manual file download FileAct (automated) Manual query tool (BWO) internet internet SWIFTNet SWIFTRef utility internet TXT XML Formatting Monthly Daily Frequency 25
  23. 23. Alliance Access/Entry Bank File encryption Legal terms of bank file use - freely available as part of the Alliance Access/Entry licence but may only be used within it Encryption of the bank file - to avoid misuse, a decision was made to now encrypt the Bank file and therewith limit readability to Alliance Access/Entry only. Implementation - a message standards patch, which becomes available July 2014, will require as of its implementation upload of the newly formatted bank file. For Alliance Access/Entry this change will be transparent. - from November 2014, when the message standards patch becomes mandatory, the current format of the bank file will no longer be available. Consequence - For most customers this will be transparant, however… - Customers who are using the bank file for other purposes, can upgrade to the BIC directory download (close match, or BankDirectory Plus) to feed Reference Data in these other (non-Alliance Access/Entry) applications and systems.
  24. 24. Start your free trial today via www.swift.com/SWIFTRef For more information, please visit www.swift.com/SWIFTRef Contact us directly at swiftref@swift.com
  25. 25. Questions ?
  26. 26. Back-up slides swiftref@swift.com
  27. 27. Institution Search Extensive search criteria available
  28. 28. Institution Search Complete BICs-overview based on parent BIC or institution name
  29. 29. Institution Search Detailed institution details overview
  30. 30. Institution Search Detailed payments data overview Full SSI details for all currencies (including account number) always available via “View detail”
  31. 31. Institution Search Legal entity (LEI) and compliance data Full details always available via “View detail”

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