Khaled Moharem

SWIFT

Sibos report back

16th AMEDA meeting

Kuwait November 27th

Who came to Sibos 2012?

Asia Pacific 45%

EMEA 42%

Americas 13%

• Largest Sibos held in Asia Pacific region

• 150+ exhibiting organisations

• 160 journalists covering the event

• More than 6,200 registrations from 137 countries

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Conference programme:

some of the of the key themes

• Post-crisis, this Sibos saw a return to more normal

discussions on transaction issues and how to shape the

future.

• Regulation a significant presence in many sessions

• Debate has moved from theory to practical implementation.

Collaboration and engagement of all parties will be key.

• East-West balance – one size does not fit all.

• Important to know your specific market rather than assume

commonality.

• Technology – IT and the business must work more

closely together to understand each other’s needs and

priorities.

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Diversity of formats during Sibos

Main conference sessions

Plenaries “In conversation with…”

Community-led sessions

SWIFT@Sibos

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Main Conference

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Many exhibitors … a sample

From MENA NBAD, QNB, UAE Exchange

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Panellists addressed the question of whether market infrastructures should be user-owned or user-

governed and which option would result in cheaper transactions.

“A utility that is not market owned is like a plane without a pilot. We need to justify our investment by

getting the benefits of competition and a utility”. Robert Scharfe, CEO Luxembourg Stock Exchange

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Nigeria

• RTGS signed for at Sibos

• CSD planning to connect to SWIFT by

end of 2012

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Industry pain points High costs, fragmentation high risk, scale-ability

Non-

Automated

Clients and

Counterparties

Settlement

Costs &

Inefficiencies

Lack of

Market Practices

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SMI participants have to deal with different

Standards, Messaging & Connectivity

Securities Market

Infrastructures

SMI Participant

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Single Window, same

Standards, Messaging and Connectivity

SMI Participant Securities Market

Infrastructures

Securities Market Infrastructures on SWIFT >80 institutions from 50 countries

Argentina Caja de Valores Hungary Keler Russian National Clearing Centre

Armenia Central Depository of Armenia Indonesia KSEI Federation Depository Clearing Company

Australia Australian Securities Exchange Ireland Euroclear UK&Ireland The National Depository Center

Austraclear Israel Tel Aviv Stock Exchange Singapore The Central Depository (pte) Ltd

Austria OeKB Italy MTS Monetary Authority of Singapore

Belgium Euroclear Belgium CCG Slovakia CDCP

Euroclear Bank Monte Titoli Bank of Slovakia

MTS Japan Jasdec Slovenia KDD

National Bank of Belgium Bank of Japan South Africa JSE Ltd

Brazil CBLC Kazakhstan Kazakhstan Stock Exchange Strate

Bulgaria CDAD Central Securities Depository Spain MTS

Bulgaria National Bank of Bulgaria Kenya Central Bank of Kenya MEFF

Canada CDS Korea Korea Securities Depository Iberclear

Chile Deposito Centrale de Valores S.A. Kuwait Kuwait Clearing Company Sri Lanka Central Bank of Sri Lanka

Croatia SKDD Latvia NASDAQ OMX (LankaSecure)

Czech CSD Prague Central Depository Sweden NASDAQ OMX

Republic Bank of Latvia Euroclear Sweden

Denmark NASDAQ OMX Lebanon Midclear Central Depository Switzerland SIX x-clear

VP Lithuania NASDAQ OMX SIX SIS

Estonia NASDAQ OMX Luxemburg Clearstream Banking SA Taiwan TDCC

Estonian Securities Depository LuxCSD Thailand Thailand Securities Dep Co Ltd

Egypt MCSD MISR Mexico SD Indeval Turkey Takas Bank

Finland NASDAQ OMX Netherlands MTS United ICE Futures europe

Euroclear Finland EMCF Kingdom London Stock Exchange

France Euronext Paris Euroclear Nederland EuroCCP

MTS LCH.Clearnet

LCH.Clearnet New Zealand NZX Ltd Euroclear UK&Ireland

Euroclear France NZClear USA Chicago Mercantile Exchange

Germany MTS Norway VPS Option Clearing Corporation

Eurex Clearing Poland KDPW OMGEO

Clearstream Banking AG Portugal Interbolsa DTCC

Greece Hellenic Exchange SA Banco de Portugal Federal Reserve Bank

Bank of Greece Qatar Doha Securities Market Zimbabwe Reserve Bank of Zimbabwe

Hong Kong HK Exchange and Clearing Romania Depozitarul Central

HK Monetary Authority (CMU)

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Q&A

Thank you

Khaled Moharem Senior Account Director

Middle East & North Africa

SWIFT

Dubai, DIFC.

PO BOX 506575 UAE

+97144250900

+97143690882

+97144250160

+971506240813

Khaled.Moharem@swift.com

swift.com

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