SOFE Plenary SWIFT Products & Services

Victor Abbeloos, Head of Interfaces, SWIFT

Frankfurt am Main, 27 - 29 November 2012

Agenda

• Products & Services portfolio overview

• Interface Evolution

• SWIFTRef – IBAN Only

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SWIFT Products & Services Overview

Applications

Interface

Standards

Messaging

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Connectivity

Interface Evolution - 2012

Products and services meeting your individual needs: • Alliance LITE 2 • Alliance Access

– Linux – Integration Platform – Operational Reporting

• Alliance Messaging Hub

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Alliance Messaging Hub

Alliance Lite 2

A simple, secure , cloud- based connection

Alliance Lite2 6

Integrated Service offering

Best-in-class

Highly available, secure, 24/7

Full-featured, secure & reliable

Usage-based pricing

Light footprint

Peace of Mind

“The easiest way to connect to SWIFT”

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Align SWIFT systems with your platform strategy

SWIFT on Linux

“Linux is our new strategic platform and our objective

is to migrate all UNIX systems (mainly Solaris)

to Linux.”

The voice of the SWIFT Community

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“We are moving all of our major vendors to Linux.”

“In my institution, policy for new applications is Linux unless the manufacturer doesn’t support it”

Swift on Linux – September 2012

TCO savings… a key benefit

Current situation Using Linux

OS swap fee

Operations (FTE)

OS licence

Hardware annualmaintenanceHardware purchace

Access annual fees

-35%

9

Linux Pilot Feedback

“Our pilot tests of SWIFT’s Linux-based applications demonstrated that the environment is very stable, with performance levels that met or exceeded our existing UNIX-based systems. The support from SWIFT was excellent and demonstrated their expertise with this new platform. We are now looking forward to moving SWIFT onto Linux in the live environment.”

Swift on Linux – September 2012

Willy Schockert, Director UNIX and ICSD Infrastructure,

Clearstream

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Alliance Access Integration Platform

A powerful core to the SWIFT Integration Solution

What Are Your Integration Challenges?

A new link to SWIFT?

More (3rd party)

Applications?

Looking to reduce costs?

Minimise systems

changes?

Need systems to communicate?

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Benefits of the Integration Platform Footprint and

TCO reduction

Exchange proprietary

messages with Access

One stop shop solution model

Enhance existing flows

Community enablement

Getting more out of your messaging interface

Alliance Access

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Drive operational excellence with insights from the new Alliance Access reporting tool from SWIFT

Alliance Access Operational Reporting

A Video Introducing Operational Reporting

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Play Video

See swift.com

Key Benefits

Reduce Operational

Risks

Improve Operations

• Monitor STP rate and round trip time • Provide statistics on exceptions (NAK, PDE, PDM) • Help answer audit requests

• Help identify discrepancies with back-office systems • Inform users and systems about exceptions to handle • Summary view, with financial impact, of pending transactions

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A FREE trial – without obligation

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• 90 days free evaluation • Full functionality

Your Activation code

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Alliance Messaging Hub

Alliance Messaging Hub

• AMH remains a core product within portfolio for SWIFT 2015 Strategy

• AMH to benefit from

– the proven operational excellence of SWIFT – optimise cost of product development and support

• The functional integration of Arkelis into SWIFT benefits our customers

“Advance Messaging Hub” is now “Alliance Messaging Hub”

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“IBAN only” by SWIFT SOFE 2012

www.swift.com/SWIFTRef swiftref@swift.com

IBAN Only (EU 260/2012)

“IBAN only” rule - the payment service user must only provide the IBAN

(not the BIC) to the payment service provider after 1 Feb 2014 – for domestic payments, and after 1 Feb 2016 – for cross-border payments

Implication - the sending bank will have to derive the BIC from the IBAN - very high quality required (large payment volumes)

Solution - SWIFT’s IBAN Plus - The best & low-cost solution for the industry

Solution

Purpose

• Derive the BIC from the IBAN accurately • Validate IBAN and its components

Quality data

• Includes IBAN/BIC data from national authorities (where available)

• IBAN/BIC data is corrected by owning banks (collected by data team) • Data is tested by “pilot” banks on live SEPA traffic • Built in line with EPC requirements (under construction) • Updated regularly

IBAN Plus EU 260/2012 “IBAN Only”

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SWIFT Consulting & Training Services

Adopt best practices Benchmarking Reduce time to market Reduce TCO Access to expertise

SWIFT Services End-to-end project management

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Analyse Design Implement Test Roll-out Operate

Consulting

Training

Reduce operating cost Adopt best practices Proactive risk mitigation

Operations

Post-project support Access to self-support tools and engineers Proactive monitoring and problem avoidance 24x7 availability

Support

Adopt best practices Increase automation and STP Increase efficiency Build up in-house knowledge and expertise Reduce TCO

Q&A

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Thank you