SWIFTgpi for Corporates (external)

SWIFT gpi for Corporates for Banks

Miriam Hay, Senior Payments Expert, EMEA, SWIFTNicole Stumpf, Product Manager, Global Transaction Banking, Deutsche Bank AGEddy Jacqmotte, Manager Cash & Bank - Head Back Office Administration, BorealisSabrina Fromager, gpi for Corporates Adoption Manager, SWIFT

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SWIFT gpi for Corporates for Banks

Miriam Hay, Senior Payments Expert, EMEA, SWIFTNicole Stumpf, Product Manager, Global Transaction Banking, Deutsche Bank AGEddy Jacqmotte, Manager Cash & Bank - Head Back Office Administration, BorealisSabrina Fromager, gpi for Corporates Adoption Manager, SWIFT

SWIFT gpi is seeing unparalleled growth in adoption, traffic and corridors*

Very large community

750banking groups(60/60 top banking groups)

208countries covered

87+% SWIFT cross-border payments represented

4,126+financial institutionssigned

Millions livepayments

$315 bnpayments sent as gpi every day

1,042+live gpi members

2,198+country corridors

68+%cross-border MT103 sent as gpi

Delivering real value

On average, 39% of SWIFT gpi payments are credited to end beneficiaries within 5 minutes, Over 54% within 30 minutes, 76% within 6 hours, almost 100% within 24 hours

Positive reactions from corporates

Banks have seen significant reduction in number of payment enquiries and quicker investigations handling

*Swift gpi – August 2020SWIFT gpi for Corporates Webinar_20201013

Today many corporates work with multiple banking partners to support their global operations.

This brings complexity, in particular consolidating payment information from different formats and via different channels.

It also creates challenges with post-payment operations such as reconciliation.

SWIFT gpi for Corporates Webinar_20201013

We are able to propose a service adapted to these multi-banked corporates.

As a result, the corporate treasurer can now:

• reduce payment investigations

• improve supplier relationships

• speed up invoice reconciliation

• achieve greater capital efficiencies.



Corporate offering by gpi banks

Corporate experience

Visibility through bank support

gpi payments

Integration in e-banking portals

gpi payments

Integrated in ERP/TMS

gpi for Corporates payments

Offers

Speed, transparency, unaltered remittance

Tracking through support desk

Self service tracking in e-banking X

Multi-bank payment initiation & tracking X X

Generation of tracking reference by corporate X X

gpi for Corporates Portfolio


Receivables Payables

SWIFT gpi for CorporatesCorporate

Inbound trackingGeneral availability October’20

Provides visibility on incoming payments and leverages insights such as proof of

execution, short term forecasting and real time confirmation of credit.

Pay & traceLive

Optimizing your cross border payments with transparency and tracking capabilities

directly integrated in your treasury dashboards

g4C service level agreement rulebook



Positive momentum with Inbound tracking triggering subscription of new banks/corporates

Key facts: 78 Participants :44

corporates & 34 FIs Largest GTB banks

onboard + 180 BICs in Live CUG + 340 BICs in TT CUG

SWIFT gpi for CorporatesOverview of participants*

(*) Not exhaustive

gpi payments tracker

MT 103 + UETR & STI:001

MT 103 + UETR & STI:001

Ordering corp BeneficiaryInstructing gpi Agent

MT 101 + UETR, pain.001 + UETR(s)

4MT 199 + UETR & STI:003 / pain.002 /API*

gpi for Corporates confirmationsDebit confirmation (ordering corporate)Credit confirmation (beneficiary account)Delivery confirmation (bene bank)RejectionsPending


Pay & trace

TMS/ERP1

3

2

1 Corporate generates and includes UETR in the payment instruction (MT 101 Unitary/pain.001)

2 Bank creates MT103 including UETR generated by the corporate

3 Tracker delivers B2C specific confirmations to Instructing bank

4 Instructing bank relays back to ordering corporate (MT 199 / pain.002, API in pilot)* as-it-happens

*Banks can send MT199/pain.002 (single transaction confirmation as-it-happens) in mutual agreement with their corporate.

MT 103 + UETR

Ordering corporate Beneficiary corporateBeneficiary bank

g4C confirmationsPayment notice (MT 103 detected for g4C Bank)Delivery confirmation (at beneficiary bank)Credit confirmation (at beneficiary account)Pending (on-hold for more than 6h) Rejection

Inbound tracking

TMS/ERP

1 Payment is initiated in the SWIFT network (MT 103)

2Tracker identifies gpi for Corporates beneficiary bank and extracts payment details

3Tracker delivers gpi for Corporates confirmations to beneficiary bank

4Beneficiary bank relays back to beneficiary corporate as-it-happens (FIN/ ISO/API in pilot)

$Payment

MT 103 + UETR

MT 199 / API STI:007

FIN / ISO /API STI:007

32

1 4


gpi tracker data baseField 50: Ordering customer (account, account owner, BIC)Field 59: Beneficiary customer (account, account owner, BIC)Field 70: Remittance data

If 57A = g4C beneficiary agent

*Banks can send MT199/trck004 (single transaction confirmation as-it-happens) in mutual agreement with their corporate.


Inbound Tracking Pilot participants

Banks Corporates Treasury applicationsPilot

Early Adopters

Common standards (FIN, ISO & API in Pilot)

Harmonised tracking details

Consistent payment insights

Confirmation of debit

Delivered to beneficiary bank

Confirmation of credit to beneficiary

Rejections

Pending

Date & time 26 April 2018 – 18:00 CET

gpi status Credited

Status originator Save with us Bank (SBWUDE33)

Instructed Amount and currency 125.000 USD

Confirmed Amount and currency 101.020 EUR

Routing

FX information Save with us Bank USD to EUR exchange rate: 1.22

Deducts information Cash bank: - 20 EUR

Charge code SHA

Default

Bank optional

Banca M

exicana de C

redito

Cash bank

Save with us bank

MT 101,MT 199

pain.001, pain.002, trck.004 API

Status provided from banks “as-it-happens”(Max 30 min after event)

Timely updates

Tracking statuses

g4C rulebook – a common canvas for SWIFT connected corporates



The gpi API portfolio – Now extending to g4C corporate-to-bank!

g4C corporate gpi bankgpi/g4C bank

gpi Tracker

Bank-to-BankCorporate-to-Bank

Tracker-to-Bank Customer credit transfer Cover payments Financial institutions transfers Instant payments Stop & recall Case resolution g4C Pay and trace g4C Inbound tracking

Pre-validation g4C Pay and trace (confirmations) g4C Inbound tracking (notifications)


Key features

Gpi for Corporates Directory

CPD Partic ipant nameReadiness SPOC

BIC8

Full visibility on participants. Recognise implementation status, live BICs and business contact of all participants (corporates, banks & vendors)

Corporate to bank rulebook

Seamless experience across banks. Leverage a single format, comprehensible actionable data with all participant g4C banks

Quality assurance Same format Transparency Simple on boarding

Tracking & payment insights

Multi-bank tracking embedded in your treasury dashboards. Extended visibility over payment statuses, fees and routing

Treasury Management

Status Routing FeesBank B

Status

Customer onboarding journey


Inbound tracking – high level timelines


Phase 1(1-3 months)

Phase 2(1-3 months)

Phase 3(1 month)

Specifications Implementation Bilateral testing Community testing Controlled live

Project scope Legal agreement Objectives &

KPI’s Individual

planning

Individual impactassessment

Implementation Planning

finalisation

Pre-bilateraltesting

Testing with SWIFT

Testing pair preparation

Testing pair finalisation

Common test catalogue

Testing between corporates& banks

Activation in production environment

Penny testing Live activation

Tentative dates

Implementation Test & training Production


g4C Notification Management – 2 features

Field selection

Select (optional) fields in the g4C confirmation/notification

message (e.g. debtor account/F50) that will be passed

to your customers

Customer selection

Allows to reduce the number of g4C confirmations/notifications sent by the gpi Tracker to your

bank, by selecting the customers for which to receive g4C

confirmations/notifications

AVAILABLE IN T&T*GA PLANNED NOVEMBER 22nd 2020

* Subject to SWIFT Pilot T&Cs

User testimonial


We know that corporates with multiple banking partners require a seamless cross-border payments experience.


SWIFT gpi – key benefits

Customers seek solutions that enable them to track international payments and overview the international bank charges

Same day availability of funds

End-to-End Transparency of feesEnd-to-End Payments Tracking

Unaltered Remittance Information

grow international business better supplier relationshipsgreater treasury efficiencies


Corporates´ value

Corporates´ value

Corporates´ value

SWIFT gpi for corporates at Deutsche Bank

Deutsche Bank live since Oct. 2017 Real-time visibility of status changes via the Cash

Inquiry and further additional services (e.g. Stop & Recall)

Multi-bank tracking via ERP / TMS integration

Deutsche Bank live since Oct. 2018 Standardised tracking reports across banks, enables

automated payment monitoring, alerts and analytics

DB live since Oct. 2017 End-to-end payments tracking via manual process

Benefits of the automated multi-bank tracking

Near real-time tracking✔

Improved visibility by the unique end-to end transfer reference (UETR)✔

Provision of deducts and FX information✔

Seamless, bank-agnostic MT- and XML message integration with the ERP-/TM system ✔

Multi-Channel Solution (SWIFT, H2H, Others) ✔

Basic tracking via client service

Online tracking via bank portal


We know that corporates with multiple banking partners require a seamless cross-border payments experience.

SWIFT gpi is making cross-border payments as simple as domestic by innovating, using new technology, SWIFT standards and business rules.



What we hear from the participants

“The data we’re able to access through the gpi Tracker allows us to deliver a transformed experience to our customers. With real-time tracking information at their fingertips, they can buy and sell goods with better certainty and transparency. And from a business perspective, we’re able to couple tracking insights with powerful tools such as AI and machine learning to drive better efficiencies, and find new ways to deliver a better service.”Supply Chain Business Unit, Alibaba.com

“With greater insights into what money comes into our business, including data such as the full remittance information and the amount sent before fees have been deducted, we will be able to greatly simplify the way we reconcile invoices. That means less manual work, less pain in trying to match payments with invoices, and enables us to make our cash work better for us.”Daniel Gramunt, Director Cash Management, Nokia

Certainty Rich data

“Having the ability to track our outbound payments with SWIFT gpi for corporates was a significant step. Now, with inbound tracking too, we’re able to get real-time insights into our global liquidity position that was not possible a few years ago.”Eddy Jacqmotte, Manager Cash & Bank - Head Back Office Administration, Borealis

Predictability“We increasingly hear from our customers that SWIFT gpi is the new normal. Our priority is that our customers have access to the richest data possible at their fingertips, both for inbound and outbound payments, but also using the latest standards such as ISO 20022. Inbound tracking is a key enabler for us to do this.”Thierry Cohen, Commercial Director, Exalog

Standardisation

Questions

?SWIFT gpi for Corporates Webinar_20201013

Documents

SWIFTgpi for Corporates (external)