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Russia FIN traffic since connection in 1989
2 SWIFT – Moscow Business Forum – April 2015
?
0
10
20
30
40
50
60
70
80
90
100
1990 1995 2000 2005 2010 2014
430% growth
in 10 years
mn sent messages
2015
10%
14%
22%
10%
-2%
7% 10%
4%
10% 11%
-5%
0%
5%
10%
15%
20%
25%
-
1,000
2,000
3,000
4,000
5,000
6,00020
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
20
14
Millio
ns
SWIFT Growth
SWIFT FIN traffic growing 11% in 2014, adding another
500 Million FIN messages. Due to continuous stronger growth in Russia, the Russian share in the total SWIFT
traffic goes up to 1.7% (versus 0.7% 10 years ago).
16% 15% 19% 18%
-5%
15%
34%
21%
43%
28%
-10%
0%
10%
20%
30%
40%
50%
-
10
20
30
40
50
60
70
80
90
100
20
05
20
06
20
07
20
08
20
09
20
10
20
11
20
12
20
13
20
14
Millio
ns
Russia Growth Russia
3 SWIFT – Moscow Business Forum – April 2015 Figures are based on total yearly traffic
FIN yearly traffic evolution With an average yearly growth rate of 21% over the last 15 years, Russia
outperforms SWIFT total (growing 11% on average), EMEA region (11%) and
BRICS (16%).
0%
200%
400%
600%
800%
1000%
1200%
1400%
1600%
SWIFT total
EMEA
BRICS
Russia
4 SWIFT – Moscow Business Forum – April 2015 Figures are based on average daily traffic
2014 FIN Growth Russia outperforms BRICS and total SWIFT
-10%..0% < -10% > 0% Color coding:
Total Americas Asia-
Pacific EMEA Russia BRICS
Payments 8.6% 12.3% 11.8% 6.7% 31.4% 25.0%
Securities 15.0% 10.6% 15.2% 16.3% 17.0% 16.4%
Treasury 2.4% 4.8% 4.5% 1.3% -7.3% -0.2%
Trade -2.5% -5.5% 0.2% -4.2% 3.8% 0.3%
Total 11.0% 11.1% 12.2% 10.7% 27.7% 20.7%
FIN Average Daily volumes
Actual growth Full Year 2014 vs 2013
(*) Central and Eastern Europe: Albania, Armenia, Austria, Azerbaijan, Bosnia-Herzegovina, Bulgaria, Belarus, Switzerland, Czech Republic,
Germany, Estonia, Georgia, Croatia, Hungary, Kyrgyzstan, Kazakhstan, Liechtenstein, Lithuania, Latvia, Moldova, Montenegro, Macedonia,
Mongolia, Poland, Romania, Republic of Serbia, Russia, Slovenia, Slovakia, Tajikistan, Turkmenistan, Ukraine, Uzbekistan, Kosovo, Republic of
5 SWIFT – Moscow Business Forum – April 2015
2015 March YTD FIN Growth Off to a good start – March YTD best month ever with an average of 24.63 million
messages per day. 31 March was the first peak day of 2015 with 26,835,427
messages.
6 SWIFT – Moscow Business Forum – April 2015
PEAK DAY - 31 March 2015 26.84
18
19
20
21
22
23
24
25
26
27
Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec
2013 Actuals 2014 Actuals 2015 Actuals Best month ever
Figures are based on average daily traffic
Tra
ffic
in m
illio
ns o
f m
essages –
all
mark
ets
2015 March YTD FIN Growth - Russia
7 SWIFT – Moscow Business Forum – April 2015
230
280
330
380
430
480
Jan Feb Mar Apr May Jun Jul Aug Sept Oct Nov Dec
2013 Actuals 2014 Actuals 2015 Actuals
Tra
ffic
in m
illio
ns o
f m
essages –
all
mark
ets
0
2
4
6
8
10
12
14
16
201
20
1
201
20
2
201
20
3
201
20
4
201
20
5
201
20
6
201
20
7
201
20
8
201
20
9
201
21
0
201
21
1
201
21
2
201
30
1
201
30
2
201
30
3
201
30
4
201
30
5
201
30
6
201
30
7
201
30
8
201
30
9
201
31
0
201
31
1
201
31
2
201
40
1
201
40
2
201
40
3
201
40
4
201
40
5
201
40
6
201
40
7
201
40
8
201
40
9
201
41
0
201
41
1
201
41
2
201
50
1
201
50
2
Millio
ns
Banking MI Securities MI SWIFT for Corporates Other
FileAct traffic – Monthly evolution Average daily number of Kchar
0
1,000
2,000
3,000
4,000
5,000
6,000
201
20
1
201
20
2
201
20
3
201
20
4
201
20
5
201
20
6
201
20
7
201
20
8
201
20
9
201
21
0
201
21
1
201
21
2
201
30
1
201
30
2
201
30
3
201
30
4
201
30
5
201
30
6
201
30
7
201
30
8
201
30
9
201
31
0
201
31
1
201
31
2
201
40
1
201
40
2
201
40
3
201
40
4
201
40
5
201
40
6
201
40
7
201
40
8
201
40
9
201
41
0
201
41
1
201
41
2
201
50
1
201
50
2
8
SWIFT – Moscow Business Forum – April 2015
0
500
1,000
1,500
2,000
2,500
3,000
201
20
1
201
20
2
201
20
3
201
20
4
201
20
5
201
20
6
201
20
7
201
20
8
201
20
9
201
21
0
201
21
1
201
21
2
201
30
1
201
30
2
201
30
3
201
30
4
201
30
5
201
30
6
201
30
7
201
30
8
201
30
9
201
31
0
201
31
1
201
31
2
201
40
1
201
40
2
201
40
3
201
40
4
201
40
5
201
40
6
201
40
7
201
40
8
201
40
9
201
41
0
201
41
1
201
41
2
201
50
1
201
50
2
Th
ou
sa
nd
s
Banking MI Securities MI CLS RMA Other
InterAct traffic – Monthly evolution Average daily number of messages
0
500
1,000
1,500
2,000
2,500
201
20
1
201
20
2
201
20
3
201
20
4
201
20
5
201
20
6
201
20
7
201
20
8
201
20
9
201
21
0
201
21
1
201
21
2
201
30
1
201
30
2
201
30
3
201
30
4
201
30
5
201
30
6
201
30
7
201
30
8
201
30
9
201
31
0
201
31
1
201
31
2
201
40
1
201
40
2
201
40
3
201
40
4
201
40
5
201
40
6
201
40
7
201
40
8
201
40
9
201
41
0
201
41
1
201
41
2
201
50
1
201
50
2
9
SWIFT – Moscow Business Forum – April 2015
0
10
20
30
40
50
60
70
80
90
100
Millio
ns
Over 95 million Payments per day FileAct Payments growth exceeds FIN Payment growth
(*) Estimated number based on assumptions (about file compression,
average nr of characters per transaction) validated with the MI’s
LVP (ACH)
FIN Payments (Cat 1, 2, 9 and copies)
10
SWIFT – Moscow Business Forum – April 2015
11
SWIFT – Moscow Business Forum – April 2015
Building the SWIFT network – Number of users
0
2,000
4,000
6,000
8,000
10,000
12,000
12
SWIFT – Moscow Business Forum – April 2015
Building the SWIFT network – Russia
0
20,000
40,000
60,000
80,000
100,000
120,000
140,000
160,000
180,000
0
100
200
300
400
500
600
700
Live Users # messages per user (secondary axis)
Nu
mb
er
of R
ussia
n L
ive
use
rs
# o
f m
essa
ge
s s
en
t p
er
use
r in
Ru
ssia
3933
4296
4576
3,600
3,800
4,000
4,200
4,400
4,600
4,800
2012 2013 2014
Number of Russian users and messages sent per user.
Number of
counterparties involved
in traffic sent from
Russia
13
SWIFT – Moscow Business Forum – April 2015
Building the SWIFT network – Corporate adoption # of connected corporate BIC8’s (Cumulative)
14
SWIFT – Moscow Business Forum – April 2015
Building the SWIFT network – LITE2 users
0
100
200
300
400
500
600
700
SWIFT Pricing Principles
SWIFT – Moscow Business Forum – April 2015
16
1. Designed to maximize usage
– Fixed Fee programme
– Point-to-point discount
– Intra-traffic Discount
2. Recognizes the contribution of large users
3. Be fair and transparent to all users
(eg. HSM migration, Lite2 at low cost, sanctions screening)
4. Reduce barriers to entry for smaller users
FIN Price before rebate
(EURcent / msg)
FIN Traffic
(Millions of msgs)
SWIFT committed to 30-50% price cut over 2010-2015
… and has reached the challenge one year ahead
17
FIN Price before rebate
(EURcent / msg)
FIN Traffic
(Millions of msgs)
0.20
0.13
0.11
0.06
-
0.05
0.10
0.15
0.20
0.25
2005 2010 2011 2014
18
Average price (Russia)
Euro/FIN message
-37 %
Russia benefitted from the price reductions over the years
-52 %
SWIFT Romania Business Forum * Figures are after Fixed Fee, point-to-point discount and before rebate
Traffic evolution vs Messaging cost evolution 2005 is used as base year
19
0
100
200
300
400
500
600
2005 2006 2007 2008 2009 2010 2011 2012 2013 2014
0
10
20
30
40
50
60
70
80
90
100
31%
528%
161%
100%
100%
traffic evolution (# FIN messages) unit cost evolution (2nd axis) messaging cost evolution
%
%
%
%
Traffic and Cost