SWIFT for Corporates Are you Ready ?
Toronto, April 14th 2015
2
Louis-
Etienne
berube
SWIFT
Jennifer
Ramsey-
Armorer
BlackBerry
Grant
Dalrymple
FCT
Interactive Session
Secure financial connectivity Challenges for treasurers
Dealing with multiple banking partners and solution vendors can be a challenging task for group treasuries
Multi-banking often requires many
protocols, channels & processes to be used
Lack of visibility on cash positions
Lack of automation of trade transactions
Manual processes & errors
Bank- and vendor-specific processes,
security tools and onboarding costs
High operational costs
Complicated traceability and compliance
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Secure financial connectivity Streamlining banking communication with
multi-banking technologies
Solution
Corporate
YOURBIC8
YOURBIC8
YOURBIC8 YOURBIC8 BIC ERP
In-house application
Treasury Mgmt System
Cloud application service
Alliance
Lite 2
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Secure financial connectivity
A B O U T
Adopting SWIFT’s multi-banking industry standards
Higher Efficiency & Reduced Costs across all financial transactions
Visibility, control & compliance Improved straight-through processing end-to-end
Unique business identification (BIC) Transparent financial transactions using ISO standards for counterparty identification
Centralise and automate Dematerialised & standardised financial flows in a
multi-bank environment
Bank and vendor independence Corporates and banks can make independent decision
on technical platforms and implementations
Accelerate decisions Timely access to information allows for faster and
better decision making
Benefits
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Americas 21%
Asia Pacific 10%
EMEA 69%
Americas
Asia Pacific
EMEA
All Corporates on SWIFT
Corporate connectivity
Connected in 81 countries
With business in 194 countries 6
Americas 30%
Asia Pacific 10%
EMEA 60%
Americas
Asia Pacific
EMEA
Corporates that joined in 2014
Americas shows highest growth: 40% Reach growth in 2014 vs 2013
Total of 1439 end of March
Already xx Corporates in 2015
Per corporate turnover & banking partners
Corporates by
annual turnover (USD Billion)
Corporates by
number of banking partners
$1-10Bn
28%
>$10Bn
31%
<$1Bn
41%
73% of SWIFT-connected corporates
deal with 5 banks or more
42% of SWIFT-connected corporates
have a turnover <$1Bn°
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Corporate connectivity
° < 1 Bn or revenue number not available
> 10 Bn 30%
1-10 Bn 27%
< 1 Bn 42%
> 10 Bn
1-10 Bn
< 1 Bn > 20 banks 25%
b/w 10 and 20 banks
24%
b/w 5 and 9 banks 24%
less than 5 banks 27% > 20 banks
b/w 10 and 20 banks
b/w 5 and 9 banks
less than 5 banks
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2014 (full year) FIN sent:
- 14 million messages
- 17% of FIN traffic
Q4 2014 vs Q4 2013: +17%
2014 (full year) FIN received:
- 68 million messages
- 83% of FIN traffic
Q4 2014 vs Q4 2013: +19%
FIN traffic Growth
FIN traffic: +22% 2013 vs 2014 (full year)
3,500,000
4,000,000
4,500,000
5,000,000
5,500,000
6,000,000
6,500,000
1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12
2013 2014
Received by Corporates
800,000
900,000
1,000,000
1,100,000
1,200,000
1,300,000
1,400,000
1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12
2013 2014
Sent by Corporates
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Top3 of MTs
sent
% of FIN traffic
sent
Cumulative % of
FIN traffic sent
Growth
(2014 vs 2013)
MT 101 43% 43% 26%
MT 103 34% 77% 9%
MT 300 10% 87% 14%
FIN traffic Top sent & received messages
Payments & statements 2014 versus 2013 growth
Top3 of MTs
received
% of FIN traffic
received
Cumulative % of
FIN traffic received
Growth
(2014 vs 2013)
MT 940 50% 50% 26%
MT 942 27% 77% 22%
MT 900 8.5% 86% 29%
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FileAct traffic Growth
2014 (full year) FileAct sent:
- 5.8 million files
- 28 % of FileAct traffic
Q4 2014 vs Q4 2013: +42%
2014 (full year) FileAct received:
- 14.7 million files
- 72% of FileAct traffic
Q4 2014 vs Q4 2013: +35%
FileAct traffic: +42% 2014 vs 2013 (full year)
250,000
350,000
450,000
550,000
650,000
750,000
850,000
1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12
2013 2014
Sent by Corporates
550,000
750,000
950,000
1,150,000
1,350,000
1,550,000
1 2 3 4 5 6 7 8 9 10 11 12 1 2 3 4 5 6 7 8 9 10 11 12
2013 2014
Received by Corporates
Reasons why we are having exponential growth –
Lite2 and SIL process flow
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Lite2
Auto Client Lite2
MQ: Websphere MQ
WS: Web services (SOAP)
REST: Representational State Transfer
Secure Connection: Internet(VPN) or Leased Line
Customer premises SWIFT premises
TMS
ERP
Secure connection
SIL
File
MQ
WS/REST
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Voice of the Corporate
Louis-
Etienne
berube
SWIFT
Jennifer
Ramsey-
Armorer
BlackBerry
Grant
Dalrymple
FCT
13
FCT Overview
➤ FCT provides industry-leading title insurance, debt recovery and other real-estate-related services to more than 300 lenders, 15,000 legal professionals and 5,000 recovery professionals, as well as real estate agents, mortgage brokers and builders, nationwide. For more information on FCT, please visit the company website at www.FCT.ca.
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FCT Purchase Mortgage Funding Volumes
2012 2013 2014 Q1 2014 Q1 2015
# of Transactions
14,948
33,149
60,461
10,303
12,541
Total Amount (,000)
3,931,524
10,079,826
19,648,981
3,260,361
4,125,470
Avg. Trans Amount (,000) 263 304 325 316 329 % Growth 156% 95% 27%
Considerations ➤ Multiple bank accounts ➤ Reconciliation ➤ User Access ➤ Automation & STP ➤ Pricing
SWIFT For Corporate
Value proposition is growing
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• SWIFTRef
• MyStandards
• Application Provider (ASP)
• Trade finance
SWIFTRef corporate adoption
MyStandards bank adoption
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Automation and compliance
SWIFTRef corporate adoption 20 new corporates register to SWIFTRef in Q4 2014
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Using SWIFT connectivity 166
Non-connected corporates 292
Total number of corporates 458 Automation and
compliance
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Automation and compliance
MyStandards bank adoption Half of the top20 SCORE banks are adopting MyStandards
Application providers integrating Lite2 10 providers connecting 40 new corporates
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MT 798 adoption
BPO adoption
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Certainty and efficiency in the
supply chain
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MT798 adoption 35 banks are live (15 of the TOP20 trade banks)
Saudi Aramco, ArcelorMittal, Alcatel-Lucent,
MGB Metro Group Buying,
Safran, Voith Finance, The Volvo Group, GE Capital,
Sandvik, Villeroy and Boch, E ON, Nokia,
Seaboard Corporation, FLSMIDTH, …
20 Corporates live
or implementing
Read the full article
More than 40 corporates live on BPO
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“We were able to share shipping documents with BNPP electronically and in a
matter of hours we received confirmation that they were fine.”
“In terms of ease of working, it’s very positive, and we plan to conduct BPOs with
full cargoes in the future.” Michael Van Steenwinkel
Global Credit Manager
BP Petrochemicals
Source: Global Trade Review
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16 banking groups live on BPO Including 6 of the top15 Trade banks (based on Cat 7 traffic)
“Isbank wants to continue its forerunner mission and be able to present new
products to its customers. The BPO offers us a great opportunity to achieve this as
the risk is minimal thanks to the non-documentary process.” Ali Gülhan
Assistant Manager
Foreign Trade & Commercial Loan Operations Division
Türkiye Is Bankasi (Isbank)
Source: SWIFT News
Thank you!
Web www.swift.com/corporates
Email [email protected]
Twitter @swiftcorporates
LinkedIn Corporates and Supply Chains on SWIFT
Contacts Global team contact list
SWIFT for Corporates
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