Corporates are you ready

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    14-Jul-2015

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  • 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

    3

  • 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

    4

  • Secure financial connectivity

    A B O U T

    Adopting SWIFTs 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

    5

  • 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%

    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

  • 8

    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

  • 9

    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%

  • 10

    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

    11

    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

  • 12

    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.

  • 14

    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

    15

    SWIFTRef MyStandards Application Provider (ASP) Trade finance

  • SWIFTRef corporate adoption

    MyStandards bank adoption

    16

    Automation and compliance

  • SWIFTRef corporate adoption 20 new corporates register to SWIFTRef in Q4 2014

    17

    Using SWIFT connectivity 166

    Non-connected corporates 292

    Total number of corporates 458 Automation and

    compliance

  • 18

    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

    19

  • MT 798 adoption

    BPO adoption

    20

    Certainty and efficiency in the

    supply chain

  • 21

    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

    22

    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, its 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

  • 23

    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 Glhan Assistant Manager

    Foreign Trade & Commercial Loan Operations Division

    Trkiye Is Bankasi (Isbank)

    Source: SWIFT News

  • Thank you!

    Web www.swift.com/corporates

    Email swiftforcorporates@swift.com

    supplychain@swift.com

    Twitter @swiftcorporates

    LinkedIn Corporates and Supply Chains on SWIFT

    Contacts Global team contact list

    SWIFT for Corporates

    24