Standards Forum

How to model my own business process

based on existing ISO 20022 business processes

November 07, 2014

Chatroom:

“How to model my own business process based on

existing ISO 20022 business processes”

Agenda

1. Challenge: “provide specification of business element used in your

own solution”

2. Challenge: “provide business process specification of your own

service”

i. worked example: reduce a market practice business process

ii. Worked example: extend a market practice business process

3. Sneak preview of current work on-going at the ISO 20022 Technical

Support Group (TSG)

4. Resources available on www.ISO20022.org

2

Slide #1

3

1.) ISO 20022 Business Model: Domains / Business Processes

ISO 20022 domains Business Processes

Payments Payments

Credit Transfer

Direct Debit

Bank Account Management

Exceptions and Investigations

Commercial Trade

Invoice Financing

Guarantees

Securities Securities Settlement and Reconciliation

Securities Order

Post Trade Matching

Collateral

Corporate Action

Proxy Voting

Investment Funds

Trade services Treasury

Cards etc

FX etc

Slide #2

Your challenge “provide specification of business element used in your own solution”

Your starting point use existing ISO 20022 business model as starting point from where to drill down

Your approach Drill down to applicable business process, business component, business element and

message element

Worked example Specify how to identify a party in your own solution

Party Identification

4

Slide #2

Business Components

PartyIdentification & OrganisationIdentification

5

Slide #2

Message Components and traces

6

Slide #2

Based on the ISO 20022 Business Components, you can define

your own subset Message Component

Message Components and traces

7

Slide #2

Many other combinations already exist

If no existing Message Component meets your needs

• Define your own and submit to ISO 20022

• Define your subsets on a platform like:

• MyStandards

• GEFEG

Published Market Practice for ISO 20022 Business process

8 Source: www.smpg.info

Your challenge “provide business

process specification of

your own service”

Your starting point use existing business

process models of

global/local market

practice as baseline

Your approach Reduce and/or extend

business process of

baseline

Worked example i.) reduce baseline:

“Investment funds order

flow – your solution does

not implement status

messages”

Worked example ii.) extend baseline:

“investment funds order

flow – your solution uses

funds hub to reach out to

TAs with low order

volumes”

Slide #3

My own ISO 20022 business process:

9

Slide #3

“Investment funds order flow

Your solution does not implement status messages”

My own ISO 20022 business process:

10

Slide #4

“Investment funds order flow - Your solution does not implement status messages”

Direct

scenario

Indirect

scenario

Sneak preview of current work at

ISO 20022 Technical Support Group (TSG)

11

- Business processes of ISO 20022 standards modelled through BPMN

collaboration diagrams

- Formal codification of business rules

Slide #5

Under review

Pending

ISO20022 RMG

Approval

Resources available on www.iso20022.org

• ISO 20022 business model: http://www.iso20022.org/business_model.page

– standardized business concepts across all ISO 20022 message definitions (alignment

across business areas)

– clear definitions of industry business concepts and their relationships (not just for

external communication, also for internal enterprise communication)

– a foundation for communication between industry players (not just for messaging, also

for databases and regulatory reporting)

– easy mapping with other standards (not just external standards, also internal proprietary

formats)

• ISO 20022 business model definitions:

http://www.iso20022.org/documents/Business_Model/BusinessModelDefinitions.zip

• Repository search:

http://www.iso20022.org/standardsrepository/public/dictionaryModel/repositorySearch.xhtml

• E-repository: http://www.iso20022.org/e_dictionary.page

– http://www.iso20022.org/documents/eRepositories/Metamodel/20140404_ISO20022_2013_eRepository.zip

Metamodel: http://www.iso20022.org/documents/eRepositories/Metamodel/ISO20022_2013_ecore_metamodel.zip

– Subscribe to the ISO 20022 e-Repository notification service:

http://www.iso20022.org/e_dictionary.page

SWIFT Operations Forum 2010, La Hulpe 12

Slide #6

13

Thank You