translating data to informationtranslating data to ... · industry needsindustry needs immediate...

Translating Data to Information ‘SWIFTly’Translating Data to Information SWIFTly

April 26, 2013

© G Treasury SS, LLC 2008-2013

P bl i TProblems in Treasury


Industry NeedsIndustry Needs

Immediate /Real time f

Faster & Si l

Information

Automation/ STP

Simpler payments

Bank agnostic solutions

Evolving security

Business Intelligence/Analytics for

Risk mitigation/

Tighter controls

proactive decisions

Technology driven

solutions


It All St t With D tIt All Starts With Data


Challenges with informationChallenges with informationDriving the usage of SWIFT

• Multitude of existing standards; each with complex regional, payment type and bank specific needs

C tCorporates• Need to make decisions proactively• Multiple systems processes controlsMultiple systems, processes, controls• Resource intensive• Difficulties centralising• Require technology tools to support the business

process


Formats Used for Wire Transfer Information

AllAll Organizations

BAI 54%

SWIFT MT 30

EDI/STP 820 23

P iProprietary 12

ISO 20022 XML or SWIFT MX 2

Other XML 2

Other 22

*Percent of Organizations


Standards and SWIFTNet MessagingStandards and SWIFTNet Messaging

Typical application

Treasury and Risk

Management

Cash Management

Exceptions and Investigations

Standards and formats SWIFT MTs

ISO 20022Domestic formats

ISO 20022

SWIFTNet messaging FIN FileAct InterAct

• MT 101 for high value Example • ACH files • Exceptions & Investigationstreasury payment

• MT 940 with end-of-day account statement

• MT 300 FX confirmation

Example• Supplier payments • Direct debits • Salary payments• BAI/EDI files

EBAM

7

• EBAM


FIN traffic: Annual growth 20,3%g , %Total FIN traffic exchanged by corporates (TRCO, MA-CUG, SCORE)# 000 messages (live and pilot)

11,054 11,249 11,778

12,312 13,300 Received by corporates

Sent by corporates

+4.7% +4.5%+8%

8,809 8,880 9,334 9,796 10,703

+1.8%4.7%

8,809

2,245 2,369 2,444 2,516 2,597

Q4 '11 Q1 '12 Q2 '12 Q3 '12 Q4 '12


Annual growth (Q4 ’11 vs. Q4 ’12): 20,3%

FileAct files: Annual growth> 50%g %FileAct traffic exchanged by corporates # 000 files (live and pilot)

2,866

2,106 2,294

2,640 Received by corporatesSent by corporates

+15 1%

+8.6%

1,4411,567

1,830 1,940 1,838

+15.1%

+14.6%+8.9%

1,268 1,441

570 665 727 810 926

Q4 '11 Q1 '12 Q2 '12 Q3 '12 Q4 '12


Annual growth (Q4 ’11 vs. Q4 ’12): 55,9%

M i th D tMoving the Data


SWIFT StandardsSWIFT StandardsPriority in treasury

Where ismy cash?

Can I move my cash?

Can I reach all

my banks?y

MT 940 MT 101 Multi-bank gateway


Overview of SWIFT

P L AT F O R M

SWIFT Networks• SWIFTNet

SWIFT I fSWIFT Interfaces• Alliance Portfolio• Integration Platform

Standards• ISO 15022 = MT

SWIFT Products and Solutions

Messaging (FIN FileAct)• ISO 15022 = MT messages

• ISO 20022= MX messages

• Messaging (FIN, FileAct)• Business Intelligence• SWIFT for Corporates• EBAM• 3SKey• Trade

SWIFT Services• Consulting• Systems Integration• Outsourcing• Project

Trade

SWIFT for Corporates

Management

12© G Treasury SS, LLC 2008-2013

Reference data

Who’s the USD-correspondent

Your needs..

Is this IBAN correspondent of Afriland Bank Is this BIC

still active?Is Stuttgart

Bank SEPA-What do i

need to build

Is this IBAN valid?

Which BIC

What is the national

clearing code f B k f

ready ? Which IBAN and BIC correspond to my suppliers’ local

account?

need to build a Bank

master file?

Which BIC belongs to this IBAN?

of Bank of Taiwan ?

account?What is the

BIC of Banco Real?

13


Data collectionF lti lFrom multiple sources

central banks,banking associations,data vendors

collecting data from individual

collecting data from communities

SWIFTRef data team

online datamaintenance

system

from individual FIs

from communities

Comsysmaintenance

initial loadconsolidated

data

SWIFTdata

maintenancePAK – Publishing Area

K

FIsnational

community

SWIFTRef

utility


Key

Distribution channels5 channels available5 channels available

manual query tools(daily updates)

data feeds(daily updates)

File download (monthly updates)

internet

( y p )

internet internetSWIFT

Refinternet

SWIFTNetFileAct

Refutility

web services(daily

FileAct

File delivery(monthly


updates) updates)

D t M i l tiData Manipulation


Transformation of Data

ACCOUNTS

TREASURY

TRADE

Treasury Dashboards

TRADEFINANCE

SWIFT for Corporates 17© G Treasury SS, LLC 2008-2013

Normalizing Data

User Codes• Categorize information• ACH’s• WiresUse Codes• Lockbox's• Checks

Acco nt• Roll Up Information• RegionAccount

Trees • Region • Currency • Entities• Banks

Treasury Dashboards

• Displays Information• Cash & Liquidity • Forecasting • Reconciliation

Fi i l I t t A ti itDashboards • Financial Instrument Activity• Statements• Account Analysis

© G Treasury SS, LLC 2008 -2013


Data Augmentation

SWIFTInternal

Data

- Accounts Payable- Accounts Receivable- General Ledger

- FIN- FileAct- InterAct

T D hb dTreasury Dashboards

Third Party

R t P id- Subsiduaries

F dManual

19

Data- Rate Providers- Custodians- Trading Systems

- Forecast data- Budgets

Manual Entry

19© G Treasury SS, LLC 2008-2013

I f tiInformation


Cash Example


Forecasting Example


Payment Example• Routings• SEPA Compliancep• OFAC Checking• Bank Messages• Real-time Messaging


Real time Messaging

Track Liquidity

Monitor Exposures


The Future Today – eStatementsyAutomating end of month bank statements


The Future Today - eBAM


GTWarren Davey

SWIFT P A i IMatteo Monaco

GTreasuryExecutive Vice President(403) 269 3262

SWIFT Pan-Americas Inc.Head of Corporate Sales N.A.

(403) [email protected]

(212) [email protected]


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