Il valore strategico delle infrastrutture nel rapporto Banca-Impresa nel nuovo scenario SEPA

Transcription

1 Il valore strategico delle infrastrutture nel rapporto Banca-Impresa nel nuovo scenario SEPA Isabelle Olivier, Head of South East Europe, SWIFT Italy SEPA event, AITI & Assolombarda, 6 Febbraio 2009

2 Agenda About SWIFT SWIFT for corporates Corporate Drivers Benefits Connectivity options SEPA and the current crisis as additional incentives

3 About SWIFT A co-operative organization serving the financial industry A provider of highly secure financial messaging services The financial standardisation body

4 SWIFT in the Corporates to Banks Standards MT standards for Payments, Statements, Treasury, Trade Finance and Securities flows MX / IS standards for What SWIFT for Corporates MT Implementation Guide : Complements SWIFT UserHandBooks Contains additional rules and guidelines Objective Address issues flagged by corporates & banks in C2B space through agreed rules and guidelines Foster standardized usage of MTs in C2B space Where ISO Payment Initiation ISO B2C Account Reporting ISO Bank Transaction Code list ISO Electronic Bank Account Management ISO Mandates for Direct Debits Exceptions and Investigations Investment Funds Etc. swift.com download via SCORE page swift.com User HandBooks on-line

5 Agenda About SWIFT SWIFT for corporates Corporate Drivers Benefits Connectivity options SEPA and the current crisis as additional incentives

6 SWIFT: a single, standardised gateway Multiple bank channels Single, standardised gateway Corporate Corporate Accounts payable VAN Accounts payable Accounts receivable Treasury Other host to host X e-banking Y Leased line Internet Accounts receivable Treasury Other Standardised gateway e-banking Z High cost No global visibility on cash DifficuIt to centralise Global visibility on cash Lower cost Increased control and security Reduced risk 6

7 Corporate Treasury drivers Sub heading if required COMPLIANCE Regulators (SOX, Basels2) Internal controls COSTS FTE Infrastructure Better liquidity Management Automation Standardisation Centralisation RISK Operational Security TECHNOLOGY Web (IP) KPI

8 Corporates on SWIFT Where do we stand today? # registered corporate entities Geographical split In Italy: Telecom Italia FIAT 402 IFAD Fenice Candy Custom 282 House Polti Enel 181 Geox KME 108 Mapei 55 Mediaset Almo Nature Autostrade Q Alitalia Costa Crociere Americas Asia Pacific 20% 11% 69% EMEA

9 A corporate s use of SWIFT Treasury Management Monitor accounts and obtain global visibility on cash by integrating statements into treasury systems Manage liquidity and pool cash company-wide, by sending payment orders Do financial risk management, by exchanging FX confirmations and matching them Invest surplus cash Cash Management Run payment / direct debit factory to pay suppliers, debit customers, pay salaries, and receive account statements and advices ACH payments, disbursement files, check files

10 Treasury management Account central treasury 1 Local treasury A Central treasury MT 910/942 MT 101 Accounts treasury A A1 A2 Local treasury B Local treasury C Corporate intranet Central liquidity management No need to consult different websites End-of and intra-day statements can be integrated in TMS, to give visibility on global level and each entity MT 900/942 MT 101 Accounts central treasury 1 MT 900/942 MT 910/942 2 Moving money to a central account Funding a local account Accounts treasury C C1 C2

11 Cash management Local treasury A Payment file Central payment and direct debit factory Domestic format Accounts treasury A A1 A2 Payment file MT 101 Accounts treasury B B1 B2 B3 Local treasury B ISO Local treasury C Payment file Central control of all payments / direct debits Integration into ERP SWIFT file transfer supports any format Accounts treasury C C1 C2

12 Risk management MT 103 Sell USD, Against EUR MT 101 Account central treasury MT 900/942/950 USD correspondent of Counterparty Central treasury MT 900/942/940 MT 300 MT 910/942/950 Match confirmations Counterparty MT 300 SWIFTNet Accord MT 910/942/940 MT 103 MT 210 MT 900/942/950 Account central treasury

13 Enabling new bank services Q /2010 Trade finance Exception and investigation Secure mail Personal digital identity Bank mandates ISO reporting

14 Key benefits Funds visibility Cost savings Control, Security, Reliability Obtain visibility on cash across multiple banks, to improve working capital management Rationalise multiple proprietary connections, all different Increase straight-through-processing and staff productivity Better control on payment initiation Increase overall security and reliability Compliance Reduce administrative work to document bank communication processes (SOX)

15 Case studies and customer testimonials (5 year business case analysis) Arcelor Mittal 600% ROI DuPont 200% ROI GE 410% ROI Iberia 280% ROI Microsoft 326% ROI Novartis 120% ROI Petronas 410% ROI T-Mobile 180% ROI Swiss Re 4 x savings to investment BELCORP EADS Yves Rocher

16 Different connectivity options for all needs Private infrastructure SWIFTNet connectivity infrastructure owned and operated by the customer Users Apps VPN SWIFTNet As from 22,000 one time / year Indirect connectivity SWIFTNet connectivity infrastructure owned and operated by third party Users Apps Shared infra VPN provider SWIFTNet As from 1,275 one time + 2,400 / year + service bureau fees Alliance Lite Simplified, Internet based, secure connectivity, more business oriented Users Apps Internet SWIFTNet Alliance Lite: from 200 to 850 per month all inclusive

17 Agenda About SWIFT SWIFT for corporates Corporate Drivers Benefits Connectivity options SEPA and the current crisis as additional incentives

18 SEPA and the financial crisis as additional incentives Treasurers want Risk diversification Multi-bank Real Time Cash Reporting Efficient instruments to move liquidity safely SEPA accelerates Treasury centralisation Simplification of payment instruments Better liquidity management Optimisation of processes SWIFT can provide key building blocks Single channel to all banks BICPlusIBAN directory as reference data ISO standards and rulebook SWIFTReady applications 18

19 The role of SWIFT in the interactions between Corporates and Banks The current difficult economical context, SEPA, On-going Corporate centralisation projects force Corporates to: innovate and reduce costs SWIFT connectivity for Corporates is the innovative solution to - streamline your internal financial process - manage efficiently your liquidity & any financial flow - easily access the banks that offers the best services - be compliant with regulations

20 More info: SWIFT for corporates community ~ 900 members Case Studies External Bloggers

21 Contact details Isabelle Olivier Head of South East Europe SWIFT Corso G.Matteotti, Milano Italy T D F M E W isabelle.olivier@swift.com swift.com Barbara Sacchi Senior Account Director South Europe, Middle East & Africa SWIFT Corso G.Matteotti, Milano Italy T D F M E W barbara.sacchi@swift.com swift.com