Translating D ata Data to to Information Information SWIFTly SWIFTly

Transcription

1 Translating Data to Information SWIFTly April 26, 2013

2 Problems in Treasury

3 Industry Needs Immediate /Real time Information Faster & Simpler payments Automation/ STP Bank agnostic solutions Evolving security Business Intelligence/ Analytics for proactive decisions Technology driven solutions Risk mitigation/ Tighter controls

4 It All Starts t With Data

5 Challenges with information Driving the usage of SWIFT Multitude of existing standards; each with complex regional, payment type and bank specific needs Corporates Need to make decisions proactively Multiple systems, processes, controls Resource intensive Difficulties centralising Require technology tools to support the business process

6 Formats Used for Wire Transfer Information BAI SWIFT MT EDI/STP 820 Proprietary ISO XML or SWIFT MX Other XML Other All Organizations 54% *Percent of Organizations

7 Standards and SWIFTNet Messaging Typical application Treasury and Risk Management Cash Management Exceptions and Investigations Standards and formats SWIFT MTs ISO Domestic formats ISO SWIFTNet messaging FIN FileAct InterAct Example MT 101 for high value ACH files Exceptions & Investigations treasury payment Supplier payments MT 940 with end-of-day Direct debits account statement Salary payments MT 300 FX confirmation BAI/EDI files EBAM 7

8 FIN traffic: Annual growth 20,3% Total FIN traffic exchanged by corporates (TRCO, MA-CUG, SCORE) # 000 messages (live and pilot) Received by corporates Sent by corporates 11,054 11, % +4.7% 11, % 12,312 +8% 13,300 8,809 8,880 9,334 9,796 10,703 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%

9 FileAct files: Annual growth> 50% FileAct traffic exchanged by corporates # 000 files (live and pilot) 2,866 Received by corporates 2,640 Sent by corporates 2,106 2, % 1% +8.6% 1, % +8.9% 1,830 1,940 1,268 1,441 1, Q4 '11 Q1 '12 Q2 '12 Q3 '12 Q4 '12 Annual growth (Q4 11 vs. Q4 12): 55,9%

10 Moving the Data

11 SWIFT Standards Priority in treasury Where is my cash? Can I move my cash? Can I reach all my banks? MT 940 MT 101 Multi-bank gateway

12 Overview of SWIFT SWIFT Networks SWIFTNet SWIFT Interfaces Alliance Portfolio Integration Platform Standards ISO = MT messages ISO 20022= MX messages SWIFT Services Consulting Systems Integration Outsourcing Project Management PLATFORM SWIFT Products and Solutions Messaging (FIN, FileAct) Business Intelligence SWIFT for Corporates EBAM 3SKey Trade SWIFT for Corporates 12

13 Reference data Your needs.. Is this IBAN valid? What is the national clearing code of fbank of Taiwan? Is Stuttgart Bank SEPAready? Which BIC belongs to this IBAN? Who s the USD- correspondent of Afriland Bank What do i need to build a Bank master file? What is the BIC of Banco Real? Is this BIC still active? Which IBAN and BIC correspond to my suppliers local account? 13

14 Data collection From multiple l sources collecting data from communities online data maintenance system central banks, banking associations, data vendors SWIFTRef data team collecting data from individual FIs maintenance Comsys data national community consolidated data SWIFT Ref utility initial load maintenance PAK Publishing Area Key FIs

15 Distribution channels 5 channels available data feeds (daily updates) manual query tools (daily updates) internet File download (monthly updates) internet internet SWIFT Ref utility internet SWIFTNet FileAct web services (daily updates) File delivery (monthly updates)

16 Dt Data Manipulation lti

17 Transformation of Data ACCOUNTS TREASURY Treasury Dashboards TRADE FINANCE SWIFT for Corporates 17

18 Normalizing Data User Codes Account Trees Treasury Dashboards Categorize information ACH s Wires Lockbox's Checks Roll Up Information Region Currency Entities Banks Displays Information Cash & Liquidity Forecasting Reconciliation Financial i Instrument t Activity it Statements Account Analysis G Treasury SS, G LLC Treasury SS, LLC

19 Data Augmentation Internal Data - Accounts Payable - Accounts Receivable - General Ledger -FIN - FileAct -InterAct SWIFT Treasury Dashboards Manual Entry - Subsiduaries - Forecast data - Budgets - Rate Providers - Custodians - Trading Systems Third Party Data 19 19

20 Information

21 Cash Example

22 Forecasting Example

23 Payment Example Routings SEPA Compliance OFAC Checking Bank Messages Real-time Messaging

24 Track Liquidity Monitor Exposures

25 The Future Today estatements Automating end of month bank statements

26 The Future Today - ebam

27 Warren Davey GTreasury Executive Vice President (403) Matteo Monaco SWIFT Pan-Americas Inc. Head of Corporate Sales N.A. (212)