SWIFT presentation SWIFT for Corporates - Do not share without SWIFT's prior consent 2
What’s SWIFT? 3 +12k customers connected core values worldwide community innovation +200 excellence countries 3 a cooperative serving the financial industry since pillars built with and for the 1973 community shared ~3k messaging services integration & employees worldwide interfaces SWIFT for Corporates - Do not share without SWIFT's prior consent 3
Where’s SWIFT? Stockholm Moscow London Frankfurt Brussels Seoul Vienna Paris New York Beijing Zurich Tokyo Milan Madrid Dubai Shanghai Miami Hong Kong 27 Mumbai Nairobi Mexico City Kuala Lumpur Accra offices Singapore São Paulo Johannesburg Sydney SWIFT for Corporates - Do not share without SWIFT's prior consent 4
Who’s using SWIFT? D EPOSITORIES S TOCK E XCHANGES G LOBAL BANKS C USTODIANS CSD S T RADE REPOSITORIES F UND MANAGERS C ORPORATES M ARKET INFRASTRUCTURES C ENTRAL B ANKS C LEARING & S ETTLEMENT SYSTEMS B ROKERS / DEALERS SWIFT for Corporates - Do not share without SWIFT's prior consent 5
SWIFT & corporates SWIFT for Corporates - Do not share without SWIFT's prior consent 6
+2,100 SWIFT and Corporates – A love story ! +370 corporates on the are French, 1 st market network WW Payments, Cash Financial Onboarding & SWIFTgpi KYC & Identity Management & Crime & Formats Trade Compliance SWIFTgpi KYC for Corporates SWIFTgpi for Corporates SWIFT for Corporates - Do not share without SWIFT's prior consent 7
SWIFTgpi & SWIFTgpi for Corporates initiatives SWIFT for Corporates - Do not share without SWIFT's prior consent 8
How gpi works? Traceable Intermediary Your bank 2 End-to-end payment tracking bank & payment confirmation gpi a1700db1-90b2-4948-83d8-6309c5c34a3d Invoice SWIFTgpi Your company Rulebook $ >¥ Faster payments 1 Beneficiary’s bank Same day use of funds* Beneficiary Transparent fees 3 Full remittance data 4 Deducts and FX Unaltered reconciliation info SWIFT for Corporates - Do not share without SWIFT's prior consent 9 *Within the time zone of the receiving gpi member
gpi adoption 300,000,000,000 USD 840+ sent daily via gpi Live banks 3900+ Committed banks 1900+ 65+% of SWIFT country corridors cross- border payments sent as gpi SWIFT for Corporates - Do not share without SWIFT's prior consent 10
SWIFT gpi is very fast! 0% 5% 10% 15% 20% 25% 30% 35% 40% 38% Within 5 minutes Between 5 and 15 minutes 8% Between 15 and 30 minutes 4% 94% Between 30 minutes and 1 hour 5% Between 1 and 2 hours 6% Between 2 and 4 hours 8% within 24h Between 4 and 6 hours 5% Between 6 and 12 hours 9% Between 12 and 24 hours 11% More than 1 day 7% SWIFT for Corporates - Do not share without SWIFT's prior consent 11
SWIFT GPI DEFINING NEW STANDARD FOR INTERNATIONAL PAYMENTS BNP Paribas strongly believes in this initiative and has amongst the largest SWIFT gpi footprints with 10 locations LIVE and more to follow in 2020. Indeed, we believe the adhesion is global and it is critical for banks to join this initiative to guarantee best-in-class processing of International Payments. 10+ more locations Cash Management 12
SWIFT GPI DEFINING NEW STANDARD FOR INTERNATIONAL SWIFT gpi is finally addressing some key PAYMENTS pain points of cross-border payments to The International Payments processing relies on chain of banks deliver concrete improvements to working together. The multiplication of partners multiply the change of single point of failure. This is being addressed with SWIFT gpi. treasurers : Having more than 10+ million cross-border payments per annum ✓ SPEED with same day credit in 130+ currencies and offering a global reach with one of the most inclusive global Cash Management footprints with presence in 55 countries, it is a mandatory requirement to size such opportunities to ✓ TRACEABILITY sharing status and improve service quality for corporates. confirming credit Today, all cross-border transactions sent through the LIVE ✓ TRANSPARENCY on fees, banks, branches will be respecting the SWIFT gpi SLA , regardless the timing and status channel or currency used . BNP Paribas made it a priority and invested heavily in parallel in the renewal of their International Payment infrastructure. Cash Management 13
gpi experience for Corporates Generation of tracking reference by corporate X Multi-bank payment initiation & tracking X X Self service tracking in e-banking Improve your experience with 1 = international payments through banks Tracking through support desk support teams = Speed, transparency, unaltered remittance Generation of tracking reference by corporate X Multi-bank payment initiation & tracking X 2 = Self service tracking in e-banking Self service web access to the tracker = Tracking through support desk = Speed, transparency, unaltered remittance = Generation of tracking reference by corporate = Multi-bank payment initiation & tracking 3 Fully integrated tracking trough ERP & = Self service tracking in e-banking TMS systems = Tracking through support desk = Speed, transparency, unaltered remittance SWIFT for Corporates - Do not share without SWIFT's prior consent 14
SWIFT GPI EASY FOR YOU TO ACCESS THE INFORMATION Different You channels to get the information on your BNPP gpi via BNP Paribas Via BNP Paribas Via your owner ERP/ Customer Support e-banking platform TMS (g4C) outgoing ✓ Send your payment file with your own UETR ✓ Receive gpi tracker status real-time payments → (MT199/ pain002) ✓ Bank acgnostic Liaise via BNPP with your vendor for more details of accessible functionalities Cash Management 15
SWIFT GPI BNP PARIBAS USE CASES FOR CORPORATES : THANKS TO FULL TRANSPARENCY INTO PAYMENT ROUTING, FEES AND APPLIED FX OF THE SWIFT TRACKER: BNPP SUPPORT IS TRACK & TRACE INTEGRATE ALL PUSH BETTER BETTER EQUIPPED REAL-TIME & SELF- THE TRACKER NOTIFICATIONS TO MANAGEMENT OF SERVICE INFORMATION IN YOUR INCOMING YOUR ERP/ TMS BENEFICIARIES Each BNP Paribas Track & trace yourself BNP Paribas shares to As you initiate your BNP ( under development) customer support is your transactions real- your ERP/TMS vendor Paribas transactions, a link is BNP Paribas aims to better equipped to time in your e-banking directly and real-time the sent to your designated enable you to track & answer your questions platform, either for data SWIFT tracker status beneficiaries for them to track trace incoming flows and track & trace your crunching, visibility or messages related to your & trace the payment, with pro-active alerting payments with direct investigation transactions to integrate fostering trust and visibility and smoothen cash access to the SWIFT directly in the system. with your internal and forecasting tracker external counterparties Cash Management 16
Corporate SWIFT gpi for Corporates Receivables Payables Inbound Tracking Pay and Trace Pilot (started Sep 2019) Live ✓ ✓ gpi payment initiation Payment advice ✓ ✓ Tracking of outgoing payments Tracking of incoming payments ✓ ✓ Real-time credit confirmation (at bene) Real time credit confirmation (own account) ✓ Payment insights (time, routing, fees, … ) ✓ Payment insights (time, routing, fees,…) Tracking Payment gpi Payment + UETR advice Open C2B API Planned (Q2 2020) Standardised and interactive Corporate-to-bank API providing real-time tracking for Pay and trace and Inbound tracking across SWIFT and proprietary channels g4C service level agreement rulebook SWIFT for Corporates - Do not share without SWIFT's prior consent 17
gpi principles applied to corporates – Pay & Trace gpi payments tracker 3 MT 101 + UETR, pain.001 + UETR(s) TMS/ERP 1 2 4 MT 103 + UETR & MT 103 + UETR & STI:001 STI:001 MT 199 + UETR & STI:003 / pain.002 + UETR(s) * Beneficiary Ordering corp Instructing gpi Agent Corporate generates and includes UETR in the payment g4C confirmations 1 instruction (MT 101 – unitary payment / pain.001 – unitary and ▪ Delivered to beneficiary bank as non- gpi bulk payments) ▪ Delivered to beneficiary bank as gpi Bank creates MT103 including UETR generated by the 2 ▪ Beneficiary has been credited corporate ▪ Transaction was rejected ▪ Payment has left gpi Tracker delivers B2C specific confirmations to Instructing bank 3 Instructing bank relays back to ordering corporate (MT 199* / 4 pain.002) as-it-happens *Banks can send pain.002 instead of MT 199 (single transaction confirmation as-it-happens) in mutual agreement with their corporate pairs. SWIFT will not support testing or perform format SWIFT for Corporates - Do not share without SWIFT's prior consent 18 validation in pain.002 in the scope of Early Adopters Phase
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