arc 2014 swiftref

SWIFTRef update Visit us at www.swift.com/swiftref

Pieter Apers, SWIFT June 2014 African Regional Conference, Marrakech

SWIFTRef - purpose

SWIFTNet for connectivity

SWIFT/ISO standards for the format

SWIFTRef for identification & routing

MT103

reference

data

Efficient and secure messaging

+

+

=

SWIFTRef – the utility

Beneficary’s BIC Beneficiary’s acc.nb Intermediary BIC Intermed. acc. nb Intermed. bank code Payment system X FIN service Y .......

ISO

SSI

SSI

sort c. SWIFT

BA

EPC EBA

SSI

Beneficary’s BIC Beneficiary’s acc.nb Intermediary BIC Intermed. acc. nb Intermed. bank code Payment system X FIN service Y .......

ISO

SSI sort c.

EBA

SSI

SSI

SWIFT

EPC

BA

Before You maintain the data

Now SWIFTRef Utility

Yesterday

you needed to worry

about maintaining

payments reference data

from different sources.

Today,

with SWIFTRef utility,

get consolidated data

through a

single channel

3

Where is SWIFTRef data used

Payments and treasury transactions

• Automated (integration capabilities!) and manual processing

• Standing settlement instructions

Securities entity identification

• BIC, LEI

Correspondent due diligence and risk management

• Cross-referencing of identifiers

• Financial information

• Hierarchy and ownership

Compliance and Regulatory Reporting

• SEPA, MiFID (FSA), LEI, FATCA, KYC, …

Cost Risk Compliance

4

6

Name: George

Amount: 100 USD

Account: 5000002096

Bank: LANDESBANK HESSEN-THU

BLZ: 508 500 49

BIC: HELADEFF508

payment

7

Name: George

Amount: 100 USD

Account: 5000002096


BLZ: 508 500 49

BIC: HELADEFF508

8

BIC HELADEFF508

NATIONAL ID 50850049

CHIPS ID

014079

LEI

549300JJGF1MHHWUAW70

Name & Address

LANDESBANK HESSEN-THU Bank

Details

Name: George

Amount: 100 USD

Account: 5000002096


BLZ: 508 500 49

BIC: HELADEFF508

9

BIC HELADEFF508


CHIPS ID

014079

LEI


Name & Address

LANDESBANK HESSEN-THU

Hierarchy

Bank Directory

Plus

Bank

Details

10

BIC HELADEFF508


CHIPS ID

014079

LEI


Name & Address


Correspondent

Banking Payments

Hierarchy

Payer In CA

Bank Directory

Plus

Bank

Details

International payment

Name: George

Amount: 100 USD

Account: 5000002096


BIC: HELADEFF508

VIA: CITIUS33XXX

USD

11

BIC HELADEFF508


CHIPS ID

014079

LEI


Name & Address


Correspondent

Banking Payments

Hierarchy

Payer In CA

Bank Directory

Plus

Bank

Details


Name: George

Amount: 100 USD

Account: 5000002096


BIC: HELADEFF508

VIA: CITIUS33XXX

USD

PAYMENT TYPE

COPA

CURRENCY

USD

12

BIC HELADEFF508


CHIPS ID

014079

LEI


Name & Address


CORRESPONDENT CITIUS33XXX

Correspondent

Banking Payments

Hierarchy

Payer In CA

Bank Directory

Plus

Bank

Details


Name: George

Amount: 100 USD

Account: 5000002096


BIC: HELADEFF508

VIA: CITIUS33XXX

13

BIC HELADEFF508


CHIPS ID

014079

LEI


Name & Address


Correspondent

Banking Payments

Hierarchy

Bank Directory

Plus

Bank

Details

PAYMENT TYPE

COPA

CURRENCY

USD


SSI Plus

14

BIC HELADEFF508


CHIPS ID

014079

LEI


Name & Address


Correspondent

Banking Payments

Domestic Payments

High Value Payments

Hierarchy

Bank Directory

Plus

Bank

Details

PAYMENT TYPE

COPA

CURRENCY

USD


SSI Plus

Name: George

Amount: 100 CHF

Account: 5000002096


CH BC: 89034

Via system: SIC

Payer In CH

domestic payment

Clearing &

Settlement

Service

15

BIC HELADEFF508


CHIPS ID

014079

CURRENCY

CHF

SERVICE ID

SIC

LEI


Name & Address


Correspondent

Banking Payments

Domestic Payments

High Value Payments

Hierarchy

Bank Directory

Plus

Bank

Details

PAYMENT TYPE

COPA

CURRENCY

USD


SSI Plus

Name: George

Amount: 100 CHF

Account: 5000002096


CH BC: 89034

Via system: SIC

PARTICIPANT ID 89034

INTERMEDIARY ID

20046

Payer In CH

domestic payment

16

BIC HELADEFF508


CHIPS ID

014079

INTERMEDIARY ID

-

CURRENCY

CHZ

SERVICE ID

SIC

LEI


Name & Address


Correspondent

Banking Payments

Domestic Payments

High Value Payments

Hierarchy

Service Directory

Bank Directory

Plus

Bank

Details

PAYMENT TYPE

COPA

CURRENCY

USD


SSI Plus


17

BIC HELADEFF508


CHIPS ID

014079

INTERMEDIARY ID

-

CURRENCY

CHZ

SERVICE ID

SIC

LEI


Name & Address


Correspondent

Banking Payments

Domestic Payments

High Value Payments

Hierarchy

Service Directory

Bank Directory

Plus

Bank

Details

Name: George

Amount: 100 EUR

IBAN: DE95 5005 0000 5000 0020 96

BIC: HELADEFF

PAYMENT TYPE

COPA

CURRENCY

USD


SSI Plus


SEPA payment

18

BIC HELADEFF508


CHIPS ID

014079

INTERMEDIARY ID

-

CURRENCY

CHZ

SERVICE ID

SIC

LEI


Name & Address


Correspondent

Banking Payments

Domestic Payments

High Value Payments

Hierarchy

Service Directory

Bank Directory

Plus

Bank

Details

Name: George

Amount: 100 EUR

IBAN: DE95 5005 0000 5000 0020 96

BIC: HELADEFF

PAYMENT TYPE

COPA

CURRENCY

USD


SSI Plus


SEPA payment

19

BIC HELADEFF508


CHIPS ID

014079

IBAN BIC

HELADEFFXXX

IBAN NATIONAL ID

50050000

INTERMEDIARY ID

-

CURRENCY

CHZ

SERVICE ID

SIC

LEI


Name & Address


Clearing &

Settlement

Service

Correspondent

Banking Payments

Domestic Payments

High Value Payments

Hierarchy

Service Directory

Bank Directory

Plus

Bank

Details

Name: George

Amount: 100 EUR

IBAN: DE95 5005 0000 5000 0020 96

BIC: HELADEFF

PAYMENT TYPE

COPA

CURRENCY

USD


SSI Plus


20

BIC HELADEFF508


CHIPS ID

014079

IBAN BIC

HELADEFFXXX

IBAN NATIONAL ID

50050000

INTERMEDIARY ID

-

CURRENCY

CHZ

SERVICE ID

SIC

LEI


Name & Address


Clearing &

Settlement

Service

Correspondent

Banking Payments

Domestic Payments

High Value Payments

IBAN Plus

Hierarchy

Service Directory

Bank Directory

Plus

Bank

Details

PAYMENT TYPE

COPA

CURRENCY

USD


SSI Plus


Product

24

Delivery channels

Automated file download

(API)

APIs (web services)

internet

Manual file download

FileAct (automated)

Manual query tool (BWO)

internet

internet

SWIFTNet

SWIFTRef utility

internet

TXT

XML

Formatting Monthly

Daily

Frequency

25

Alliance Access/Entry Bank File encryption

Legal terms of bank file use - freely available as part of the Alliance Access/Entry licence but may only be used

within it

Encryption of the bank file

- to avoid misuse, a decision was made to now encrypt the Bank file and therewith limit readability to Alliance Access/Entry only.

Implementation - a message standards patch, which becomes available July 2014, will require as of its

implementation upload of the newly formatted bank file. For Alliance Access/Entry this change will be transparent.

- from November 2014, when the message standards patch becomes mandatory, the current format of the bank file will no longer be available.

Consequence - For most customers this will be transparant, however… - Customers who are using the bank file for other purposes, can upgrade to the BIC

directory download (close match, or BankDirectory Plus) to feed Reference Data in these other (non-Alliance Access/Entry) applications and systems.

Start your free trial today via

www.swift.com/SWIFTRef

For more information, please visit

www.swift.com/SWIFTRef

Contact us directly at

[email protected]

https://www.swiftrefdata.com/en/uams/uams/trialrequest

http://www.swift.com/SWIFTRef

mailto:[email protected]

Questions ?

Back-up slides

[email protected]

Institution Search Extensive search criteria available

Institution Search Complete BICs-overview based on parent BIC or institution name

Institution Search Detailed institution details overview

Institution Search Detailed payments data overview

Full SSI details for all currencies (including

account number) always available via

“View detail”

Institution Search Legal entity (LEI) and compliance data

Full details always available via “View detail”

arc 2014 swiftref

Economy & Finance