SWIFT gpi for corporates

Cross-border payments, transformed

Oct, 2018
Spotlight on cross-border payment challenges

Martin Schlageter Peter Claus-Landi Brooke Tilton Michel Verholen

Head of Treasury Operations Director banking initiatives Vice President, Treasury Operations Director, Global Treasury Center
Roche General Electric Viacom Zoetis

Speed Transparency Tracking Remittance information

“Critical business “Many times we don’t “I’m not able to tell when the “We miss information regarding
requires faster payment have visibility on the fees money hits the beneficiary’s the invoice and the payer
execution” lifted along the way” bank account” for timely reconciliation”

SWIFT gpi for corporates - October 2018 2

Time for SWIFT gpi

SWIFTgpi
Faster payments
1 Same day use of funds*

Accessible by
any bank Traceable
End-to-end payment tracking
2 & payment confirmation

Core
transaction SLA rulebook
banks Transparent fees
3 Deducts and FX

Reaching
any bank
Full remittance data
4 Unaltered reconciliation info

Accessible by
any corporate

SWIFT gpi for corporates - October 2018 3

SWIFT gpi: secure, faster, traceable & transparent cross-border payments

Intermediary Traceable
Your bank bank 2 End-to-end payment tracking
& payment confirmation
gpi
a1700db1-90b2-4948-83d8-6309c5c34a3d

Invoice
SWIFTgpi
Your company Rulebook
$

1 Faster payments
Same day use of funds* Beneficiary’s bank
Beneficiary

3 Transparent fees
Deducts and FX 4 Full remittance data
Unaltered reconciliation info

SWIFT gpi for corporates - October 2018 4

*Within the time zone of the receiving gpi member
SWIFT gpi is dramatically speeding up cross-border payments!

+90% < 1 day

end-end

SWIFT gpi for corporates - October 2018 5

Value for corporates

Accounting & core Budgeting, planning Treasury & Cash

functions and forecasting Management
Better cash flow Enhanced predictability and Reduced settlement time
management traceability
Leverage investment
Speed and visibility on Greater planning and opportunities
critical payments decision making
Higher visibility for capital
Certainty for buyers and Improved reconciliation and and credit management
sellers forecast reporting
Reduced FX risk
Transparency on bank fees

Reduced exception
handling & investigations

SWIFT gpi for corporates - October 2018 6

Getting started with SWIFT gpi
Gpi for corporates (g4C) pilot
Advanced
3 Multi-bank / multi-channel Payments Tracking 12 banks
 Corporate generates unique transaction reference (UETR)
 gpi Standards for FIN & ISO
11 corporates
 Harmonised tracking details across banks Testing

2 Payments tracker in bank portals

 Visibility through unique transaction reference (UETR) + 14 banks
 Real -time transaction status updates Live
 Detailed bank fees & FX rates
 Beneficiary payment confirmation
Corporate

1 gpi Payments
 Same day payments
 Unaltered remittance information
Standard  Visibility on bank fees (on request) 67 banks
 End-to-end traceability (on request) Live

SWIFT gpi for corporates - October 2018 7

Banks and corporates are integrating gpi
Automated channels
12 banks & 11
corporates in pilot

MNC MT 101/ pain.001

MT 199 /pain.002
H2H 55 banks
APIs with gpi APIs live or
in implementation

ERP / TMS

gpi
connector

Front-end Back-end
applications applications
SME Web portal

e-Banking portal
14+ portals live

SWIFT gpi for corporates - October 2018 8

 Recap
End-to-end C2B/B2C gpi flows & g4C confirmations

gpi payments tracker

MT 101 + UETR, pain.001 + UETR(s)

3
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

g4C confirmations Corporate generates and includes UETR in the payment

1
 Delivered to beneficiary bank as non- instruction (MT 101 – unitary payment / pain.001 – unitary and
gpi bulk payments)
 Delivered to beneficiary bank as gpi
 Beneficiary has been credited 2 Bank creates MT103 including UETR generated by the
 Transaction was rejected corporate
 Payment has left gpi
3 Tracker delivers B2C specific confirmations to Instructing bank

4 Instructing bank relays back to ordering corporate (MT 199* /

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 gpi for corporates - October 2018 9
validation in pain.002 in the scope of Early Adopters Phase
Pilot participants

SWIFT gpi for corporates - October 2018 10

g4C – a common canvas for multi-banked corporates

Corporate-specific Common approach for payment Standards

payment statuses reporting (transparency) FIN & ISO

Default
Delivered to beneficiary bank MT 101, MT 199 (gpi) pain.001, pain.002
Date & time 26 April 2018 – 18:00 CET

gpi status Credited

Confirmation of credit to
beneficiary Status originator Save with us Bank (SBWUDE33)

Instructed Amount
125.000 USD
Rejections and currency

Confirmed Amount
101.020 EUR
and currency
Out of gpi

de Credito
Banca Mexicana

Cash bank

bank
Save with us
Routing

Bank optional
Save with us Bank
FX information
USD to EUR exchange rate: 1.22

Deducts
Cash bank: - 20 EUR
information

Charge code SHA

SWIFT gpi for corporates - October 2018 11

SWIFT gpi for corporates (g4C) Tentative

Pilot group Early Adopters General availability

Feb – Oct 2018 Oct 2018 – Mar 2019 Q1 – Q2 (TBC)

Pilot group
Group 2 UETR
optional in g4C service
10: Gpi banks Score
+20 10: Corporates
SWIFT
corporates
+1900

Early adopters
Corp

L2BA* Corp gpi Banks

Pilot vendors +160
 FIS  Bellin Corp

 Calypso  SAP
 Datalog  Opus Capita Corp

 IT2  AccessPay
 Broadridge  Kyriba Corp

 ABK  Gtreasury
H2H
 SAP Corp
corporates
Corp

SWIFT gpi for corporates - October 2018 *list of Lite2 partners (not confirmed participants) 12
 Early adopters timeline Tentative dates

Nov Dec Jan Feb Mar Apr May

Phase 1 Phase 2 Phase 3

Early adopters onboarding Implementation and testing Production flows

Readiness assessment, project Pre-bilateral Bilateral testing Community testing

Controlled live (production) Live (general availability)
definition Business pairing readiness with SWIFT (Bank/Corporate)

Sibos

Kick-off g4C CUG Test catalogue Readiness g4C CUG Conclusions

(date & location TBD) (Test & training) (gCAT) declaration (Production) Live preparation

UETR optional in MT 101

SWIFT gpi for corporates - October 2018 13

Unparalleled growth in adoption, traffic and corridors

Very large
community 270+
banks committed to implement,
200+
countries covered
80+%
SWIFT cross-border payments
49 top 50 banks signed represented

Millions live
payments 77
banks live
600+ 80+ Mio 30+% payments sent as gpi since go
country corridors cross-border MT103
35 top 50 banks live - 500K payments/day sent as gpi

 Over 50% of SWIFT gpi payments are credited to end beneficiaries

Delivering within 30 minutes
real value  More than 100 billion USD are being sent daily via gpi
 Banks are saving costs thanks to quicker investigations handling and
a significantly reduced number of payment enquiries
 Positive reactions from corporates
SWIFT gpi for corporates - October 2018 14
77 banks are live, with more than 180 banks in the implementation phase
77
gpi banks live
Nordea Bank

Danske Bank Alfa-Bank State Savings Bank of Ukraine

Royal Bank of Canada DNB Bank
SEB E.SUN Commercial Bank ICICI Bank Bank of Nanjing
Scotiabank Ebury Shanghai Rural Commercial Bank
ING Barclays China Guangfa Bank BIDV
Canadian Imperial Bank of Commerce Rabobank China Minsheng Bank Shanghai Pudong
ABN AMRO Bank Development Bank China Merchants Bank
Turkiye Garanti
Associated Foreign Exchange BNP Paribas Commerzbank
HSBC Bankasi Bank of Communications Ping An Bank
Wells Bank of New Raiffeisen Bank National Bank of Bank of Jiangsu Shinan Bank
KBC Bank Bank of China
Fargo York Mellon Citi International Kuwait
Natixis Al Baraka Bank China Zheshang Bank
Deutsche Bank China Construction Bank
JPMorgan Chase ICBC Bank of Hangzhou
Crédit Mutuel-CIC Société Générale Bank al Ethiad China CITIC Bank Sumitomo Mitsui
Bank of America Merrill Lynch Commercial Bank CTBC Bank Banking Corporation
BBVA UniCredit
Intesa Sanpaolo of Kuwait Siam Commercial Bank
National Vietcombank KB Kookmin Bank
Banco Santander OCBC
Commercial Bank
MUFG Bank
Bangkok Bank
Mashreq DBS Bank
Bank Standard Chartered

FirstRand
ABSA Bank National Australia Bank
Nedbank Standard Bank
Westpac ANZ
Commonwealth Bank of Australia

SWIFT gpi for corporates - October 2018 15

270+ global transaction banks signed up
AME-UK EMEA
Asociación Popular de Ahorros y Crown Agents ABN AMRO Bank Budapest Bank National Commercial Bank
Préstamos Danske Bank ABSA Bank Byblos Bank National Microfinance Bank
Associated Foreign Exchange DNB Bank Access Bank CaixaBank Natixis
BAC International Bank Ebury Afriland First Bank Central Africa Building Society Nedbank
Banco BISA Global Reach Partners Akbank Central Cooperative Bank NIC Bank
Banco Bradesco GPS Capital Markets Al Baraka Bank Citco Bank Nova Ljubljanska Banka
Banco Davivienda HiFX Alawwal Bank Commercial Bank of Kuwait Onpex Bank
Banco de Chile HSBC Alfa-Bank Commerzbank Piraeus Bank
Banco de Credito del Peru IFX Ameriabank CRDB Bank PKO Bank Polski
Banco del Estado de Chile NTL FCStone Arab National Bank Crédit Agricole Privat Bank
Banco del Pacífico J.P. Morgan BBVA Crédit Libanais Qatar National Bank
Banco de Reservas de la República Lek Securities Corp. Banco BIC Portugues Crédit Mutuel-CIC Rabobank
Dominicana Lloyds Bank Banco de Crédito Credit Suisse Raiffeisen Bank International
Banco Galicia MMG Bank Corporation Cooperativo DenizBank Rawbank
Banco Económico Nordea Bank Banco Privado Atlantico- Deutsche Bank Riyad Bank
Banco Inbursa Royal Bank of Canada Europa Diamond Trust Bank RosEvroBank
Banco Industrial Scotiabank Banco Sabadell Ecobank Saradar Bank
Banco Monex SEB Banco Santander Emirates NBD Sberbank
Bank of America Merrill Lynch Svenska Handelsbanken Bank al Etihad Erste Group Bank Sierra Leone Commercial Bank
Bank of Montreal Toronto–Dominion Bank Bank Audi Eurobank Ergasias Skye Bank
Bank of New York Mellon United Nations Bank Hapoalim Fidelity Bank Société Générale
Barclays Vitesse PSP Limited Banka Per Biznes FirstRand Standard Bank
Banorte Wells Fargo Bankinter Fransabank State Savings Bank of Ukraine
Banrural World First Bank of Beirut & the Arab Gazprombank Sterling Bank
Cambridge Mercantile Corp. Countries GCB Bank Tadhamon International Islamic
Canadian Imperial Bank of Commerce Bank of Cyprus Guaranty Trust Bank Bank
Citi Bank of Georgia iBanFirst TEB
Clear Bank Bank Pekao ICCREA Banca The International Bank of
Bank Uralsib ING Azerbaijan
Banque BEMO Intesa Sanpaolo Türkiye Garanti Bankasi
Banque Centrale Populaire Kapital Bank Türkiye Halk Bankasi
Banque du Liban KBC Bank Türkiye İş Bankasi
Banque Libano-Française KCB Bank UBS
BayernLB Khan Bank UniCredit
Bidvest Bank Landesbank Hessen-Thüringen Union National Bank
* Live banks in bold Blom Bank Mashreq Bank Yapi Kredi Bankasi
BNP Paribas National Bank of Kuwait Zenith Bank
SWIFT gpi for corporates - October 2018 Bosna Bank International Ziraat Bankasi 16
270+ global transaction banks signed up
APAC
Agricultural Bank of China Bank Sinarmas Jiangmen Xinhui Rural Commercial Bank
AB Bank China Bohai Bank Kasikorn
ANZ China CITIC Bank KEB Hana Bank
Axis Bank China Construction Bank KB Kookmin Bank
Bangkok Bank China Development Bank Maybank
BIDV China Guangfa Bank MB Bank
Bank Islam Malaysia Berhad China Merchants Bank Mizuho Bank
Bank Negara Indonesia China Minsheng Bank MUFG Bank
Bank of Beijing China Zheshang Bank National Australia Bank
Bank of Changsha Chong Hing Bank OCBC
Bank of Ceylon Chongqing Rural Commercial Bank Ping An Bank
Bank of China CIMB Bank Berhad Postal Savings of China
Bank of Communications City Union Bank Punjab National Bank
Bank of Dongguan Commonwealth Bank of Australia Shanghai Pudong Development Bank
Bank of Fuxin
Bank of Ganzhou
CTBC Bank
Dah Sing Bank
Shanghai Rural Commercial Bank
Shengjing Bank
200+ countries
Bank of Guangzhou DBS Bank Shinhan Bank 80+% SWIFT cross-border payments
Bank of Guiyang Dezhou Bank Siam Commercial Bank
Bank of Hangzhou Dongguan Rural Commercial Bank Standard Chartered Bank 80+ Mio gpi payments since go live
Bank of India Dongying Bank Sumitomo Mitsui Banking Corporation
Bank of Inner Mongolia E.SUN Commercial Bank Taian Bank 500K+ gpi payments/day
Bank of Jiangsu
Bank of Jining
Foshan Rural Commercial Bank
Fudian Bank
The Bank of East Asia
TMB Bank
600+ country corridors
Bank of Jinzhou Guangdong Huaxing Bank United Overseas Bank
Bank of Langfang Guangdong Nanyue Bank Vietcombank
Bank of Nanjing Hankou Bank Vietinbank
Bank of Ningbo Harbin Bank Weifang Rural Commercial Bank
Bank of Quanzhou HDFC Bank Weihai City Commercial Bank
Bank of Rizhao Hong Leong Bank Berhad Westpac
Bank of Shanghai Huarong Xiangjiang Bank Woori Bank
Bank of Taizhou Huishang Bank Corporation Yantai Bank
Bank of Tianjin Hunan Liuyang Rural Commercial Bank Yes Bank
Bank of Xi’an ICICI Bank Yinzhou Bank
Bank of Zhengzhou ICBC Zhejiang Rural Credit Cooperative Union
Bank Rakyat Indonesia Industrial Bank Zhuhai Rural Commercial Bank
Bank Rakyat Malaysia Industrial Bank of Korea Zhejiang Tailong Commercial Bank
Zhongshan Rural Commercial Bank
SWIFT gpi for corporates - October 2018 Zhongyuan Bank 17
Zhuhai Rural Commercial Bank
How to get started with SWIFT gpi?

1 Identify your key corridors and needs

2 Contact your bank and ask about SWIFT gpi*

3 Include gpi (payments and tracker) in your RFP

*If your bank is not gpi yet, contact us at swiftforcorporates@swift.com

SWIFT gpi for corporates - October 2018 18

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 Questions?
Contact: swiftforcorporates@swift.com
www.swift.com

Download
SWIFTgpi App on your iPad

SWIFT gpi for corporates - October 2018 19