Post on 09-May-2015
description
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
5
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
Bank: LANDESBANK HESSEN-THU
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
Bank: LANDESBANK HESSEN-THU
BLZ: 508 500 49
BIC: HELADEFF508
9
BIC HELADEFF508
NATIONAL ID 50850049
CHIPS ID
014079
LEI
549300JJGF1MHHWUAW70
Name & Address
LANDESBANK HESSEN-THU
Hierarchy
Bank Directory
Plus
Bank
Details
10
BIC HELADEFF508
NATIONAL ID 50850049
CHIPS ID
014079
LEI
549300JJGF1MHHWUAW70
Name & Address
LANDESBANK HESSEN-THU
Correspondent
Banking Payments
Hierarchy
Payer In CA
Bank Directory
Plus
Bank
Details
International payment
Name: George
Amount: 100 USD
Account: 5000002096
Bank: LANDESBANK HESSEN-THU
BIC: HELADEFF508
VIA: CITIUS33XXX
USD
11
BIC HELADEFF508
NATIONAL ID 50850049
CHIPS ID
014079
LEI
549300JJGF1MHHWUAW70
Name & Address
LANDESBANK HESSEN-THU
Correspondent
Banking Payments
Hierarchy
Payer In CA
Bank Directory
Plus
Bank
Details
International payment
Name: George
Amount: 100 USD
Account: 5000002096
Bank: LANDESBANK HESSEN-THU
BIC: HELADEFF508
VIA: CITIUS33XXX
USD
PAYMENT TYPE
COPA
CURRENCY
USD
12
BIC HELADEFF508
NATIONAL ID 50850049
CHIPS ID
014079
LEI
549300JJGF1MHHWUAW70
Name & Address
LANDESBANK HESSEN-THU
CORRESPONDENT CITIUS33XXX
Correspondent
Banking Payments
Hierarchy
Payer In CA
Bank Directory
Plus
Bank
Details
International payment
Name: George
Amount: 100 USD
Account: 5000002096
Bank: LANDESBANK HESSEN-THU
BIC: HELADEFF508
VIA: CITIUS33XXX
13
BIC HELADEFF508
NATIONAL ID 50850049
CHIPS ID
014079
LEI
549300JJGF1MHHWUAW70
Name & Address
LANDESBANK HESSEN-THU
Correspondent
Banking Payments
Hierarchy
Bank Directory
Plus
Bank
Details
PAYMENT TYPE
COPA
CURRENCY
USD
CORRESPONDENT CITIUS33XXX
SSI Plus
14
BIC HELADEFF508
NATIONAL ID 50850049
CHIPS ID
014079
LEI
549300JJGF1MHHWUAW70
Name & Address
LANDESBANK HESSEN-THU
Correspondent
Banking Payments
Domestic Payments
High Value Payments
Hierarchy
Bank Directory
Plus
Bank
Details
PAYMENT TYPE
COPA
CURRENCY
USD
CORRESPONDENT CITIUS33XXX
SSI Plus
Name: George
Amount: 100 CHF
Account: 5000002096
Bank: LANDESBANK HESSEN-THU
CH BC: 89034
Via system: SIC
Payer In CH
domestic payment
Clearing &
Settlement
Service
15
BIC HELADEFF508
NATIONAL ID 50850049
CHIPS ID
014079
CURRENCY
CHF
SERVICE ID
SIC
LEI
549300JJGF1MHHWUAW70
Name & Address
LANDESBANK HESSEN-THU
Correspondent
Banking Payments
Domestic Payments
High Value Payments
Hierarchy
Bank Directory
Plus
Bank
Details
PAYMENT TYPE
COPA
CURRENCY
USD
CORRESPONDENT CITIUS33XXX
SSI Plus
Name: George
Amount: 100 CHF
Account: 5000002096
Bank: LANDESBANK HESSEN-THU
CH BC: 89034
Via system: SIC
PARTICIPANT ID 89034
INTERMEDIARY ID
20046
Payer In CH
domestic payment
16
BIC HELADEFF508
NATIONAL ID 50850049
CHIPS ID
014079
INTERMEDIARY ID
-
CURRENCY
CHZ
SERVICE ID
SIC
LEI
549300JJGF1MHHWUAW70
Name & Address
LANDESBANK HESSEN-THU
Correspondent
Banking Payments
Domestic Payments
High Value Payments
Hierarchy
Service Directory
Bank Directory
Plus
Bank
Details
PAYMENT TYPE
COPA
CURRENCY
USD
CORRESPONDENT CITIUS33XXX
SSI Plus
PARTICIPANT ID 89034
17
BIC HELADEFF508
NATIONAL ID 50850049
CHIPS ID
014079
INTERMEDIARY ID
-
CURRENCY
CHZ
SERVICE ID
SIC
LEI
549300JJGF1MHHWUAW70
Name & Address
LANDESBANK HESSEN-THU
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
CORRESPONDENT CITIUS33XXX
SSI Plus
PARTICIPANT ID 89034
SEPA payment
18
BIC HELADEFF508
NATIONAL ID 50850049
CHIPS ID
014079
INTERMEDIARY ID
-
CURRENCY
CHZ
SERVICE ID
SIC
LEI
549300JJGF1MHHWUAW70
Name & Address
LANDESBANK HESSEN-THU
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
CORRESPONDENT CITIUS33XXX
SSI Plus
PARTICIPANT ID 89034
SEPA payment
19
BIC HELADEFF508
NATIONAL ID 50850049
CHIPS ID
014079
IBAN BIC
HELADEFFXXX
IBAN NATIONAL ID
50050000
INTERMEDIARY ID
-
CURRENCY
CHZ
SERVICE ID
SIC
LEI
549300JJGF1MHHWUAW70
Name & Address
LANDESBANK HESSEN-THU
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
CORRESPONDENT CITIUS33XXX
SSI Plus
PARTICIPANT ID 89034
20
BIC HELADEFF508
NATIONAL ID 50850049
CHIPS ID
014079
IBAN BIC
HELADEFFXXX
IBAN NATIONAL ID
50050000
INTERMEDIARY ID
-
CURRENCY
CHZ
SERVICE ID
SIC
LEI
549300JJGF1MHHWUAW70
Name & Address
LANDESBANK HESSEN-THU
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
CORRESPONDENT CITIUS33XXX
SSI Plus
PARTICIPANT ID 89034
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
swiftref@swift.com
Questions ?
Back-up slides
swiftref@swift.com
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”