ISO 20022 – key enabler for ASEAN Economic Community

Kiyono Hasaka / SWIFT Standards APAC

9 July 2014

2

ISO 20022 is a recipe to build

standards

What is ISO 20022?

ISO 20022

3Collaboration

Capture

the basic foundations of the business

Agreeon how to exchange

those concepts in a financial messaging context

Open standard and recipe to build a common financial language

4

Key drivers for ISO 20022 adoption in ASEAN

SG / G3

SG / SGX BN / RTGS

BN / CSD

TH / C2B

MY / ISO

TH / ISO

SG / ISO

PH / ISO

Payments initiative

Securities initiative

ISO TC 68 members

• Alignment with international standards

• Harmonization with AEC strategy

• New system /renewal of legacy system

BN / ACH

5

ASEAN (+) Initiatives and Standards Needs

Significant increase in investments & trades

Standardization & Automation

ABMF WC-PSS

ISO 20022 – key enabler for AEC

Local Languages

Thai

Vietnamese

English, Malay, Mandarin, Tamil

Filipino, English, Spanish

Myanmar

Malay, English, Chinese, Tami

Indonesian

Khmer

Malay, English

Laopacs.008.001.03<?xml version=”1.0” encoding=”utf-8”?> <Document xmlns:xsi=”http://www.w3.org/2001/XMLSchema-instance” xmlns=”urn:iso:std:iso:20022:tech:xsd:pacs.008.001.03” > <CstmrCdtTrfInitn> <GrpHdr> <MsgId>MCY</MsgId> <CreDtTm>2012-10-24T12:12:12</CreDtTm> <NbOfTxs>4</NbOfTxs> <CtrlSum>19866.19</CtrlSum> </GrpHdr> …. <Amt><InstdAmt Ccy=”EUR”>2041.56</InstdAmt></Amt> <CdtrAgt><FinInstnId><BIC>AIBKIE2D</BIC></FinInstnId></CdtrAgt> … <Amt><InstdAmt Ccy=”EUR”>165.88</InstdAmt></Amt> <CdtrAgt><FinInstnId><BIC>BELADEBEXXX</BIC></FinInstnId></CdtrAgt> … <Amt><InstdAmt Ccy=”GBP”>15658.75</InstdAmt></Amt> <CdtrAgt><FinInstnId><BIC>BARCGB22XXX</BIC></FinInstnId></CdtrAgt> … <Amt><InstdAmt Ccy=”USD”>2000.00</InstdAmt></Amt> <CdtrAgt><FinInstnId><ClrSysMmbId>021001088</ClrSysMmbId> … </CdtTrfTxInf></CstmrCdtTrfInitn></Document>

HELLO!

ISO 20022 – key enabler for AEC

Multi-Currency

BahtDong

S$

Peso

Kyat

Ringgit

Rupiah

Riel

B$

Kippacs.008.001.03<?xml version=”1.0” encoding=”utf-8”?> <Document xmlns:xsi=”http://www.w3.org/2001/XMLSchema-instance” xmlns=”urn:iso:std:iso:20022:tech:xsd:pacs.008.001.03” > <CstmrCdtTrfInitn> <GrpHdr> <MsgId>MCY</MsgId> <CreDtTm>2012-10-24T12:12:12</CreDtTm> <NbOfTxs>4</NbOfTxs> </GrpHdr> <CdtTrfTxInf> …. <Amt><InstdAmt Ccy=”EUR”>2041.5</InstdAmt></Amt> <CdtrAgt><FinInstnId><BIC>AIBKIE2D</BIC></FinInstnId></CdtrAgt> … <Amt><InstdAmt Ccy=”EUR”>165.88</InstdAmt></Amt> <CdtrAgt><FinInstnId><BIC>BELADEBEXXX</BIC></FinInstnId></CdtrAgt> … <Amt><InstdAmt Ccy=”GBP”>15658.</InstdAmt></Amt> <CdtrAgt><FinInstnId><BIC>BARCGB22XXX</BIC></FinInstnId></CdtrAgt> … <Amt><InstdAmt Ccy=”USD”>2000000.00</InstdAmt></Amt> <CdtrAgt><FinInstnId><ClrSysMmbId>021001088</ClrSysMmbId> … </CdtTrfTxInf></CstmrCdtTrfInitn></Document>

S$

Baht

B$

Ringgit

ISO 20022 – key enabler for AEC

Collaboration

LocalLanguages

Multi-Currency