Netting Advice Best Practice Working Group

David Thompson,

March 12th, 2013

Agenda

• Recap of 2012

• Regional Test and Live Traffic Review

• UBS MT 370 SWIFT Readiness – Lessons Learned

• Testing/Live readiness – Round table

• SWIFT MT 370 Best Practice Meeting handover

• Topics for Next Meeting

• Other questions

22013_MT370_WG_Kickoff_20130312_v1_1

• Working group consensus to delay MT 370 Testing until Q1 2013

• MT 370 Best Practice Working Group disbanded until Q1 2013

• MT 370 Best Practices and Currency Release Cycle Model documented (see attached)

Recap of 2012

Microsoft PowerPoint Presentation

32013_MT370_WG_Kickoff_20130312_v1_1

MT 370 Test Messages (Nov 2012 - Jan 2012)

42013_MT370_WG_Kickoff_20130312_v1_1

Asia-Pacific

Europe - Euro Zone

Europe - Non Euro

Zone

Middle East

North America

05

1015202530354045

Total

Total

Africa

Asia-P

acific

Centra

l & L

atin

Amer

ica

Europ

e - E

uro

Zone

Europ

e - N

on E

uro

Zone

IMI &

Rela

ted

Copies

Midd

le Eas

t

North

Am

erica

050

100150200250

Total

Total

MT 370 Live Messages (Nov 2012 – Jan 2012)

52013_MT370_WG_Kickoff_20130312_v1_1

UBS MT 370 SWIFT Readiness – Lessons Learned

• Release times (multi-, or bilateral) are crucial for a smooth STP process and need to be strictly adhered to

• Each release time will require a close monitoring by the FX Operation settlement in order to take immediate and appropriate actions on mismatches

• First client go live will require some handholding to the FX Operation users

62013_MT370_WG_Kickoff_20130312_v1_1

SWIFT handover of MT 370 working group

• For 2013 SWIFT would like to hand over the ownership and running of the MT 370 best Practice Group to the participants of the working group.

Proposal

• Group to decide who can takeover as organiser and facilitator of the MT 370 Best Practice Group.

• Group to decide meeting format, structure and frequency.

Next Steps:

TBD

72013_MT370_WG_Kickoff_20130312_v1_1

Testing/Live readiness – Round table

• Are working group attendees ready to commit to testing the MT 370?

Proposal

Roundtable of all meeting participants to confirm their companies position with respect to testing or live usage of the MT 370.

Next Steps:

TBD

82013_MT370_WG_Kickoff_20130312_v1_1

Topics for next meeting?

92013_MT370_WG_Kickoff_20130312_v1_1

Questions

102013_MT370_WG_Kickoff_20130312_v1_1