Standards Moscow 2013 ISO20022 SWIFT
-
Upload
swift -
Category
Economy & Finance
-
view
171 -
download
5
description
Transcript of Standards Moscow 2013 ISO20022 SWIFT
![Page 1: Standards Moscow 2013 ISO20022 SWIFT](https://reader033.fdocuments.us/reader033/viewer/2022052322/55738967d8b42a9f288b4ad5/html5/thumbnails/1.jpg)
Adopting ISO 20022: Connecting the dots Françoise Massin, Senior Specialist, ISO 20022
Registration Authority, Standards, SWIFT
SWIFT Standards Forum
Moscow 2013
Moscow, 11 April 2013
![Page 2: Standards Moscow 2013 ISO20022 SWIFT](https://reader033.fdocuments.us/reader033/viewer/2022052322/55738967d8b42a9f288b4ad5/html5/thumbnails/2.jpg)
ISO 20022: Connecting the dots
2
ISO 20022 Why ?
ISO 20022
Who ?
ISO 20022
How ?
ISO 20022
When ?
![Page 3: Standards Moscow 2013 ISO20022 SWIFT](https://reader033.fdocuments.us/reader033/viewer/2022052322/55738967d8b42a9f288b4ad5/html5/thumbnails/3.jpg)
ISO 20022: Where is it used?
![Page 4: Standards Moscow 2013 ISO20022 SWIFT](https://reader033.fdocuments.us/reader033/viewer/2022052322/55738967d8b42a9f288b4ad5/html5/thumbnails/4.jpg)
4
IPFA
Live Planned
SEPA,EU
BR
DK
CH
FED, US
CPA, CA
IPFA
T2, EU
SADC AU
Zengin,
JP
CNAPS,
CN
IN
Low-
value
High-
value
CIPS, CN
BOJNet,
JP
CPA, CA Live
Live
Live
NZ
SG
Live CO
PE
ISO 20022 Adoption – Payments MI & initiatives
From discussion to implementation
Live
PG
![Page 5: Standards Moscow 2013 ISO20022 SWIFT](https://reader033.fdocuments.us/reader033/viewer/2022052322/55738967d8b42a9f288b4ad5/html5/thumbnails/5.jpg)
Status overview – Payments MI
Status Planned live date
EU-SEPA Live Live – end date
2014
SG Live
IPFA Live
JP-Zengin Live
IN - RTGS Roll-out 2013 (TBC)
SADC Roll-out 2013 (TBC)
JP-BOJNet Roll-out 2015
CH Roll-out 2015-2018
AU-LVP Roll-out 2016/2017
T2 Committed 2017
CA-all payment
systems
Roll-out 2020
CNIPS Under discussion TBD 5
![Page 6: Standards Moscow 2013 ISO20022 SWIFT](https://reader033.fdocuments.us/reader033/viewer/2022052322/55738967d8b42a9f288b4ad5/html5/thumbnails/6.jpg)
DTCC, US
JASDEC, JP
[Post-trade]
Euroclear
Clearstream
ANBIMA, BR
T2S, EU
CSD, LI
CSD, PL
6
CSD, EE
CSD, LT
ASX, AU
Live
Live
ISO 20022 Adoption – Securities MI & Treasury MI –
From discussion to implementation
CLS
Treasury MI Securities MI
SGX, SG
JASDEC &
TSE, JP
[Corp.Act]
VN
Live
CN
Live
BR, CSD
Live
![Page 7: Standards Moscow 2013 ISO20022 SWIFT](https://reader033.fdocuments.us/reader033/viewer/2022052322/55738967d8b42a9f288b4ad5/html5/thumbnails/7.jpg)
Status overview – Securities & Treasury MI
Status Planned live
date
FR-Euroclear / Funds Live
Clearstream/Funds Live
US- DTCC/Corporate Actions Live
BR-Anbima Live
AU- ASX-Corporate Actions Roll-out Mid-2013
JP- JASDEC – Post-Trade
Services
Roll-out 2014
JP –JASDEC + TSE –
Corp. Actions
Roll-out 2014
CLS Roll-out 2014
T2S Roll-out 2015
SG- SGX/Corporate Actions Under discussion TBD
BR – BM&FBOVESPA Committed TBD
7
![Page 8: Standards Moscow 2013 ISO20022 SWIFT](https://reader033.fdocuments.us/reader033/viewer/2022052322/55738967d8b42a9f288b4ad5/html5/thumbnails/8.jpg)
ISO 20022 Adoption – Funds (live traffic Jan-Oct 2012)
8
GB
CH
AU
TW
SE
FI NO
IE
ES
IT
GR
EE
BE
NL
LU
KR US FR
DE
SG
HK
BM
![Page 9: Standards Moscow 2013 ISO20022 SWIFT](https://reader033.fdocuments.us/reader033/viewer/2022052322/55738967d8b42a9f288b4ad5/html5/thumbnails/9.jpg)
ISO 20022 in the corporate-to-bank space
More than
60 banks
receiving
payment initiation
messages
(over SWIFT)
Around
70 members
(corporates and banks)
defining
common global
implementation
guidelines
![Page 10: Standards Moscow 2013 ISO20022 SWIFT](https://reader033.fdocuments.us/reader033/viewer/2022052322/55738967d8b42a9f288b4ad5/html5/thumbnails/10.jpg)
Who (and what) is driving ISO 20022
adoption?
• New initiatives
– Market infrastructures
– Global harmonisation & regulation (eg SEPA in Europe)
– Automation in specific markets
(eg the ‘funds’ market)
• New players
– Corporates, fund managers
• New technology
– XML, SOA, web services
10
From early adopters to ‘followers’
![Page 11: Standards Moscow 2013 ISO20022 SWIFT](https://reader033.fdocuments.us/reader033/viewer/2022052322/55738967d8b42a9f288b4ad5/html5/thumbnails/11.jpg)
When to adopt ISO 20022?
Drivers:
–Harmonization
(driven by regulation or innovation)
–Renewal of legacy systems
–Further automation required
–Creation of new services
–Interoperability with
other systems/players
11
![Page 12: Standards Moscow 2013 ISO20022 SWIFT](https://reader033.fdocuments.us/reader033/viewer/2022052322/55738967d8b42a9f288b4ad5/html5/thumbnails/12.jpg)
Why adopt ISO 20022
12
An international and neutral recipe to build a
common financial language
– Meaning of business processes and information >
dictionary
– Set of messages to execute end-to-end transactions >
repository
– Right syntax: XML > universally used, tools
available to facilitate implementation
Collaboration
with external
parties
Internal
integration
Standards
inter-
operability
![Page 13: Standards Moscow 2013 ISO20022 SWIFT](https://reader033.fdocuments.us/reader033/viewer/2022052322/55738967d8b42a9f288b4ad5/html5/thumbnails/13.jpg)
ISO 20022 allows for more flexibility than MT to cater for
local/specific needs
• Implementation guidelines:
formal way to express market practice
• Extensions
• Right tools and services available to manage flexibility
ISO 20022 Awareness Training Live Meeting V01 13
Why adopt ISO 20022 –
a global standard to meet local needs
MT ISO 20022
![Page 14: Standards Moscow 2013 ISO20022 SWIFT](https://reader033.fdocuments.us/reader033/viewer/2022052322/55738967d8b42a9f288b4ad5/html5/thumbnails/14.jpg)
How to adopt ISO 20022
Managing diverging local implementations
14
• Is a risk – but still better - Coordination
through working
group defining HVP
implementation
guidelines
- Best practice sharing
- Tools allow to harmonize MyStandards
- Mitigate risks
A risk that can be mitigated by a coordinated
approach:
– Collaboration and best practice sharing in working
groups (eg HVP implementation guidelines)
– Services to help communities migrate and
implement (roadmap/creation of guidelines/mapping/etc)
– Tools (MyStandards) to facilitate
sharing and harmonization