Embrace the future of

international payments
SWIFT gpi for Corporates

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7 May 2019
Some logistics

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handle all questions at the end of the
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During the webinar feel welcome to enter

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Embrace the future of international payments - gpi for Corporates - Webinar 2

Agenda

 Challenges with cross-border payments

 Time for SWIFT gpi
 How to get started
 gpi for Corporates (g4C)
 Q&A

Embrace the future of international payments - gpi for Corporates - Webinar 3

Challenges with cross-border payments

Embrace the future of international payments - gpi for Corporates - Webinar 4

Key challenges for corporates with cross-border payments

Current experience Business impact

Treasury & Cash management

Slow and non-efficient
Planning & Forecasting
Uncertainty at payment initiation & collections
Account Payables/Receivables
Inconsistencies between amount sent and received
Collection management
Cumbersome handling of exceptions and investigations
Credit management
Incomplete or missing remittance information
Fraud

Embrace the future of international payments - gpi for Corporates - Webinar 5

Time for SWIFT gpi

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Time for SWIFT gpi

Faster payments
1 Same day use of funds*

Traceable
End-to-end payment tracking
2 & payment confirmation

Credited Transparent fees

in 5 minutes 3 Deducts and FX
40% gpi payments

Full remittance data

4 Unaltered reconciliation info

Service level agreement Rulebook

Embrace the future of international payments - gpi for Corporates - Webinar 7

How gpi works?

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

Embrace the future of international payments - gpi for Corporates - Webinar 8

*Within the time zone of the receiving gpi member
gpi adoption

300,000,000,000
486
3534 1200+USD
55%
80% of SWIFT cross-
sent
Live daily via
banks
Committed gpi
banks countrypayments
border corridors covered
sent as gpi

Embrace the future of international payments - gpi for Corporates - Webinar 9

 gpi traffic reaching DEC 2018

unseen heights
150,000,000
gpi payments sent

JUN 2018

50,000,000

DEC 2017
JUL 2017 10,000,000
1,000,000
JAN ‘17 FEB MAR APR MAI JUN JUL AUG SEP OCT NOV DEC JAN ‘18 FEB MAR APR MAI JUN JUL AUG SEP OCT NOV DEC

Embrace the future of international payments - gpi for Corporates - Webinar 10

And gpi is very fast!

0% 5% 10% 15% 20% 25% 30% 35% 40% 45%

Within 5 minutes
40%
Between 5 and 15 minutes 9%

Between 15 and 30 minutes 3%

Between 30 minutes and 1 hour

Between 1 and 2 hours

Between 2 and 4 hours

4%

6%

8%
95%
within 24h
Between 4 and 6 hours 5%

Between 6 and 12 hours 10%

Between 12 and 24 hours 9%

More than 1 day 5%

Embrace the future of international payments - gpi for Corporates - Webinar 11

130 banks are live, with more than 200 banks in the implementation phase
130
gpi banks live
Al Ahli Bank of Kuwait
Nordea Bank
Bank Uralsib RosEvroBank VTB Bank Agricultural Bank of China
Banque Centrale Populaire Vietinbank
Toronto–Dominion Bank Danske Bank Alfa-Bank State Savings Bank of Ukraine
DNB Bank Sberbank
Royal Bank of Canada SEB E.SUN Commercial Bank ICICI Bank Bank of Nanjing
Scotiabank Ebury Kapital Bank China Guangfa Bank Shanghai Rural Commercial Bank
PKO Bank Polski ING Barclays BIDV
Canadian Imperial Bank of Commerce Bank Audi Rabobank China Minsheng Bank Shanghai Pudong
ABN AMRO Bank Development Bank China Merchants Bank
Banco Sabadell Turkiye Garanti
Associated Foreign Exchange Commerzbank
GPS Capital INTL. FCStone HSBC
BNP Paribas Bankasi Bank of Communications Ping An Bank Chong Hing Bank
Wells BNY Mellon Raiffeisen Bank National Bank of Bank of Jiangsu Shinan Bank
Markets KBC Bank Bank of China
Citi Banco BISA UBS International Kuwait Albaraka Turk
Fargo Natixis China Zheshang Bank
Bank Pekao Deutsche Bank Alawwal Bank Participation Bank China Construction BankBank of Hangzhou
JPMorgan Chase World First
Crédit Mutuel-CIC Société Générale Bank al Ethiad ICBC China Citic Bank Sumitomo Mitsui
Bank of America Merrill Lynch Lloyds Bank Türkiye İş Bankasi Commercial Bank CTBC Bank
Piraeus Bank BBVA UniCredit Banking Corporation
Intesa Sanpaolo of Kuwait Siam Commercial Bank
Citco Bank National Blom Bank Vietcombank Woori Bank Kookmin Bank Shengjing Bank
Banco Santander MUFG Bank
Commercial Bank OCBC Zhejiang Rural
Banco de Caixabank Credit Agricole YinzhouBank Bank of Zhengzhou
Grupo Cooperativo Cajamar Bangkok Bank Credit Cooperative
Credito del Emirates NBD Mashreq KEB Hana Bank
Qatar National Bank DBS Bank
Peru Banco de Galicia Diamond Trust Bank Bank Standard Chartered Bank Rakyat Indonesia
y Buenos Aires Yapi Kredi Bankasi Arab National Bank
Budapes Bank Kasikorn Bank Mizuho Bank
Industrial Bank
FirstRand Banque Libano-Française Bank Negara Indonesia
ABSA Bank UOB
Ziraat Bankasi NAB
200+ countries Nedbank Standard Bank
Tadhamon Int. Islamic Bank Westpac ANZ
80+% SWIFT cross-border payments Commonwealth Bank of Australia
1M+ gpi payments/day
1200+ country corridors
Embrace the future of international payments - gpi for Corporates - Webinar 12
How to get started?

Embrace the future of international payments - gpi for Corporates - Webinar 14

Corporate offering by gpi banks
SWIFT gpi capabilities
Multi-bank payment initiation & tracking 
Self service tracking in e-banking 
Integrated in treasury processes
ERP / Treasury Management System Tracking through support desk 
Speed, transparency, unaltered remittance 

Multi-bank payment initiation & tracking X

Self service tracking in e-banking 
gpi payments, integration in e-banking portals
Tracking through support desk 
Speed, transparency, unaltered remittance 

Multi-bank payment initiation & tracking X

Self service tracking in e-banking X
gpi payments, visibility through bank support
Tracking through support desk 
Speed, transparency, unaltered remittance 
Embrace the future of international payments - gpi for Corporates - Webinar 15
Corporate offering by gpi banks

Integrated in treasury processes

ERP / Treasury Management System

gpi payments, integration in e-banking portals

124

gpi payments, visibility through bank support

Embrace the future of international payments - gpi for Corporates - Webinar 16

Each bank provides its own solution/experience

 Status
TMS/ERP ₓ # Intermediaries

? ×
×
Payment routing
Fees & FX
× Who/what?

Bank Channel gpi experience

Bank A Portal Only tracking
Bank B Portal Tracking and total cost
Bank C H2H Enriched data
Bank D Support desk At request

Embrace the future of international payments - gpi for Corporates - Webinar 17

Corporate offering by gpi banks

16+
gpi for Corporates
Integrated in treasury processes
ERP / Treasury Management System

ERP
Payables

Receivables

gpi payments, integration in e-banking portals Corporate Request-to-pay

Back office

 Bank agnostic approach

124  Common rulebook (SLA’s: tracking statuses,

transparency details, real time notifications)
gpi payments, visibility through bank support  Integration in corporate processes (e.g. ERP,
TMS)

Embrace the future of international payments - gpi for Corporates - Webinar 18

SWIFT gpi for Corporates

Embrace the future of international payments - gpi for Corporates - Webinar 19

SWIFT gpi for Corporates

Pay & trace Payment advice & inbound tracking

Live (General availability in Jun 2019) Pilot (Sep 2019)

 gpi payment initiation  Payment advice

 Tracking of outgoing payments  Tracking of incoming payments
 Real-time credit confirmation (at beneficiary)  Real time credit confirmation (own account)
 Payment insights (time, routing, fees,…)  Payment insights (time, routing, fees,…)

Corporate

Payables Receivables
Back office
ERP/TMS

Corporate-to-bank rulebook

Embrace the future of international payments - gpi for Corporates - Webinar 20

Pay & trace
gpi payments tracker

3
MT 101 + UETR, pain.001 + UETR(s)

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

 Debit confirmation (ordering corporate)
1
instruction (MT 101 – unitary payment / pain.001 – unitary and
 Credit confirmation (beneficiary account) bulk payments)
 Delivery confirmation (bene bank)
 Rejections 2 Bank creates MT103 including UETR generated by the
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
Embrace the future of international payments - gpi for Corporates - Webinar 21
validation in pain.002 in the scope of Early Adopters Phase
g4C rulebook – a common canvas for SWIFT connected corporates

Harmonised tracking Common standards

Consistent payment insights
details (FIN & ISO)

Tracking statuses Default

MT 101, MT 199 (gpi) pain.001, pain.002
Date & time 26 April 2018 – 18:00 CET
Confirmation of debit gpi status Credited

Delivered to beneficiary bank Status originator Save with us Bank (SBWUDE33)

Instructed Amount
125.000 USD
Confirmation of credit to and currency
beneficiary Confirmed Amount
101.020 EUR
and currency

Rejections

de Credito
Banca Mexicana

Cash bank

bank
Save with us
Out of gpi Routing

Timely updates

Status provided from banks Bank optional

“as-it-happens” Save with us Bank
FX information
(Max 30 min after event) USD to EUR exchange rate: 1.22

Deducts
Cash bank: - 20 EUR
information

Charge code SHA

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g4C early adopters

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g4C in treasury & Cash Management applications

 Payment performance & fees

Insights  Multi-country/currency benchmarks
 Recurring issues

 Support g4C tracking statuses

 Mapping (e.g. MT 199/pain.002)
Tracking  Integration with payment dashboard
 Metro line view

 UETR generation
UETR  Search capabilities
 Mapping with existing references

Embrace the future of international payments - gpi for Corporates - Webinar 24

FIS - Trax dashboards

SWIFT gpi for FIS CL Enterprise Community - 24 Aug 2018

Payment tracking information in Trax

SWIFT gpi for FIS CL Enterprise Community - 24 Aug 2018

Status Feedback in Trax

SWIFT gpi for FIS CL Enterprise Community - 24 Aug 2018

 First feedback
Since Go-Live on January 21st
Bank fees very high Fast ! Most of our payments
depending on destination now processed within the hour
country (up to USD 80 in (when market open) Transparent !
some EU countries) When supplier has not
Fast ! received exact amount,
And able to notify our investigation can be done
suppliers of payment directly by the user (in Trax)
processing status without
What we have requesting MT103 from
End-to-end gpi bank
learnt so far in 30% of the cases

Based on 2000+ Juice

gpi USD payments Immediate
benefits picked
Fees vary significantly
between 2 routings with Charge types may be up by our users
same source/destination changed by one of
(up to 100% difference) intermediary
institutions
(from OUR to SHA 28
GPI flow samples
End to End gpi – Out of market hours

- Drilled down view on a USD payment from FR to GB

- Fees follow-up : 20 USD deducted from amount
Direct view on comparison Instructed vs Confirmed amounts
- No exchange rate taken into account
- UETR available for complete follow-up
- Duration of 21h = time for US market to open to get US bank feedback, and Europe to re-open the
next day to get the GB bank feedback
- Clear status « Credit to beneficiary account »

29
GPI flow samples
End to End gpi – In market hours

- Drilled down view on a USD payment from FR to BE

- Fees follow-up : 27 USD deducted from amount
Direct view on comparison Instructed vs Confirmed amounts
- No exchange rate taken into account
- UETR available for complete follow-up
- Duration of 1h = all markets were opened (afternoon Europe time)
- Clear status « Credit to beneficiary account »

30
GPI flow samples
End to End gpi – Without fees

- Drilled down view on a USD payment from FR to SG

- Fees follow-up : no fees USD to Singapore
- No exchange rate taken into account
- UETR available for complete follow-up
- Charges changed by US bank from Debtor to Shared : no fees impact here, but warning !
- Clear status « Credit to beneficiary account »

31
GPI flow samples
End to End gpi – Fees & charges modifications

- Drilled down view on a USD payment from FR to VN

- Fees follow-up : 15 USD taken by US intermediary
- No exchange rate taken into account
- UETR available for complete follow-up
- Charges changed by US bank from Debtor to Shared : fees impact !
MT101 clearly states charges should apply to debtor, but beneficiary will not receive expected amount
- Clear status « Credit to beneficiary account »

32
GPI flow samples
End to End gpi – Implicit FX

- Drilled down view on a USD payment from FR to AU

- Fees follow-up : 10 USD before conversion
- Exchange rate : USD to AUD 0.75 (0.753 in reality)
Spot rate on Feb 26th : 0.7193
Confirmed amount with spot rate : 6937 AUD  300 AUD difference
- UETR available for complete follow-up
- Clear status « Credit to beneficiary account »

33
GPI flow samples
Left gpi

- Drilled down view on a USD payment from FR to TR

- Fees follow-up : no fees taken
- No exchange rate taken into account
- UETR available for complete follow-up
- Clear status « No further updates through gpi » : next intermediary between Deutsche Bank US &
Turkish bank did not provide feedback, hence gpi tracker is no longer updated, and no confirmation
that funds reached the final Turkish bank

34
GPI flow samples
Beneficiary Bank non-gpi

- Drilled down view on a USD payment from FR to CH

- Fees follow-up : no fees taken
- No exchange rate taken into account
- UETR available for complete follow-up
- Clear status « Delivered to beneficiary bank as non-gpi » : Crédit Suisse has received funds, but will
not provide feedback on gpi tracker (potential higher fees & processing time)

35
Incremental value to corporates
Pay & trace (June 2019) Payment advice & inbound tracking (2020) …

Seamless
Integrated to Certainty in collections Higher visibility for
experience Payment insights
treasury processes & cash management working capital
across banks
 Common rulebook  Corporates to generate  Full traceability on  Proof of payment for critical  Instant visibility on
(SLA’s: tracking the UETR earlier in payment processing flows collection flows
statuses, payment process  Payment insights &  Confidence for forecasting  Faster reconciliation with
transparency  Multi-bank payment bank performance and liquidity management earlier remittance data
details, real time
tracking and (processing time,
notifications)  Efficiency in collection  Better credit
reconciliation routing, number of
management processes management for
 Directory of embedded in ERP & intermediaries, fees)
(from promise to pay to business partners
participants TMS  Certainty of payment payment advice)
including g4C  Leverage UETR as and proactive issue-
capabilities
end-to-end reference resolution
 C2B & B2C FIN & also for internal
ISO standards corporate processes
(e.g. invoice
generation)

Embrace the future of international payments - gpi for Corporates - Webinar 37

 g4C - 2019 roadmap

Payment advice and inbound tracking gpi Link Request-to-pay

(Pilot service: Q3 2019) (PoC: Q2 2019) (PoC: Q3 2019)

Request to pay

gpi
Link
Payment
gpi payment
advice

 Multi-bank standard  Multi-bank standard  Multi-bank standard

 Real time payment advice (Debit  Integration with business ecosystems  Cross-border payment request
confirmation on debtor’s account)  Settlement using existing gpi rails  End-to-end orchestration of collection to
 Tracking in-flight payments  Strong authentication at customer
pay business process
 Reconciliation data in advance payment initiation  Leverage on g4C payables & receivables
 Ordering customer  Leverage on g4C payables & receivables  UETR at request
 Beneficiary customer  UETR at request  Payment advice, confirmation and in-
 Instructed amount flight tracking
 Payment advice, confirmation and in-
 Value date flight tracking
 Remittance data

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How to get started with SWIFT gpi?

1 Ask your bank about SWIFT gpi for Corporates*

2 Activate g4C

3 Start receiving tracking from all your banks

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

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39
Q&A

Embrace the future of international payments - gpi for Corporates - Webinar 40

Questions & Answers?

To ensure a smooth presentation, we will

handle all questions at the end of the
webinar.

During the webinar feel welcome to enter

your question in the « Q&A » window at the
right and send it to « All panelists »

Embrace the future of international payments - gpi for Corporates - Webinar 41

 www.swift.com

Embrace the future of international payments - gpi for Corporates - Webinar 42