SWIFTgpi

A new standard in cross-border payments

Jul, 2017
Your cross-border payment challenges

Speed Transparency Tracking Remittance information

“Critical business “Many times we don’t “I’m not able to tell when the “We miss information regarding
requires faster payment have visibility on the fees money hits the beneficiary’s the invoice and the payer for
execution” lifted along the way” bank account” timely reconciliation”
Michel Verholen
Martin Schlageter Peter Claus-Landi Brooke Tilton
Head of Treasury Operations, Roche Director banking initiatives, General Electric Vice President, Treasury Operations, Viacom Director, Global Treasury Center, Zoetis

SWIFT gpi, a new standard in cross-border payments Download the SWIFT gpi app
Your cross-border payment challenges

SWIFT gpi for Corporates - Workshop - 11 May 2017

Download the SWIFT gpi app
Corporate expectations vs. cross-border bank services

Uncertainty after payment initiation

Predictability of the payment reaching the beneficiary account

Inconsistencies between amount sent and received

Fee transparency, including FX costs and deducts

Cumbersome handling of exceptions and investigation

Payment traceability and automation (STP)

Incomplete or missing remittance information

Simple reconciliation of invoices and payments

SWIFT gpi, a new standard in cross-border payments
SWIFT gpi: secure, faster, traceable & transparent cross-border payments

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

C2B business flows for connected corporates - March 2017 - DRAFT

*Within the time zone of the receiving gpi member
Value for corporates

Accounting & core Budgeting, planning Treasury & Cash

functions and forecasting Management
Better cash flow Enhanced predictability and Reduced settlement time
management traceability
Leverage investment
Speed and visibility on Greater planning and opportunities
critical payments decision making
Higher visibility for capital
Certainty for buyers and Improved reconciliation and and credit management
sellers forecast reporting
Reduced FX risk
Transparency on bank fees

Reduced exception
handling & investigations

SWIFT gpi - March 2017

The new standard of cross-border payments through your bank*

Advanced offering gpi Payments Tracker

 Visibility through unique transaction reference (UETR)
 Real -time transaction status updates
 Detailed bank fees & FX rates
 Beneficiary payment confirmation
SWIFTgpi

Corporate
gpi Payments (customer credit transfer)
Standard offering  Same day payments
 Visibility on bank fees
 Guaranteed ‘OUR’
 End-to-end traceability
 Unaltered remittance information

SWIFT gpi, a new standard in cross-border payments *The gpi service may vary across banks
The SWIFT gpi Tracker (bank view)

Transparency of total
fees and time

Unique, end-end tracking

number

SWIFT gpi for corporates

Member banks

AMERICAS EMEA APAC

20% 52% 28%

Close to 100 member
banks sending
payments into more
than 224 countries and
territories;
representing over 75%
of all SWIFT cross-
border payments
SWIFT gpi for corporates
- Budapest Bank - IndusInd Bank - Resona Bank
-
-
ABN AMRO Bank
ABSA Bank - CaixaBank - Industrial and Commercial - Royal Bank of Canada
- Agricultural Bank of China - Canadian Imperial Bank of Bank of China - Royal Bank of Scotland
- Alfa-Bank Commerce
- China Construction Bank
- ING Bank
- Intesa Sanpaolo
-
-
Sberbank
Siam Commercial Bank
- Australia and New Zealand
-
Banking Group
Axis Bank
- China Merchants Bank
- Citibank
- Intl. FCStone
- Investec
-
-
Silicon Valley Bank
Skandinaviska Enskilda Banken
- Commonwealth Bank of Australia - Itaù Unibanco - Société Générale
- Banco Bilbao Vizcaya
Argentaria - Commerzbank - JPMorgan Chase Bank - SpareBank 1
- Crédit Agricole - Kasikornbank - Standard Bank of South Africa
-
-
Bangkok Bank
Bank of America Merrill Lynch - Crédit Mutuel-CIC Banques - KBC Bank - Standard Chartered Bank
- Bank of China - Credit Suisse - KEB Hana Bank - Sumitomo Mitsui Banking
- Bank of Communications - CTBC Bank
- Danske Bank
- Lloyds Bank
- Mashreq Bank -
Corporation
Swedbank
- Bank of New York Mellon
-
-
Bank of Nova Scotia
Bank of the Philippine Islands
- DBS Bank
- Deutsche Bank
- Maybank
- Mizuho Bank
- Tadhamon International Islamic
Bank
- DNB Bank - National Australia Bank - TMB Bank
-
-
Bank of Tokyo-Mitsubishi UFJ
Banco Bradesco - Ecobank - Natixis - Toronto-Dominion Bank
- Banco Santander - E.Sun Commercial Bank - Nedbank - UBS
- Banco de Crédito del Peru - Erste Group Bank - Nordea Bank - U.S. Bank
- Banco do Brasil - Fifth Third Bank - Oversea-Chinese Banking - UniCredit
- Banorte - FirstRand Bank Corporation - United Overseas Bank
- Banque Européenne - Handelsbanken - Piraeus bank - Wells Fargo
d’Investissement - Helaba Landesbank Hessen- - PKO Bank Polski - Westpac Banking Corporation
- Barclays Thüringen - Promsvyazbank
- Bidvest Bank - HSBC Bank - Rabobank
- BNP Paribas - ICICI Bank - Raiffeisen Bank International

live on gpi
How are we engaging with gpi user
corporates?
4 Live user

Ambassador First mover (ready to pilot solution)

(Market demand) 3 Actively engage with the community
(press, events, peer events)
gpi expert

Product Request gpi roadmap to their

(co-creation) 2 banks
Active contributor for validation

Value prop. Participate in dedicated workshops

(awareness) 1
Involved in further consultations

Understand the value of gpi

Want to know more about new treasury initiatives
Extending gpi to multi-bank corporates

1- gpi payment initiation & 2- Multi-bank tracking status 3- Beneficiary services

automation

MT101 + UETR MT103 + UETR MT103 + UETR

Originator BANK 1 BANK 2 BANK 3 Beneficiary

Payments tracker

Added value services (v2) e.g. Rich payment data

SWIFTgpi
SWIFT gpi, a new standard in cross-border payments
SWIFT gpi: Three phases running in parallel

Phase 1 Phase 2 Phase 3

Delivering a Designing Exploring
New standard Digital transformation Technological innovation
Live in Feb 2017 Q4 2017 - 2018 Q1 2017 – 2019?

SWIFT gpi - March 2017

Phase 2: Designing digital transformation

Rich payment data Request for cancellation International Payment Assistant

Account number ?
STOP BIC ?
Passport required ?
Beneficiary ?
SWIFTgpi SWIFTgpi SWIFTgpi

Rich remittance information, invoices, Stopping unsolicited payments

Validation of payments before execution
compliance documents, etc. (double payment, manual errors, fraud)

SWIFT gpi, a new standard in cross-border payments

How to get started with SWIFT gpi?

1 Identify your key corridors and needs

2 Contact your bank and ask about SWIFT gpi*

3 Include gpi (payments and tracker) in your RFP

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

SWIFT gpi - Corporates workshop - 25 January 2017 - Confidentiality: RESTRICTED

 Questions?
Contact: swiftforbanks@swift.com
www.swift.com

Download
SWIFTgpi App on your iPad

gpii_at_Sibos2016_asw_CONFIDENTIAL