Focus on Fundamentals

Chris Church CEO SWIFT Americas

1 SWIFT Operations Forum Americas - March 5, 2013

What’s New in 2013?

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New Format: 1 Day+

Conference Center Venue

Lower price

Standards Forum

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Standards Forum hosted by the Federal Reserve Bank

You must be registered

Please allow extra time to check in

Today’s Agenda

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Update

Worksessions

Networking Cocktail

James Malick, Boston Consulting Group (Moderator)

Thomas Halpin, HSBC

Michael Kolman, General Motors

Ebru Pakcan, Citi Transaction Services

Technology Plenary

Javier Perez Tasso, SWIFT (Moderator)

David Saul, State Street

Lee Fulmer, J.P.Morgan

Ulrich Homann, Microsoft

Payments Plenary

Special thanks to our Sponsor

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SWIFT Update

SWIFT Operations Forum Americas - March 5, 2013

Messaging/Standards • Payments / Securities • Market Infrastructures • Corporate Treasury

Applications: • Sanctions • Business Intelligence • SWIFTRef • Matching

Connectivity • Alliance Lite2 • Alliance Access • AMH

Platform • FIN renewal • HSM Refresh • Distributed

Architecture

SWIFT Update

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Platform Projects

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FIN Renewal

HSM Refresh

Distributed Architecture

SWIFT Connectivity Offering

9

Small Medium Large

Size / Msg. volumes

Func

tiona

l req

uire

men

ts

Alliance Messaging Hub (AMH)

Alliance Access

Alliance Lite2

Bas

ic

Med

ium

A

dvan

ced

SWIFT Operations Forum Americas - March 5, 2013

Alliance Lite2

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Integrated Service offering

Full-featured, secure & reliable

Usage-based pricing

Light footprint

“The easiest way to connect to SWIFT”

Messaging for Market Infrastructures: Connectivity, standardization and interoperability for the community

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SWIFT Applications: Helping you achieve your business objectives

Sanctions

LEI/CICI MyStandards Business

Intelligence

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Excellence through hard work, focus & collaboration

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Excellence through hard work, focus & collaboration

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SWIFT: a view from the Chairman

Yawar Shah Chairman, SWIFT

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Cyber-crime

SWIFT strategy evolving to help industry with challenges and opportunities

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Regulation Cyber- crime

Asian Growth

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From Telex to the Society for Worldwide Inter-bank Financial Telecommunication (S.W.I.F.T)

20

1973 239 member banks found

SWIFT

1977 SWIFT goes live 1978

SWIFT message total surpasses

10 million

1983 SWIFT gets its 1,000th member SWIFT Operations Forum Americas - March 5, 2013

21

1989

2001 SWIFTNet goes live

2006

2010 Largest Sibos ever

(Amsterdam)

1994 Alliance Access

launched

SWIFT II

Corporate membership

approved

SWIFT Operations Forum Americas - March 5, 2013

SWIFT remains in excellent shape in 2013

• Financials

• Management

• Technology

• Operations

• Governance

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SWIFT traffic growth: Off to a strong start in 2013

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% growth

10.1

-2.4

7.2

9.9

3.6

9.6

-4

-2

0

2

4

6

8

10

12

2008 2009 2010 2011 2012 2013 YTD

6.2%

Traffic growth results in continued cost reduction

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FIN Price before rebate (EURcent / msg)

FIN Traffic (Millions of msgs)

0

500

1,000

1,500

2,000

2,500

3,000

3,500

4,000

4,500

5,000

0

5

10

15

20

25

30

35

40

45

50

Price reduction: -88% Volume increase: 12.5x

1991-2013

Operational Excellence is at the heart of SWIFT’s mission

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Performance

Security

Resilience

Reliability Availability

Service

Create relevant offerings in existing & new areas

Focus on availability & threat of cyber-crime

Partner with other Market Infrastructures

But SWIFT must remain ever-vigilant:

Earn the right to be your service provider

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1

2

3

4

C

O

R

E

Governance and oversight

• SWIFT is a global cooperative owned and operated by financial institutions

• Board of Directors

• Governance ensures SWIFT is: – Well run & transparent – Rigorous – Meets needs of community & regulators

• Oversight: G10 regulators

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In 2012

• Gottfried Leibbrandt appointed CEO in July • 7 new Board directors appointed:

– Yves Baguet, Clearstream, Luxembourg – Mark Buitenhek, ING, Netherlands – David Cyr, RBC, Canada – Marcel Jongmans, ABN Amro, Netherlands – Ulrich Stritzke, Credit Suisse, Switzerland – Yongli Wang, Bank of China – Bhavesh Zaveri, HDFC Bank, India

•

•

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Thank you

SWIFT Operations Forum Americas - March 5, 2013