Welcome to the Standards Forum, Utrecht

#SFNL

Where business and standardisation meet

9.30

10.05 to

#SFNL

Ineke Bussemaker,

Rabobank Nederland

10.05

11.00 to

#SFNL

Marco Pieroni, Banca d’Italia

Myriam Byn,

Euroclear

Frans van Beers, BVN

Ton Versteeg, Rabobank

Nederland

Andrew

Muir,

SWIFT

ISO 20022 adoption - Drivers

4

Globalization/ interoperability

Modernization/upgrade of services

Renewal of legacy systems

Regulation/ harmonization

Market infrastructures

are driving adoption

ENTER

IPFA

SEPA,EU

BR

DK

CH

FED, US

CPA, CA

IPFA

T2, EU

AU

Zengin, JP

CNAPS, CN

IN

Low-value

High-value

BOJNet, JP

CPA, CA Live

Live

Live

NZ

SG

CO

PE

Live

PG

CL

ZA

PL

CNAPS, CN

SADC

UK

ISO 20022 adoption by PMIs

BN

ISO 20022 adoption in the corporate-to-bank space – Live usage

More than 60 banks in 27 countries receiving payment initiation messages

More than 90 members

(corporates and banks) defining

common global implementation

guidelines

ZA

RU

CN

AU

CA

HK

BE

AT

DE

FI

FI

FR

IE

JP

KR LU

MX

NL

DK

SEPA

PT

IT

SG

SK

SE

CH

UK

US

CBI, IT

ES

SWIFT for

Corporates – Cash

management Based on CGI guidelines

DTCC, US

JASDEC, JP [Post-trade]

ANBIMA, BR

T2S, EU

CSD, LI

7

CSD, EE

CSD, LT

ASX, AU

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

NSD, RU

VP Lux

VP Sec DK

BN

Live

KDPW CCP, PL

NBB-SSS, BE

ISO 20022 Adoption – SWIFT for Funds – Live usage

8

GB

CH

AU

TW

SE

FI NO

IE

ES

IT GR

EE

BE

NL

LU

KR US FR

DE

SG

HK BM

AD AT

BS

LV PL

This map shows countries where one or more players are sending/receiving ISO 20022-based Funds transactions. This includes major players such as Clearstream, Euroclear, Benefit Trust Company Funds Messaging, etc

ISO 20022 Initiatives ahead Planned live dates

2008 2013 2020 2014 2015-2016

2017

UK (Payments Roadmap) published – timeframe and phases to be decided.

US > Payments Systems – Business case assessment ongoing

SEPA DTCC IPFA C2B …

SADC/ JASDEC/ASX/ SGX/KDPW/

DK Paym/VP Sec /IN RTGS/

TSE/CLS/CH/..

T2S PASA

BOJNet Baltic CSD

… AU Payments

T2 EURO1

…

CPA (Canadian Payments)

…

The ISO 20022 adoption mApp

adoption

mApp

ISO 20022 A free IOS tablet app,

that provides an overview of initiatives

adopting ISO 20022 around the world

> Information provided by

initiative* owners

> Covers all regions &

business segments

> Easy to use, contribute to

and maintain

Facilitating adoption and fostering dialogue

Available for

iPad in the

App Store – also

available as PDF

(www.swift.com/standards)

* Initiatives who plan to adopt the official ISO 20022 messages registered on www.ISO20022.org

> 60 initiatives

17 June 2014

Utrecht

Manager Team Payments

Frans C. van Beers

SEPA Migration in The Netherlands “You never walk alone”

17 June 2014 SWIFT Standards Forum 12 |

• Payments and payments only; cards, on-line, cash, transactions, mobile and

last but not least security

• Members are banks and payment institutions (3/4 + 5/6 + 30 + …)

• Esthablished end 2011, long history; founded by Currence (NL payments

products) and Dutch Banking Association (NVB)

• Stakeholder involvement is an essential element of our activities

• Visit www.betaalvereniging.nl for more information (also in English )

Dutch Payments Association - introduction

17 June 2014 SWIFT Standards Forum 13 |

• One Single Euro Payments Area: can anybody object to that? Yes we can!

• No direct business drive, no overall direction, all parties in the payment chain

must change, in the same (short) timeline, legislation was a compromise,

Rulebooks without operational experience; not exactly an outline for success

• SEPA changed the basic infrastructure fundamentally and impacted the

administrative processes (businesses) more than foreseen at the first glance.

• National program in the Netherlands; central bank in the driver seat, steering

mainly based on ‘moral commitment’ (market) and legislation (banks).

Moving to SEPA was and is not one project,

although the changes are fundamental

17 June 2014 SWIFT Standards Forum 14 |

• Payments = 4 corner model; we all know, do we act accordingly?

• Stakeholders become more vocal;

1. what’s in it for me?

2. I have specific requirements, not necessarily the same as my neighbours

• Changing the basic infrastructure, whilst daily processing needed to be

continued, was and is challenging for all; provider and user need to step out

of their business relationship and partner up in the change.

• Up scaling to European level for standards, Rulebooks, legislation limits national

(effective and efficient) paymentsolutions; providers squeezed

“You never walk alone”

17 June 2014 SWIFT Standards Forum 15 |

Major topics for the (near) future

• Do not underestimate the increased impact of (international) basic standards;

the international, wholesale world with its flexibility and differentiation can not be

applied in the same way for mass (retail) payments. Key are:

> Stability

> Simplicity i.e. low operational costs

> Predictability, although longer change cycles do not align with innovation

• SEPA 2.0 will require updates, also in the basic standards; challege will be to

create a stable, basic infrastructure and flexibility in the customer offerings.

• Product development will be on cross-border SDD, eMandates, mobile,

eIdentity + more interaction between the ordering and payment processes.

17 June 2014 SWIFT Standards Forum 16 |

Will SEPA capitalise its potential benefits?

Cooperate on an effective and efficient

basic European payments infrastructure

and stop struggling from a national perspective.

You never walk alone;

same path, same direction makes it all the easier

SF NL: June 17, at Rabobank, Utrecht

TARGET2 – ISO 20022 Strategy

The pillars

• Replacement of all SWIFT FIN MT standards

• Content of the MX equivalent messages defined by the SWIFT user community

• Complete interoperability (content-wise) with the legacy standards - so-called “like-for-like” approach

• Comprehensive replacement at the occasion of SWIFT standard release (November 2017).

• No coexistence between “old” MT and “new” MX standards and no conversion feature offered by T2

Perimeter („like-for-like“ approach)

• Overall payment flow remains unchanged (e.g. full Y-Copy for PM and accounts identified by BICs)

• Payment and cash flow messages to be migrated: MT 103, MT 103+, MT 202, MT 202 COV, MT 204, MT 900 and MT 910

• Changes in ICM U2A screens should be kept to the minimum and should mainly aim at (renaming fields or tags)

• Translation of BIC into DN and vice versa in the addressing fields

• Network validation of the MX equivalents according to the “like-for-like” approach; TARGET2 will rely on SWIFT

• Support of only one message version on the network (Note: similar to today’s MT, but different to today’s parallel support of two Camt standard message versions);

Standards Forum At Rabobank, Utrecht

17/06/2014

ISO 20022 : the challenges

• T2S will give ISO20022 an additional boost

• However, areas for attention:

Implementing and maintaining standard: avoid divergence

Through uneven implementation:

• Local markets/international players will migrate at own pace

• Cost of maintaining multiple standards

• Difference in views/practices on ISO20022 implementation

Along the entire securities services spectrum

Supporting the move to ISO 20022

Example: T2S for ESES

• Early publication of data dictionaries

• Documentation in MyStandards

• Ongoing discussion with SWIFT to allow Euroclear clients to test message formats

through the Readiness Portal ahead of the T2S Community testing

10.05

11.00 to

#SFNL

Standards for collateral

management

Standardisation in the

corporate-to-bank arena

Auditorium

VIP Lounge

11.30

12.15 to

#SFNL

Charles Boniver, RBC Dexia

Fabrice Tomenko, Clearstream

Axelle Wurmser, BNP Paribas

11.30

12.15 to

#SFNL

Chantal

Van Es,

SWIFT

Luc Crahaij, ING

Kees van de Zilver,

Akzo Nobel

Eric Kossen, RBS

AkzoNobel

Utrecht

June 2014

AkzoNobel

ATIR | June 2014

We’re a leading global producer of paints, coatings and specialty chemicals.

Our innovative products might be on the wall of your house, in the food that you eat, on your

mobile device or laptop, in the cosmetics you use, on your furniture, in your lighting or on the

cars, airplanes and boats that you travel in.

Our heritage can be traced back more than 350 years and we currently employ around

50,000 people in over 80 countries.

We’re consistently ranked as one of the leaders in the area of sustainability and we love

developing new products and technologies that help meet the growing demands of our fast

changing world.

Trusted portfolio of global brands

The World of AkzoNobel

Market segments

~44% of revenues

New Build Projects

Maintenance, Renovation and Repair

Building Products and Components

~16% of revenues

Automotive OEM, Parts and

Assembly

Automotive Repair

Marine and Air Transport

~16% of revenues

Consumer Durables

Consumer Packaged Goods

~24% of revenues

Natural Resource and Energy

Industries

Process Industries

Alignment with group strategy…

32

Treasury & Investor Relations is

a center of expertise that supports

AkzoNobel and the finance

function to deliver leading

performance

ATIR | June 2014

On-going centralization of cash management processes to create financial benefits

and qualitative improvements.

Objectives ► Financial

– Automatic pooling of liquidity and less OD

– Improve working capital funding

– Reduce external payments

► Process efficiency

– Standardize payment processes via payment factory

– Automatic cash reconciliation

– Standard documentation

► Compliance

– Increase transparency in funding and hedging

– Support cash forecasting in (near) real time

► Bank partnering

– Match needs of local BU

– Credit support

Cash management Global infrastructure of regional bank partners…

Standard payment factory and in-house bank functionality, with local adaptions where

necessary and seamless integration with SAP.

Cash management … linked to global processes and technology

12.15

13.30 to

#SFNL

Let’s meet in the auditorium at 13.30 for chatroom kick-off

13.30

15.00 to

#SFNL

MyStandards Interoperability in action

ISO vs SWIFT process

SWIFT’s readiness for ISO 20022

Auditorium VIP Lounge

Foyer 1 Foyer 2

Choose

3

- Starts at 13.30

15.30

16.30 to

#SFNL

Paul

Janssens,

SWIFT

Jean-Paul Rousseau,

Febelfin

Benoit Waltregny,

ING

Ron Berndsen, Tilburg University

& DNB

Stephen Lindsay,

SWIFT

16.30

16.45 to

#SFNL

Ruud Sleenhoff, RBS

What is your definition of the term ‘Financial standard’

A business data metamodel

Logical message definitions (eg the ISO 20022 message repository)

Message format definitions (eg the SWIFT MT message library)

Market practices, or usage guidelines (eg the SMPG guidelines)

What is the most important single factor that the community needs to address to reduce implementation cost of standards?

Development methodologies

Tools and technologies

Development of available body of expertise

Collaboration between standardisers

• Holland

• Germany

• France

• Belgium

• Switzerland

• England

Who will win the World Cup?

#SFNL