1 / 10

European Trend for CSMs – what does this mean for SENT?

European Trend for CSMs – what does this mean for SENT? . Judit Baracs, Senior Account Director Payments Markets CEE 9 June 2011, Bucharest. Low value payment systems on SWIFT. Nets (NO+DK). Eurogiro (EU). BGC (SE). KIR (PL). Equens (NL). RPS (DE). VocaLink (GB). CSA (AT).

branxton
Download Presentation

European Trend for CSMs – what does this mean for SENT?

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. European Trend for CSMs – what does this mean for SENT? Judit Baracs, Senior Account Director Payments Markets CEE 9 June 2011, Bucharest

  2. Low value payment systems on SWIFT Nets (NO+DK) Eurogiro(EU) BGC (SE) KIR (PL) Equens(NL) RPS (DE) VocaLink (GB) CSA (AT) RPS (IE) FINA (HR) EBA (EU) Borica-Bankservice(BG) Dias (GR) Iberpay(ES) SIA-SSB (IT) ICCREA (IT) Equens(IT) BECS (AU) ACH (CO) ACH (UG) ACH (TZ) Bankserv(ZA) LVP System (NZ) More than 7 billion transactions on SWIFT already

  3. Benefits of using SWIFT Global market reach • Thousands banks • 600+ corporates • 19+ Retail payments systems (e.g.: ACHs) • 60+ high value payment systems (e.g. : Target2) • Supports both proprietary or standard format • Same infrastructure for all currencies • Credit transfer, direct debit, cheque • Flexible exchange method to cope with each local clearing community requirement Interoperability and flexibility • Closed business community • Single security and file transfer • Non-repudiation (proof of sender) • Reliability and availability (99.999% uptime) Cost efficiencies

  4. Benefits of using SWIFT • Predictability of costs (rebate based vs surcharge based for VPNs) • Clearer TCO on SWIFT side – mutualisation of means, prices decreasing over time • Any additional traffic has indirect impact on banks SWIFT tiering Compared to VPNs • SWIFT allows connecting to exogenous systems (EACHA framework/EBA Step2) • SWIFT allows connectivity to Settlement Systems (TARGET2) • Minimizes footprint at the bank side (reuse of SWIFT infrastructure) and FTE spending for maintenance and monitoring • Minimizes up-front set up and negotiations between parties • Span of messaging services available Expansion and reuse • 24/7 availability • Business and technical support included • Security is a must and part of base offer – delivery and authentication options available • SWIFT includes an insurance coverage SWIFT Premium service

  5. SWIFT The Romanian banks’ visionA total solution for payment and settlement systems     • Correspondent banks • ReGIS (HVP) • SAFIR (Securities) • TARGET2 (HVP) • SENT (LVP) • Regulatory Reporting • … + 1-2 other Networks (Card network,…) Benefit from SWIFT’s security, reliability, availability while reusing their existing infrastructure HVP: High Value Payments LVP: Low Value Payments

  6. SENT pricing via SWIFTNet • New price model common for all LVP MIs, the exact price level will be function of market conditions (LVP MI volumes, traffic patterns) • The per transaction fee in SENT for payments in files (with or without images) is 0.0007 EUR/transaction • 10,000 payments for 7 EUR • 100,000 payments for 70 EUR • 1 million payments for 700 EUR • 10 million payments for 7,000 EUR • Bulk payments, but with no need to count transactions, SWIFT will divide the file (size) by the set transaction size • SENT CUG would be reverse billed, banks pay for files sent & received – TransFonD does not pay • Increased security and reliability of file transfer • Decreases the per message SWIFT infratsructure costs, a step further for higher global tier

  7. Why move to the additional SENT SWIFT channel? • Price = costsaving, lower TCO thanproprietary network cost (whencompared) • Easytechnicalproject • no change to normal files, youjustchange the directory whereyousend/receive the files (for the automation to pick up/send the files) • More secure and reliable network withfinancialguarantee for files • Preparation for any file-basedproject (domestic or international) • Preparation for the future: SEPA

  8. Conclusion A partnership between TransFonD and SWIFT adds value to the Romanian banking community and to your bank Reliable, secure, global reach, cost effective solution Assist TransFonDin reducing costs and focus on value added offering Enable standardisation of the end-to-end domestic and international ACH transactions

  9. Contact details of Stephan Kraft, your country manager Stephan Kraft Senior Account Director SWIFT Austria GmbH Fischhof 3/6 1010 Vienna, Austria tel: +43 1 740 40 2374 mobile: +43 664 636 2090 email: stephan.kraft@swift.com

  10. Thank you

More Related