1.
Welcome to
the Standards Forum,
Utrecht
#SFNL
Where business and standardisation meet

2.
9.30
10.05
to
#SFNL
Ineke
Bussemaker,
Rabobank Nederland

3.
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

4.
ISO 20022 adoption - Drivers
Globalization/
interoperability
Modernization/upgrade
of services
Renewal of
legacy systems
Regulation/
harmonization
Market
infrastructures
are driving
adoption
ENTER

5.
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

6.
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
KRLU
MX
NL
DK
SEPA
PT
IT
SG
SK
SE
CH
UK
US
CBI, IT
ES
SWIFT
for
Corporates –
Cash
management
Based on
CGI
guidelines

7.
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 MISecurities 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

8.
ISO 20022 Adoption – SWIFT for Funds – Live usage
8
GB
CH
AU
TW
SE
FI
NO
IE
ES
IT
GR
EE
BE
NL
LU
KRUS 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

9.
ISO 20022 Initiatives ahead
Planned live dates
2008 2013 20202014 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)
…

10.
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)

11.
17 June 2014
Utrecht
Manager Team
Payments
Frans C. van Beers
SEPA Migration in The Netherlands
“You never walk alone”

12.
17 June 2014SWIFT 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

13.
17 June 2014SWIFT 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

14.
17 June 2014SWIFT 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”

15.
17 June 2014SWIFT 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.

16.
17 June 2014SWIFT 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

17.
SF NL: June 17, at Rabobank, Utrecht
TARGET2 – ISO 20022 Strategy

18.
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

19.
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);

20.
Standards Forum
At Rabobank, Utrecht
17/06/2014

21.
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

22.
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

23.
10.05
11.00
to
#SFNL
Standards for
collateral
managementStandardisation
in the
corporate-to-bank
arena
Auditorium
VIP Lounge

24.
11.30
12.15
to
#SFNL
Charles
Boniver,
RBC Dexia
Fabrice
Tomenko,
Clearstream
Axelle
Wurmser,
BNP Paribas

25.
11.30
12.15
to
#SFNL
Chantal
Van Es,
SWIFT
Luc Crahaij,
ING
Kees van de
Zilver,
Akzo Nobel
Eric Kossen,
RBS

26.
AkzoNobel
Utrecht
June 2014

27.
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.

28.
Trusted portfolio of global brands

29.
The World of AkzoNobel

30.
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

31.
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

32.
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…

33.
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

34.
12.15
13.30
to
#SFNL
Let’s meet in the auditorium
at 13.30 for
chatroom kick-off

35.
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

36.
15.30
16.30
to
#SFNL
Paul
Janssens,
SWIFT
Jean-Paul
Rousseau,
Febelfin
Benoit
Waltregny,
ING
Ron Berndsen,
Tilburg University
& DNB
Stephen
Lindsay,
SWIFT

37.
16.30
16.45
to
#SFNL
Ruud Sleenhoff,
RBS

38.
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)

39.
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

40.
• Holland
• Germany
• France
• Belgium
• Switzerland
• England
Who will win the World Cup?

41.
#SFNL