Celebrating 30 years of SWIFT in China

• Find a nice china picture here for header page

China Business Forum

Celebrating 30 years with China

Alain Raes

1995

1985

2005

2014

3 7 , 9 8 4

m e s s a g e s

China’s growth in numbers

1 . 1 3 m

m e s s a g e s

5 1 . 7 m

m e s s a g e s

>>> Increased by 2892%

<<< Increased by 4450%

1 0 5 m

m e s s a g e s

>>> Increased by 103%

SWIFT is …

A

co-operative

organisation

serving the

financial

industry

A

provider of

highly secure

Financial

Messaging

services

The

Financial

Standardisation

body

10,000 + customers spread over 212 countries

A financial

Services

company

China Business Forum

Keep? Rather

basic info, but still

good for

reiteration of our

Neutrality

4

Market

infrastructures 330+ users

#5 world

payment

currency

Large

corporates

Offices in

Shanghai,

Beijing

Localised

support

model

3,000+

domestic

banks in

China

China Business Forum

Right now in China …

One Board

Member

1,000+

Corporates

+25 billion

financial

messages

per year

24 million

peak day

messages

11,000

IT changes

per year

99.999%

Availability

+ 100

million

peak day

batched

transaction

10,000+

Financial

Institutions

China Business Forum

SWIFT scale and reach …

100+ MI

connected

On-Shore, Cross-Border and Off-Shore

CNY Payments traffic Off-shore traffic represents 85% of total CNY traffic in 2014

All CNY traffic experience strong growth

282%

80%

106% 112%

0%

50%

100%

150%

200%

250%

300%

YTD Nov 2014 Traffic Growth vs YTD Nov 2013

Domestic Cross-border Off-Shore Grand Total

Calculation based on Average daily traffic volume

Domestic – CNY traffic sent AND received by CHINA

Cross-Border – CNY traffic sent OR received by CHINA

Off-shore – CNY traffic NEITHER sent NOR received by CHINA

6 China CNY Payments Traffic - YTD Nov 2014

94% 92% 87% 85%

5% 7% 8%

7%

1% 2% 4% 8%

0%

20%

40%

60%

80%

100%

2011 2012 2013 2014

Traffic Weight

Domestic

Cross-border

Off-Shore

Slide needs to be

updated with Dec

2014 numbers if

used

Our commitment to serve China

This picture gives

some airtime to

Shanghai. Their

city of dreams for

2020 to be a top*

International

Financial Centre

* Top 3

• ISO 20022 for STP

• Screening

• Testing

• Analytics

• KYC

• RMB Tracker

• Business Intelligence

• MyStandards

• Reference data

Products/services

to facilitate

RMB adoption

Standards

&

Compliance

• Banks, Corporates,

SOEs

• CIPS, Offshore RMB

Clearing centres

Connectivity

to

SWIFT

Our strategy in China: three primary areas of focus for

SWIFT

Our continued commitment to China

• Fighting Financial Crime & SWIFT Compliance Services roadmap

• CPSS-IOSCO, Sanctions, FinInform, Intraday liquidity

• Reliability of systemically important payment systems

• Principle 17 CPMI-IOSCO

• Multi-currency: HK (RMB/USD/EUR/HKD) MY (RMB/USD/MYR) TW

(TWD/USD/RMB)

• Extended hours: HK RMB RTGS (20.5 hours), BOJ-Net

• ASEAN Economic Community (AEC), CIPS,

• Increasing international connectivity of infrastructure (e.g. HKMA PvP)

• ISO 20022 adoption

Regulation &

Compliance

Regionalisation

Renewal

Resiliency &

Reliability

• 24*7 real-time retail payment, e.g. AU NPP, SG G3

• Trends in HVP & LVP hybrid, e.g. Mexico

Real-time payments

China Business Forum

Celebrating 30 years of SWIFT in China

• Find a nice china picture here for header page

China Business Forum

Celebrating 30 years with China

Alain Raes