SWIFT Middle East Regional Conference Corporate Connectivity Abu Dhabi, March 2012

Clearing & Settlement Systems SWIFT Community Banks Corporates Payment Systems Clearing & Settlement Systems Insurance Companies Government Institutions Broker-Dealers Stock Exchanges Securities MIs Depositories Payments MIs IMIs Trustees SWIFT MERC Regional Conference - Abu Dhabi

Connectivity – An evolving landscape SWIFT for Corporates Multi-banked corporation Host-to-Host Connectivity Single bank multiple corporates in a supply chain Increasing number of banking relationships E-Banking Portal Single client-to-bank connection Increasing corporate technical sophistication & international reach SWIFT MERC Regional Conference - Abu Dhabi

“SWIFT for Corporates” value proposition Multiple bank channels Standardised gateway Corporate SWIFTNet Accounts payable receivable Treasury Other Single gateway Corporate VAN Accounts payable receivable Treasury Other host to host X Leased line e-banking Y Internet Fax - emails High cost Security issue Manual processing Many parties involved Multiple implementation skills Enables visibility on cash globally. Lower cost Increased control and security Reduced risk Clear cost structure SWIFT MERC Regional Conference - Abu Dhabi

Evolution of Financial services Cash Management Treasury and Risk Management Trade Finance MT101 MT103 MT940 MT798 FileAct SWIFT MERC Regional Conference - Abu Dhabi

Competitive advantages for banks New value added benefits for your Bank: Respond to corporate clients needs Complete channel product range Focus on value added services provided over a standardized channel Cross sell, gain additional business New value added services for your customers : Centralized accounting Real time visibility on funds and payment process Bulk payment offer Money market confirmation and real time matching New banking opportunities (Trade, Funds…) SWIFT MERC Regional Conference - Abu Dhabi

Framework for SWIFT connectivity SWIFTnet Framework for SWIFT connectivity Corporate Multi-banked, Seeking channel Standardisation Membership MACUG SCORE Register on each Bank CUG and obtain approval from each bank Listed on Stock Exchange of FATF country Nominated by a bank in FATF country Direct Indirect Alliance Lite Connectivity Infrastructure owned and operated by customer Infrastructure owned and operated by Service Bureau SWIFTNet connectivity infrastructure via the intenet Messaging Services FileAct FIN File Transfer File formats supported : PAYMUL, iFile, iDoc, XML ISO20022 Treasury payment MT Messages SWIFT MERC Regional Conference - Abu Dhabi

Corporate access to SWIFT - Membership An evolution 2001 MA-CUG Each bank sets up its own CUG environment – Corporates can join several MA-CUGs No usage restrictions Corporate A Corporate B Bank B Bank A Bank C 2007 SCORE Each bank joins the SWIFT administered CUG - Corporates access all banks in SCORE Limited usage restrictions SWIFT MERC Regional Conference - Abu Dhabi

Service bureau or Member/Concentrator Connectivity options Direct connection Manage your own SWIFT connection VPN VPN Network partners Indirect connection Outsource SWIFT connection VPN Internet or VPN Service bureau or Member/Concentrator Alliance Lite Simple solution over Internet Web server Internet Work flow SWIFTAlliance SWIFT SWIFT MERC Regional Conference - Abu Dhabi

Corporates on SWIFT Where do we stand today ? # registered corporate entities Geographical split Asia Pacific 902 726 9% 579 Americas 18% 402 73% EMEA SWIFT MERC Regional Conference - Abu Dhabi

Corporates MENA Distribution SWIFT MERC Regional Conference - Abu Dhabi

List of Corporates in MENA SWIFT MERC Regional Conference - Abu Dhabi

Evolution of corporate traffic in MENA SWIFT MERC Regional Conference - Abu Dhabi

Corporates in MENA - 2011 Distribution of MT sent with values SWIFT MERC Regional Conference - Abu Dhabi

Corporates in MENA - 2011 Distribution of MT received with values SWIFT MERC Regional Conference - Abu Dhabi

Case studies and customer testimonials (5 year business case analysis) Arcelor Mittal 600% ROI DuPont 200% ROI BELCORP GE 410% ROI Together with your bank we can make your business case Iberia 280% ROI EADS Microsoft 326% ROI Novartis 120% ROI Yves Rocher Petronas 410% ROI T-Mobile 180% ROI Swiss Re 4 x savings to investment SWIFT MERC Regional Conference - Abu Dhabi

SWIFT Secure Signature Key SWIFT MERC Regional Conference - Abu Dhabi

Current Landscape – The Corporate View We have !!! We want ALL BANKS Multi-Bank Multi-Application Multi-Network Multi-Country In practice, banks and their corporate clients must often manage and use multiple and different types of personal signing mechanisms (for example, multiple tokens or smartcards with different passwords). Using and maintaining different authentication methods in parallel adds to the complexity and leads to higher operational risk and cost. No uniform mechanism Different system per bank Costly & difficult to maintain SWIFT MERC Regional Conference - Abu Dhabi

Bank & Community Perspectives Interoperable: multi-bank, multi-application, multi-channel and multi-country Non-repudiation: PKI digital signature - WHO, WHAT, WHEN Highly secure: personal certificates and secure keys stored on hardware token Reducing costs: single shared CA infrastructure & operations BUT Banks do not want to rely on registration activity and/or PKI infrastructure of each other Each bank must do its own registration and comply with its own Know- Your-Customer rules SWIFT MERC Regional Conference - Abu Dhabi

Key benefits For Corporates One token, one process, one password across banks, networks and countries For Banks Cost effective use of trusted shared infrastructure whilst keeping control over the user identity (KYC) For Vendors Benefit from interoperable solution, easy to integrate and can be used across banks globally SWIFT MERC Regional Conference - Abu Dhabi

3SKey in 5 steps John 1 2 3 4 5 Obtain token Revoked ? Revoked ? Activate token on 3SKey Portal 2 Register token with one or multiple banks 3 John =corp12345678 John =corp12345678 John =corp12345678 Authenticate or sign messages on multiple channels 4 5 Check the CRL John corp12345678 SWIFT MERC Regional Conference - Abu Dhabi

Why using 3SKey? CORPORATE USERS BANKS Multi-bank signing solution Reduced complexity & cost by using single device & process Secure solution using latest cryptographic technology Better service to clients Interoperability without reliance amongst banks Cost reduction by using shared infrastructure SWIFT MERC Regional Conference - Abu Dhabi

Roll-out Status Roll-out Status 40 application vendors 25 banking groups +20,000 tokens distributed +9,000 activated users 80 countries SWIFT MERC Regional Conference - Abu Dhabi

Thank you SWIFT MERC Regional Conference - Abu Dhabi