ISO 20022 The success of ISO 20022 – Universal financial Industry message scheme This presentation is scripted. ISO_20022_SV_v110

ISO 20022 The ISO recipe for all financial messages ISO 20022 - Universal financial industry message scheme, the recipe: syntax neutral business modelling methodology syntax specific design rules industry led development/registration process financial repository on www.iso20022.org reverse engineering approach to ease coexistence ISO 20022 is not a suite of message standards but a recipe proposed by ISO to develop message standards for all domains of the financial industry. The recipe contains the ingredients shown. The most innovative characteristic of ISO 20022 is its modelling methodology which decouples the business standard from the physical message formats. The models evolve with the business, while the formats evolve with the technology to benefit from the latest innovations with regard to automation, ease of implementation, openness and cheapness of products, etc. This ISO 20022 recipe offers a better, cheaper and faster way of developing and implementing message standards. The syntax specific design rules cover the conversion of message models to XML (eXtended Markup Language) or ASN.1 (Abstract Syntax Notation One) schemas. The combination of the first and last ingredients (the business modelling methodology and the reverse engineering approach) makes the ISO 20022 recipe a unique development tool kit. It proposes a single target (convergence) while offering at the same time a tool to ease interoperability with other existing message sets (coexistence). ISO_20022_SV_v110

Why ISO 20022? Supports convergence and co-existence IFX ISO 15022 MDDL TWIST FIX FpML Message model IFX TWIST When standards are developed independently of each other, ‘translating’ from one standard to another requires to map data directly from one application to another and vice-versa. This is costly, unscalable and difficult to implement and maintain. Each time you add a new standard to support, it increases the complexity and cost exponentially. Using a single message model as a master model reduces the translation effort since each standard only needs to translate to the master to ensure a link with any other standard. Such an approach of developing syntax-independent business models is the core of the ISO 20022 standard… Longer term, the physical ISO 20022 messages generated from the model would become the one and only standard we are looking for. While getting there, the message model helps co-existence. Furthermore, if it is more efficient to use another syntax for a particular business area or a particular market segment, starting from the ISO 20022 message models to generate the messages in this other syntax ensures that the business information will flow smoothly from one message to another whichever the syntax used to transport this business information. Message model MDDL FpML FIX Long term we want one standard, but in the interim several standards need to co-exist… ISO_20022_SV_v110

Why ISO 20022? Convergence in the cooperative space Competitive Space Cooperative Space Competitive Space High Value Payments: RTGS, EURO1 and CHIPS Financial Institutions Financial Institutions FX and Money Markets: Rule Books, CLS Public Admini- strators Commercial Payments: Rule Books, Clearing Houses, Processors Public Admini- strators The ISO 20022 standardisation effort takes place in the cooperative space. As such it allows all financial players to maintain their competitive edge. Bank A Bank B Cards: Rule Books, Card Schemes, Cards Processors Corporates Corporates Tradefacilitation: ICC Rule Books, e-invoicing SME’s SME’s Cash: NCB rules, Industry Standards Merchants Merchants Securities: Rule Books, Exchanges, CCP’s CSD’s, Standardisation Consumers Consumers Certification & Networks: SWIFT Cooperative space for business rules Cooperative space for standards ISO_20022_SV_v110

The ISO 20022 recipe - For whom? Potential users and developers communities of users looking for interoperability and more cost-effective communications Message development organisations: ACORD, ANBIMA, ASF, Berlin Group, BIAN, CBI Consortium, Early Warning Services, FPL, FpML, IFX Forum, nexo A.I.S.B.L (formerly EPASOrg), OAGi, SWIFT, Tieto, TWIST, XBRL, etc. Market Infrastructures (MIs): China Foreign Exchange Trade System, China UnionPay, Clearstream, CLS, DTCC, EBA, ECB-Banque de France-Banco de España-Deutsche Bundesbank, Euroclear, FED, Omgeo, Target, T2S, ESMA, etc. International or national standards setters: Danish Bankers Association, EPC, Federation of Finnish Financial Services (FFI), ISITC, ISO WGs, Payments UK, Russian Corporate Market Practice Group (RU-CMPG), UN/CEFACT, South African Bureau of Standards (SABS), etc. To whom is the ISO 20022 recipe targeted? The ISO 20022 platform is available to all developers of message standards (they don’t need to be affiliated to ISO). And the ISO 20022 message standards are freely and publicly available to all communities of users. The goal is to attract all developers of financial message standards. They will continue to focus on their domain of expertise and keep their Intellectual Property Rights (IPR) on the ISO 20022-compliant messages they develop while all together offering the community a range of messages in the same language, as if they were developed by a single body. The organisations ‘in yellow’ on the slide have already engaged in ISO 20022 message development. Market infrastructures (ACHs, RTGS, [I]CSDs, etc.) are adopting and pushing developers to embrace the ISO 20022 standard for the benefit of their common customers. Industry initiatives and regulatory requirements, such as the European e-Invoicing initiative, SEPA, Target2-Securities, Giovannini and MiFID, MiFIR, EMIR, which all look for open standards to support their harmonisation of business practices, are all recommending adoption of ISO 20022… There are also catalysts for interoperability and convergence, such as SEPA, T2S, Giovannini, MiFID, MiFIR, EMIR, e-Invoicing ISO_20022_SV_v110

ISO 20022 The registration bodies Registration Management Group - RMG (Overall governance) 70 senior managers from 21 countries and 14 international organisations Standards Evaluation Groups – SEGs (User representatives) Securities (72 experts, 17 countries, 9 organisations) and Derivatives SubSEG (48 experts, 7 countries, 10 organisations) Payments (59 experts, 19 countries, 6 organisations) Cards and related retail financial services (31 experts, 15 countries, 5 organisations) Trade Services (29 experts, 12 countries, 1 organisation) Forex (22 experts, 9 countries, 3 organisations) Technical Support Group – TSG (ISO 20022 technical advisors) 30 experts from 9 countries and 7 international organisations Registration Authority – RA (Maintaining ISO 20022 repository) The industry is directly involved in the acceptance, review and evaluation of candidate ISO 20022 messages submitted by the submitting organisations. The Registration Management Group (RMG) is the highest registration body. It is made up of senior industry experts representing countries and international organisations. All together, they represent all sectors of the financial industry. The role of the RMG is to promote and support the involvement of financial service actors to facilitate the registration and maintenance of high quality globally relevant ISO 20022 compliant business models for exchange of information for financial services. Its mission is to ensure that ISO 20022 is a trusted standard providing high quality business models for exchange of information for financial services. The RMG supervises the overall registration process. It approves the business justifications introduced by submitting organisations that want to develop new ISO 20022 messages. It also initiates the creation of the Standards Evaluation Groups (SEGs). The Standards Evaluation Groups (SEGs) and SubSEGs are groups of industry experts, which each represents the future users of ISO 20022 messages in a particular financial domain. Their role is to ensure that the candidate ISO 20022 messages actually address the needs of the future users. The Technical Support Group (TSG) is composed of technical experts, who can advise the submitting organizations and the other ISO 20022 registration bodies on technical matters related to the use of the ISO 20022 recipe, e.g., modelling guidelines, usage of XML or ASN.1, repository management, impact of innovations, etc. The Registration Authority (RA) is the guardian of the ISO 20022 financial repository. SWIFT has been nominated by ISO to provide the RA services. The RA supports the submitting organisations in their development effort, ensures compliance of the developed models and performs the transformation of message models into compliant ASN.1 or XML schemas. The RA is also responsible for the maintenance of the ISO 20022 website (www.iso20022.org) which contains detailed information on the ISO 20022 message portfolio and the status of all ISO 20022 projects. The RMG and the first two SEGs were initiated in 2005 and the next two SEGs in 2006, while the fifth SEG and the TSG were created in 2008. The Derivatives SubSEG was created in 2016. As you can see from the figures on the slide, ISO 20022 is quite successful in attracting the interest of the industry worldwide. ISO_20022_SV_v110

ISO 20022 The registration process Development Process Submitting organisation Financial organisation or standards body Business justification Business justification RMG Project approval & allocation to a SEG This is an illustration of the process for development and registration of new sets of messages. There is a more detailed description of it on www.iso20022.org. The entry point of the registration process is the preparation of a ‘Business Justification’ by the organisation that wants to develop the messages (the “submitting organisation”). The Business Justification must describe the high level scope of the messages to be developed and the reason why they are expected to benefit the industry. The Business Justification is reviewed by the SEGs and the RMG. The RMG will decide whether the proposed development fits into the ISO 20022 spectrum, does not duplicate the already existing messages and is indeed beneficial to the community. If the request is approved, the RMG decides which SEG(s) will be in charge of the evaluation of the messages, once developed. The submitting organisation develops ISO 20022 compliant business and message models. The RA assists the submitting organisation during this phase in order to ensure that the models are compliant and use the right components from the Data Dictionary. If need be, the RA may create additional dictionary items. When the development is completed, the RA generates the ISO 20022 XML or ASN.1 schemas and prepares a comprehensive documentation for the SEG. Based on this documentation, the SEG(s) evaluates the candidate ISO 20022 messages. The main goal of the SEG(s) is to get the buy-in of the future users from a business perspective. The submitting organisation is participating to the evaluation to help the SEG understand the proposed solution and address any question that would be raised by the SEG members. When/if the SEG approves the messages, the RA proceeds to the official registration of the message components in the ISO 20022 Data Dictionary and publishes the new ‘ISO 20022 messages’ in the Catalogue of messages on www.iso20022.org. When messages are first piloted or implemented, first users are invited to comment on the ‘technical implementability’ of the messages and the accuracy of the documentation published on the website. Possible changes or corrections requested by first implementers will be evaluated by the SEG, the RA and the submitting organisation and may lead to changes to the messages and/or documentation. All along, the RMG monitors the work and if need be, arbitrates any disputes. Once the Business Justification is approved by the RMG, and as long as the messages have not been approved by the SEG, the messages are called ‘candidate ISO 20022 messages’. Once they are approved by the SEG for publication, the messages are called ‘ISO 20022 messages’ or ‘ISO 20022 compliant messages’. Candidate ISO 20022 messages Submitting organisation & RA Development & provisional registration SEG Business validation ISO 20022 messages Official registration and publication RA Repository Dictionary Catalogue www.iso20022.org Optional pilot testing or first implementers Submitter & users ISO_20022_SV_v110

ISO 20022 registration process Yearly maintenance process Timing By June 1 Users introduce Change Requests to the RA Users CRs SEG SEG screens Change Requests (CRs) By July 7 Submitting organisation prepares ‘Maintenance Change Request’ with each CR implementation By August 21 Submitting organisation Once approved, the ISO 20022 messages can be maintained upon request of the users. The ISO 20022 maintenance process is described at http://www.iso20022.org/maintenance.page. The yearly maintenance cycle includes the following steps: 1) All Change Requests (CRs) are to be sent to the RA by June 1 using a “Change Request Template” . Anybody can introduce a CR. All received CRs are published in the Catalogue of Change Requests (http://www.iso20022.org/Catalogue_of_Change_Requests.page) 2) Valid CRs received prior to June 1 are evaluated by the SEG(s) that approved the initial version of the messages. Purpose of this initial evaluation is to eliminate the CRs that are not worth investigating further and to decide whether CRs that are worth considering should be implemented in the upcoming yearly maintenance cycle or can wait for another year. 3) Selected CRs for the upcoming cycle are forwarded to the submitting organisation in charge of the maintenance of the messages for investigation. This results in a “Maintenance Change Request” document describing how each change request could be implemented. The Maintenance Change Requests are published in the Status of Submissions (http://www.iso20022.org/status_of_submissions.page). 4) The SEG reviews the Maintenance Change Request and approves or rejects each of the CRs. 5) The submitting organisation develops new versions of the messages incorporating the approved CRs. 6) The SEG validates that the new versions indeed include the approved changes. 7) The approved new versions of messages are published by the RA. 8) The first implementers of the new versions are invited to comment on the ‘technical implementability’ of the messages and the accuracy of the documentation published on the website. Possible changes or corrections requested by first implementers will be evaluated by the SEG, the RA and the submitting organisation and may lead to changes to the messages and/or documentation. If approved by the SEG, this maintenance cycle can be used in a ‘fast-track’ mode in case of urgent Change Requests that cannot wait for the next yearly cycle. SEG By October 1 SEG approval/rejection By December 1 Submitting organisation & RA Development of new versions SEG Validation of new versions By February 1 RA Registration and publication Repository Dictionary Catalogue April-May First implementers Submitting organisation & users ISO_20022_SV_v110

The ISO 20022 recipe is used! (1/11) Payments Credit Transfers / Direct Debits / Mandates Financial Investigations Exceptions & Investigations Change/Verify Account Identification Creditor Payment Activation Request Authorities Debtor’s bank Cash Management Creditor’s bank Account Switching This is an overview of the current ISO 20022 offering to support the Payments market. The picture shows the various flows of information exchanged by the parties to initiate, execute and report the execution of a payment. The yellow arrows are already covered by approved ISO 20022 messages, while the blue arrows are still candidate ISO 20022 messages. In September 2005, the Payments SEG approved the very first set of ISO 20022 messages covering the area of ‘customer to bank credit transfer initiation’, which included the so-called ‘core payment kernel’ developed jointly by SWIFT, TWIST, IFX and OAGi. In June 2006, the SEG approved a new version of the payment initiation messages, including direct debits as well as the interbank direct debit and credit transfer messages. The interbank messages were developed by SWIFT. In July 2006, the SEG approved a set of messages developed by SWIFT to cover exceptions and investigations in the payments area. In March 2007, the SEG approved 3 bank to customer advice and statement messages developed jointly by SWIFT, TWIST, IFX, OAGi and ISITC. In March 2009, the SEG approved a new version of the whole ISO 20022 Payments message set, to accommodate change requests received from the user base. In August 2009, the SEG approved four Mandate messages developed by SWIFT to initiate and maintain payment mandates. In December 2009, the SEG approved a set of 3 messages developed by the the French SWIFT Users Group to inform payment initiators of a change in the account identification of their counterpart or verify the account of the beneficiary before instructing a payment. In March 2010, the SEG approved 15 Bank Account Management messages developed by SWIFT to enable corporate clients to open a bank account with their bank and maintain related data. In September 2010, the SEG approved a set of 2 messages developed by the CBI Consortium to enable creditors to request debtors to initiate a credit transfer in their favour. In November 2010, the SEG approved a set of 4 Cash Account Reporting Request and Notification to Receive messages developed by SWIFT. In May 2012, the SEG approved a Bank Services Billing message developed by TWIST and SWIFT. In October 2012, the SEG approved 3 Authorities Financial Investigations messages developed by the Federation of Finnish Financial Services (FFI) (not represented on the slide). In April 2014, the SEG approved two Stand-Alone Remittance Advice messages developed by IFX and OAGi. -In March 2016, the SEG approved ten candidate Cross-border Transactions Currency Control Reporting (CTCCR) messages submitted by the Russian Corporate Market Practice Group (not represented on the slide) and one candidate interbank Financial Institution Direct Debit message contributed by SWIFT to complement the ‘Payments Clearing and Settlement’ message set. The following business justifications have been approved by the RMG and will complement the approved messages: a whole suite of candidate cash management messages developed by SWIFT. They will include ‘query/answer’ messages to retrieve information about cash accounts and transaction, as well as interbank statement and advice messages Payments Mandates – Supplement: 2 additional Mandates messages proposed by SWIFT and the South African Bureau of Standards (SABS) Payments Status Request: an additional Payment Clearing and Settlement message proposed by SWIFT and the European Payments Council (EPC) Account Switching by Payments UK. Mandate Status List by the Danish Bankers Association. Payment Pre-Authorization (PaPA) by Early Warning Services. The last 2 projects are not represented on the slide. In May 2016, SWIFT and the South African Brureau of Standards (SABS) submitted jointly a business justification for the development of two additional Payments Mandates messages. In May 2016, SWIFT and EPC submitted jointly a business justification for the development of a Payment Status Request message to complement the Payments Clearing and Settlement message set. Account Switching Exceptions & Investigations ISO 20022 Advice & Statement Change/Verify Account Identification Bank Account Management Creditor Payment Activation Request Account Reporting Request Notification to Receive Mandates Credit Transfer Initiation Advice & Statement Exceptions & Investigations Creditor Payment Activation Request Stand-Alone Remittance Advice Direct Debit Initiation Stand-Alone Remittance Advice Candidate ISO 20022 (in development) Bank Services Billing Bank Services Billing Debtor Creditor ISO_20022_SV_v110

The ISO 20022 recipe is used! (2/11) Payments message portfolio is growing! 75 ISO 20022 messages approved: Customer payment initiation Interbank payment clearing and settlement Payments exceptions & investigations Bank-to-customer cash management Payments mandates Change/verify account identification Bank account management Creditor payment activation request Cash account reporting request & notification messages Bank services billing Authorities financial investigations Stand-alone remittance advice messages Cross-border transactions currency control reporting (CTCCR) Candidate ISO 20022 messages under evaluation: none Candidate ISO 20022 messages approved for development: Cash management Account switching Mandate status list Payment pre-authorization (PaPA) Payments mandates – supplement Payment status request ISO_20022_SV_v110

The ISO 20022 recipe is used! (3/11) Card message portfolio is growing Authorisation (ATICA) Acquirer Issuer In October 2010, the Cards and Related Retail Financial Services SEG approved a first set of 15 Card Payments Exchange (CAPE) Acceptor to Acquirer messages developed by nexo A.I.S.B.L (formerly EPASOrg) to support Acceptor to Acquirer POI activities, including authorisation, completion, batch transfer, cancellation, reconciliation, diagnostic and rejection. In April 2011, the SEG approved an additional three CAPE messages developed by nexo A.I.S.B.L to cover POI Terminal Management, including status report, management plan and acceptor parameters. In January 2013, it approved a fourth CAPE - Terminal Management message submitted by nexo A.I.S.B.L . In January 2014, the Cards and Related Retail Financial Services SEG approved two new CAPE – Acceptor to Acquirer messages developed by nexo A.I.S.B.L . In January 2015, the SEG approved an additional two CAPE - Terminal Management messages developed by nexo A.I.S.B.L. In August 2015, the SEG approved 21 ATM interface for transaction processing and ATM management messages developed jointly by the IFX Forum and nexo A.I.S.B.L.. In February 2016, a first set of 13 Acquirer to issuer card messages (ATICA), developed by ISO TC68/SC7/TG1 as a reverse engineering of ISO 8583 card messages in ISO 20022, were published as a proof of concept. In February 2016, the SEG also approved two additional CAPE – Terminal Management messages developed by nexo A.I.S.B.L. In May 2016, the SEG approved 8 additional candidate ATM interface for transaction processing and ATM management messages developed jointly by the IFX Forum and nexo A.I.S.B.L.. ISO TC68/SC7/TG1 is expected to deliver a new, more comprehensive version of the ATICA messages by the end of 2016. nexo A.I.S.B.L will develop additional candidate messages to cover the Sale Management at the retailer (Sale to POI). Two other business justifications were approved by the RMG: - Dispute resolution in cards fee collection proposed by China UnionPay. 15 candidate messages were submitted to the SEG for review in July 2016. - Payment Tokens Management Exchanges (a.k.a. TOKE) by nexo A.I.S.B.L. ATMI transaction authorisation POI transaction authorisation (CAPE) POI Terminal Management (CAPE) ATM terminal Management ISO 20022 Candidate ISO 20022 (in development) Acceptor Sale Management (CAPE) ISO_20022_SV_v110

The ISO 20022 recipe is used! (4/11) Cards and related retail financial services 67 ISO 20022 messages approved: Card payments exchanges (CAPE) – Acceptor to Acquirer and Terminal Management ATM interface for transaction processing and ATM management Acquirer to issuer card messages (ATICA – first version) Candidate ISO 20022 messages under evaluation Dispute Resolution in Cards Fee Collection Candidate ISO 20022 messages approved for development: Card Payments Exchanges (CAPE) - Sale-to-POI management Payment Tokens Management Exchanges (TOKE) Acquirer to issuer card messages (ATICA – second version) ISO_20022_SV_v110

The ISO 20022 recipe is used! (5/11) Securities - equities and fixed income Buyer Seller Pre-trade / Trade (FIX/SWIFT) Post-Trade (Omgeo/SWIFT) CCP Clearing (FPL/SWIFT) Regulators Transaction Regulatory Reporting (SWIFT) Corporate Actions (SWIFT) Settlement (SWIFT) Settlement (SWIFT) Corporate Actions (SWIFT) On the traditional fixed income and equities markets, the securities industry is using ISO 15022, the precursor of ISO 20022. ISO 15022 (illustrated in red/orange on the slide) covers a large part of the securities business from trade to settlement and reconciliation, and corporate actions. ISO 20022 developments initially focused on areas not (well) covered by ISO 15022 such as: the pre-trade and trade space (29 candidate messages submitted by FIX and SWIFT) the transaction regulatory reporting required to address MiFID (four messages developed by SWIFT) the proxy voting process (eight messages developed by SWIFT) the issuer’s agent communication for corporate actions (22 messages developed by Euroclear) the investment funds distribution (see next slide). However, under the pressure of the firms who have not invested in ISO 15022 and would prefer to invest directly in ISO 20022 the industry initiatives (Giovannini, MiFID, T2S) recommending ISO 20022 the other financial industry sectors which are moving to ISO 20022 (eg, payments/SEPA), the RMG approved the development of ISO 20022 equivalent messages in the ‘core’ areas of settlement and reconciliation (29 messages approved in December 2009) and corporate actions (13 messages approved in December 2009), which are covered by ISO 15022. An initial set of 5 Post-trade matching messages developed by SWIFT and Omgeo was approved by the Securities SEG on 3 August 2011. On 7 October 2011, the SEG approved a Total Portfolio Valuation Statement report submitted by SWIFT on behalf of ISITC and 4 additional Settlement and Reconciliation messages developed by SWIFT, including an Audit Trail to be used by T2S. On 22 January 2015, the SEG approved 10 CCP Clearing messages submitted by SWIFT and FPL as well as 14 Collateral Management messages submitted by SWIFT, FPL, FpML and ISITC. On 25 January 2016, the SEG approved 5 Money Market Statistical Reporting (MMSR) messages submitted by the ECB, Banque de France, Deutsche Bundesbank and Banco de Espana. SWIFT, Omgeo, FPL, FpML, ISITC , ECB and the 4CB have also started development of candidate ISO 20022 messages in a series of specific areas. In February 2016, the ISO 15022 variants of the Settlement and Reconciliation messages and the Corporate Actions messages, developed by SWIFT, were published as Variant “002” of the corresponding global messages. In May 2016, the SEG approved 4 Standing Settlement Instructions for Securities, Payments and FX messages submitted jointly by Omgeo, ISITC and FPL. In July 2016, it received the evaluation documentation of 20 candidate Financial Instruments and Transactions Regulatory Reporting messages submitted by ESMA to cover EMIR and MiFID II/MiFIR reporting. NB: the slide doesn’t show all the approved message sets/business justifications. ISO 20022 Reconciliation TPV Statement (ISITC/SWIFT) Candidate ISO 20022 (in development) Reconciliation (SWIFT) ISO 15022 I/CSD Settlement & Reconciliation (SWIFT) Settlement & Reconciliation (SWIFT) Custodian Issuers’ Agent Communication (Euroclear) Clearing agent Corporate Actions (SWIFT) Issuers’ Agent ISO_20022_SV_v110

The ISO 20022 recipe is used! (6/11) Securities - investment funds (CIV) Portfolio Transfers Old plan manager Fund accountant New plan manager Price Report Order & Confirmation & Status A full set of 68 ISO 20022 messages was developed by SWIFT in the area of Collective Investment Vehicle (CIV). 45 of them were approved in December 2005. A second release, including 22 additional messages, was approved in April 2008. Two Fund Processing Passport Report messages from SWIFT were approved in November 2009. Clearstream has developed two messages, approved in March 2016, to offer a ‘Transparency of Holdings’ statement mechanism primarily intended for holdings of shares in investment funds, but also of use for other types of instruments. Transfer & Confirmation & Status Transfer agent Transparency of Holdings Institutional investor Statements Account Management Fund Cash Forecast Report Request for Fund Report Prospectus or FPP report user, e.g. Fund distributor FPP Report Investment manager Prospectus or FPP report provider, e.g. Fund manager ISO 20022 Candidate ISO 20022 (in development) ISO_20022_SV_v110

The ISO 20022 recipe is used! (7/11) Securities message portfolio is growing! 189 ISO 20022 messages approved and published: Investment funds distribution Securities transaction regulatory reporting Proxy voting Issuers’ agents communication Securities settlement and reconciliation, including ISO 15022 variants Securities corporate actions, including ISO 15022 variants Securities post-trade Total portfolio valuation report CCP Clearing Collateral management Money Market Statistical Reporting (MMSR) Transparency of holdings SSI for Securities, Payments & FX Candidate ISO 20022 messages under evaluation: Financial Instruments and Transactions Regulatory Reporting Candidate ISO 20022 messages approved for development: TARGET2-Securities New development proposals: none ISO_20022_SV_v110

The ISO 20022 recipe is used! (8/11) Forex Trading system ISO 20022 Candidate ISO 20022 (in development) Ordering party MTs FpML CUG (Trade Notifications) FX order Interest rate swaps Trade capture Trading party In March 2007, the FX SEG approved 15 Forex Notifications messages submitted by CLS. In September 2015, the SEG approved a set of 13 ‘Post Trade Foreign Exchange’ message definitions developed by CLS. This message set was complemented with two message definitions from the Forex Notifications message set, the rest of the latter message set was archived. The SWIFT MT and FpML messages shown on the slide are for information only. In February 2016, the FX SEG approved two candidate message sets: FX Post-Trade Trade Capture and FX Post-Trade Confirmation, submitted by China Foreign Exchange Trade System (CFETS). In July 2016, the RMG approved a business justification from CLS for the enhancements of the Post Trade Foreign Exchange message set, including development of 4 additional messages. Foreign exchange instruments Loans and deposits Trading party FX & Loan/Deposit Advice & Allocations Deriv-atives FX Spot, Forward & Swap instructions NDF and FX Option instructions (archived) Settlement party custodian Status notifications and payment information Status notifications and payment information Central Settlement System ISO_20022_SV_v110

The ISO 20022 recipe is used! (9/11) FX message portfolio is growing! 23 ISO 20022 messages approved and published: Post Trade FX messages FX Post-Trade Confirmation FX Post-Trade Trade Capture Candidate ISO 20022 messages under evaluation: None Candidate ISO 20022 messages approved for development: Post Trade FX - Supplement New development proposals ISO_20022_SV_v110

The ISO 20022 recipe is used! (10/11) Trade Services Buyer’s bank Seller’s bank Financial Invoice Trade Services Management Trade Services Management TSU Invoice Tax Report The Trade Services SEG approved: 3 Invoice Financing Request messages submitted by the CBI Consortium in October 2007, 50 Trade Services Management (TSU) messages submitted by SWIFT in April 2008. a Financial Invoice message developed by UN/CEFACT in October 2010 20 messages developed by SWIFT to support Demand Guarantees and Standby Letters of Credit (this is not represented on the slide) in December 2012 11 Factoring Services messages developed by the Association Française des Sociétés Financières (ASF) in March 2015. In March 2016, the SEG received the evaluation documentation of 2 candidate Invoice Tax Report messages developed by the Federation of Finnish Financial Services (FFI) & Tieto Corporation. ISO 20022 Financial Invoice Candidate ISO 20022 (in development) Factoring Services Invoice Financing Request Factoring Services Financial Invoice Tax Authority Invoice Tax Report Financial Invoice Buyer Seller ISO_20022_SV_v110

The ISO 20022 recipe is used! (11/11) Trade message portfolio is growing! 85 ISO 20022 messages approved: Invoice financing request Trade services management Financial invoice Demand guarantees and standby letters of credit Factoring services 2 candidate ISO 20022 messages under evaluation: Invoice Tax Report Candidate ISO 20022 messages approved for development: None New development proposals: ISO_20022_SV_v110

Who is interested by ISO 20022? Country/Territory Sessions % 1 United States 66,772 13% 2 United Kingdom 47,101 9% 3 India 38,067 8% 4 France 32,754 7% 5 Germany 29,905 6% 6 Switzerland 21,846 4% 7 Spain 18,129 8 Italy 16,161 3% 9 Belgium 14,798 10 Netherlands 13,655 11 Sweden 13,392 12 Australia 12,732 13 Singapore 9,010 2% 14 Canada 8,898 15 Russia 8,532 16 Japan 8,415 17 Finland 7,654 18 Poland 6,993 1% 19 Brazil 6,977 20 Norway 6,512 21 Denmark 5,587 22 Austria 5,160 23 South Africa 5,071 24 Hong Kong 4,869 25 Czech Republic 4,103 26 Lithuania 3,790 27 Portugal 3,640 28 China 3,575 29 Thailand 3,359 85.64% From 11 Oct 2014 to 11 Oct 2015, www.iso20022.org had 499,211 visits from 310,554 visitors from 206 countries - The continents are sorted on the number of visits to the ISO 20022 website. - The 29 countries listed in the table (right) are those representing 85 % of the ISO 20022 website visits. 11 Oct 14 – 11 Oct 15 Continent Number of visits % Europe 291,239 58.3% Asia 91,938 18.4% Americas 89,260 17.9% Oceania 14,062 2.8% Africa 11,074 2.2% ISO_20022_SV_v110

& Answers uestions www.iso20022.org iso20022ra@iso20022.org We have reached the end of this presentation. Remember, a lot of information is available on the ISO 20022 website (www.iso20022.org), which is updated on an ongoing basis, but questions and comments can also be sent to the RA: iso20022ra@iso20022.org Answers iso20022ra@iso20022.org ISO_20022_SV_v110