Rouble Settlements via SWIFT Charles Robson 5th INTERNATIONAL ROUBLE SETTLEMENT FORUM

Country Profile – Russia – Dec20082 Agenda Some statistics Rouble Settlements via correspondent banking The Russian RTGS and SWIFT

Country Profile – Russia – Dec20083 CIS : Traffic Share Source : FIN_per Sales Area

Country Profile – Russia – Dec20084 Russia : Messages by market Russia CIS Aug/2008 Growth Payments16.97% Securities51.74% Treasury0.40% Trade7.89% Total17.97% Aug/2008 Growth Payments14.35% Securities51.15% Treasury2.91% Trade5.78% Total15.39%

Country Profile – Russia – Dec20085 Messages sent from Russia Top 10 receivers

Country Profile – Russia – Dec20086 Messages sent to Russia : Top 10 senders

Country Profile – Russia – Dec20087 Russia : Weight Domestic Traffic per Market Weight: 54% Weight: 26% Weight: 70% Weight: 15%

Country Profile – Russia – Dec20088 Agenda Some statistics Rouble Settlements via correspondent banking The Russian RTGS and SWIFT

Payments Market Practice Group Under the auspices of the Russian National SWIFT Association (User and Member Group together) guidelines have been worked out on how to use the ISO-Standards to do Rouble Payments: “RUR-6 guidelines”. Includes – amongst others – the MT 101, 103, 202, 205, 210, category 9 messages and n92, n95 & n96 messages. Includes transliteration table. Currently version 6. Available on swift.ru Country Profile – Russia – Dec20089

Issue(s) with RUR-6. They are not mandatory. Not all banks are using latest version, so banks have to support different versions, depending on their counterparts. The Central Bank’s Payment Order is not fully in line with the ISO-Standards from point of view of number of characters to be used for fields and Bank Identifiers. Country Profile – Russia – Dec200810

Country Profile – Russia – Dec Agenda Some statistics Rouble Settlements via correspondent banking The Russian RTGS and SWIFT

History Central Bank of Russia & SWIFT signed a Memorandum of Understanding on the fact that the SWIFT communication platform would be proposed to the RTGS participants as parallel communication channel for the Russian RTGS. Technically solution to support SWIFT as RTGS channel has been implemented. Based on some extra requirements from the National Security Service, the converter Central Bank of Russia proprietary formats to ISO-formats and vice versa is being finalised. Country Profile – Russia – Dec200812

13 Message Flow Russian RTGS CB of Russia Payments Application Converter CB of Russia – ISO Formats and vice versa SWIFT Backbone Network CB of Russia VPN CB of Russia VPN Direct Participants Indirect Participants

14 Steven Palstermans Head of Russia, CIS & Mongolia SWIFT Avenue Adele 1 B-1310 La Hulpe Belgium swift.com T D F M W E Thank you