Slide 1 ISO_20022_SV_v65 ISO The success of ISO – Universal financial Industry message scheme

Slide 2 ISO_20022_SV_v65 ISO The ISO recipe for all financial messages ISO Universal financial industry message scheme, the recipe:  syntax neutral business modelling methodology  syntax specific design rules  industry led development/registration process  financial repository on  reverse engineering approach to ease coexistence

Slide 3 ISO_20022_SV_v65 ISO MDDL TWIST FIX FpML IFX Why ISO 20022? Supports convergence and co-existence IFX ISO MDDL TWIST FIX FpML Message model Long term we want one standard, but in the interim several standards need to co-exist… Message model

Slide 4 ISO_20022_SV_v65 Bank ABank B Competitive Space Competitive Space Cooperative Space SME’s Tradefacilitation: ICC Rule Books, e-invoicing Cash: NCB rules, Industry Standards Securities: Rule Books, Exchanges, CCP’s CSD’s, Standardisation High Value Payments: RTGS, EURO1 and CHIPS Cards: Rule Books, Card Schemes, Cards Processors Certification & Networks: SWIFT Commercial Payments: Rule Books, Clearing Houses, Processors Financial Institutions Corporates Merchants Consumers Public Admini- strators Financial Institutions Public Admini- strators Corporates SME’s Merchants Consumers Cooperative space for business rules Cooperative space for standards FX and Money Markets: Rule Books, CLS Why ISO 20022? Convergence in the cooperative space

Slide 5 ISO_20022_SV_v65 The ISO recipe - For whom? Potential users and developers  communities of users looking for interoperability and more cost-effective communications  Message development organisations: CBI Consortium, FPL, RIXML, FpML, IFX Forum, TWIST, SWIFT, RosettaNet, OAGi, ACORD, XBRL, EPASOrg, Berlin Group, ANBIMA, ASF, etc.  Market Infrastructures (MIs): DTCC, FED, EBA, Target, CLS, Euroclear, Clearstream, Omgeo, ECB, NBB, etc.  International or national standards setters: ISITC, ISO TC68 WGs, UN/CEFACT, OMG, EPC, UK Payments Council, FFI, etc. There are also catalysts for interoperability and convergence, such as SEPA, T2S, Giovannini, MiFID, e-Invoicing

Slide 6 ISO_20022_SV_v65 ISO The registration bodies  Registration Management Group - RMG (Overall governance) –64 senior managers from 21 countries and 10 international organisations  Standards Evaluation Groups – SEGs (User representatives) –Securities (61 experts, 17 countries, 7 organisations) –Payments (56 experts, 16 countries, 4 organisations) –Cards and related retail financial services (32 experts, 14 countries, 4 organisations) –Trade Services (33 experts, 14 countries, 1 organisation) –Forex (24 experts, 11 countries, 3 organisations)  Technical Support Group – TSG (ISO technical advisors) –26 experts from 10 countries and 4 international organisations  Registration Authority – RA (Maintaining ISO repository)

Slide 7 ISO_20022_SV_v65 ISO The registration process Submitting organisation Financial organisation or standards body Business justification Business justification RMG Project approval & allocation to a SEG Submitting organisation & RA Development & provisional registration SEG Business validation RA Official registration and publication Repository Dictionary Catalogue Optional pilot testing or first implementers RMGmonitorsRMGmonitors Submitter & users Candidate ISO messages ISO messages

Slide 8 ISO_20022_SV_v65 The ISO recipe is used! (1/11) Payments Debtor Debtor’s financial institution Creditor’s financial institution ISO Creditor Cash Management Credit Transfers / Direct Debits / Mandates Exceptions & Investigations Credit Transfer Initiation Exceptions & Investigations Direct Debit Initiation Candidate ISO (in development) Advice & Statement Exceptions & Investigations Account Reporting Request Notification to Receive Change/Verify Account Identification Mandates Creditor Payment Activation Request Bank Account Management Cash Management Change/Verify Account Identification Creditor Payment Activation Request Bank Services Billing

Slide 9  60 ISO messages approved: –Customer payment initiation –Interbank payment clearing and settlement –Payments exceptions & investigations –Bank-to-customer cash management –Mandates –Change/verify account identification –Bank account management –Creditor payment activation request –Cash account reporting request & notification messages –Bank services billing –Authorities financial investigations  Candidate ISO messages approved for development: –Cash management –Cash lodgement and withdrawal –Real time payments –Account switching –Extended Remittance Advice messages  New development proposal: –None The ISO recipe is used! (2/11) Payments message portfolio is growing! ISO_20022_SV_v65

Slide 10 The ISO recipe is used! (3/11) Card message portfolio is growing Acceptor Acquirer Issuer ISO Authorisation (ATICA) POI transaction authorisation (CAPE) Candidate ISO (in development) POI Terminal Management (CAPE) Sale Management (CAPE) ISO_20022_SV_v65 ATMI transaction authorisation (IFX) ATM terminal Management (IFX)

Slide 11  18 ISO messages approved and published: –Card payments exchanges (CAPE) – Acceptor to Acquirer and Terminal Management  Candidate ISO messages under evaluation: –None  Candidate ISO messages approved for development: –ATM interface for transaction processing and ATM management (IFX) –Acquirer to issuer card messages (ATICA) –Card Payments Exchanges (CAPE) - Sale-to-POI management  New development proposal: –None The ISO recipe is used! (4/11) Cards and related retail financial services ISO_20022_SV_v65

Slide 12 ISO_20022_SV_v65 The ISO recipe is used! (5/11) Securities - equities and fixed income Custodian Pre-trade / Trade (FIX/SWIFT) I/CSD Settlement & Reconciliation (SWIFT) Seller Clearing agent Buyer ISO ISO Candidate ISO (in development) Issuers’ Agent Issuers’ Agent Communication (Euroclear) Post-Trade (Omgeo/SWIFT) CCP Clearing (FPL/SWIFT) Corporate Actions (SWIFT) Reconciliation TPV Statement (ISITC/SWIFT) Settlement (SWIFT) Reconciliation (SWIFT) Corporate Actions (SWIFT) Settlement (SWIFT) Corporate Actions (SWIFT) Settlement & Reconciliation (SWIFT) Regulators Transaction Regulatory Reporting (SWIFT)

Slide 13 ISO_20022_SV_v65 Fund accountant Institutional investor Investment manager Transfer agent Fund Cash Forecast Report Price Report Account Management ISO Candidate ISO (in development) New plan manager Old plan manager PEP/ISA/Portfolio Transfers The ISO recipe is used! (6/11) Securities - investment funds (CIV) Order & Confirmation & Status Transfer & Confirmation & Status Statements Prospectus or FPP report provider, e.g. Fund manager Prospectus or FPP report user, e.g. Fund distributor Request for Fund Report FPP Report Alternative Funds Order, Confirm & Status Fund Prospectus

Slide 14  155 ISO messages approved and published: –Investment funds distribution –Securities transaction regulatory reporting –Proxy voting –Issuers’ agents communication –Fund processing passport report –Securities settlement and reconciliation –Securities corporate actions –Securities post-trade –Total portfolio valuation report  Candidate ISO messages under evaluation: –Securities pre-trade/trade  Candidate ISO messages approved for development: –Alternative funds –TARGET2-Securities –CCP Clearing –Collateral management –Investment fund prospectus –SSI for Securities, Payments & FX  New development proposal: –Securities management accounting book-entry The ISO recipe is used! (7/11) Securities message portfolio is growing! ISO_20022_SV_v65

Slide 15 ISO_20022_SV_v65 The ISO recipe is used! (8/11) Forex FX order Ordering party Settlement party custodian Trading party Trading party FX & Loan/Deposit Advice & Allocations Loans and deposits Foreign exchange and currency options Interest rate swaps Central Settlement System NDF and Foreign Exchange Option Notifications NDF Opening and Valuation Notifications and Foreign Exchange Option Premium Notifications MTs FpML CUG (Trade Notifications) ISO 20022

Slide 16 ISO_20022_SV_v65  15 ISO messages approved and published: –Forex notifications  Candidate ISO messages under evaluation: –none  Candidate ISO messages approved for development: –none  New development proposals: –none The ISO recipe is used! (9/11) FX message portfolio is growing!

Slide 17 ISO_20022_SV_v65 Seller’s bank Buyer’s bank TSU Trade Services Management Candidate ISO (in development) ISO Buyer Seller Financial Invoice Invoice Financing Request The ISO recipe is used! (10/11) Trade Services Financial Invoice

Slide 18 ISO_20022_SV_v65  54 ISO messages approved and published: –Invoice financing request –Trade services management –Financial invoice  Candidate ISO messages under evaluation: –Demand guarantees and standby letters of credit  Candidate ISO messages approved for development: –Factoring services –Invoice Tax Report  New development proposals: –None The ISO recipe is used! (11/11) Trade message portfolio is growing!

Slide 19 ISO_20022_SV_v65 12 Jan ‘12 – 11 Apr ‘12 Continent Visits% Europe38,073 66% Americas9,214 16% Asia8,405 15% Oceania1,049 2% Africa949 2% CountryVisits% 1France6,72111% 2United States6,53211% 3United Kingdom5,3969% 4Germany5,2099% 5India2,6094% 6Belgium2,5914% 7Netherlands1,9593% 8Switzerland1,8993% 9Slovenia1,5123% 10Japan1,4933% 11Sweden1,4362% 12Italy1,2952% 13Singapore1,2162% 14Brazil1,1942% 15Finland1,1432% 16Denmark1,1022% 17Australia9632% 18Canada8271% 19Poland7571% 20Spain7461% 21Norway7101% 22Austria6781% 23Russia6541% 24Greece5631% 25China5371% 49,74284% From 12 January 2012 to 11 April 2012, had 59,000 visits from 34,600 visitors from 147 countrieswww.iso20022.org Who is interested by ISO 20022?

Slide 20 ISO_20022_SV_v65 & & uestions A nswers