1. Slide 1 ISO_20022_SV_v84 ISO 20022 The success of ISO 20022 – Universal financial Industry message scheme

2. Slide 2 ISO_20022_SV_v84 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

3. Slide 3 ISO_20022_SV_v84 ISO 15022 MDDL TWIST FIX FpML IFX Why ISO 20022? Supports convergence and co-existence IFX ISO 15022 MDDL TWIST FIX FpML Message model Long term we want one standard, but in the interim several standards need to co-exist… Message model

4. Slide 4 ISO_20022_SV_v84 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

5. Slide 5 ISO_20022_SV_v84 The ISO 20022 recipe - For whom? Potential users and developers  communities of users looking for interoperability and more cost-effective communications  Message development organisations: BIAN, CBI Consortium, FPL, FpML, IFX Forum, TWIST, SWIFT, OAGi, ACORD, XBRL, EPASOrg, Berlin Group, ANBIMA, ASF, etc.  Market Infrastructures (MIs): DTCC, FED, China UnionPay, EBA, Target, CLS, Euroclear, Clearstream, Omgeo, T2S, NBB, China Foreign Exchange Trade System etc.  International or national standards setters: ISITC, ISO WGs, UN/CEFACT, EPC, BIAN, UK Payments Council, FFI, The Danish Bankers Association, etc. There are also catalysts for interoperability and convergence, such as SEPA, T2S, Giovannini, MiFID, e-Invoicing

6. Slide 6 ISO_20022_SV_v84 ISO 20022 The registration bodies  Registration Management Group - RMG (Overall governance) –60 senior managers from 20 countries and 9 international organisations  Standards Evaluation Groups – SEGs (User representatives) –Securities (54 experts, 15 countries, 7 organisations) –Payments (62 experts, 17 countries, 5 organisations) –Cards and related retail financial services (30 experts, 14 countries, 3 organisations) –Trade Services (29 experts, 13 countries, 1 organisation) –Forex (25 experts, 9 countries, 3 organisations)  Technical Support Group – TSG (ISO 20022 technical advisors) –27 experts from 11 countries and 5 international organisations  Registration Authority – RA (Maintaining ISO 20022 repository)

7. Slide 7 ISO_20022_SV_v84 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 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 www.iso20022.org Candidate ISO 20022 messages ISO 20022 messages

8. Slide 8 Users CRs Users introduce Change Requests to the RA Submitting organisation Submitting organisation prepares ‘Maintenance Change Request’ with each CR implementation SEG SEG screens Change Requests (CRs) SEG SEG approval/rejection Submitting organisation & RA Development of new versions SEG Validation of new versions RA Registration and publication Repository Dictionary Catalogue By June 1 By July 7 By August 21 By October 1 By December 1 By February 1 April-May Timing ISO 20022 registration process Yearly maintenance process First implementers Submitting organisation & users ISO_20022_SV_v84

9. Slide 9 ISO_20022_SV_v84 The ISO 20022 recipe is used! (1/11) Payments Debtor Debtor’s bank Creditor’s bank ISO 20022 Creditor Cash Management Credit Transfers / Direct Debits / Mandates Exceptions & Investigations Credit Transfer Initiation Exceptions & Investigations Direct Debit Initiation Candidate ISO 20022 (in development) Advice & Statement Exceptions & Investigations Account Reporting Request Notification to Receive Change/Verify Account Identification Mandates Creditor Payment Activation Request Bank Account Management Stand-Alone Remittance Advice Change/Verify Account Identification Creditor Payment Activation Request Bank Services Billing Account Switching Authorities Financial Investigations Stand-Alone Remittance Advice

10. Slide 10  64 ISO 20022 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 –Stand-alone remittance advice messages  Candidate ISO 20022 messages under evaluation –None  Candidate ISO 20022 messages approved for development: –Cash management –Real time payments –Account switching  New development proposals: –Mandate Status List –Financial Institution Direct Debit The ISO 20022 recipe is used! (2/11) Payments message portfolio is growing! ISO_20022_SV_v84

11. Slide 11 The ISO 20022 recipe is used! (3/11) Card message portfolio is growing Acceptor Acquirer Issuer ISO 20022 Authorisation (ATICA) POI transaction authorisation (CAPE) Candidate ISO 20022 (in development) POI Terminal Management (CAPE) Sale Management (CAPE) ISO_20022_SV_v84 ATMI transaction authorisation ATM terminal Management

12. Slide 12  21 ISO 20022 messages approved: –Card payments exchanges (CAPE) – Acceptor to Acquirer and Terminal Management  Candidate ISO 20022 messages approved for development: –ATM interface for transaction processing and ATM management –Acquirer to issuer card messages (ATICA) –Card Payments Exchanges (CAPE) - Sale-to-POI management –Dispute Resolution in Cards Fee Collection  New development proposal: –None The ISO 20022 recipe is used! (4/11) Cards and related retail financial services ISO_20022_SV_v84

13. Slide 13 ISO_20022_SV_v84 The ISO 20022 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 15022 ISO 20022 Candidate ISO 20022 (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)

14. Slide 14 ISO_20022_SV_v84 Fund accountant Institutional investor Investment manager Transfer agent Fund Cash Forecast Report Price Report Account Management ISO 20022 Candidate ISO 20022 (in development) New plan manager Old plan manager PEP/ISA/Portfolio Transfers The ISO 20022 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

15. Slide 15  154 ISO 20022 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 20022 messages under evaluation: –CCP Clearing –Collateral management  Candidate ISO 20022 messages approved for development: –Alternative funds –TARGET2-Securities –Investment fund prospectus –SSI for Securities, Payments & FX –Transparency of holdings  New development proposal: –None The ISO 20022 recipe is used! (7/11) Securities message portfolio is growing! ISO_20022_SV_v84

16. Slide 16 ISO_20022_SV_v84 The ISO 20022 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

17. Slide 17 ISO_20022_SV_v84  15 ISO 20022 messages approved and published: –Forex notifications  Candidate ISO 20022 messages under evaluation: –none  Candidate ISO 20022 messages approved for development: –Post Trade FX messages –FX Post-Trade Trade Confirmation, FX Post-Trade Trade Capture  New development proposals –None The ISO 20022 recipe is used! (9/11) FX message portfolio is growing!

18. Slide 18 ISO_20022_SV_v84 Seller’s bank Buyer’s bank TSU Trade Services Management Trade Services Management Candidate ISO 20022 (in development) ISO 20022 Buyer Seller Financial Invoice Invoice Financing Request The ISO 20022 recipe is used! (10/11) Trade Services Financial Invoice Factoring Services Tax Authority Invoice Tax Report

19. Slide 19 ISO_20022_SV_v84  74 ISO 20022 messages approved: –Invoice financing request –Trade services management –Financial invoice –Demand guarantees and standby letters of credit  Candidate ISO 20022 messages under evaluation: –None  Candidate ISO 20022 messages approved for development: –Factoring services –Invoice Tax Report  New development proposals: –None The ISO 20022 recipe is used! (11/11) Trade message portfolio is growing!

20. Slide 20 ISO_20022_SV_v84 From 26 April 2013 to 26 October 2013, www.iso20022.org had 229,204 visits from 135,400 visitors from 175 countrieswww.iso20022.org Who is interested by ISO 20022? 26 Apr 13 – 25 Oct 13 Continent Number of Visits % Europe 160,15370.8% Asia 30,93913.7% Americas 28,56512.7% Oceania 3,5201.6% Africa 2,8971.3% CountryVisits% 1France30,28713% 2Germany28,08912% 3United States20,6949% 4United Kingdom19,5049% 5Netherlands11,7195% 6India11,4695% 7Spain10,2304% 8Belgium9,3974% 9Italy8,4184% 10Switzerland5,9533% 11Japan4,5032% 12Sweden4,0642% 13Singapore3,4692% 14Australia3,1831% 15Austria2,9701% 16Canada2,5971% 17Brazil2,5621% 18Ireland2,3791% 19Poland2,3391% 20Finland2,2961% 21Portugal2,2251% 22Denmark2,2021% 23Russia2,1021% 24Norway1,9131% 194,56485%

21. Slide 21 ISO_20022_SV_v84 & & uestions A nswers iso20022ra@iso20022.org www.iso20022.org