1. Slide 1 ISO_20022_SV_v111 ISO 20022 The success of ISO 20022 – Universal financial Industry message scheme

2. Slide 2 ISO_20022_SV_v111 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_v111 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_v111 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_v111 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. There are also catalysts for interoperability and convergence, such as SEPA, T2S, Giovannini, MiFID, MiFIR, EMIR, e-Invoicing

6. Slide 6 ISO_20022_SV_v111 ISO 20022 The registration bodies  Registration Management Group - RMG (Overall governance) –71 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 (52 experts, 8 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)

7. Slide 7 ISO_20022_SV_v111 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_v111

9. Slide 9 ISO_20022_SV_v111 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  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 The ISO 20022 recipe is used! (2/11) Payments message portfolio is growing! ISO_20022_SV_v111

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_v111 ATMI transaction authorisation ATM terminal Management

12. Slide 12  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) The ISO 20022 recipe is used! (4/11) Cards and related retail financial services ISO_20022_SV_v111

13. Slide 13 ISO_20022_SV_v111 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_v111 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 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 Transparency of Holdings

15. Slide 15  189 ISO 20022 messages approved and published: –Investment funds –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: –Investment funds - supplement The ISO 20022 recipe is used! (7/11) Securities message portfolio is growing! ISO_20022_SV_v111

16. Slide 16 ISO_20022_SV_v111 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 instruments Interest rate swaps Central Settlement System Status notifications and payment information FX Spot, Forward & Swap instructions NDF and FX Option instructions (archived) MTs FpML CUG (Trade Notifications) ISO 20022 Deriv- atives Candidate ISO 20022 (in development) Trade capture Trading system

17. Slide 17 ISO_20022_SV_v111  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 ─ None The ISO 20022 recipe is used! (9/11) FX message portfolio is growing!

18. Slide 18 ISO_20022_SV_v111 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_v111  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: –None The ISO 20022 recipe is used! (11/11) Trade message portfolio is growing!

20. Slide 20 ISO_20022_SV_v111 From 11 Oct 2014 to 11 Oct 2015, www.iso20022.org had 499,211 visits from 310,554 visitors from 206 countries www.iso20022.org Who is interested by ISO 20022? 11 Oct 14 – 11 Oct 15 Continent Number of visits % Europe291,23958.3% Asia91,93818.4% Americas89,26017.9% Oceania14,0622.8% Africa11,0742.2% Country/TerritorySessions% 1United States66,77213% 2United Kingdom47,1019% 3India38,0678% 4France32,7547% 5Germany29,9056% 6Switzerland21,8464% 7Spain18,1294% 8Italy16,1613% 9Belgium14,7983% 10Netherlands13,6553% 11Sweden13,3923% 12Australia12,7323% 13Singapore9,0102% 14Canada8,8982% 15Russia8,5322% 16Japan8,4152% 17Finland7,6542% 18Poland6,9931% 19Brazil6,9771% 20Norway6,5121% 21Denmark5,5871% 22Austria5,1601% 23South Africa5,0711% 24Hong Kong4,8691% 25Czech Republic4,1031% 26Lithuania3,7901% 27Portugal3,6401% 28China3,5751% 29Thailand3,3591% 85.64%

21. Slide 21 ISO_20022_SV_v111 & & uestions A nswers iso20022ra@iso20022.org www.iso20022.org