1. Damien Dugauquier SWIFT Commercial Director Corporates
Breaking The Paper Trail
Technology
Multibank platforms
Trade Instruments
BPO

2. Damien Dugauquier SWIFT Commercial Director Corporates
Breaking The Paper Trail
Technology
Multibank platforms

3. Bank Communication Today
Paper
Host2Host
Fax
Webservices
eBanking
Post
Courrier
Phone
Intranet
Other

4. Connectivity Standards Platforms
Technology Trends
Connectivity
Standards
Platforms
SWIFT for Corporates
MT798
Trade Finance System
One single, secure, automated channel to all banks
Standardized envelop for LC advice, application, guarantees, etc.
Multibank Trade Finance Softwares

5. MT798 flows
BCG working Paper, 2015: Embracing Digital in Trade Finance

6. Damien Dugauquier SWIFT Commercial Director Corporates
Breaking The Paper Trail
Trade Instruments
BPO

7. Development Foreign Trade (Exports) from 1978 until 2013
Open Account and LCs
Development Foreign Trade (Exports) from 1978 until 2013
Source: WTO, Berne Union, Factors Chain International (FCI)

8. Open Account and LCs MT 103: Single customer credit transfer
MT 700: Issue of a documentary credit

9. Risk spectrum and Trade Instruments
Seller
Buyer
Increased risk for the seller
Increased risk for the buyer
Seller
Terms of trade
Open Account
Collections
L/C
Guarantees
Advance Payment
BPO
Bank to bank
TSU
ISO20022
Collections
MT4xx
TSU
ISO20022
L/C
MT7xx
MT103
SWIFT Solution
B-to-C
ISO20022
Collections
FileAct
B-to-C
ISO20022
L/C
MT798
MT101
Corporate to bank

10. The Bank Payment Obligation (BPO)
A BPO is an irrevocable undertaking given by one bank to another bank that payment will be made on a specified date after a successful electronic matching of data according to an industry-wide set of rules.
New ICC Uniform Rules for BPO (URBPO)
Implementation date: July 2013 10

11. BPO in 4 corners model
Buyer
Seller
UR BPO Rules govern an irrevocable and conditional electronic inter-bank payment obligation
Purchase Orders
Transport docs
Certificates
Invoices
Provision of risk & financing services
Industry-wide BPO transaction matching
Legally binding rulebook owned by the ICC
TSU
BPO
Provision of risk & financing services

12. Benefits

13. BE DE IT TH CN AU HK JP TW TR
UAE OM SG MY KR SI
Recent BPO routes KW