1. European Trend for CSMs – what does this mean for SENT? Judit Baracs, Senior Account Director Payments Markets CEE 9 June 2011, Bucharest

2. VocaLink (GB) KIR (PL) Dias (GR) SIA-SSB (IT) RPS (IE) Iberpay (ES) Bankserv (ZA) Equens (NL) EBA (EU) ICCREA (IT) FINA (HR) ACH (UG) Borica-Bankservice (BG) Equens (IT) BGC (SE) Eurogiro (EU) CSA (AT) RPS (DE) BECS (AU) LVP System (NZ) ACH (CO) Low value payment systems on SWIFT ACH (TZ) 2 Nets (NO+DK) More than 7 billion transactions on SWIFT already

3. Global market reach Thousands banks 600+ corporates 19+ Retail payments systems (e.g.: ACHs) 60+ high value payment systems (e.g. : Target2) Closed business community Single security and file transfer Non-repudiation (proof of sender) Reliability and availability (99.999% uptime) Cost efficiencies Supports both proprietary or standard format Same infrastructure for all currencies Credit transfer, direct debit, cheque Flexible exchange method to cope with each local clearing community requirement Interoperability and flexibility Benefits of using SWIFT

4. Compared to VPNs Predictability of costs (rebate based vs surcharge based for VPNs) Clearer TCO on SWIFT side – mutualisation of means, prices decreasing over time Any additional traffic has indirect impact on banks SWIFT tiering 24/7 availability Business and technical support included Security is a must and part of base offer – delivery and authentication options available SWIFT includes an insurance coverage SWIFT Premium service SWIFT allows connecting to exogenous systems (EACHA framework/EBA Step2) SWIFT allows connectivity to Settlement Systems (TARGET2) Minimizes footprint at the bank side (reuse of SWIFT infrastructure) and FTE spending for maintenance and monitoring Minimizes up-front set up and negotiations between parties Span of messaging services available Expansion and reuse Benefits of using SWIFT

5. 5 The Romanian banks’ vision A total solution for payment and settlement systems Correspondent banks ReGIS (HVP) SAFIR (Securities) TARGET2 (HVP) SENT (LVP) Regulatory Reporting … Benefit from SWIFT’s security, reliability, availability while reusing their existing infrastructure SWIFT + 1-2 other Networks (Card network,…) HVP: High Value PaymentsLVP: Low Value Payments

6. SENT pricing via SWIFTNet New price model common for all LVP MIs, the exact price level will be function of market conditions (LVP MI volumes, traffic patterns) The per transaction fee in SENT for payments in files (with or without images) is 0.0007 EUR/transaction –10,000 payments for 7 EUR –100,000 payments for 70 EUR –1 million payments for 700 EUR –10 million payments for 7,000 EUR Bulk payments, but with no need to count transactions, SWIFT will divide the file (size) by the set transaction size SENT CUG would be reverse billed, banks pay for files sent & received – TransFonD does not pay Increased security and reliability of file transfer Decreases the per message SWIFT infratsructure costs, a step further for higher global tier 6

7. Why move to the additional SENT SWIFT channel? Price = cost saving, lower TCO than proprietary network cost (when compared) Easy technical project –no change to normal files, you just change the directory where you send/receive the files (for the automation to pick up/send the files) –More secure and reliable network with financial guarantee for files Preparation for any file-based project (domestic or international) Preparation for the future: SEPA 7

8. 8 Conclusion Reliable, secure, global reach, cost effective solution Assist TransFonD in reducing costs and focus on value added offering Enable standardisation of the end-to-end domestic and international ACH transactions A partnership between TransFonD and SWIFT adds value to the Romanian banking community and to your bank

9. Contact details of Stephan Kraft, your country manager Stephan Kraft Senior Account Director SWIFT Austria GmbH Fischhof 3/6 1010 Vienna, Austria tel: +43 1 740 40 2374 mobile: +43 664 636 2090 email: stephan.kraft@swift.com 9

10. Thank you