1. Slide 1 UNIFI_(ISO_20022)_SV_v8 UNIFI (ISO 20022) The success of ISO 20022 – UNIversal Financial Industry message scheme UNIFI (ISO 20022)

2. Slide 2 UNIFI_(ISO_20022)_SV_v8 UNIFI (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 UNIFI_(ISO_20022)_SV_v8 ISO 15022 MDDL TWIST FIX FpML IFX Why UNIFI (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 UNIFI_(ISO_20022)_SV_v8 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 UNIFI (ISO 20022)? Convergence in the cooperative space

5. Slide 5 UNIFI_(ISO_20022)_SV_v8 UNIFI (ISO 20022) recipe - For whom? Potential users and developers  communities of users looking for interoperability and more cost-effective communications  Message development organisations: MDDL, FIX, FinXML, VRXML, RIXML, FpML, IFX, TWIST, SWIFT, RosettaNet, OAGi, ACORD, ISTH, XBRL, CIDX, etc.  Market Infrastructures (MIs): DTCC, FED, EBA, Target, CLS, Euroclear, Omgeo, etc.  International or national standards setters: ACBI, ISITC, ISO TC68 WGs, UN/CEFACT TBG5, OMG, EPC, etc. There are also catalysts for interoperability and convergence, such as SEPA, Giovannini, MiFID, e-Invoicing

6. Slide 6 UNIFI_(ISO_20022)_SV_v8 UNIFI (ISO 20022) The registration bodies  Registration Management Group - RMG (Overall governance) –50 senior managers from 18 countries and 9 international standards organisations  Standards Evaluation Groups – SEGs (User representatives) –Payments (39 experts,13 countries, 5 organisations) –Securities (54 experts, 16 countries, 7 organisations) –Forex (26 experts, 11 countries, 3 organisations) –Trade (23 experts, 12 countries, 2 organisations)  Registration Authority – RA (Maintaining UNIFI repository)

7. Slide 7 UNIFI_(ISO_20022)_SV_v8 UNIFI (ISO 20022) The registration process Submitter Financial industry group or standards body Business justification Business justification RMG Project approval & allocation to a SEG SEG Endorsement of scope and developers Submitter & 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 UNIFI messages UNIFI messages

8. Slide 8 UNIFI_(ISO_20022)_SV_v8 The UNIFI recipe is used! (1/9) Payments Debtor Debtor’s financial institution Creditor’s financial institution UNIFI Creditor Cash Management Direct Debits / Credit Transfers Exceptions & Investigations Credit Transfer Initiation Exceptions & Investigations Direct Debit Initiation Candidate UNIFI (in development) Advice & Statement Exceptions & Investigations Cash Management Change/Verify Account Identification

9. Slide 9 UNIFI_(ISO_20022)_SV_v8  29 UNIFI messages approved and published: –Customer payment initiation –Interbank payment clearing and settlement –Payments exceptions & investigations –Bank-to-customer cash management  Candidate UNIFI messages under evaluation: –none  Candidate UNIFI messages approved for development: –Cash management –Change/verify account identification  New development proposals: –E-Mandates –Creditor payment activation request The UNIFI recipe is used! (2/9) Payments message portfolio is growing!

10. Slide 10 UNIFI_(ISO_20022)_SV_v8 The UNIFI recipe is used! (3/9) Securities - equities and fixed income Custodian Pre-trade / Trade (FIX/SWIFT) I/CSD Settlement & reconciliation (SWIFT) Seller Clearing agent Buyer ISO 15022 UNIFI Candidate UNIFI (in development) Issuers’ Agent Issuers’ agent communication (Euroclear) Trade / Post-Trade (Omgeo) Registrar Registration communication (Euroclear) Corporate Actions Proxy Voting (SWIFT) Reconciliation TPV Statement (SWIFT/ISITC) Pre- Settlement (SWIFT) Reconciliation (SWIFT) Corporate Actions (SWIFT) Pre- Settlement (SWIFT) Corporate Actions (SWIFT) Settlement & reconciliation (SWIFT) Market Claims (Euroclear) Regulators Transaction regulatory reporting (SWIFT)

11. Slide 11 UNIFI_(ISO_20022)_SV_v8 Fund accountant Institutional investor Investment manager Transfer agent Fund cash forecast report Price report Account management UNIFI Candidate UNIFI (in development) New plan manager Old plan manager PEP/ISA/Portfolio transfers The UNIFI recipe is used! (4/9) Securities - investment funds (CIV) Order & confirmation & status Transfer & confirmation & status Statements FPP report provider, e.g. Fund manager FPP report user, e.g. Fund distributor Request for fund report FPP report

12. Slide 12 UNIFI_(ISO_20022)_SV_v8  79 UNIFI messages approved and published: –Investment funds distribution –Securities transaction regulatory reporting –Proxy voting  Candidate UNIFI messages under evaluation: –Securities pre-trade/trade  Candidate UNIFI messages approved for development: –Issuers’ agents communication –Total portfolio valuation statement –Securities post-trade –Securities registration and holder identification –Securities market claims and automatic transformation –Securities settlement and reconciliation –Securities corporate actions –Securities Issuance –Fund processing passport report –Triparty collateral management  New development proposals: –none The UNIFI recipe is used! (5/9) Securities message portfolio is growing!

13. Slide 13 UNIFI_(ISO_20022)_SV_v8 The UNIFI recipe is used! (6/9) 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) UNIFI

14. Slide 14 UNIFI_(ISO_20022)_SV_v8  15 UNIFI messages approved and published: –Forex notifications  Candidate UNIFI messages under evaluation: –none  Candidate UNIFI messages approved for development: –none  New development proposals: –none The UNIFI recipe is used! (7/9) FX message portfolio is growing!

15. Slide 15 UNIFI_(ISO_20022)_SV_v8 Seller’s bank Buyer’s bank TSU TSU messages Candidate UNIFI UNIFI Buyer Seller e-Invoice Invoice financing request EBPP The UNIFI recipe is used! (8/9) Trade Services e-Invoice

16. Slide 16 UNIFI_(ISO_20022)_SV_v8  53 UNIFI messages approved and published: –Invoice financing request –Trade services management  Candidate UNIFI messages under evaluation: –none  Candidate UNIFI messages approved for development: –E-invoice  New development proposals: –none The UNIFI recipe is used! (9/9) Trade message portfolio is growing!

17. Slide 17 UNIFI_(ISO_20022)_SV_v8 & & uestions A nswers iso20022ra@iso20022.org www.iso20022.org