1

Enabling SWIFT for Domestic Messaging Ashish Wadghane Head of Technology, India & Sub-continent, SWIFT

2 Enabling SWIFT Domestic Messaging, Public

Pioneering the next wave of transformation in India

Banking | Trade Finance | Treasury | Securities | Corporates

SWIFT India

connectivity

EU Zone + TA Zone

SWIFT

Global OPC

IN Zone

Domestic SWIFT

India OPC

SWIFT Infrastructure

@Customer end in India

VPN

BOX

Alliance

Gateway

HSM

IPLA

SWIFTNet

Link

BANKINBB BANKINBI

+

Business

package

Alliance

Access

Local OPC for India

Re-usable SWIFT components

Enabling SWIFT Domestic Messaging, Public 3

Market Segments

and Flows

4 Enabling SWIFT Domestic Messaging, Public

• Market Infrastructure based – RBI - NGRTGS

– NPCI - NACH

• Many to Many – Corporates

• Payment Initiation

• Cash Management

• Trade Finance

• Treasury

– Interbank

• Payment Notifications

• Trade Finance

• Treasury

RBI NG-RTGS

Scenario with both banks

on SWIFT India

RBI

NG-RTGS (Montran) CBS

(E-Kuber)

Payer Bank CBS or

Middleware

Payee Bank CBS or

Middleware

SWIFT Gateway

SWIFT Gateway

SWIFT Gateway

SWIFT India

Messaging Hub

Legends

pacs.008 / pacs.009

admi.004

camt.054 / pacs.002

pacs.008 / pacs.009

Enabling SWIFT Domestic Messaging, Public 5

RBI NG-RTGS

Scenario with one bank on

SWIFT India

RBI

NG-RTGS (Montran) CBS

(E-Kuber)

Payer Bank CBS or

Middleware

Payee Bank CBS or

Middleware

SWIFT Gateway

SWIFT Gateway

SWIFT India

Messaging Hub

Legends

pacs.008 / pacs.009

admi.004

camt.054 / pacs.002

pacs.008 / pacs.009

SFMS MI RBI

Gateway

SFMS MI

Gateways

INFINET

IDRBT

Messaging Hub

Interoperability

Enabling SWIFT Domestic Messaging, Public 6

Corporate to Bank

• Domestic Payments

• Cash Management Corporate

ERP or

Back office

Bank CBS or

Middleware

SWIFT Gateway

SWIFT Gateway

SWIFT India

Messaging Hub

Legends

Payment Initiation

Status Reporting

Statements

Enabling SWIFT Domestic Messaging, Public 7

Corporate to Bank

• Trade Finance

• Treasury Corporate

ERP or

Back office

Bank CBS or

Middleware

SWIFT Gateway

SWIFT Gateway

SWIFT India

Messaging Hub

Legends

MT798 / MT3xx

MT798 / MT3xx

Enabling SWIFT Domestic Messaging, Public 8

Interbank

• Cash Management

• Trade Finance

• Treasury Bank A ERP or

Back office

Bank B CBS or

Middleware

SWIFT Gateway

SWIFT Gateway

SWIFT India

Messaging Hub

Legends

Notifications / MT798 / MT3xx

Notifications / MT798 / MT3xx

Enabling SWIFT Domestic Messaging, Public 9

What is Live

Today

SWIFT India has formed

Solution Working Group

with banks, corporates,

regulators. MI and

Industry associations

- Payment and Cash

Management

- Treasury

- Trade Finance

- Securities

Payment Market Infrastructure

Interbank

Corporate to Bank

• NG RTGS

• Trade Finance • Treasury

• Payments & Cash mgmt • Trade Finance • Treasury

High value credit instructions

Letter of Credit Bank Guarantee Documentary Collection Invoice financing

Supply Chain Financing FX confirmation FX Options Fixed and Floating Rate

loan and Deposits Call/Notice

Letter of Credit Bank Guarantee Documentary Collection Invoice financing

Supply Chain Financing FX confirmation FX Options Fixed and Floating Rate

loan and Deposits Call/Notice

Live

Enabling SWIFT Domestic Messaging, Public 10

What is coming

SWIFT India has formed

Solution Working Group

with banks, corporates,

regulators. MI and

Industry associations

- Payment and Cash

Management

- Treasury

- Trade Finance

- Securities

Payment Market Infrastructure

Interbank

Corporate to Bank

• NG RTGS • NACH • NG-NEFT

• Trade Finance • Treasury

• Payments & Cash mgmt • Trade Finance • Treasury

High value credit instructions Direct Debit Mandate and Account Management Low value credit & debit instructions Standing Instruction and Tax payment

Letter of Credit Bank Guarantee Documentary Collection Invoice financing Currency Swaps

Supply Chain Financing FX confirmation FX Options Fixed and Floating Rate loan and

Deposits Call/Notice

Letter of Credit Bank Guarantee Documentary Collection Invoice financing

Supply Chain Financing FX confirmation FX Options Fixed and Floating Rate loan and

Deposits Call/Notice

Live In progress

Securities • Stock Exchanges • Depositories • Cental Counterparties • Brokers / Dealers • Asset Managers

Post Trade Confirmation Securities Settlement MF Subscription IPO/FPO

Enabling SWIFT Domestic Messaging, Public 11

Thank you