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Ravishankar Group EVP & Country Head Cash Management & Direct Banking

STP in Financial Supply Chain: Emerging Standards, Technologies & Practices IBA & FINSIGHT Payments Summit 2009. Ravishankar Group EVP & Country Head Cash Management & Direct Banking. Raw Materials. Cash & Bank Balances. Account Receivables. Financial Supply Chain Management.

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Ravishankar Group EVP & Country Head Cash Management & Direct Banking

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  1. STP in Financial Supply Chain: Emerging Standards, Technologies & Practices IBA & FINSIGHT Payments Summit 2009 Ravishankar Group EVP & Country Head Cash Management & Direct Banking

  2. Raw Materials Cash & Bank Balances Account Receivables Financial Supply Chain Management RTGS Transfers Export Finance Demand Drafts FX Remittances Finished Goods Letters of Credit FX Trading and Risk solution MIS Faster, Accurate, Standard Sales E- Collect Import Financing Debit/Credit/Cards / Electronic/Mobile Payments Liquidity Services Physical Collections Investment Management Strictly Confidential

  3. Supply Chain Management Challenges Strictly Confidential

  4. Supply Chain Management Solutions Strictly Confidential

  5. Banks may use different formats Bank 1 IFX Format Proprietary Format Bank 2 Customer A SWIFT MT 101 Bank 3

  6. …And so will Customers IFX Format Customer A Bank 1 Proprietary Format Customer B SWIFT MT 101 Customer C

  7. ISO20022 – A unified global standard • UNIFI - ISO20022 • Global Industry standard • Inter-operability between FI’s, Governments, Corporates, Intermediaries etc. • Being adopted and supported by banks and financial application providers all over the world – SEPA, SWIFT, JP Morgan, SAP, Oracle, ISTH, Euro clear, etc. • Will enable clients to integrate core treasury, payable and receivable applications with buyers, suppliers and banking partners Advantages in Payments for clients: • Improved STP • Standardized access to the Global Payments Landscape. • Enhanced Information Capture= Better Reconciliation • Better Intra-day payment information management = enabling improved cash positioning and reconciliation

  8. ISO 20022 – What does it cover? PAYMENTS – Credit Transfers, Cheques, Direct Debits Services: Payment Initiation, Clearing and Settlement, Cash management between parties CARDS – Debit cards, prepaid cards, charge cards and Credit cards Services: ATM processing, transactions and messages between acquirers, merchants & customers TRADE SERVICES – Collections, LC, Guarantees, Documentary Credit Services Covered – Open Account Trading, Reconciliation, Remittances, e-Invoicing, pre/post shipment financing SECURITIES – Equities, Fixed income, Funds, Derivatives Services: Issuance, Pre-trade, Initiation, Post-trade, Clearing and Settlement, Custody, Collateral management, account management FOREX – Spots, Swaps, Forwards, Currency Options Services: Pre-trade, trade, post-trade instructions and notifications, trigger events, third party notifications, clearing and settlement

  9. Convergence tables for single format TWIST Proprietary OAGi ISO 20022 Core Payment Kernel SWIFT MT IFX

  10. ISO 20022 – Integrates Communication Core Payment Kernel IFX MT 101 ISO 20022 MT 101 Core Payment Kernel IFX

  11. Economic Downturn- An Opportunity to Learn • International partnerships • Federal Reserve Bank – Equens tie-up for US -Eur • SEPA • Standardized Formats • SWIFT, MULTICASH, EDI, BAI-2 • ERP Integrations • Zero authorization • STP capability • Cross Border/Intra country Retail Payment Platforms • Faster settlement systems • RTGS, NEFT, NECS, CTS • Shared Service Models • Consolidation of Cash Management Systems / Banks • Cash Pooling • Consolidation of Bank accounts across countries and banks • Host to Host Integration • Multiple systems within group companies • Accounting systems to Bank systems Corporates Banks

  12. North America West Europe, Japan, HK, SGP, Aus APAC, East/central Europe, Africa Adoption Trends • India Leapfrog • RTGS • NEFT • Stock Exchange Settlements • India Laggard • B2B exchanges • B2C/P2P - Electronic/ Payments • Card based Payments • INDIA FUTURE : • ISO 20022 Web-enabled, Universal payment channel Multi-bank access through single, standard open channel Direct EDI enabled channel/Proprietary Networks Low Integration/Automation Capability High Integration/Automation Capability

  13. Govt & Large Business B2B,B2C,B2G,B2E RTGS Online Single Sign-On Multi Factor and Biometrics Multi Security B2B,B2C,B2G,B2E Mid size Business Multi Factor P2P, P2B,G2P,B2P Individuals & Small Business Two Factor Cards E-commerce M-commerce E-commerce M-commerce Supply Chain E-commerce Supply Chain Online Exchanges

  14. THANK YOU

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