simplifying standards

Simplifying standards –

Standards Release and major

market initiatives

Marc Delbaere

Veerle De Becker

SWIFT Operations Forum – Europe

www.swift.com/services www.swift.com/mystandards

Base Standards:MT/MX/ISO 20022

Market practices

Implementation guidelines

The source of complexity

2

ormal

ccessible

onsistent

argeted

C

F

A

T

Releases

Variants

MyStandards

A collaborative

web platform

… to better

manage standards and

onboard your community

FeaturesContentReadiness

Portal

3

Not just a repository of specifications

4

Standards

Release

Consumers

« Getting standards-related issues out of the way »

Multi-format documentation

Self-service Internet testing

Shared view of readiness

« A consistent industry approach »

Industry

Initiatives

Commercial

Guidelines

MyStandards continues to grow

Financial

Institutions

Market

Infrastructures

Market

Practice

Groups

5

Managing the Standards Release

Understand Specify Implement Roll-out

Collaborate

…and major market initiatives

7

Now

2015

2015 - 2017

> 2017

CPA

SADC

PASA

[EFT]

ISO 20022 impact

MyStandards New BOJ-Net

NPP

Reserve

Bank of

Australia

FFI

HVP SecuritiesPaymentsLVP

LVP &

HVP

VP

Lux

IPFA

Corporate-

to-bank

VP

Securities

FX

2015 - 2017

Baltic

CSDs

NSD

Russia

Brunei

TSE &

Jasdec

Step2

Euro1

A bank’s perspective

HKMA

Understand

What are the changes and

how am I impacted?

Clear description of technical changes

Link to business driver (change requests)

Impact analysis on existing systems

Understand

Standards Release Impact Assessment Package

11

Where should I focus my analysis?

How is my organisation impacted?

What are the business benefits?

What are the details of the changes?

Standards Release Impact Assessment Package

12

Tailored report based on your traffic

Changes heat map

Standards Release questionnaire

MyStandards short-term licence

Standards Release Impact Assessment -

Extract from the report

13

Traffic analysis and Statistics

Graph showing the number of Change Requests for the MT category where you

send/receive high volumes

Traffic analysis and Statistics

Graph showing the impact level by Change Request

for a specific business area (e.g. Settlement and

Reconciliation)

Come and take a look

at a dummy report at

the end of the session!

Standards Release Impact Assessment -

Extract from the Changes heat map

14

Changes Heat map

Excel file including all the change requests, the benefits/consequences and the level of impact

Standards Release Impact Assessment Package

15

Saves you precious time

Supports your internal process

Requires only a small investment

Your trusted guide from beginning to end

of the Standards Release process

Standards Release Impact Assessment Package

16

Q&A with Standards

expert

Detailed impact

assessment

Business flows review

Schemas creation

Functional specifications

Integration services

Specify

Remain formal throughout

Formal specifications

Excel exports

Assistance to version migration

Specify

Specify

SR 2014

Standards Usage

Document

usage

formally

SR 2015Impact

analysis

Standards Usage

Migration

20

Implement

Exploiting the machine-

readable specifications

Simple propagation of information

Everything is machine-readable

Everything is testable (Readiness Portal)

Implement

Roll-out

For internal and external

customers

Customer documentation as by-product

Available at specification time

Customers can check conformance

and readiness on-line

Roll-out

MyStandards

Readiness Portal: Monitor process (dashboards)

Publish

specificationsTest against

specifications

Comparison, Dedicated access

ConsistencyMT/MX

ISO 20022multi-format

documentation

validation service

Managing the Standards Release

Understand Specify Implement Roll-out

Collaborate

…and major market initiatives