Catherine Spencer & Nicolas SalomonACTSR– 11 June 2015

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Swift @ CERN

World’s largest laboratory for particle physics

International organization, run by 21 European member statesExtensive global collaboration10,000+ users of CERN data globally

Three Nobel Prizes: Rubbia (1984), van der Meer (1984), Charpak (1992)

Birthplace of the World Wide Web

CERN today – more active than ever:Discovery of the Higgs particleLHC upgraded to reach higher energy

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Swift @ CERN - TodaySwift connectivity implemented 3 years ago via a service bureau

All major banks connected Payments(SEPA/Swiss bank formats/MT101) Cash management ( MT940) Close to 10,000 messages (out) / month E-notification if payment/file rejected

Why? → One single channel Security (CERN is permanently under hack attacks) Automation Ease of use Reduction in bank fees (more flexibility as regards banks) Enhanced controls

Treasury

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Swift @ CERN - TodaySwift connectivity implemented 3 years ago via a service bureau

3 main banks connected Transactions, Payments & Cash balances Around 5,000 messages / month (MT1xx,MT3xx,MT5xx)

Why? → a STP solution to facilitate the Back Office processes Integration of an OMS Automation Ease of use Settlement support (FX, Equity, Bond)

Difficulties to implement the solution with the custodian

Pension Fund

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Swift @ CERN- TomorrowA one stop shop solution, using Alliance Lite (via ASP)

Integration of CERN Treasury, Health Insurance & Pensions

Pension Fund:

Establish a robust STP process between, OMS and Banks via Swift

Include transaction confirmation

Treasury:

Include treasury deals confirmation

Further automation

Integration of all messages into the treasury system