August edition

SWIFT gpi newsflash

Exclusively for gpi
Application Providers

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Services and initiatives dashboard
Services Status
Services for financial institutions
Customer credit transfers LIVE
Cover payments LIVE
LIVE (Use case 1)
Instant payments
PILOT (Use case 2)
LIVE (service v1 – Tracking only)
Financial institution transfers
PILOT (service v2 with SLA/Rulebook)
Services for corporates
Pay and trace LIVE
Inbound tracking CONTROLLED LIVE
Corporate-to-bank APIs IN DESIGN
Services to reduce friction
Stop and recall LIVE
CONTROLLED LIVE (Beneficiary account
verification)
Pre-validation
IN DEVELOPMENT (Payment validation)
IN DEVELOPMENT (Fee prediction)
Case resolution LIVE
Universal Confirmations program
Basic Tracker LIVE
Batch confirmations LIVE
gpi and ISO 20022 program COMMUNITY VALIDATION ONGOING

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Universal gpi adoption

New joiners

4,126 financial institutions have now signed up to SWIFT gpi.

New joiners since our last newsflash include Amana Bank, Bank of Bhutan
Banque Misr, Community Bank of Bangladesh, DFCU Bank Limited, Jeju Bank,
Linshang Bank, Mizrahi Tefahot Bank, Sampath Bank, Social Islami Bank.

To see the full list of gpi members, check out our member section on swift.com/gpi.

Live services - Facts and figures

More than 1,040 gpi members are live today with gpi customer credit transfers,
covering 150 of the world’s 180 currencies. Every day more than one million cross-
border payments, worth some $300 bn across 2,195+ country corridors are sent over
gpi.

Since our last Newsletter in July the following gpi members have gone live:
Banco G and T Continental, Bank of Yingkou, Guangdong Nanhai Rural
Commercial, Pacific Coast Bankers’ Bank, The Tajima Bank, Zhejian Tailong
Commercial Bank.

710+ gpi members are now actively using our gpi cover payments service
resulting in 72% of all SWIFT cover payments sent as gpi on a daily basis.

With respect to the gpi stop and recall service, over 180 gpi members are
successfully sending stop and recall requests to the Tracker.

Universal confirmations – The countdown starts in September

The countdown to implement Universal Confirmations has begun, with the deadline
to meet the requirement now less than four months away.

From September, your clients will start to be measured on their Universal

Confirmations compliance. This means that if they are confirming less than 80% of
the MT 103s they receive within two business days for a period of 12 weeks
(including if they’ve been credited, rejected, or transferred to an agent outside of
SWIFT), their Universal Confirmations score will become red and they will lose
access to the tracking features of the Basic Tracker (see Universal Confirmations
Frequently Asked Questions for more information).

Remember, your clients Universal Confirmations score will also become visible to
the entire SWIFT community from June 2021. All you need to know to prepare your
clients for the 22 November 2020 deadline is explained in our webinars, where our
product experts will share more on the Basic Tracker, explain in further detail how

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the measurement system will work, and of course dive into the four easy ways to
automate payment confirmations.

We’ve also revamped the content on our Universal Confirmations section on

swift.com/confirm, with FAQs and other resources, including a new animated video
explaining more about the Basic Tracker.

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Portfolio evolution

Case resolution – Live community continues to grow

As mentioned in the last newsletter, gpi case resolution is now live and gpi members
can register to the service here.

We are also pleased to welcome the newest joiners to the early adopters group: ING
Bank, Zürcher Kantonalbank, IFX payments, Westpac and 7 Japanese Banks
bringing the total number of participants to 76 Banks and 6 providers. The full list of
gpi member participants is shown here:

AlfaBank Industrial and Commercial Bank of

Australia and New Zealand Banking China
Group Intesa SanPaolo
Bank of America ING
Bank of China IFX Payments
Bank of New York Mellon National Australia Bank
Barclays Sumitomo Mitsui Banking Corporation
BNP Paribas Société Générale
Bank of New Zealand Standard Chartered Bank
China Minsheng Bank VTB Bank
Citi Wells Fargo
Deutsche bank Westpac
Gazprombank Zürcher Kantonalbank
Goldman Sachs Japanese community (representing 60
HSBC financial institutions)

Instant payments - New messaging guidelines available for use by

domestic instant payments infrastructures

SWIFT brought 15 institutions together from across the globe to collaborate as part
of the Instant Payments Plus (IP+) working group which has developed global ISO
20022 market practice and implementation guidelines for clearing and settling cross
border payments over instant payment systems.

The working group took into account existing usage guidelines “High Value
Payments Systems Plus” (HVPS+) and “Cross-Border Payments and Reporting
Plus” (CBPR+) to ensure seamless integration and interoperability.

Each of the market infrastructures involved in the working group intends to adopt
these guidelines, which will bring the industry a step closer towards making
ubiquitous, instant cross-border payments a reality.

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This will ensure the success of the gpi instant payments service which is based on
offering gpi tracking for cross border payments cleared over instant market
infrastructures.

These IP+ message usage guidelines are now available to download through
MyStandards, regardless of SWIFT connectivity.

Inbound Tracking – Available to all gpi members in October

The inbound tracking service is rolling out as planned. To date, most pilot
participants are using the service in controlled live and are benefiting from improved
efficiency in their treasury, collections and supply chain processes, by having
visibility on incoming payments. They have end-to-end visibility from the moment the
transaction is initiated by the counterparty up to the moment the funds are credited
on their accounts. Opening the early adopter phase in April allowed more
participants to join, with nearly 50 participants now signed up to the service.

We’re now working on making the capability available to all gpi members by October
2020, meaning that your clients will have standardised and consistent information on
their receivables to share with their customers. For more information on how you can
sign up and benefit from the inbound tracking service, do not hesitate to reach out to
your SWIFT account manager or gpi expert.

Key Operational News

Batch Confirmations – CSV files available

The Batch Confirmations via CSV files is now available with Alliance Access 7.4.50
and 7.5 in the SWIFT download centre. The CSV format is designed as an easy way
to implement a solution for non-gpi BICs and gpi BICs, covering the requirements of
both the Universal Confirmations rulebook and the gpi customer credit transfer
rulebook.

To better understand what changes are required to implement CSV confirmations,

check out the CSV format specification and CSV Batch Confirmations workflow.

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 Application provider engagement and
communications
With the Universal Confirmation self-attestation program, SWIFT is making public on
swift.com the payment application providers who are committed to making the
Universal Confirmations community mandate in 2020 a success.

So far, 22 applications have shared their commitment, and information can be

accessed here.

Further details can also be found along with the self-attestation template here.

If you as an application provider committed to support universal payment

confirmations as per the requirements, feel free to send an email to
swiftforproviders@swift.com.

Can you add the 2 additional logos?

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