Damien Dugauquier SWIFT Commercial Director Corporates Breaking The
Damien Dugauquier SWIFT Commercial Director Corporates Breaking The Paper Trail Technology Trade Instruments Multibank platforms BPO
Damien Dugauquier SWIFT Commercial Director Corporates Breaking The Paper Trail Technology Multibank platforms
Bank Communication Today Paper Host 2 Host Fax Webservices e. Banking Post Courrier Phone Email Intranet Other
Technology Trends Connectivity Standards Platforms SWIFT for Corporates MT 798 Trade Finance System One single, secure, automated channel to all banks Standardized envelop for LC advice, application, guarantees, etc. Multibank Trade Finance Softwares
MT 798 flows BCG working Paper, 2015: Embracing Digital in Trade Finance
Damien Dugauquier SWIFT Commercial Director Corporates Breaking The Paper Trail Trade Instruments BPO
Open Account and LCs Development Foreign Trade (Exports) from 1978 until 2013 Source: WTO, Berne Union, Factors Chain International (FCI)
Open Account and LCs MT 103: Single customer credit transfer MT 700: Issue of a documentary credit
Risk spectrum and Trade Instruments Seller Increased risk for the buyer Increased risk for the seller Seller Terms of trade SWIFT Solution Buyer Open Account Collections BPO TSU ISO 20022 Collections MT 4 xx TSU ISO 20022 L/C MT 7 xx MT 103 B-to-C ISO 20022 Collections File. Act B-to-C ISO 20022 L/C MT 798 MT 101 L/C Guarantees Advance Payment Bank to bank Corporate to bank
The Bank Payment Obligation (BPO) A BPO is an irrevocable undertaking given by one bank to another bank that payment will be made on a specified date after a successful electronic matching of data according to an industry-wide set of rules. New ICC Uniform Rules for BPO (URBPO) Implementation date: July 2013
BPO in 4 corners model § § Purchase Orders Transport docs Certificates Invoices BPO UR BPO Rules govern an irrevocable and conditional electronic inter-bank payment obligation Buyer Seller Provision of risk & financing services TSU § Industry-wide BPO transaction matching § Legally binding rulebook owned by the ICC
Benefits
Recent BPO routes BE DE SI IT TR KR CN UAE OM HK TH JP TW KW MY SG AU
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