The Bank Of New York Mellon Corporation · NYSE:BNY

The Bank Of New York Mellon — Investor Presentation (September 2020)

22 slides from The Bank Of New York Mellon's investor presentation, September 2020

  1. Slide 1: Demystifying ISO 20022

    DEMYSTIFYING ISO 20022 September 2020 Isabelle Bouille Product Management BNY Treasury Services Information Classification: PUBLIC

  2. Slide 2: Agenda

    DEMYSTIFYING ISO 20022 AGENDA 1. General 1.1 ISO 20022 Messages Development (Recap from Introduction Session) 1.2 ISO 20022 Catalogue of Messages 1.3 ISO 20022 Message Naming, Variants and Versions 1.4 FIN MT and ISO 20022 Equivalents 2. ISO 20022 2.1 New Terminology 2.2 ISO 20022 Message Structure

  3. Slide 3: 1.1 ISO 20022 Messages Development

    DEMYSTIFYING ISO 20022 1.1 ISO 20022 Messages Development 1 Business Model 2 Logical Messages ISO 20022 is a single standardization 3 Syntax approach to be used by all financial standards initiatives 4 Financial Repository 3 Information Classification: PUBLIC

  4. Slide 4: 1.2 ISO 20022 Catalogue of Messages

    DEMYSTIFYING ISO 20022 1.2 ISO 20022 Catalogue of Messages XML = Extensible Markup Language 30 Business areas, covering several markets, e.g., payments, securities, trade services, foreign exchange MAIN BUSINESS AREAS FOR PAYMENTS: MAIN BUSINESS AREAS FOR SECURITIES: pain Payment Initiation sese Sec

  5. Slide 5: 1.2 ISO 20022 Catalogue of Messages

    DEMYSTIFYING ISO 20022 1.2 ISO 20022 Catalogue of Messages End to End Payment Chain C2B B2B B2C pain pacs camt camt (Exception and Investigation) 5 Information Classification: PUBLIC

  6. Slide 6: 1.3 ISO 20022 Message Naming, Variants and Versions

    DEMYSTIFYING ISO 20022 1.3 ISO 20022 Message Naming, Variants and Versions 4!a.3!c.3!n.2!n Example 4!a Business Area pacs 3!c Message Identifier 008 3!n Variant 001 2!n Version 08 pacs.008.001.08 FItoFICustomerCreditTransfer Other example (Securities Market): sese.023.001.09 SecuritiesSettlementTran

  7. Slide 7: 1.4 FIN MT and ISO 20022 Equivalents (Correspondent Banking)

    DEMYSTIFYING ISO 20022 1.4 FIN MT and ISO 20022 Equivalents (Correspondent Banking) FIN MTs ISO 20022 Message Identification ISO 20022 Message Name MT 103/MT103 STP/MT 103 Remit pacs.008.001.xx FI to FI Customer Credit Transfer MT 202 / 202 COV / MT 200/ MT 205/ MT 205 COV pacs.009.001.xx Financial

  8. Slide 8: 1.4 FIN MT and ISO 20022 Equivalents (Under Development)

    DEMYSTIFYING ISO 20022 1.4 FIN MT and ISO 20022 Equivalents (Under Development) ISO 20022 MESSAGE FIN MTS Identification / Name MT 110 / MT 111 / MT 112 New cheque messages MT n90 / MT n91 New fee messages 8 Information Classification: PUBLIC

  9. Slide 9: 2.1 ISO 20022 New Terminology: General

    DEMYSTIFYING ISO 20022 2.1 ISO 20022 New Terminology: General Global ISO 20022 Standard TERMINOLOGY DEFINITION Usage Guideline Market Practice for ISO 20022 messages as defined in MyStandards, e.g.: • Removal of optional elements • Multiplicity change (optional element made mandatory, Enhanced UG Nu

  10. Slide 10: 2.1 ISO 20022 New Terminology: Message and Parties

    DEMYSTIFYING ISO 20022 2.1 ISO 20022 New Terminology: Message and Parties MT ISO 20022 Message Field Element Field Format Data Type Parties Ordering Customer Debtor Beneficiary Customer Creditor Bank Agent Sender Instructing Agent Receiver Instructed Agent 10 Information Classification: PUBLIC

  11. Slide 11: 2.2 ISO 20022 Message Structure

    DEMYSTIFYING ISO 20022 2.2 ISO 20022 Message Structure Exchange Request Request SWIFTNet Headers Request Header Request Payload (Envelope) Business Application Header Business Message Document MX Message Instance (Payment Payload) Crypto (Signatures) 11 Information Classification: PUBLIC

  12. Slide 12: 2.2 ISO 20022 Message Content

    DEMYSTIFYING ISO 20022 2.2 ISO 20022 Message Content Example: pacs.008.001.08 Block GroupHeader (GrpHdr)) Component SettlementInformation (Sttlmlnf) Element and Sub-Element SettlementAccount (SttlmAcct) Identification (Id) IBAN (IBAN) Other (Othr) Note: SettlementAccount = Element Name SttlmAcct = X

  13. Slide 13: 2.3 ISO 20022 Actors in an End-to-End Payment Chain

    DEMYSTIFYING ISO 20022 2.3 ISO 20022 Actors in an End-to-End Payment Chain Legend: ISO 20022 New parties introduced in ISO 20022 :xx FIN MT format equivalent Payment Initiation (pain) Payments Clearing & Settlement (pacs) Cash Management (camt) :72:/INS/ :53a :54a :55a :56a :72:/INT/ Previous Instru

  14. Slide 14: 2.4 Concepts: XML Element Multiplicity

    DEMYSTIFYING ISO 20022 2.4 Concepts: XML Element Multiplicity Multiplicity Min Max 0 1 Element optional, if used can be present once only 0 * Element optional, no limitation in number of occurrences 0 n Element optional, repeatable <<n>> times 1 1 Element mandatory, if not present message will be re

  15. Slide 15: 2.4 XML Data Types

    DEMYSTIFYING ISO 20022 2.4 XML Data Types • A data type within an XML document is a type/format that has been assigned to an element • It allows validation of the schema/xsd Example: InterbankSettementAmount – IntrBkSttlmAmt DataType: ActiveCurrencyAndAmount 15 Information Classification: PUBLIC

  16. Slide 16: 2.4 ISO 20022 External Codes

    DEMYSTIFYING ISO 20022 2.4 ISO 20022 External Codes EMBEDDED CODES ISO EXTERNAL CODE LISTS • Are part of the ISO 20022 message • Externalized and posted on the ISO Website • Updated on a Quarterly basis (through ISO Payment SEG) • Change to code lists are part of the yearly maintenance request, i.e.

  17. Slide 17: 2.4 ISO 20022 = Enriched Identifications (pacs.008.001.01)

    DEMYSTIFYING ISO 20022 2.4 ISO 20022 = Enriched Identifications (pacs.008.001.01) IDENTIFICATION POINTTOPOINT/ENDTOEND DEFINITION OCCURENCE FIN MT EQUIVALENT Instruction Identification Point to Point Unique identification, as assigned by an Optional Field 20 in MT 103 (Max 35 Characters) instructing

  18. Slide 18: 2.4 UETR (Unique End to End Transaction Reference)

    DEMYSTIFYING ISO 20022 2.4 UETR (Unique End to End Transaction Reference) A Unique End-to-end Transaction Reference (commonly known as a UETR) is a string of 36 unique characters featured in all payment instruction messages carried over SWIFT. It allows true end to end tracking of international paym

  19. Slide 19: 2.4 ISO 20022 = Enriched Identifications (pacs.008.001.01)

    DEMYSTIFYING ISO 20022 2.4 ISO 20022 = Enriched Identifications (pacs.008.001.01) End to End Point to Point UETR UETR UETR UETR Exact 36 Characters End to End End to End End to End End to End Max 35 Characters Identification Identification Identification Identification Instruction Instruction Instru

  20. Slide 20: 3.1 ISO 20022 Maintenance

    DEMYSTIFYING ISO 20022 3.1 ISO 20022 Maintenance ISO 20022 – Yearly Maintenance Process (18 Months in total) June Year 0 to November Year +1 1 2 3 4 5 6 7 8 The RA collects The SEG perform The submitting The SEG reviews The submitting The SEG verifies The RA publishes Testing and change requests the

  21. Slide 21: Disclaimers & Disclosures

    DEMYSTIFYING ISO 20022 Disclaimers & Disclosures BNY is the corporate brand of The Bank of New York Mellon Corporation and may be used to reference the corporation as a whole and/or its various subsidiaries generally. This material and any products and services mentioned may be issued or provided in

  22. Slide 22: Information Classification: PUBLIC

    22 Information Classification: PUBLIC

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