SWIFT Gpi Delivering the Future of Cross-Border Payments, Today SWIFT Gpi SWIFT Gpi
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SPEAKER BIOS | in SPEAKING ORDER Greg Fairlie Broadcaster Dubai One Presenter, Broadcaster, Multi Tasked Video Journalist &
SPEAKER BIOS | IN SPEAKING ORDER Greg Fairlie Broadcaster Dubai One Presenter, Broadcaster, Multi tasked Video Journalist & Business Communications Expert with a wealth of experience in the UK, Australia, Europe & MENA region. Bringing a warm, personable, informative and friendly approach to presenting, interviewing and drawing out the best of people in many diverse fields. Fully experienced in a live studio environment and on location. Specialties: Facilitating business programming for both TV and Radio stations. Managing teams within a broadcast unit. Presenting, producing, directing, filming and editing live and recorded TV & Radio content. Experience of anchoring in a live environment. Specialist in media training and presentation on-air delivery. Moderator at events. Magazine and newspaper features writer. Voice Over artist and Voice imaging. Experienced in using AVID inews, Final Cut Pro X, Adobe Premiere, audio editing software including soundtrack pro and Twisted Wave. His Excellency Hani Al Hamli Secretary General Dubai Economic Council (DEC) H.E. Hani Rashid Al Hamli is the Secretary General of the Dubai Economic Council (DEC) since 2006. The Council envisioned acting as the strategic partner for the Government of Dubai in economic-decision making. It provides policy recommendations and initiatives that enhance the sustainable economic development in the Emirate of Dubai. Prior to his service at DEC, Mr. Al Hamli held a number of senior positions in various government and private entities in Dubai such as the Executive Council-Government of Dubai, Dubai Chamber of Commerce and Industry, Investment & Development Authority, and Emirates Bank Group. Under his management of the DEC Secretariat, Mr. Al Hamli has realized many achievements for the DEC, notably the establishment of Dubai Competitiveness Center (DCC) in 2008, and the DEC has embraced the stated center from 2008-2013. -
Pbfixedincomedailyjan1716.Pdf
mashreq Fixed Income Trading Daily Market Update Sunday, January 17, 2015 Quote of the Day "Wealth consists not in having great possessions, but in having few wants." (Epictetus) Market Update Iran sanctions lifted after IAEA confirms compliance with the nuclear deal, US firms set to miss out as US sanctions remain International sanctions on Iran have been lifted after IAEA, the UN nuclear watchdog confirmed the country had complied with a deal designed to prevent it developing nuclear weapons. The International Atomic Energy Agency concluded that the Islamic Republic had curbed its ability to develop an atomic weapon as required under an accord with world powers. The US and five other nations agreed in July’s accord to lift sanctions on Iran “simultaneously with the IAEA-verified implementation” of the deal. “Iran has undertaken significant steps that many people doubted would ever come to pass,” clearing the way for sanctions to end, US Secretary of State John Kerry said in Vienna late on Saturday after Iran’s compliance with the agreement was certified. Still, he said the accord “doesn’t wipe away all of the concerns” of the international community, and “verification remains, as it always has been, the backbone of this agreement." The EU foreign policy chief, Federica Mogherini, said the deal would contribute to improved regional and international peace and security. “Relations between Iran and the IAEA now enter a new phase. It is an important day for the international community,” Yukiya Amano, director general of the agency, said in a statement. “This paves the way for the IAEA to begin verifying and monitoring Iran’s nuclear-related commitments.” Ahead of the announcement Iran freed four Iranian-Americans as part of a prisoner exchange with the US that had been negotiated in secret for more than a year. -
Fixed Income Trading May 10, 2016 USD INVESTMENT GRADE ISSUES (LONG TERM)
Fixed Income Trading May 10, 2016 USD INVESTMENT GRADE ISSUES (LONG TERM) Outstanding Coupon Indic. Offer Credit Rating Risk Security Name ISIN Code Maturity Coupon % Indic. Bid Country Payment Rank Min. Size Amount (Mio) Type Offer Yield % S&P/Moody/Fitch Rating AGRIUM INC US008916AP31 15-Mar-2025 550 FIXED 3.38 99.08 99.08 3.50 BBB/Baa2/- CANADA Sr Unsecured 2,000 P3 AMERICAN INTL GROUP US026874DD67 10-Jul-2025 1250 FIXED 3.75 101.42 101.42 3.56 A-/Baa1/BBB+ UNITED STATES Sr Unsecured 2,000 P3 AON PLC US00185AAF12 14-Jun-2024 600 FIXED 3.50 101.66 101.66 3.26 A-/Baa2/BBB+ UNITED STATES Sr Unsecured 2,000 P3 AT&T INC US00206RBN17 1-Dec-2022 1500 FIXED 2.63 99.33 99.33 2.74 BBB+/Baa1/A- UNITED STATES Sr Unsecured 2,000 P3 AT&T INC US00206RCN08 15-May-2025 5000 FIXED 3.40 101.43 101.43 3.21 BBB+/Baa1/A- UNITED STATES Sr Unsecured 2,000 P3 BANK OF AMERICA CORP US06051GEU94 11-Jan-2023 4250 FIXED 3.30 102.16 102.16 2.94 BBB+/Baa1/A UNITED STATES Sr Unsecured 2,000 P3 BARCLAYS PLC US06738EAE59 16-Mar-2025 2000 FIXED 3.65 97.62 97.62 3.97 BBB/Baa3/A UNITED KINGDOM Sr Unsecured 200,000 P3 BARCLAYS PLC US06738EAN58 12-Jan-2026 2500 FIXED 4.38 100.83 100.83 4.27 BBB/Baa3/A UNITED KINGDOM Sr Unsecured 200,000 P3 BARRICK GOLD CORP US067901AQ17 1-May-2023 730 FIXED 4.10 103.55 103.55 3.52 BBB-/Baa3/- CANADA Sr Unsecured 2,000 P3 BHP BILLITON FIN USA LTD US055451AQ16 24-Feb-2022 1000 FIXED 2.88 100.95 101.92 2.52 A/A3/A+ AUSTRALIA Sr Unsecured 2,000 P3 BP CAPITAL MARKETS PLC US05565QCB23 6-Nov-2022 1000 FIXED 2.50 98.26 98.26 2.80 A-/A2/A UNITED KINGDOM -
SWIFT GPI: One Year Along the Road, Status Update for Romanian Community
SWIFT GPI: one year along the road, status update for Romanian community Janssen Marianna, SWIFT Payments specialist EMEA 7th of November 2018, Bucharest SWIFT gpi_Romanian BF_November 2018_Confidentiality restricted 1 Current gpi adoption: status update SWIFT gpi_Romanian BF_November 2018_Confidentiality restricted 2 Unparalleled growth in adoption, traffic and corridors Very large community 300~ 200+ 80+% including the 1st bank in Romania: countries covered SWIFT cross-border payments Banca Transilvania represented Millions live payments 85 700+ 100+Mio 30+% banks live country corridors payments sent as gpi since go live - cross-border MT103 35 top 50 banks 500K payments/day sent as gpi . Over 50% of SWIFT gpi payments are credited to end beneficiaries Delivering within 30 minutes real value . More than 100 billion USD are being sent daily via gpi . Banks are saving costs thanks to quicker investigations handling and a significantly reduced number of payment enquiries SWIFT gpi_Romanian BF_November. 2018_ConfidentialityPositive restricted reactions from corporates 3 85 banks are live, with more than 180 banks in the implementation phase 85 gpi banks live Nordea Bank Toronto–Dominion Bank Danske Bank Alfa-Bank State Savings Bank of Ukraine Vietinbank DNB Bank Royal Bank of Canada SEB E.SUN Commercial Bank ICICI Bank Bank of Nanjing Scotiabank Ebury Kapital Bank Shanghai Rural Commercial Bank ING Barclays China Guangfa Bank BIDV Canadian Imperial Bank of Commerce Rabobank China Minsheng Bank Shanghai Pudong ABN AMRO Bank China Merchants -
Participant List
Participant List 10/20/2019 8:45:44 AM Category First Name Last Name Position Organization Nationality CSO Jillian Abballe UN Advocacy Officer and Anglican Communion United States Head of Office Ramil Abbasov Chariman of the Managing Spektr Socio-Economic Azerbaijan Board Researches and Development Public Union Babak Abbaszadeh President and Chief Toronto Centre for Global Canada Executive Officer Leadership in Financial Supervision Amr Abdallah Director, Gulf Programs Educaiton for Employment - United States EFE HAGAR ABDELRAHM African affairs & SDGs Unit Maat for Peace, Development Egypt AN Manager and Human Rights Abukar Abdi CEO Juba Foundation Kenya Nabil Abdo MENA Senior Policy Oxfam International Lebanon Advisor Mala Abdulaziz Executive director Swift Relief Foundation Nigeria Maryati Abdullah Director/National Publish What You Pay Indonesia Coordinator Indonesia Yussuf Abdullahi Regional Team Lead Pact Kenya Abdulahi Abdulraheem Executive Director Initiative for Sound Education Nigeria Relationship & Health Muttaqa Abdulra'uf Research Fellow International Trade Union Nigeria Confederation (ITUC) Kehinde Abdulsalam Interfaith Minister Strength in Diversity Nigeria Development Centre, Nigeria Kassim Abdulsalam Zonal Coordinator/Field Strength in Diversity Nigeria Executive Development Centre, Nigeria and Farmers Advocacy and Support Initiative in Nig Shahlo Abdunabizoda Director Jahon Tajikistan Shontaye Abegaz Executive Director International Insitute for Human United States Security Subhashini Abeysinghe Research Director Verite -
Banking Automation Bulletin | Media Pack 2021
Banking Automation BULLETIN Media Pack 2021 Reaching and staying in touch with your commercial targets is more important than ever Curated news, opinions and intelligence on Editorial overview banking and cash automation, self-service and digital banking, cards and payments since 1979 Banking Automation Bulletin is a subscription newsletter Independent and authoritative insights from focused on key issues in banking and cash automation, industry experts, including proprietary global self-service and digital banking, cards and payments. research by RBR The Bulletin is published monthly by RBR and draws 4,000 named subscribers of digital and printed extensively on the firm’s proprietary industry research. editions with total, monthly readership of 12,000 The Bulletin is valued by its readership for providing independent and insightful news, opinions and 88% of readership are senior decision makers information on issues of core interest. representing more than 1,000 banks across 106 countries worldwide Regular topics covered by the Bulletin include: Strong social media presence through focused LinkedIn discussion group with 8,500+ members • Artificial intelligence and machine learning and Twitter @RBRLondon • Biometric authentication 12 issues per year with bonus distribution at key • Blockchain and cryptocurrency industry events around the world • Branch and digital transformation Unique opportunity to reach high-quality • Cash usage and automation readership via impactful adverts and advertorials • Deposit automation and recycling • Digital banking and payments Who should advertise? • Financial inclusion and accessibility • Fintech innovation Banking Automation Bulletin is a unique and powerful • IP video and behavioural analytics advertising medium for organisations providing • Logical, cyber and physical bank security solutions to retail banks. -
Visibility of Incoming Payments
SWIFT Report July 2019 Visibility of incoming payments – Proof of Value (PoV) Can visibility on all incoming cross-border payments help corporates achieve greater efficiency? In this report: Solution investigated Can end-to-end visibility Approach Results of the PoV and transparency on all Next steps Benefits at a glance incoming cross-border payments help corporates on the seller side? We presented this question to six gpi member banks and corporate customers1 as we launched the visibility of incoming payments PoV explored with AccessPay. 1 Participating banks: BNP Paribas, Natixis, Citi, Deutsche Bank, Mashreq Bank, Societe Generale, UBS, Yapi Kredi Participating corporate customers: ITV and Eversheds Sutherland 2 Solution investigated Building on the unique capabilities of SWIFT gpi, a visibility of incoming payments initiative would leverage the existing gpi Tracker to help corporates with the management of working capital as well as payment reconciliation operations. With SWIFT gpi, member banks benefit from visibility over As a result, banks would have the capacity to offer all incoming payments before reception of the payment incoming payment notification, tracking and search message. However, the information presented does not services to their corporate customers. today include the details on the buyer, the seller and any remittance details. Would SWIFT made this information available to gpi banks, the solution examined would utilise the transaction information that the buyer bank puts in the SWIFT network to enable the beneficiary bank to present these transaction details to the corporate beneficiary, ahead of payment delivery. gpi Tracker Incoming! Incoming Payments 3 Approach Throughout the PoV, participating banks and corporates were invited to validate the proposed solution in the context of their institution, and provide input on possible use cases and perceived value. -
Mashreq Bank
mashreq Fixed Income Trading Daily Market Update Sunday, July 05, 2015 Market Update • Abu Dhabi lenders’ earnings grow 11% in Q1 The total net earnings of Islamic and commercial banks in Abu Dhabi climbed 11.2% in the first quarter of 2015 in year-on-year period, showing the strengthens of the flourishing banking sector. Total earnings rose 1.5% in quarter-on-quarter comparison, said Statistics Centre Abu Dhabi complied, “Abu Dhabi-Based Banks Statistics Report”, for Q1 2015. (Khaleej Times) • Gulf Finance House planning acquisition GFH is planning to make an acquisition this year and sell a unit in an initial public offering. The expected moves are part of efforts to reshape GFH, which was hit hard by the 2008-2009 global financial crisis. “The new strategy of GFH is primarily focused on creation of a financial group rather than just an investment bank which it used to be before,” said Hisham Alrayes, the chief executive. “From the five pillars, we would like to have an equal participation of income, ideally.” Currently the Bahrain-based Islamic investment bank has four units: investment banking, commercial banking, real estate and industry. GFH, which is talking to one firm in Bahrain and two in Dubai, is banking on closing this year with at least one leveraged acquisition valued at about USD200 million. The firm is seeking to finance the acquisition through 30 to 40% equity and the remainder in debt. (Bloomberg) • Qatar National Bank and Bahrain's Arab Bank Corp more interested in acquiring Finansbank QNB and ABC did not follow up early interest in acquiring HSBC's Turkish business because they were more interested in National Bank of Greece's Turkish arm Finansbank, two people familiar with the matter said. -
World Bank Document
hvPS g / POLICY RESEARCH WORKING PAPER 3114 Public Disclosure Authorized The Dynamics of Foreign Bank Ownership Public Disclosure Authorized Evidence from Hungary Giovanni Majnoni Rashmi Shankar Eva Vdrhegyi Public Disclosure Authorized The World Bank Public Disclosure Authorized Financial Sector Operations and Policy Department August 2003 POLIcy RESEARCH WORKING PAPER 3114 Abstract The early start of the process of bank restructuring and investment)-or by the management style adopted after privatization in Hungary provides a longer and richer the acquisition. The authors supplement previous results amount of evidence than that available for any other on the effects of foreign bank ownership in three ways. transition economy. Majnoni, Shankar, and Varhegyi First, they explicitly consider the time span required for analyze the dynamics of bank restructuring in Hungary the change of ownership to affect bank performance. with a focus on the role played by foreign ownership. Second, the authors explore how important the chosen They explore the performance over time of foreign- acquisition strategy is for the success of an acquisition. owned Hungarian banks and study the extent to which And third, they study how relevant the adopted efficiency gains are affected by the chosen acquisition management style is to this end, as proxied by the degree strategy-strategic acquisition in contrast with of reliance on foreign management. investment in a newly established bank (greenfield This paper-a product of the Financial Sector Network-is part of a larger effort to study the effects of financial liberalization. Copies of the paper are available free from the World Bank, 1818 H Street NW, Washington, DC 20433. -
Pbfixedincomedailyjun21.Pdf
mashreq Fixed Income Trading Daily Market Update Sunday, June 21, 2015 Market Update • Emaar Misr IPO offer price set at 3.8 Egyptian Pounds Following the completion of the Institutional Offering Emaar Misr for Development S.A.E. has announced that the offer price has been set at EGP 3.8 per Share, after the Institutional Offering tranche was over 11 times oversubscribed at the offer price. At this price Emaar Misr’s market capitalisation at listing will be approximately EGP 17.6 billion (USD2.3 billion). Emaar Properties PJSC, the parent company of Emaar Misr, will retain its current holdings in Emaar Misr, which will represent 87.01% of Emaar Misr’s post-offer share capital. • Non-oil industries accounted for 69% of economic output last year, state-run news agency reports, citing Prime Minister Mohammed Bin Rashid Al Maktoum. Sheikh Mohammed said the government would spend on large infrastructure projects this year to maintain growth after last year’s robust rate of expansion, when inflation-adjusted GDP grew 4.6%. Projects include 100billion dirham airport expansions, 40billion dirham rail lines, roads and transport projects, tourist facilities, electronic infrastructure, real estate, financial service. The sharp decline in the price of oil since last summer has triggered a renewed focus on diversification. The contribution of the non-oil sector to the economy has already reached almost 70% with a target of up to 80% by 2021. The call for greater economic integration comes ahead of the release of new economic statistics expected this week. The government plans to triple spending on research and development over the next six years and boost the national workforce by 185,000. -
81-125 Peter Vass.Indd
DOI: 10.33908/EF.2019.1.5 MEMBER BANKS OF THE HUNGARIAN BANKING ASSOCIATION 81 MEMBER BANKS OF THE HUNGARIAN BANKING ASSOCIATION Péter Vass ABSTRACT In its 30 years of existence, the Hungarian Banking Association has witnessed an extraordinary evolution in the banking sector.1 During this period, a total of 93 banks were registered in Hungary (in the form of companies limited by shares or branches), typically 40 to 50 operating at the same time. It was only for special reasons that the number of banks exceeded that upper limit, while it fell below 40 only during the transformation spurt aft er the introduction of the two-tier banking system, during the post-transition bank foundation fever up until 1991, and – seemingly – by surprise, during the bank sector boom in the early 2000s. Th e development and the continuous change of the institutional background has been driven by domestic processes in the fi eld of banking, economy and regulation alike, by the consequences of international structural developments (mergers, strategic partnerships and their dissolution) at the level of Hungarian subsidiary banks as well as by the individual development paths of certain banks. Th e length of this paper does not allow for a comprehensive in-depth analysis of all these motivators, but we consider that presenting the development of each member bank of the Banking Association within a common framework, focussing mainly on current members, would be informative. JEL codes: G21, N94 Keywords: history of the banking sector, banking history, banking sector entries and exits, bank mergers, competition 1 For the purposes of this article, banks and specialised credit institutions under Act CXII of 1996 on Credit Institutions and Financial Enterprises are regarded as part of the banking sector, not including KELER, which performs non-banking activities. -
Making Blockchain a Reality Contents Summary
Making Blockchain a Reality Contents Summary Summary 03 Until recently, the world of finance was seen as a highly technical, highly regulated industry dominated by giant banks that resisted disruption (other than the occasional global meltdown). However, the finance industry No Responsibility, No Progress 04 is now riding an entrepreneurial wave, with blockchain at the helm. The Remittance Revolution 05 Fear of the Unknown? 06 Demand for start-up services is now stronger than ever, piqued by widespread frustration with historically cumbersome big banks that Collaboration at the Core 07 were unable to move at the speed or direction that was needed to Access the Infrastructure, Access the Opportunity 08 meet market need. However, as financial institutions realise that their only way to ride this wave is to embrace (and often partner) Getting Ready 10 with these new start-ups, we are set to see a perfect marriage never before witnessed. So, why have financial institutions been so slow to embrace technology, and in particular, blockchain? | 02 | 03 No Responsibility, The Remittance No Progress Revolution Blockchain could represent the next big Patrick Laurent, Partner at Deloitte comments that “these results One factor that is driving this market disruption is the movement of the costs structures are too high. If banks wants to retain their are not surprising, but give a clear indication of the immediate money from a period of high dollar amount and low transaction customers and earn extra revenues, they must adopt a lower shift in technology over the next five need to begin learning courses, workshops and develop Proof of volumes to low dollar amounts and high transaction volume.