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Met Institute of Management Subject: Ebanking By: Suprabha Parab

This document discusses various SWIFT models for corporations to facilitate electronic banking and treasury management. It describes the SCORE, MACUG, and TRCO models as well as the Treasury Counterparty model. It also outlines the costs associated with different SWIFT connectivity options and messages. Key benefits of using SWIFT for corporations include high potential returns on investment and savings on banking fees.

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164 views21 pages

Met Institute of Management Subject: Ebanking By: Suprabha Parab

This document discusses various SWIFT models for corporations to facilitate electronic banking and treasury management. It describes the SCORE, MACUG, and TRCO models as well as the Treasury Counterparty model. It also outlines the costs associated with different SWIFT connectivity options and messages. Key benefits of using SWIFT for corporations include high potential returns on investment and savings on banking fees.

Uploaded by

suprabhaparab
Copyright
© Attribution Non-Commercial (BY-NC)
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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MET INSTITUTE OF MANAGEMENT
SUBJECT: eBANKING
By: Suprabha Parab
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= SCORE model

= MACUG model

= TRCO model
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[

= Treasury counterparty model


= Allows corporations to exchange SWIFT FIN messages
of cateory-3 treasury deal confirmations [ e.g. spot,
forward ,currency options etc.]
= Allows only treasury confirnation
= To register for this corporations needs to be
sponsored by at least 8 financial institutes which are
members of swift

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= ?  :suitable for treasury and risk management


communication

= ? :for cash management

=   :for exceptions and investigations.


 !"#$%&'& (() $*
% + $ !$(,
-

A
           
Contd..
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= All three types of messages can be sent


through any of three products:
Direct connection
Indirect connection
Internet-based Alliance Lite.
Each one has a different cost structure


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Contd..

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Source: http://www.swift.com/about_swift/company_information
Contd..


Source: http://www.swift.com/about_swift/company_information
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[
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Direct or indirect connectivity 15000 ² 20000 euro ( registration fee)
12000 euro ( annual fee)
Alliance lite 10000 euro ( annual fee including
registration)
  || |
FIN 6 ² 20 eurocents
File act 0.1 ² 0.03 eurocents

Source: http://www.cfoinnovation.com/content/managing-cash-and-treasury-swift-
way?page=0%2C1
 
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= The return on investment can be very high


= The more banking relationships, the higher the savings
= 326% at Microsoft
= 120% at NovartiS
= 414% at Petronas
= 203% at DuPont

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= Double byte characters :


particularly for FIN messages

= Cost benefit for small banks and corporates:


Solution used: Alliance lite
 /

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= Launched in January 2010

= The working groups consisted of 10 banks and 4


corporate

= Covers the following processes:


Opening accounts
Account maintenance
Account closing
V

  


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