SWIFT, EBAM Central Utility, Carlo Palmers, 13 November 2012

1. EBAM Central Utility
Carlo Palmers
13 November 2012

2. Electronic Bank Account Management (EBAM)
SWIFT Solution: scope & status
Account Opening
Account Maintenance
Mandate Maintenance
Account Closing
Account Reporting
Existing Customers (no KYC)

3. Electronic Bank Account Management (EBAM)
Objectives
Today Tomorrow
Paper
Fax
XML messages
Supporting documents
Personal Digital Signature
• Slow • Low integration • Automated/STP • Dematerialised
• Expensive • Low satisfaction • Standardised • Faster/cheaper

4. EBAM Standards
Account Opening Message Flow Please, provide us with:
- ABC’s certificate of
registration
- a passport scan for each
of the 3 mandate holders
- …
Account Opening Request
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Account Request Acknowledgement
Company ABC J.P. Morgan, UK
Account Opening
I would like to open an The “legal representative”
account with
Additional Information Request of ABC has not been
J.P. Morgan, UK. provided
What kind of information
Account Opening
should I provide? Amendment Request
Account Request
Acknowledgement
We confirm a new account
Account Report has been opened for you.
Please find the details
enclosed 4

5. EBAM : current solution for multi-banking
Standardised messaging solution in ISO 20022 XML
Harmonised way to attach documents
Corporates Banks
Point to point exchange
Multitude of vendor-, bank- and corporate applications
Different requirements across jurisdictions
Policies across banks also vary
MULTITUDE OF DIFFERENT IMPLEMENTATIONS 5

6. Market survey
EBAM Central Utility - Overview confirms
appetite
Administration Module
Bank and country
Requirements Database
EBAM
Portal
Portal user Online
application
My (EBAM)
Messaging and Standards
EBAM Validation Module
application
SWIFTNet
Internet
A multi-bank portal for EBAM offers:
Corporates Banks
• Visibility and control on internal account • Better customer service
structures and mandate holders, accross banks • Optimisation of EBAM processes:
• Audit trail - cost/effort reduction
• Full transparency of banks’ documentation (e.g. repetitive testing, outsourced development
requirements of EBAM portal and simplified publication of
requirements)
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- end-to-end workflow orchestration

7. EBAM Central Utility
Pilot project
4 banks: JPMC, RBS, Citibank, BNYM
8 corporates: GE, Fujitsu, SwissRe, …
FileAct and EBAM portal users
Pilot feedback
Value of the central validation confirmed
Value of variants validation confirmed
EBAM portal avoids having to build an own application
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8. What’s next?
EBAM XML messages version 2
Development during 2012
Release of V2 before launch of
EBAM Central Utility
EBAM Central Utility
Confirm co-funding agreements
Board approval for development of
EBAM Central Utility
Q1 2014: Launch of live EBAM Central Utility ?
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