David Nicol presents alongside Valerie Minne and Tom Poppe to discuss SWIFT gpi and Corda.

1. SWIFT gpi: linking SWIFT gpi with
trade platforms – The first results
Valérie Minne, gpi Product Manager, SWIFT
Tom Poppe, Innovation Product Manager, SWIFT
David Nicol, Head of Digital Assets, R3

2. Why is SWIFT developing the gpi link?
Digital trade platforms are
appearing across different
types of industries…
…but settlement within these
platforms remains a
challenge...
➢ Global bank adoption hard
to achieve (multiple
integrations)
➢ Little appetite for settlement
in crypto currencies or
other stable coins
➢ Payment confirmation key
to enable fast and efficient
business processes

3. SWIFT and R3
have joined forces
on a proof of concept,
leveraging
Corda and SWIFT gpi

4. The gpi link enables
corporates on trade platforms
to initiate a payment via an open API,
have it settled in fiat currency via the gpi banks,
and receive a credit confirmation
back on the trade platform

5. Trade platform on Corda
Settlement via SWIFT gpi
https://www.r3.com/videos/swift-gpi-link-
and-corda-settler-in-action/

6. So how does it work in the background?
gpi link
SWIFTmessages
API
gpi Tracker
Trade platform on
Factor
Support
(Payer)
Taiwan
Towers
(Payee)
Factor
Support’s
bank
Taiwan
Towers’
bank

7. Corda Settler integration with SWIFT gpi link
gpi link
SWIFTmessages
API
gpi Tracker
Trade platform on
Factor
Support
(Payer)
Taiwan
Towers
(Payee)
CordaSettler
Factor
Support’s
bank
Taiwan
Towers’
bank

8. Corda Settler integration with SWIFT gpi link
Open Source Corda application for two
parties on Corda to create an obligation
for how and when they will settle a
Corda transaction
Deferred settlement - Multi-step, but still conditional

9. Payment initiation on the trade platform
gpi link
SWIFTmessages
API
gpi Tracker
Trade platform on
Factor
Support
(Payer)
Taiwan
Towers
(Payee)
CordaSettler
2
Payment
Initiation
1
Factor
Support’s
bank
Taiwan
Towers’
bank
Transaction

10. Payment initiation on the trade platform

11. Payment initiation on the trade platform
Payer’s
signature
with private
key and
certificate

12. Payment initiation API
gpi link
SWIFTmessages
API
gpi Tracker
Trade platform on
Factor
Support
(Payer)
Taiwan
Towers
(Payee)
CordaSettler
2
Payment
Initiation
1
3
Payment
Initiation
API
Factor
Support’s
bank
Taiwan
Towers’
bank
Transaction

13. Payment initiation on the trade platform
Unique
payment
identifier
(UETR)
for tracking

14. Payment initiation SWIFT message
gpi link
SWIFTmessages
API
gpi Tracker
Trade platform on
Factor
Support
(Payer)
Taiwan
Towers
(Payee)
CordaSettler
2
Payment
Initiation
1
3
Payment
Initiation
API
4
5
Payment Initiation
SWIFT message
API link to SWIFT
messaging format
Factor
Support’s
bank
Taiwan
Towers’
bank
Transaction
PAYER END-TO-END AUTHENTICATION
Signed
MT101 or
pain.001,
with UETR

15. SWIFT gpi customer credit transfer
gpi link
SWIFTmessages
API
gpi Tracker
Trade platform on
Factor
Support
(Payer)
Taiwan
Towers
(Payee)
CordaSettler
2
Payment
Initiation
1
3
Payment
Initiation
API
4
5
Payment Initiation
SWIFT message
API link to SWIFT
messaging format
5
6 6
78
Payment Initiation
SWIFT message
Customer
Credit
Transfer
Customer
Credit
Transfer
Credit
Confirmation
Credit
Confirmation
Factor
Support’s
bank
Taiwan
Towers’
bank
Transaction
Standard
gpi
customer
credit
transfer

16. SWIFT gpi payment confirmation
gpi link
SWIFTmessages
API
gpi Tracker
Trade platform on
Factor
Support
(Payer)
Taiwan
Towers
(Payee)
CordaSettler
2
Payment
Initiation
1
3
Payment
Initiation
API
4
5
Payment Initiation
SWIFT message
API link to SWIFT
messaging format
5
6 6
78
Payment Initiation
SWIFT message
Customer
Credit
Transfer
Customer
Credit
Transfer
Credit
Confirmation
Credit
Confirmation
9
Credit
Confirmation Factor
Support’s
bank
Taiwan
Towers’
bank
Transaction
MT199 or
pain.002,
with UETR

17. Payment confirmation API
gpi link
SWIFTmessages
API
gpi Tracker
Trade platform on
Factor
Support
(Payer)
Taiwan
Towers
(Payee)
CordaSettler
2
Payment
Initiation
1
3
Payment
Initiation
API
4
5
Payment Initiation
SWIFT message
API link to SWIFT
messaging format
5
6 6
78
Payment Initiation
SWIFT message
Customer
Credit
Transfer
Customer
Credit
Transfer
Credit
Confirmation
Credit
Confirmation
9
Credit
Confirmation
Payment
Confirmation
API
11
Factor
Support’s
bank
Taiwan
Towers’
bank
Transaction
10
SWIFT messaging
format link to API

18. Payment confirmation on the trade platform
gpi link
SWIFTmessages
API
gpi Tracker
Trade platform on
Factor
Support
(Payer)
Taiwan
Towers
(Payee)
CordaSettler
2
Payment
Initiation
1
3
Payment
Initiation
API
4
5
Payment Initiation
SWIFT message
API link to SWIFT
messaging format
5
6 6
78
Payment Initiation
SWIFT message
Customer
Credit
Transfer
Customer
Credit
Transfer
Credit
Confirmation
Credit
Confirmation
Factor
Support’s
bank
Taiwan
Towers’
bank
9
Credit
Confirmation
Payment
Confirmation
API
11
Payment
Confirmation
12
Transaction
10
SWIFT messaging
format link to API

19. Payment confirmation on the trade platform

20. Additional use cases
gpi link
Bank-originated
Payments
(Trade Finance)
Kick-off Q1 2020
e-commerce
(W3C Web Payment APIs)
PSD2
Open banking

21. Participants to the proof of concept

22. Questions

23. www.swift.com
Power Point template - You can edit footer content by going into 'Insert' tab, Header & Footer 23