• Administration of business workflows, documentation, messaging, and accounting activities linked to corporate transfers, focusing on the receipt and processing of MT101 and additional supporting SWIFT messages

• Administration of outgoing statements along with the production of MT940 and MT950 statements

• Publishing and archiving of MT942 balance reports

Corporate transfers can be initiated through two main approaches.

Firstly, they can occur automatically upon the receipt of an MT101 message via SWIFTNet.

Alternatively, manual initiation is possible when an MT101 is received through a different channel. This manual process is managed via a screen that offers several features:

1. Users can manually create and input a transfer by entering all details directly, without relying on external information sources such as files.

2. Another option is to create a transfer from a file by specifying a valid SWIFT (so) file containing an MT101 message. The system will then automatically read, analyze, and log the file into the MT101 incoming register.

3. Lastly, transfers can be manually created from a template, allowing users to generate a new record based on an existing MT101 entry, which can be tailored by a bank expert to fit specific circumstances.

The "Corporate Translations" module facilitates the planning, preparation, and storage of references for designated time frames associated with MT942, MT950, MT195, MT196, and MT199 messages.

Users have the option to manually generate references without the need for prior planning. The statement register can be filtered, allowing banking experts to export specific records. Upon the creation of a new reference, the module can automatically notify an external system.

Furthermore, a web interface is provided for users to access reference contents on demand. Please be aware that document preparation for printing and distribution falls outside the scope of this technical proposal.

A Letter of Credit (LOC) is a formal document that provides assurance to sellers regarding the payment from buyers. Issued by a bank, it guarantees that the seller will receive the full payment promptly. Should the buyer default on the payment, the bank will step in to pay the complete or remaining balance for the buyer.

Typically, a letter of credit is backed by a pledge of cash or securities. Banks generally impose a fee, calculated as a percentage of the letter of credit's total amount.

BINETIXM^® PTM offers complete back-office automation for banking LOC:

• Managing a consolidated documentary file involves tracking missed events and deadlines, as well as overseeing the documentation associated with the file.

• Handling attached documents and SWIFT messages, including MT700, MT710, MT707, MT742, MT754, among others, is also essential.

• Self-monitoring of the documentary file and its related documents and messages can be achieved through a checklist.

• Additionally, there is a need to oversee and utilize the integrated controls of business processes linked to the file.

• Visual data mining allows for the efficient visual search, sorting, and grouping of data directly from the web browser interface.

• Access to templates for various documentary operations is provided.

• Furthermore, there is built-in communication functionality for corporate clients and correspondent banks involved in letters of credit, collections, and guarantees.

Documentary collection (DC) refers to a process where the bank of the exporter obtains payment from the bank of the importer in return for documents that verify the shipment of goods. This method involves exporters empowering their bank to act as a collection agent to facilitate the payment for the goods delivered to the buyer.

To facilitate customs clearance and the delivery of goods, purchasers require specific shipping documents. These documents generally include a commercial invoice, a certificate of origin, an insurance certificate, and a packing list. The key document in documentary collections is the bill of exchange or draft, which acts as a formal payment request from the exporter to the importer.

BINETIX^® PTM offers complete back-office automation for banking DC:

• Identification of a file for documentary collection

• Management and finalisation of collections recorded in the bank

• Upon the initiation of a payment, messages such as MT202, MT400, or MT999 are produced. The system offers extensive flexibility in choosing the required messages, which are subsequently linked to the documentary collection file. For example, in scenarios involving deferred payments, it may be essential to dispatch MT412, MT499, or custom text via MT999. In these instances, the bank officer has the discretion to select from the available messaging alternatives.

A guarantee refers to the provision of security for an obligation. A bank guarantee occurs when a financial institution provides assurance and backing for various business commitments on behalf of its clients, adhering to specific regulations. Lending institutions issue bank guarantees, which serve as a promise to compensate the customer in the event of a loan default. This serves as a commitment to the beneficiary that the bank will fulfil the contractual obligations between the client and a third party if the client is unable to meet those obligations.

A bank guarantee is a commitment from a bank to assume the payment risk for its clients in favour of a third party. This guarantee arises from a contractual agreement between the bank and its clients. It is commonly utilised in both business and personal dealings to safeguard the third party against potential financial losses. By providing this assurance, a bank guarantee enables companies to acquire assets or services that they might not otherwise be able to afford, thereby fostering business expansion and encouraging entrepreneurial endeavours.

BINETIX^® PTM facilitates the entire business process between the bank and their customers:

• The process of opening a bank guarantee file begins automatically with the receipt and registration of the SWIFT message MT760;

• The management and evaluation of bank guarantees will involve monitoring any modifications in the register. These changes will be documented in the appropriate register by archiving both received and generated SWIFT messages related to the bank guarantee. A bank employee will manually initiate the change process and must verify the generation of a SWIFT message, such as MT767, MT769, MT799, or others;

• The closure of a bank guarantee file is commenced by a bank employee. In the pre-closure phase, checks are carried out on the bank guarantee file in receipt cases, which may encompass off-balance sheet movements, closures due to contractual events, and other pertinent aspects. If needed, a notification interface to an external system can be implemented, with further details to be clarified in future business analysis.

BINETIX^® PTM is equipped with functionalities for:

• Administration of business workflows, documentation, messaging, and accounting activities linked to corporate transfers, focusing on the receipt and processing of MT101 and additional supporting SWIFT messages

• Administration of outgoing statements along with the generation of MT940 and MT950 statements

• Publishing and archiving of MT942 balance reports

Corporate transfers can be initiated through two main approaches - Firstly, they can occur automatically upon the receipt of an MT101 message via SWIFTNet. Alternatively, manual initiation is possible when an MT101 is received through a different channel. This manual process is managed via a screen that offers several features:

1. Users can manually create and input a transfer by entering all details directly, without relying on external information sources such as files.

2. Another option is to create a transfer from a file by specifying a valid SWIFT (so) file containing an MT101 message. The system will then automatically read, analyze, and log the file into the MT101 incoming register.

3. Lastly, transfers can be manually created from a template, allowing users to generate a new record based on an existing MT101 entry, which can be tailored by a bank expert to fit specific circumstances.

The MoneyGram Transfers module facilitates comprehensive automation and integration with the MoneyGram payment network through a specialised communication protocol called AgentConnect.

The module offers capabilities for:

• Management of a centralised transaction registry (payments) through the MoneyGram platform;

• Supervision of a register that lists bank branches utilising MoneyGram services;

• Administration of a nomenclature for accounts associated with MoneyGram transfers;

• Importing data and reports from the MoneyGram system;

• Sending funds in currencies recognised by the recipient's country;

• Retrieval and selection of applicable options for fees and currencies when transferring amounts;

• Receiving funds using a known transfer reference;

• Processing cancellations and returns for both sent and received funds;

• Issuance of a statement regarding amounts sent and received from the relevant bank branch acting as a MoneyGram agent;

• Compilation of a report on executed operations;

• Customer search functionality for those who have conducted transactions via MoneyGram;

• City search by name and country within the MoneyGram framework;

• Reference search for MoneyGram transfers based on specified recipient names.

The "Eurogiro translations" module delivers total automation and integration with the ELS - Eurogiro Local System, representing the complete range of hardware and software solutions for managing financial transactions and communications among financial institutions.

This module can be integrated over various communication channels associated with the Product, ensuring that it can support and manage messages in line with the current SWIFT standards for the relevant fiscal years. It provides the functionality to handle international money transfers through ELS, utilising the capabilities of Eurogiro equipment for effective communication.

The "Eurogiro transfers" module and ELS enable a range of processes for both sending and receiving transfers, all in compliance with the SWIFT standard, facilitating two-way communication with external payment systems.

• Supervision and regulation of notifications classified as MT011;

• Processing credit and cash transfer requests, including MT103 and MT202;

• Responding to statements and inquiries received in the form of MT9xx;

• Handling messages related to refusals and inquiries, with responses for MTn91, MTn92, MTn95, and MTn96;

• Managing communications for deliveries and return transactions under MT198;

• Facilitating the exchange of MTn99 and MT199 free format messages developed by industry professionals based on particular international money transfer needs;

• Moreover, conducting additional processing for the creation of reports and extracts.

The ATM Transfers module automates ATM operations, services, and connectivity, and is responsible for the management, routing, and monitoring of money transfers from various payment channels through the ATM infrastructure.

The module facilitates:

• The management of money transfers from different payment channels at an ATM center;

• The virtualisation of physical ATMs and bank branches;

• The virtualisation of transactions via MoneyGram sequence numbers;

• The administration of current accounts in multiple currencies at virtual branches.