Minutes from

Corporate Reference Group Meeting in
Stockholm

04 September 2003

Participants:

Jacques Pho (chair)Shell

Birgitta BjörkstromElectrolux

Siri-Anne dos SantosNorsk Hydro

Nils RuudNorsk Hydro

Andrew MooresP&O Nedlloyd

John de RijkP&O Nedlloyd

Pascal SpittlerIKEA

Conference in:

Rens NooyensPhilips

Excused:

Robert BolPhilips

Rens NooyensPhilips

Nigel MassonP&O Nedlloyd

AndreasMallShell

______

Introduction and welcome to new participant

All participants welcome John de Rijk (P&O Nedlloyd) in the CRG meeting

The agenda of the current meeting is reviewed and completed by Jacques.

Internet Security

Andrew pointed out that some processes of the best recommended practice for the message flows are not implemented either by banks or by corporate as well as some messages are missing, not signed or not encrypted (e.g.: control messages back to the banks are not signed which imply a missing of “non-repudiation of receipt by the bank”). Siri-Anne remarks that the security is a combination of messages flow, communication and agreements between the bank and the corporate.

In complement to “the best recommended message flow practice” we recognized the need for the “best recommended communication practice” because today some corporate need to use multiple secure client tools for Internet communication as well as protocols that are no more supported by banks. CRG will establish before the next TBG5 meeting in Rome a draft related to the recommended communication practice and a presentation of the tools that CRG members are currently using to secure their communications.

Finally some participants presented their security infrastructure and bank requirements in order to share their experiences.

Minutes from last CRG meeting in May:

Following actions have been identified and reported by Rens:

  • Nigel, Jacques and Pascal should review the issue of specifying the clearing zone code and cheques delivery channel, within the PAYMUL file for Asian payments.
  • The CRG implementation guideline has been reviewed and should be voted in the next TBG5 meeting in Seoul
  • Robert should redefine how the FTX segment should be used (formatted and none formatted) based on the latest developments in the standards.
  • Robert and James Whittle will also update the qualifier DOC document.
  • Nils will sort out the access right of the CRG webpage, mailbox and distribution lists. A Web site group will be created with Nils, Andrew and Pascal.
  • Andreas and Siri-Anne should ask TBG5 for their XML strategy and specific plans.
  • Rens will try to get a status/progress on this initiative as Robert is actively participating into initiatives with –Swift/Rosetta/Twist.
  • Andreas should list the banks with EDIFACT capabilities.
  • Jacques will issue an action list to be used in next CRG meetings
  • Jacques will summarize the different uses of FINSTA and BAI codes.

Report from last Future group June meeting to La Hulpe Brussels

Andreas presented the Twist developments. The participants agreed on the aim of having one future XML standard and wish the cooperation of Swift and Twist.

A clarification of CRG position toward the Twist initiative was required and Siri-Anne will propose a draft paper.

A presentation of TBG5 works on business modelling and the future cooperation between Future group and CRG was discussed. Action list on for project like IBAN usage for domestic payment and remittance advices is required in order to achieve STP information flow.

An important presence of corporate from CRG is required for the nextTBG5 meeting in ROME.

Presentation from CRG participants

Jacques presented the benefits for Shell being member of CRG

Pascal and Birgitta presented the corporate security infrastructure from their company. These presentations could be included in the CRG web site in order to renew the actual presentations on the CRG web site.

CRG WEB site

The CRG should use the web site as an important promotion tools. General statement from participant about what their corporate has been accomplishing in terms of STP and security has to be presented for next CRG meeting

A Website group with Nils, Pascal and Andrew has to propose a redesign of the web site. Siri-Anne should provide information concerning the access of to day site.

Election of the chairman of CRG

We agreed to postpone the election until next meeting and discussed this subject on next phone meeting Wednesday 26 November 2003.

A definition of the role of a chair versus co-chair position is required. (e.g.: Does the chairman need to attend the TBG5/FG meeting?)

Open issues

CRG agreed to invite James Whittle to future CRG meetings.

John will distribute a final proposition for cheques payment in India based on SCB practice.

He also reported an issue in populating different type of ACH payments in the USA

The update of Andreas on SWIFT, Twist, ISO IFX cooperation is postponed to next meeting

The MIGS of NORDEA and ABN AMRO will also be distributed and discussed on next meeting.

Next meetings

Conference call will be hold on 26thNovember 2003 as at 14 CET (Andreas-Jacques)

CRG meeting will take place on the 9th January to P&O

Rome TBG5/FG meeting on the 26th and 27th January 2004

6 November 2003

Pascal Spittler

Minutes CRG meeting Stockholm, 04 September 2003 page 1