Citi Payments Perspectives

3 Treasury and Trade Solutions Global Initiatives Financial Stability Board (FSB) Enhancing Cross-Border Payments Roadmap Emerging Payments and Digital Assets Payments Infrastructure Developments ISO 20022 SWIFT Transformation Instant Payments Financial Market Infrastructure (FMI) Interlinkage Initiatives Regional Developments (North America) Immediate Cross-Border Payments (IXB) TCH Request for Pay (RFP) Bill Pay Latest on Fed/CHIPS ISO Timelines Lynx — Canadian High-Value Payment System Glossary Citi Payments Perspectives Global Initiatives Payments Infrastructure Developments Regional Developments (North America) This issue of Citi Payments Perspectives will focus on industry developments including: • Progress on the Financial Stability Board (FSB) Enhancing Cross- Border Payments initiative with new updates regarding extended operating hours and data frameworks • Key industry updates in the Digital Asset space with the latest on CBDCs, stablecoin consultations, the Regulated Liability Network (RLN) concept, regulatory guidance and more • Current global view of the migration to ISO 20022 including latest migration timelines and strategy • SWIFT’s transformation program and strategic roadmap progress • The expansion of instant payments schemes and financial market infrastructure (FMI) interlinkage initiatives • Key developments in North America including progress on the Immediate Cross-Border Payments (IXB) initiative, Request to Pay (RTP) developments and the latest on the Fed and CHIPS ISO timelines Authors Adina Cirjean SVP, Global FMI Product Management/EMEA FMI Lead Mildred Brown VP, Global FMI Product Management/LATAM FMI Lead Caroline Lanfrank Analyst, Payments, Financial Market Infrastructures and Industry Initiatives Contributors Tony McLaughlin Managing Director, Emerging Payments and Business Development Chris Chazin Director, NA Product Head, Emerging Domestic and Cross-Border Receivables and Instant Payments Marie Geraghty SVP, Senior Product Manager EMEA Receivables Elena Gomez Director, Global Head of Domestic Payments Balwinder Saini Director, Global In-Business Risk Head – Payments & Receivables Sofia Sotelsek SVP, Global Product Manager at Citi – Instant Payments Vikram Paranjpe SVP, Global Product Manager for SWIFT Industry Initiatives Elizabeth Fraser SVP, TTS EMEA Regulatory and Industry Liaison for Payments, Receivables and Channels