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SWIFT & TARGET2 Event Name Name Date. Presentatio n title – dd month yyyy – Confidentia lity: xxx 2 Agenda Concept of TARGET2 SWIFTNet services & interfaces.

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Presentation on theme: "SWIFT & TARGET2 Event Name Name Date. Presentatio n title – dd month yyyy – Confidentia lity: xxx 2 Agenda Concept of TARGET2 SWIFTNet services & interfaces."— Presentation transcript:

1 SWIFT & TARGET2 Event Name Name Date

2 Presentatio n title – dd month yyyy – Confidentia lity: xxx 2 Agenda Concept of TARGET2 SWIFTNet services & interfaces SWIFT traffic pricing TARGET2 Services SWIFT registration scenarios Where to find help

3 3 Concept of TARGET2 Single platform system Concentration of domestic euro RTGSs Direct & indirect participants Full set of SWIFTNet services and Interfaces MT, MX and XML standards Automated or manual access Live November 2007 TARGET2 Direct Participant NCBs Ancillary Systems TARGET2 Direct Participant TARGET2 Indirect Participant SWIFTNet services SSP

4 4 TARGET2 Direct Participant SWIFTNet FIN Copy settlement request authorisation/ refusal SWIFTNet InterAct Real-time SWIFTNet FileAct Real-time Store & Forward Full set of core SWIFT messaging services SWIFTNet FIN payment message SWIFTNet Browse On-line visualisation of information NCBs Ancillary systems TARGET Direct Participant TARGET2 Indirect Participants connected via TARGET2 direct participant Branch Indirect EU Bank Non EU Bank

5 5 Full set of core SWIFT messaging services SWIFTNet InterAct SWIFTNet FileAct Secure, reliable, and STP-oriented. Appropriate for exchange of individual structured financial messages and short reports. Secure, reliable, and flexible. Appropriate for exchange of files and batches of structured financial messages and large reports Secure browsing with standard internet technologies. Appropriate for data exchange in thin-client browser- based financial solutions. To be used with SWIFTNet InterAct and FileAct. SWIFTNet Browse SWIFTNet FIN SWIFT's core store-and-forward messaging service. A secure, reliable, resilient, access controlled, structured store-and- forward messaging service. SWIFTNet messaging

6 6 SWIFTNet FIN & FIN-Copy: payment processing 11 Payment Instruction MT103, 103+, 202, 204*) 33 Settlement response (MT097) 44 Approved/Settled Payment Instruction received 55 Sender / receiver notification and reporting (Optional MT012, MT019, MT900, MT910, MT940, MT950 ) 22 Settlement request (MT096) Settlement Application SWIFT Interface Payment order Y - Copy TARGET2 Direct Participant SSP SWIFTNet FIN

7 7 SWIFTNet Browse overview Service user Workstation (running Alliance WebStation and a standard Browser) Web Server and SWIFTNet Link* Service provider SWIFTNet Browse enables secure browser-based access (over SIPN) from an operator using a standard browser and Alliance WebStation to a service providers web server * Typically used in conjunction with Alliance Gateway SWIFTNet

8 8 SWIFTNet Browse overview SWIFTNet Browse transparently combines two communication mechanisms Service user Workstation Web Server +SNL Service provider SWIFTNet Browse allows to initiate InterAct or FileAct exchanges via a secure browser link. By doing so sensitive data can be exchanged with all the security and reliability inherent to the SWIFTNet platform, while preserving the benefits of a browser-based environment. HTTPS HTTP-S channel only authenticates the system of the end user Using non- managed Web certificates InterAct / FileAct channel authenticates the end user SWIFTNet InterAct/FileAct Using managed SWIFTNet PKI certificates

9 9 Real-time query & response SWIFTNet InterAct is used in real-time mode query & response SWIFTNet InterAct Q& R: real-time exchange of information XML messages for SWIFTNet InterAct: Cash Management Standards Access to the SSP (mandatory and optional modules) through SWIFTNet InterAct: –Payments queue management –Liquidity management –Management of reservation and limits –etc… Used either in the context of person-to-application solutions (with All. Webstation) or application-to-application (with All. Gateway)

10 10 The SWIFT XML Cash Management standards Advice Statement GetAccount&ReturnAccount GetTransaction&ReturnTransaction ModifyTransaction CancelTransaction GetLimit&Return Limit ModifyLimit DeleteLimit GetReservation& ReturnReservation ModifyReservation DeleteReservation GetMember&ReturnMember ModifyMember GetBusinessDayInformation&ReturnBusinessDayInformation GetCurrencyExchangeRate&ReturnCurrencyExchangeRate GetGeneralBusinessInformation&ReturnGeneralBusinessInformation LiquidityCreditTransfer LiquidityDebitTransfer BackUpPayment ModifyStandingOrder Receipt 21 messages 21 messages

11 11 Real-time file download SWIFTNet FileAct real-time and store-and- forward Typically used to reach a large number of counterparties Store-and- forward file transfer Typically used in the context of person-to- application solutions (with SWIFTNet Browse) FileAct Real Time and store-and-forward used for: –Reporting –Directory distribution Used by TARGET2 participants to pull TARGET2 directory Store & Forward: TARGET2 sender of files (TARGET2 Directory updates)

12 12 Accessing TARGET2 User-to-Application Application-to- Application Any user * Alliance Access/ Entry users Alliance WebStation or Alliance Gateway / WebStation concentration Alliance Gateway Single Window Alliance Starter Set ICM access mode ICM user profile * It is assumed user is already a SWIFTNet FIN user

13 13 SWIFTAlliance Gateway – Licensing & pricing An easy step approach Profile 1 : WebStation Concentration Benefits : -Flexible SAB deployment -From 5 till 320 concurrent users Price : Starts at 7,500$ (5 users) Profile 2 : Automated Benefits : -Off-the-shelf application integration using Agents (FTA or TDA for < 200 InterAct or FileAct per day) -Flexible SAB deployment -From 1 till 320 concurrent users Price : Starts at 14,000$ (1 User, 1 Agent) Profile 3: Single Window Benefits : -Can reside in DMZ -Scalability & resource optimisation -Resilience -Off-the-shelf application integration using Agents (FTA or TDA) -Flexible SAB deployment -From 5 till 320 concurrent users Price: Starts at 30,000$ (5 Users, 1 Agent, 1 Host Adapter) + Traffic licence SWIFTAlliance Starter Set Benefits : -FileAct out-of-the box -1 concurrent user 6,500$ 16,000$

14 Presentatio n title – dd month yyyy – Confidentia lity: xxx 14 Agenda SWIFTNet services & interfaces SWIFT traffic pricing Ordering steps SWIFT help & education

15 15 SWIFT Traffic Pricing for TARGET2 FIN Copy pricing Y-copy Price dependent on total volume of daily copies of MI Reverse billing SWIFTNet InterAct or FileAct Global tier of Sender International traffic Reverse billing FIN User-to-user pricing Fixed price of 5.65 eurocent per chargeable unit, country independent Standard billing SN Browse Yearly fee depending on number of service end-users Reverse billing FIN from and to Market Infrastructure Fixed price of 5.65 eurocent per chargeable unit, country independent Reverse billing

16 16 Agenda SWIFTNet services & interfaces SWIFT traffic pricing Ordering steps SWIFT help & education

17 TARGET2 Services registration scenarios – Ordering – Products and Services – TARGET2 service Scenario 1 I subscribe to the Payments Module + Information and Control Module Scenario 2I subscribe to Payments Module + Information and Control Module + Home Accounting Module Scenario 3I subscribe to Information and Control Module + Home Accounting Module Scenario 4I subscribe to Information and Control Module + Central Bank Customers CUG Scenario 5I subscribe to Information and Control Module and/or Ancillary Systems Interface E-ordering can undergo version changes. Therefore, the following e-order can be different to the one you will fill in. The e-order used in this document is the one for the Test service. If you want to subscribe to the Live service you have to additionally fill in the respective Live e-order.

18 e-MSSF for TARGET2 Service Subscription (1/7) TARGET 2 (TRGTXEPM) Market Infrastructure: test service I subscribe to the Payments Module + Information and Control Module

19 e-MSSF for TARGET2 Service Subscription (2/7)

20 e-MSSF for TARGET2 Service Subscription (3/7)

21 e-MSSF for TARGET2 Service Subscription (4/7) Only use the Advanced button if you want to register additional DNs to the service.

22 e-MSSF for TARGET2 Service Subscription (5/7)

23 e-MSSF for TARGET2 Service Subscription (6/7) Only use the Advanced button if you want to specify additional SWIFTNet Addresses and corresponding CUG- categories to send and receive messages for this service.

24 e-MSSF for TARGET2 Service Subscription (7/7) Only use the Advanced button if you want to to change the queue name or use multiple queues to process different types of messages for this service

25 TARGET2 form NCBService Administrator Approval page Approval page Customer Service subscription e-ordering process Validation 3 Provisioning FIRST Discuss with your National Bank ACK

26 Customer Order on-line tracking Online facility accessible from the ordering section on com. As a registered user, you can track the status of any order placed via the online ordering. Has my software been shipped? Is my configuration change request implemented? What is the status of my subscription? When is the service activated?

27 Testing and live TESTING Exchange authorisations with TARGET2 Test BIC TRGTXEP0 SWIFT activates TARGET2 services in Test mode Start testing according to the test cases/scenarios as prepared by your National Bank LIVE Subscribe to the Live TARGET2 service on swift.com Exchange authorisations with TARGET2 live BIC TRGTXEPM SWIFT activates TARGET2 services in Live mode

28 28 Where to find help ? Contact details of Network Providers and Business Partners SWIFT on-line support and FAQs Updates on vendor initiatives, activities and status

29 29 Q&A

30 30 Thank you


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