2 Agenda Concept of TARGET2 SWIFTNet services & interfaces SWIFT traffic pricingTARGET2 Services SWIFT registration scenariosWhere to find helpPresentation title – dd month yyyy – Confidentiality: xxx
3 Concept of TARGET2 SSP “Single platform” system TARGET2 Indirect Participant“Single platform” systemConcentration of domestic euro RTGSsDirect & indirect participantsFull set of SWIFTNet services and InterfacesMT, MX and XML standardsAutomated or manual accessLive November 2007SWIFTNetservicesTARGET2 DirectParticipantTARGET2 DirectParticipantSSPNCBsAncillary Systems
4 Full set of core SWIFT messaging services TARGET2 Indirect Participants connected via TARGET2 direct participantSWIFTNet FINpayment messageBranchTARGET2 Direct ParticipantsettlementrequestTARGET Direct Participantauthorisation/refusalNon EU BankSWIFTNet FileActReal-timeStore & ForwardSWIFTNet FIN CopyIndirectEU BankSWIFTNet BrowseOn-line visualisation of informationSWIFTNet InterActReal-timeAncillarysystemsNCBs
5 Full set of core SWIFT messaging services SWIFT's core store-and-forward messaging service.A secure, reliable, resilient, access controlled, structured store-and-forward messaging service.SWIFTNet FINSecure 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 BrowseSWIFTNet messagingSecure, reliable, and STP-oriented. Appropriate for exchange of individual structured financial messages and short reports.SWIFTNet InterActSecure, reliable, and flexible. Appropriate for exchange of files and batches of structured financial messages and large reportsSWIFTNet FileAct
6 SWIFTNet FIN & FIN-Copy: payment processing order14Y- Copy1Payment Instruction MT103, 103+, 202, 204*)TARGET2 Direct ParticipantTARGET2 Direct Participant2Settlement request(MT096)25353Settlement response(MT097)SWIFTInterface4Approved/Settled Payment Instruction receivedSSP5Sender / receiver notification and reporting (Optional MT012, MT019, MT900, MT910, MT940, MT950 )SettlementApplication
7 SWIFTNet Browse overview Service userService providerSWIFTNetWorkstation(running Alliance WebStation and a standard Browser)Web Server andSWIFTNet Link*SWIFTNet Browse enables secure browser-based access (over SIPN) from an operator using a standard browser and Alliance WebStationto a service provider’s web server* Typically used in conjunction with Alliance Gateway
8 SWIFTNet InterAct/FileAct SWIFTNet Browse overview SWIFTNet Browse transparently combines two communication mechanismsHTTP-S channel only authenticates the system of the end userService userService providerUsing non-managed Web certificatesHTTPSWeb Server +SNLUsing managed SWIFTNet PKI certificatesSWIFTNet InterAct/FileActWorkstationInterAct / FileAct channel authenticates the end userSWIFTNet 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.
9 SWIFTNet InterAct is used in real-time mode query & response Used either in the context of person-to-application solutions (with All. Webstation) or application-to-application (with All. Gateway)Real-timequery & responseSWIFTNet InterAct Q& R: real-time exchange of informationXML messages for SWIFTNet InterAct: Cash Management StandardsAccess to the SSP (mandatory and optional modules) through SWIFTNet InterAct:Payments queue managementLiquidity managementManagement of reservation and limitsetc…
10 The SWIFT XML Cash Management standards Advice StatementGetAccount & ReturnAccountGetTransaction & ReturnTransactionModifyTransactionCancelTransactionGetLimit & Return LimitModifyLimitDeleteLimitGetReservation & ReturnReservationModifyReservationDeleteReservationGetMember & ReturnMemberModifyMemberGetBusinessDayInformation & ReturnBusinessDayInformationGetCurrencyExchangeRate & ReturnCurrencyExchangeRateGetGeneralBusinessInformation & ReturnGeneralBusinessInformationLiquidityCreditTransferLiquidityDebitTransferBackUpPaymentModifyStandingOrderReceipt21messages
11 SWIFTNet FileAct real-time and store-and-forward FileAct Real Time and store-and-forward used for:ReportingDirectory distributionStore-and-forward file transferTypically used to reacha large number of counterpartiesStore & Forward: TARGET2 sender of files (TARGET2 Directory updates)Typically used in the context of person-to-application solutions (with SWIFTNet Browse)Real-timefile downloadUsed by TARGET2 participants to pull TARGET2 directory
12 Accessing TARGET2 Application-to-Application User-to-Application ICM accessmodeICMuser profileAny user *Alliance WebStation orAlliance Gateway /WebStation concentrationAllianceGatewaySingle WindowAllianceAccess/EntryusersConnecting through a service bureau can be done in different ways, depending on the way the service bureau has implemented its configuration for their customers.Alliance Starter Set* It is assumed user is already a SWIFTNet FIN user
13 SWIFTAlliance Gateway – Licensing & pricing ‘An easy step approach’ Profile 1 :“WebStation Concentration”Benefits :-Flexible SAB deploymentFrom 5 till 320 concurrent usersPrice :Starts at 7,500$ (5 users)Profile 2 :“Automated “-Off-the-shelf applicationintegration using Agents(FTA or TDA for < 200 InterAct or FileAct per day)-Flexible SAB deploymentFrom 1 till 320 concurrent usersStarts at 14,000$ (1 User,1 Agent)Profile 3:“Single Window”-Can reside in DMZ-Scalability & resourceoptimisationResilienceOff-the-shelf application integration using Agents(FTA or TDA)Price:Starts at 30,000$ (5 Users, 1 Agent, 1 Host Adapter)+Traffic licenceSWIFTAllianceStarter Set-FileAct out-of-the box1 concurrent user6,500$16,000$
14 Agenda SWIFTNet services & interfaces SWIFT traffic pricing Ordering stepsSWIFT help & educationPresentation title – dd month yyyy – Confidentiality: xxx
15 SWIFT Traffic Pricing for TARGET2 FIN User-to-user pricingFixed price of 5.65 eurocent per chargeable unit, country independentStandard billingFIN from and to Market InfrastructureFixed price of 5.65 eurocent per chargeable unit, country independentReverse billingFIN Copy pricingY-copyPrice dependent on total volume of daily copies of MIReverse billingSN BrowseSWIFTNet InterAct or FileActYearly fee depending on number of service end-usersReverse billingGlobal tier of SenderInternational trafficReverse billing
16 Agenda SWIFTNet services & interfaces SWIFT traffic pricing Ordering stepsSWIFT help & education
17 TARGET2 Services registration scenarios – Ordering – Products and Services – TARGET2 serviceE-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.Scenario 1 I subscribe to the Payments Module + Information and Control Module Scenario 2 I subscribe to Payments Module + Information and Control Module + Home Accounting ModuleScenario 3 I subscribe to Information and Control Module + Home Accounting Module Scenario 4 I subscribe to Information and Control Module + Central Bank Customers CUGScenario 5 I subscribe to Information and Control Module and/or Ancillary Systems Interface
18 e-MSSF for TARGET2 Service Subscription (1/7) TARGET 2 (TRGTXEPM) Market Infrastructure: test serviceI subscribe to the Payments Module + Information and Control Module
19 e-MSSF for TARGET2 Service Subscription (2/7) trgt.papss!p/ trgt.papssBrowse access to different modulesT2 full directory-pull modeEnvironment : Pilot ProductionSWIFT Services : FileAct, InterAct, BrowseWorking mode : Real timetrgt.sfpapss!p/ trgt.sfpapssAccess to weekly T2 directory updatesSWIFT Services : FileAct, InterActWorking mode : Store&FwdTARGET2 does not provide specific rules for a Distinguished Name (DN) tree structure. During the registration process, TARGET2 will link a participant DN to a TARGET2 account that it can reach by using the DN.SWIFT strongly recommends that users adapt the DN naming to the new SWIFTNet Phase 2 rules.
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 Service Administrator Service subscription e-ordering processCustomerNCBService Administrator1TARGET2formApprovalpageApprovalpageFIRSTDiscuss with your NationalBank27Validation5ACK463ProvisioningCustomer completes and submits the e-MSSF on SWIFT ordering site – swift.com2. SWIFT sends automated acknowledgement to customer3. SWIFT validates the e-MSSF4. SWIFT sends automated for request to approve service subscription on swift.com5. NCB approves the service subscription – submits the approval page of e-MSSF6. SWIFT sends automated to 3CB to approve the approval page approved by NCB7. Service Administrator approves on swift.com and submits the approval page to SWIFT.At from this point, SWIFT commits to process the order within 2 weeks8. Service (s) provisioning is executedReporting upon request:- country reporting to the NCB’s- global reporting to 3CBCBs ApprovalCBs will approve/reject the subscription requestsCBs will assign the Roles to the subscribers choosing among a predefined subset of "profiles", composed of different RolesService Administrator (SSP Service Desk) ApprovalThen the SSP service desk, as Service Administrator, will make the second and final approval of the subscription requests8
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.High-level view of all orders placed during the last 12 months (available as of 18 October 06)real-time access to the current status of each order placed on swift.com.view all orders for his/her institution, or for his/her entire hierarchy.The customer can see if an order is being processed, is completed, or is rejected.By clicking on a specific order, customers can access a copy of the order in order to view its content, and they can also view the detailed status of the order.Monitoring the progress of an order in a detailed viewthe status of major steps of process.order submitted,validation completed,subscription approved,service activation confirmed, software shipped, etc., are visible to the customer.When applicable, advanced details are provided, such as shipment details, airway bill number, or legal follow-up information (for example, when a new customer joins its first service).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 TRGTXEP0SWIFT activates TARGET2 services in Test modeStart testing according to the test cases/scenarios as prepared by your National BankLIVESubscribe to the Live TARGET2 service on swift.comExchange authorisations with TARGET2 live BIC TRGTXEPMSWIFT activates TARGET2 services in Live mode
28 Where to find help ? www.swift.com Contact details of Network Providers and Business PartnersSWIFT on-line support and FAQ’sUpdates on vendor initiatives, activities and status