slide 1 swift live target2 service e-ordering at swift

Slide 1

SWIFT

Live TARGET2Live TARGET2serviceservice

E-ordering at SWIFTE-ordering at SWIFT

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Agenda

Migration WindowsMigration Windows

Migration TimelineMigration Timeline

TARGET2 live subscriptionTARGET2 live subscription

E-ordering detailsE-ordering details

E-ordering processE-ordering process

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Migration Timeline2006 2007 2008

Installation & Configuration

Ordering & Subscription

M1

LiveGroup 2

start: 18/2/2008

Q1 Q2 Q3 Q4

Preparation Planning& Design

Certification - Free testing

M2

M3

TARGET2 User Testing

Con-nec-tivity

Inter-oper-ability

CountryBusi-nessDay

NCB Acceptance testing

M4

Q1 Q2

LiveGroup 3

start: 19/5/2008

LiveGroup 1

start: 19/11/2007

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www.swift.com Ordering and Support Ordering Existing customers Member Administered

Services Subscribe to TARGET2

services

TARGET2 live subscription

Ways to access the TARGET2 system:

a. Direct participation

b. Multi-addressee access

c. Indirect participation

d. Addressable BICs

In order to fulfil all market participants’ needs a wide range of possibilities to join the TARGET2 system is foreseen!

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TARGET2 Services subscription

Select an appropriate scenario, depending on the usage of the available TARGET2 modules

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e-MSSF for TARGET2 Service Subscription (1/7)

TARGET 2 Market Infrastructure:

I subscribe to the Payments Module + Information and Control Module

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

Ordering BIC = Live BIC

Preferred implementation date = Saturday before respective live date

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

DO NOT USE THIS BUTTON – publication information: taken careof by your National Bank and TARGET2

BIC of your National Central Bank

Live BIC

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e-MSSF for TARGET2 Service Subscription (4/7)

Only use the “Advanced” button if you want to register additional DNs to the service (e.g. Level 3)

Level 2 DN

Always MEMBER !!

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

SNL of LIVE-system

Live BIC

If on Hub or Service bureau

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e-MSSF for TARGET2 Service Subscription (6/7)

Always MEMBER !!

Recommended to create specific queue for TARGET2

Only use the “Advanced” button if you want to register additional DN’s (e.g. Level 3)

Level 2 DN

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

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www.swift.com

TARGET2 form

NCB Service Administrator

Approval page

Approval page

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11

4455

66

77

88

Customer

Validation

33Ack

Start of SWIFT provisioning

E-mail

web page

E-ordering process

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1. Exchange BKE keys with live TARGET2 BIC TRGTXEPM

2. SWIFT will activate the TARGET2 services in Live mode on the Saturday before the respective live dates.

Live service: other milestones

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Support

Support

TARGET2 forms and SWIFT forms:

Make sure they are CONSISTENT!!

Your NCB

SWIFT

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&&uestions

Answers