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SWIFT & TARGET2Event Name
Name
Date
2
Agenda
• Concept of TARGET2• SWIFTNet services & interfaces• SWIFT traffic pricing• TARGET2 Services
SWIFT registration scenarios• Where to find help
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 DirectParticipant
NCBs Ancillary Systems
TARGET2 DirectParticipant
TARGET2 Indirect Participant
SWIFTNet services
SSP
4
TARGET2 Direct Participant
SWIFTNet FIN Copy
settlementrequest
authorisation/
refusal
SWIFTNet InterAct
Real-time
SWIFTNet FileActReal-time
Store & Forward
Full set of core SWIFT messaging services
SWIFTNet FINpayment message
SWIFTNet BrowseOn-line visualisationof information
NCBs
Ancillary
systems
TARGET Direct Participant
TARGET2 Indirect Participants connected via TARGET2 direct participant
Branch
Indirect
EU Bank
Non EU Bank
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
SWIFTNet FIN & FIN-Copy: payment processing
11Payment Instruction MT103, 103+, 202, 204*)
33 Settlement response(MT097)
44 Approved/SettledPayment Instruction received
55 Sender / receiver notification and reporting (Optional MT012, MT019, MT900, MT910, MT940, MT950 )
22 Settlement request(MT096)
SettlementApplication
SWIFTInterface
Paymentorder
Y- Copy
11
22
44
5533 55
TARGET2 Direct Participant
TARGET2 Direct Participant
SSP
SWIFTNet FIN
7
SWIFTNet Browse overview
Service user
Workstation(running Alliance WebStation
and a standard Browser) Web Server andSWIFTNet 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 provider’s web server
* Typically used in conjunction with Alliance Gateway
SWIFTNet
8
SWIFTNet Browse overviewSWIFTNet 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
SWIFTNetInterAct/FileAct Using managed
SWIFTNet PKI certificates
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)
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The SWIFT XML Cash Management standards AdviceStatementGetAccount & ReturnAccountGetTransaction & ReturnTransaction ModifyTransaction CancelTransaction GetLimit & Return Limit ModifyLimit DeleteLimitGetReservation & ReturnReservationModifyReservationDeleteReservationGetMember & ReturnMember ModifyMember GetBusinessDayInformation & ReturnBusinessDayInformationGetCurrencyExchangeRate & ReturnCurrencyExchangeRateGetGeneralBusinessInformation & ReturnGeneralBusinessInformationLiquidityCreditTransferLiquidityDebitTransferBackUpPaymentModifyStandingOrder Receipt
21messages
21messages
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
Accessing TARGET2
User-to-ApplicationApplication-to-
Application
Any user *
Alliance Access/
Entryusers
Alliance WebStationor
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
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
SWIFTAllianceStarter Set
Benefits :-FileAct out-of-the box- 1 concurrent
user
6,500$
16,000$
14
Agenda
• SWIFTNet services & interfaces• SWIFT traffic pricing• Ordering steps• SWIFT help & education
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
Agenda
• SWIFTNet services & interfaces• SWIFT traffic pricing• Ordering steps• SWIFT help & education
TARGET2 Services registration scenarios www.swift.com – Ordering – Products and Services – TARGET2 service
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 Module
Scenario 3 I subscribe to Information and Control Module + Home Accounting Module
Scenario 4 I subscribe to Information and Control Module + Central Bank Customers CUG
Scenario 5 I 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.
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
e-MSSF for TARGET2 Service Subscription (2/7)
e-MSSF for TARGET2 Service Subscription (3/7)
e-MSSF for TARGET2 Service Subscription (4/7)
Only use the “Advanced” button if you want to register additional DNs to the service.
e-MSSF for TARGET2 Service Subscription (5/7)
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.
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
www.swift.com TARGET2 form
NCB Service Administrator
Approval page
Approval page
2
1
45
6
7
8
Customer
Service subscription e-ordering process
Validation
3Provisioning
FIRST
Discuss with your National
BankACK
Customer Order on-line tracking• Online facility accessible from the ‘ordering’ section on www.swift. 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?”
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
Where to find help ?
• Contact details of Network Providers and Business Partners
• SWIFT on-line support and FAQ’s
• Updates on vendor initiatives, activities and status
www.swift.com
29
Q&A
30
Thank you
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