How do I become an ISO 20022 user in to SIC 3
How do I become an ISO 20022 user in euroSIC & SIC? – The path from SIC3 to SIC4 “Forum for Software Providers in Interbank Payment Traffic” Andreas Galle, SIX Interbank Clearing Ltd, Head Business Management 26 September 2013 Agenda 1. Phase 1: How do I become a SIC4 user? • • • • • What does SIC4 mean? Principles for the SIC4 go-live Preparation Documentation & training Organization & governance 2. Phase 2: How do I migrate to ISO 20022? • • Schedule for euroSIC & SIC What has to be done? Zurich, 26 September 2013 2 1. Phase 1: How do I become a SIC4 user? What does SIC4 mean? Zurich, 26 September 2013 3 SIC4 – Components, interfaces Key: LA WP SB Legacy Adapter Web portal Service bureau FA File adapter FI Financial institution MQA MQ adapter SA DS SWIFT adapter External system Zurich, 26 September 2013 4 Principles for the SIC4 go-live • Orchestrated bank tests will be conducted ahead of production start-up • Software providers for SIC/euroSIC gateways must successfully complete a defined test. The successful acceptance test will be attested, i.e. financial institutions will only have to subject this software to one connection test. • Acceptance of the SIC4 platform will be accompanied by an external auditor. • The transition from SIC3 to SIC4 will take place per service as a 'big bang'. All participants will connect to the new SIC4 system on day x. • There will be no changes for participants during the SIC4 go-live. Exception: The IP address must be adjusted. The financial institution should note that the IP addresses are to be activated in all affected productive frontend systems. Zurich, 26 September 2013 5 Preparatory activities • In order to ensure the fallback, SIC4 must be backwards compatible. New functions are still being built into SIC3. Functions that are being eliminated will be removed. There will still be a SIC3 release in 2013 and 2014. • Several new features will only be introduced with the SIC4 release in 2016. e.g. the functions via Web services Release 2016 will be implemented approx. 1 year after production start-up by SIC on the SIC4 platform, i.e. in autumn 2016. Zurich, 26 September 2013 6 Documentation & training • Documentation Same structure as for existing documentation, some of the names were changed: Technical Rules and Regulations Swiss Payments Rulebook SIC/euroSIC User Manual Swiss RTGS Handbook Implementation Guidelines for ISO 20022 Messages SEPA Credit Transfer Handbook Handbook for Payments via SWIFT Various user manuals • Trainings Will be offered as needed in the course of 2014 Possible topics: ISO 20022 mapping with SIC format New functionality via the Web portal (master data management, limits and queue management) Zurich, 26 September 2013 7 Organisation & governance • Test & integration team Plans the test activities & productive introduction of SIC4. • Deployment team Headed by the Head Operations Center, SIX Interbank Clearing. Implementation and execution of the planned activities. • PAP (Project and IT Process Steering Committee) Coordinates and accompanies the introduction. Assesses test results and recommends ‘go’ or ‘no-go’ for the SIC4 introduction to the SIX Interbank Clearing Board of Directors. • Decision-making and escalation committee: SIX Interbank Clearing Board of Directors Decides about the introduction date for SIC4 and acts as an escalation committee in the event of discrepancies between the stakeholders. Zurich, 26 September 2013 8 2. Phase 2: How do I migrate to ISO 20022? euroSIC planning overview Zurich, 26 September 2013 9 Roadmap ISO 20022 validation platform Zurich, 26 September 2013 10 Planning overview 2013 2014 2015 2016 2017 2018 2019 Validation platform: Tests by software publishers / SIC participants External Test Envir.: Tests by software publishers / SIC participants ISO 20022 guidelines available Rollout of new SW to SIC participants Migration ISO 20022 euroSIC End of live SIC standard Migr. ISO 20022 SIC Zurich, 26 September 2013 11 Schedule – When can I migrate to ISO 20022? • euroSIC: Migration to ISO 20022 is possible two months (fallback period) after euroSIC introduction. The date can be chosen in coordination with SIX Interbank Clearing Ltd. Migration is possible in stages per communication point (LUD). The gateway must continue to support the SIC format in addition to ISO 20022. • SIC: Migration to ISO 20022 is possible six months (fallback period) after SIC introduction. SIX Interbank Clearing Ltd to define 3-4 migration windows The windows will be assigned according to various criteria: The financial institution’s preference Transaction volume Allocation of the financial institution to the window Zurich, 26 September 2013 12 What must be done? 1/2 • Preparation for the release of your software that supports the ISO 20022 standard and the SIC format (SIC4 and SIC3). The migration to ISO 20022 can take place in stages. For example, outbound messages can still be in SIC format, while inbound messages are already transmitted in ISO 20022 format. The standard for outbound messages (to SIC) can be chosen dynamically. The standard for inbound messages (from SIC) must be stored in the master data. euroSIC & SIC can, but do not have to, be migrated at different times. • Implementation of the SIC3 releases in 2013 and 2014. • To be considered during planning is that release adaptations might also still be necessary during the roll-out. • Customers may have to adapt processes, e.g. for the reversal of payments. • Planning of the roll-out with customers and SIX Interbank Clearing Ltd. Zurich, 26 September 2013 13 What must be done? 2/2 • As a SWIFT gateway provider you need not do anything for SIC4, for the time being. SWIFT FIN will continue to be supported by SIC4. The end date for SWIFT FIN is not (yet) defined (> 2020). • The end date for the SIC format is mid-2018. • As an ERP software provider, the switchover of the customer/financial institution interface to ISO 20022 must be planned for. Switchover of the end-customers (debtors and creditors) by mid-2018 (end date for DTA) Introduction of the new uniform payment slip with QR code. An event will be hosted about this by the Migration PT CH Communication Working Group on 31 October 2013 (see www.migration-pt.ch). Zurich, 26 September 2013 14 Planning from the today’s perspective: Realization as of 2013, commissioning as of 2014, discontinuation of existing schemes by 2020 2013 Phases 2014 2015 Old messages (EUR) 2016 Old & new (EUR) Old messages (CHF) Credit transfers Operator Financial Institution (FI) FI customer Phases Slips Direct debits Old & new (CHF) 2018 2019 2020 New messages (pacs, pain & camt) Switchover of PT infrastructures 1) Conversion to pacs (EUR/CHF)2) Conversion to pain & camt (EUR/CHF) Conversion to pain & camt End of EGA-B service (EUR/CHF)3) Old slips Old & standard slip Financial institution (FI) FI customer Phases 2017 new Conversion to uniform slip Conversion to uniform slip Old scheme Old & new schemes New scheme 1st processing of credit transfers in EUR (mid-2015) and in CHF (mid- 2016) on the basis of ISO 20022 1st billing with the new uniform payment slip (3rd quarter 2018) 1st processing of direct debits based on ISO 20022 CH (3rd quarter 2016) The current procedures, standards and formats will no longer be supported / end dates: Credit transfers in interbank payment traffic (mid-2018) Credit transfers in customer-bank traffic (1st quarter 2018) Direct debits (mid-2018) Current orange (ISR) and red (IS) pay-in slips (1st quarter 2020) Operating phase Migration phase 1) “SIC4 – New SIC Architecture” project and the PostFinance infrastructure project 2) Including ECA-F, ISR & EPO for banks (as of 4th quarter 2015). 3) Migration date (mainly between 2015-2018) with regard to pain & camt is to be coordinated with your bank. Zurich, 26 September 2013 15 Thank you for your attention. Andreas Galle 26 September 2013 [email protected]
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