SWIFT & TARGET2 Event Name Name Date Agenda • • • • Concept of TARGET2 SWIFTNet services & interfaces SWIFT traffic pricing TARGET2 Services SWIFT registration scenarios • Where to find help Presentatio n title – dd month yyyy 2 – Confidentia 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 Indirect Participant TARGET2 Direct Participant SWIFTNet services TARGET2 Direct Participant SSP NCBs 3 Ancillary Systems Full set of core SWIFT messaging services TARGET2 Indirect Participants connected via TARGET2 direct participant Branch Non EU Bank settlement request TARGET2 Direct Participant SWIFTNet FileAct Indirect EU Bank SWIFTNet FIN payment message Real-time Store & Forward SWIFTNet InterAct TARGET Direct Participant authorisation/ refusal SWIFTNet FIN Copy SWIFTNet Browse On-line visualisation of information Real-time Ancillary systems NCBs 4 Full set of core SWIFT messaging services SWIFTNet FIN SWIFTNet Browse SWIFTNet messaging SWIFTNet InterAct SWIFTNet FileAct SWIFT's core store-and-forward messaging service. A secure, reliable, resilient, access controlled, structured store-andforward messaging service. Secure browsing with standard internet technologies. Appropriate for data exchange in thin-client browserbased financial solutions. To be used with SWIFTNet InterAct and 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 5 SWIFTNet FIN & FIN-Copy: payment processing SWIFTNet FIN Payment order 1 2 3 1 Payment Instruction MT103, 103+, 202, 204*) TARGET2 Direct Participant Settlement request (MT096) Y 4 - Copy TARGET2 Direct Participant 2 5 3 5 Settlement response (MT097) 4 Approved/Settled Payment Instruction received 5 Sender / receiver notification and reporting (Optional MT012, MT019, MT900, MT910, MT940, MT950 ) SWIFT Interface SSP Settlement Application 6 SWIFTNet Browse overview Service user Service provider SWIFTNet Workstation (running Alliance WebStation and a standard Browser) Web Server and SWIFTNet Link* 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 7 * Typically used in conjunction with Alliance Gateway SWIFTNet Browse overview SWIFTNet Browse transparently combines two communication mechanisms Service user HTTP-S channel only authenticates the system of the end user HTTPS SWIFTNet InterAct/FileAct Workstation Service provider Using nonmanaged Web certificates Using managed SWIFTNet PKI certificates Web Server +SNL InterAct / FileAct channel authenticates the end user 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. 8 SWIFTNet InterAct is used in real-time mode query & response Real-time query & response Used either in the context of person-to-application solutions (with All. Webstation) or application-to-application (with All. Gateway) • 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… 9 The SWIFT XML Cash Management standards Advice Statement GetAccount GetTransaction ModifyTransaction CancelTransaction GetLimit ModifyLimit DeleteLimit GetReservation ModifyReservation DeleteReservation GetMember ModifyMember GetBusinessDayInformation GetCurrencyExchangeRate GetGeneralBusinessInformation LiquidityCreditTransfer LiquidityDebitTransfer BackUpPayment ModifyStandingOrder Receipt & & ReturnAccount ReturnTransaction & Return Limit & ReturnReservation & ReturnMember & & & ReturnBusinessDayInformation ReturnCurrencyExchangeRate ReturnGeneralBusinessInformation 10 SWIFTNet FileAct real-time and store-andforward • FileAct Real Time and store-and-forward used for: – Reporting – Directory distribution Store-andforward file transfer Store Real-time file download Used Typically used to reach a large number of counterparties & Forward: TARGET2 sender of files (TARGET2 Directory updates) Typically used in the context of person-toapplication solutions (with SWIFTNet Browse) by TARGET2 participants to pull TARGET2 directory 11 Accessing TARGET2 ICM access mode User-to-Application ICM user profile Any user * Alliance Access/ Entry users Alliance WebStation or Alliance Gateway / WebStation concentration Application-toApplication Alliance Gateway Single Window Alliance Starter Set * It is assumed user is already a SWIFTNet FIN user 12 SWIFTAlliance Gateway – Licensing & pricing ‘An easy step approach’ 16,000$ 6,500$ Profile 1 : “WebStation Concentration” SWIFTAlliance Starter Set Benefits : -FileAct out-of-the box -1 concurrent user Profile 2 : “Automated “ Benefits : -Flexible SAB deployment -From 5 till 320 concurrent users 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 7,500$ (5 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 13 Agenda • • • • SWIFTNet services & interfaces SWIFT traffic pricing Ordering steps SWIFT help & education Presentatio n title – dd month yyyy 14 – Confidentia SWIFT Traffic Pricing for TARGET2 FIN User-to-user pricing • Fixed price of 5.65 eurocent per chargeable unit, country independent Standard billing • FIN from and to Market Infrastructure • Fixed price of 5.65 eurocent per chargeable unit, country independent Reverse billing • FIN Copy pricing • • • Y-copy Price dependent on total volume of daily copies of MI Reverse billing SN Browse SWIFTNet InterAct or FileAct • • • • • Yearly fee depending on number of service end-users Reverse billing Global tier of Sender International traffic Reverse billing 15 Agenda • • • • SWIFTNet services & interfaces SWIFT traffic pricing Ordering steps SWIFT help & education 16 TARGET2 Services registration scenarios www.swift.com – Ordering – Products and Services – TARGET2 service 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. 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-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 CUGcategories 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 Service subscription e-ordering process Customer NCB Service Administrator 1 www.swift.com TARGET2 form Approval page Approval page FIRST Discuss with your National Bank 2 ACK Validation 3 4 5 7 6 Provisioning 8 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 Where to find help ? https://target2.ecb.int National Central Bank www.swift.com www.swift.com • Contact details of Network Providers and Business Partners • SWIFT on-line support and FAQ’s • Updates on vendor initiatives, activities and status 28 Q&A 29 Thank you 30
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