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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. Concept of TARGET2. TARGET2 Indirect Participant. “Single platform” system

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swift target2

SWIFT & TARGET2

Event Name

Name

Date

agenda
Presentation title – dd month yyyy – Confidentiality: xxxAgenda
  • Concept of TARGET2
  • SWIFTNetservices & interfaces
  • SWIFT traffic pricing
  • TARGET2 Services SWIFT registration scenarios
  • Where to find help
concept of target2
Concept of TARGET2

TARGET2 Indirect Participant

  • “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

SWIFTNet

services

TARGET2 Direct

Participant

TARGET2 Direct

Participant

SSP

NCBs

Ancillary Systems

full set of core swift messaging services
Full set of core SWIFT messaging services

TARGET2 Indirect Participants connected via TARGET2 direct participant

SWIFTNet FIN

payment message

Branch

TARGET Direct Participant

TARGET2 Direct Participant

settlement

request

authorisation/

refusal

Non EU Bank

SWIFTNetFileAct

Real-time

Store & Forward

SWIFTNet FIN Copy

Indirect

EU Bank

SWIFTNet Browse

On-line visualisationof information

SWIFTNetInterAct

Real-time

Ancillary

systems

NCBs

full set of core swift messaging services5
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 FIN

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 messaging

Secure, reliable, and STP-oriented. Appropriate for exchange of individual structured financial messages and short reports.

SWIFTNetInterAct

Secure, reliable, and flexible. Appropriate for exchange of files and batches of structured financial messages and large reports

SWIFTNetFileAct

swiftnet fin fin copy payment processing
SWIFTNet FIN & FIN-Copy: payment processing

SWIFTNet

FIN

Payment

order

1

4

Y- Copy

Payment Instruction MT103, 103+, 202, 204*)

1

TARGET2 Direct Participant

TARGET2 Direct Participant

2

2

Settlement request

(MT096)

5

5

3

3

Settlement response

(MT097)

SWIFT

Interface

4

Approved/SettledPayment Instruction received

SSP

5

Sender / receiver notification and reporting (Optional MT012, MT019, MT900, MT910, MT940, MT950 )

Settlement

Application

swiftnet browse overview
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

* Typically used in conjunction with Alliance Gateway

swiftnet browse overview swiftnet browse transparently combines two communication mechanisms
SWIFTNet Browse overviewSWIFTNet Browse transparently combines two communication mechanisms

HTTP-S channel only authenticates the system of the end user

Service user

Service provider

Using non-managed Web certificates

HTTPS

Web Server +SNL

Using managed SWIFTNet PKI certificates

SWIFTNetInterAct/FileAct

Workstation

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.

swiftnet interact is used in real time mode query response
SWIFTNetInterAct 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)

Real-time

query & response

the swift xml cash management standards
The SWIFT XML Cash Management standards

AdviceStatement

GetAccount & ReturnAccount

GetTransaction & ReturnTransaction

ModifyTransaction

CancelTransaction

GetLimit & Return Limit

ModifyLimit

DeleteLimit

GetReservation & ReturnReservation

ModifyReservation

DeleteReservation

GetMember & ReturnMember

ModifyMember

GetBusinessDayInformation & ReturnBusinessDayInformation

GetCurrencyExchangeRate & ReturnCurrencyExchangeRate

GetGeneralBusinessInformation & ReturnGeneralBusinessInformation

LiquidityCreditTransfer

LiquidityDebitTransfer

BackUpPayment

ModifyStandingOrder

Receipt

21

messages

swiftnet fileact real time and store and forward
SWIFTNetFileAct real-time and store-and-forward
  • FileAct Real Time and store-and-forwardused for:
    • Reporting
    • Directory distribution

Store-and-forward file transfer

Typically used to reach

a large number of counterparties

  • Store & Forward: TARGET2 sender of files (TARGET2 Directory updates)

Typically used in the context of person-to-application solutions (with SWIFTNet Browse)

Real-time

file download

  • Used by TARGET2 participants to pull TARGET2 directory
accessing target2
Accessing TARGET2

Application-to-Application

User-to-Application

ICM access

mode

ICM

user profile

Any user *

Alliance WebStationor

Alliance Gateway /

WebStation concentration

Alliance

Gateway

Single Window

Alliance

Access/

Entry

users

Alliance Starter Set

* It is assumed user is already a SWIFTNet FIN user

swiftalliance gateway licensing pricing an easy step approach

Profile 3:

  • “Single Window”
  • Benefits:
  • -Can reside in DMZ
  • -Scalability & resource
  • optimisation
  • Resilience
  • Off-the-shelf application integration using Agents
  • (FTA or TDA)
  • -Flexible SABdeployment
  • From 5 till 320 concurrent users
  • Price:
  • Starts at 30,000$ (5 Users, 1 Agent, 1 Host Adapter)
  • +
  • Traffic licence

16,000$

6,500$

  • 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 1 :
  • “WebStation Concentration”
  • Benefits:
  • -Flexible SAB deployment
  • From 5 till 320 concurrent users
  • Price :
  • Starts at 7,500$ (5 users)
  • SWIFTAlliance
  • Starter Set
  • Benefits:
  • -FileAct out-of-the box
  • 1 concurrent user
SWIFTAlliance Gateway – Licensing & pricing ‘An easy step approach’
agenda14
Presentation title – dd month yyyy – Confidentiality: xxxAgenda
  • SWIFTNet services & interfaces
  • SWIFT traffic pricing
  • Ordering steps
  • SWIFT help & education
swift traffic pricing for target2
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

SWIFTNetInterAct or FileAct

SN Browse

  • Global tier of Sender
  • International traffic
  • Reverse billing
  • Yearly fee depending on number of service end-users
  • Reverse billing
agenda16
Agenda
  • SWIFTNet services & interfaces
  • SWIFT traffic pricing
  • Ordering steps
  • SWIFT help & education
target2 services registration scenarios
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
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 4 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 6 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
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

slide25

Service subscription e-ordering process

Customer

NCB

Service Administrator

1

TARGET2

form

Approval

page

Approval

page

www.swift.com

FIRST

DiscusswithyourNational

Bank

7

2

5

Validation

6

ACK

4

3

Provisioning

8

customer order on line tracking
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
Testingand live

TESTING

  • Exchange authorisationswith TARGET2 Test BIC TRGTXEP0
  • SWIFT activates TARGET2 services in Test mode
  • Start testingaccording to the test cases/scenarios as prepared by your National Bank

LIVE

  • Subscribe to the Live TARGET2 service on swift.com
  • Exchange authorisationswith TARGET2 live BIC TRGTXEPM
  • SWIFT activates TARGET2 services in Live mode
where to find help
Where to find help ?

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