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)

10

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