fin copy presentation participant bdlclbbx v2

Juan Sevilla

Community Initiatives

NPS Lebanon

FIN Copy Implementation for Participants

20 July 2011

FIN & FIN Copy concept

Closed User Group

Service Profile & Message Matrix

Message Flow

Implementation Schedule

Supporting FIN Copy

AGENDA

Presentation title – dd month yyyy – Confidentiality: xxx 3

FIN and FIN Copy Concepts

FIN & FIN Copy concept

FIN

FIN Copy

• FIN is SWIFT's core store-and-forward

messaging service.

• FIN enables over 8,300 financial

institutions in more than 200 countries to

exchange financial data securely, cost

effectively and reliably.

• FINCopy is a value added feature of FIN

that enables the sender of a message to

trigger a copy to a third party for

authorisation or further processing.

• FINCopy provides the ideal solution for

the monitoring of bilateral financial

transactions by a central institution

5

What is FINCopy – Y copy?

• Value added message copyingto central institution

• Operates in Y-copy mode :– „store-copy-authorize-forward‟

• Operates between 3 parties:– Sending institution (ordering)

– Central institution(clearing, netting or settlement)

– Receiving institution (beneficiary)

6

Use of FIN Copy for RTGS Payment Order

SenderReceiver

Service Administrator

FIN

DLP

FINCopy CUG

FINCopy

Payment order

7

Use of FIN Copy for RTGS Settlement Request

SenderReceiver


FIN

DLP

FINCopy CUG

FINCopy

Payment order

SettlementRequest(MT096)

8

FIN Copy for RTGS Authorisation

SenderReceiver


FIN

Authorisation

MT097

DLP

FINCopy CUG

FINCopy

Sender notification

MT012

Payment order


Approved / SettledPayment order

9

FIN Copy Rejection

SenderReceiver


FIN

Rejection

MT097

DLP

FINCopy CUG

FINCopy

Abort notification

MT019

Payment order


10

FIN Copying services: FINCopy options

SenderReceiver


FIN

Copy

Authorisation/

Refusal (Y-Copy)

DLP

FINCopy CUG

FINCopy

Abort notification

MT012 or MT019

Information to receiver

Added to original messageInformation to sender

MT 096 FIN Copy

to Central Institution Message

Basic Header

Application Header

User Header

Trailer Block

Envelope

Text Block

“Basic Header

Application Header

User Header

Text (some or all fields)

Trailer block”Full or partial Copy

of original Message

MT 097 FIN Copy Message

Authorisation/Refusal Notification

Basic Header

Application Header

User Header

Trailer Block

Envelope

Text Block

“FIN Copy Service Identifier Code : DLP

MRF Trailer from MT 096

Acceptance/Rejection Code

Abort Reason

Information for sender

Information for receiver”O

M

M (if codeword „Reject‟, otherwise

not present)

PowerPoint Toolkit – 23 October 2008 – Confidentiality: restricted 13

Closed User Group

Closed User Group

• SWIFT services are for members of the Closed User

Group or CUG.

• Sub-group within SWIFT

• Access only for authorised institutions and

recognised message types

• Controlled by Central Institution or Service

Administrator

CentralApplication

1

2

4

5

1 Payment Instruction

3 Authorisation response

4Final Payment Instruction received

5

Sender notification and reporting (Optional)

2 Authorisation request

3

SWIFT

Interface

FINCopy overview

SWIFTNet

CentralInstitution

Bank A Bank B

15

Y- Copy

5

6 Access to CUG Members only

6


Service Profile and Message Matrix

DLP Service Profile - Summary

Service Identifier Code : DLP

FIN Copy Mode : Y

Copy : Partial

Currency Check No

Field(s) to be copied 20, 13c, 32a, 52a, 53a, 72

Authentication Mode : normal

CID – Live : BDLCLBBA

CID – T&T : ZYAALBB0

Sender Notification : Individual use

Message Types to copy : MT 103 & MT 202

RMA Bypass No

Received

Sent

Fin Copy

Participants

Service

Administrator

BIC

Fin Copy

Participants

MT103, MT 202, MT192, MT202,

MT292, MT298,

MT598, MT920

Service

Administrator

BIC

MT192, MT202,

MT292, MT298,

MT598, MT920

Not applicable

CUG Matrix

RMA needed for :

-all flows

-all messages

FIN Copy Message restriction

MT

message

Fields tags

MT 103 20, 13c, 32a, 52a, 53a, 72

MT 202 20, 13c, 32a, 52a, 53a, 72

FINCopy – Field Tags to be copied


Message Flow

Example:

• FIN Copy Server Identification code is : DLP• Double authentication• Amount : USD 10000,00 • SENDLBBX & RCVRLBBE• Ordering Customer & Beneficiary Customer• Full copy

• 2 scenarios – Authorized Message– Message rejected

BANK

MESSAGE FLOW: 202 - as sent

Bank A

Signature Block

generated by the

service administrator

{1:F01SENDLBBXXXX01234123456}

{2:I202RCVRLBBEXXXU}

{3:{103:DLP}{108:MUR}}

{4:

:20: SREF

:32A: 090310USD10000,00:

52a: Ordering Institution

53a: Sender‟s Correspondent

56a: Account With Institution

54a: Receiver‟s Correspondent

58a: Beneficiary Institution

-}

{CHK:123456789ABC}}

< signature block >

FIN COPY

Service Identifier Code

MUR: Message User

Reference copied to the

CI within the MT096

{1:F01BANKBEBBXXX0246000987}

{2:O0961200000920DYLPXXXXEXXX0019

1399900009201200S}

{3:{103:DLP}{108:RCVRLBBE1200456}}

{1:F01SENDLBBXXXXX01234123456}

{2:I100RCVRLBBEXXXXU}

{3:{103:DLP}{108:MUR}}

{4:

:20: SREF

:32A: 090310USD10000,00:


53a: Sender’s Correspondent

-}

{5:

{MRF:030711120000000920SENDLBBXXXX

01234123456} } }

{5:{CHK:987654321ABC}{SYS:1200000920

RCVRLBBEXXX01234123456}}

< signature block >

MESSAGE FLOW: MT096

Envelope

Text Fields of MT202

Partial Copy

Header of

MT 202

User Message reference trailer

inserted by FIN Copy from info of 103

MESSAGE FLOW: MT 097 - Authorised Msg

{1:F01BANKLBBXXXX0246123456}

{2:I097SWFTXXXXXXXXS}

{4:

{103:DLP}

{109:030711120000000920SENDLBBXXXX

01234123456} } }

}

{451:0}

{114:AUTH REF 123456}

{115:SETTLEMENT REF 123456}

}

{5:

{CHK:246135789FED}}

< signature block >

Accept / reject field: 0= Accepted

Information from SA to Sender Bank

Information from SA to Receiver Bank

MESSAGE FLOW: MT202 - as received

{1:F01RCVRLBBEXXX124123456}

{2:O202200990809SENDLBBXXXX01230004569908021205U}

{3:{103:DLP}{108:MUR}}

{115:Settlement ref 123456}}

{4:

:20: SREF

:32A: 090310USD100000,00:


53a: Sender‟s Correspondent

-}

{5

{CHK:123456789ABC}}

<signature block>

FIN COPY

Service Identifier Code

MUR: Message User

Reference copied to the

CI within the MT096

MESSAGE FLOW: MT 097 - Rejected Msg

{1:F01RCVRLBBEXXX0246123456}

{2:O2021200990809SENDLBBXXXX01230004569908021205U}

{4:

{103:DLP}

{109:030711120000000920SENDLBBXXXX1234123456}

{451:1}

{432:66}

}

{5:

{CHK:246135789FED}}

< Signature Block >

Accept / Reject Field: 1 = Rejected

Abort reason code from MT097

MESSAGE FLOW: MT 019 - Abort Notification

{1:F01SENDLBBXXXX0247000888}

{2:O019SWFTXXXXXXXXS}

{4:

{175:1200}

{106:SENDLBBXXXX1234123456}

{102:RCVRLBBE}

{432:66}

}

{5:

{CHK:123456789ABC}{SYS:1205990802BANKLBBXXXX0246123456}

Abort reason code

Copied from MT 097

Summary

Gateway 7.0 for Technical Sales - September 09

Implementation Schedule

RTGS Implementation Plan - Summary

Read FIN Copy

Service description

Online

e-Order subscript-

ion

Upgrade to Snet 7.0 & IinstallFINCopy

Patch

Exchange RMA

Messages

Start FIN Copy

testing with t&t BIC

Perform testing with

live BIC

Full RTGS in Live Mode

Administ-rator and Member training

Implementation schedule

Read the

FIN Copy

documentation

Upgrade your

CBT for FIN

Copy

Exchange RMA with BDLCLBBA,

BDLCLBBC &

BDLCLBBG

Pilot User

Start FIN Copy

testing

Perform testing

with live

destinations

Full RTGS in

Live Mode

User seminar

Pilot User

Register to FIN

Copy Service

Week

July 18To be Confirmed by

Central Bank

Upgrade to

SNET 7.0

All User

Start FIN Copy

testing

Week

July 25

Week

Aug 1st

FIN Copy ordering for participants

Standard procedures and

forms for participants :

• Online Registration process

via www.swift.com

Pilot Users registration as of week July 25

Keeping the members informed

From the Central Institution• Roadshow• Website

From SWIFT• FIN Copy Service Description• UHB (user Hand Book)• Interface documentation

Upgrade your CBT

SWIFT Interface• Follow FIN Copy Patch download

procedure on swift.com

Non SWIFT interface customers:

Please contact your interface

vendor to receive the necessary

information

Pilot Users patch installation as of week of Aug 1st.

FIN Copy patch download procedure on swift.com

RTGS Implementation Plan - Summary

39

Date Action

Week July 18 Read FIN Copy Service description

Week July 25 Pilot Users - Online RTGS subscription

Week Aug 1st Upgrade your FIN Interface (CBT) with DLP patch

Week Aug 1st Snet 7 Upgrade of your Infrastructure

Week Aug 1st Start RMA exchange with BDL BICs

BDLCLBBA, BDLCLBBC & BDLCLBBG

Dates

to be

confirmed

by BDL

Pilot Users - Start FIN Copy testing

All Users - Start FIN Copy testing

All users - Perform testing with live BIC

Full RTGS in Live Mode


Supporting FINCopy

Online support

Supporting FIN Copy

Customer Services Centre

FIN: SWHQNLNL / SWHQUS33 / SWHQHKHH

E-mail: [email protected]

Website: www.swift.com (support)

Tel:

Europe: Tel: +31 71 582 2822

Hong Kong: Tel: +852 2 852 8777

Japan: Tel: +81 3 5223 7456

United States: Tel: +1 540 825 6056

44

?Q & A

Thank you

45

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