slide 1 fin copy seminar, albanian interbank payment system. tirana, albania: 05 september 2003...
TRANSCRIPT
Slide 1
Fin Copy Seminar, Albanian Interbank Payment System.
Tirana, Albania: 05 September 2003 FinCopy_CUG_v1.ppt
FIN Copy and Closed User Group
Ali Bakhtaoui
Customer Services
Slide 2
AGENDA
FIN & FIN Copy concept
Closed User Group
Service Profile & Message Matrix
Message Flow
Implementation Schedule
Fallback Connectivity
Supporting FIN Copy
Slide 3
AGENDA
FIN & FIN Copy concept Closed User Group
Service Profile & Message Matrix
Message Flow
Implementation Schedule
Fallback Connectivity
Supporting FIN Copy
Slide 4
FIN & FIN Copy concept
FIN
User BUser A
FIN Copy
CentralInstitution
User A User B
Slide 5
What is FIN Copy?
Value added message copyingto central institution
Operates in Y-copy mode :– ‘store-copy-authorise-forward’
Operates between 3 parties:– Sending institution (ordering)– Central institution
(clearing, netting or settlement)– Receiving institution (beneficiary)
TY
Slide 6
Use of FIN Copy for RTGS Payment Order
SWIFT FINNetwork
Y- CopyBank A Bank B
CentralInstitution
Payment order(MT103, 102, 202, 205)
Slide 7
Use of FIN Copy for RTGS Settlement Request
Payment order
Bank A Bank B
CentralInstitution
SettlementRequest(MT096)
Y- Copy
SWIFT FINNetwork
Slide 8
FIN Copy for RTGS Authorisation
Payment order
Y- CopyBank A Bank B
CentralInstitution
SettlementRequest(MT 096)
Approved / SettledPayment order
Authorisation (MT 097)
SWIFT FIN Network
Slide 9
FIN Copy Rejection
Payment order
Bank A Bank B
CentralInstitution
SettlementRequest(MT 096)
Rejection(MT 097)
AbortNotification(MT 019)
Y- Copy
SWIFT FINNetwork
Slide 10
MT 096 FIN Copy to Central Institution Message
Basic HeaderApplication HeaderUser Header
Trailer Block
Envelope
Text Block“Basic HeaderApplication HeaderUser HeaderText (some or all fields)Trailer block”
Copy of original Message
Slide 11
MT 097 FIN Copy Message Authorisation/Refusal Notification
Basic HeaderApplication HeaderUser Header
Trailer Block
Envelope
Text Block“FIN Copy Service Identifier Code : AIPMRF Trailer from MT 096Acceptance/Rejection Code
Abort Reason
Information for senderInformation for receiver”
O
M
M (if codeword ‘Reject’, otherwise not present)
Slide 12
FIN Copy Authentication
Y- CopyBank A Bank B
CentralInstitution
PAC1: A to Central Institution Destination
MAC: A to B
SWIFT FINNetwork
Live :STANALTAA
T&T : ZYAAALT0
PAC2: Central Institution Destination to B
Slide 13
AGENDA
FIN & FIN Copy concept
Closed User Group
Service Profile & Message Matrix
Message Flow
Implementation Schedule
Fallback Connectivity
Supporting FIN Copy
Slide 14
Closed User Group
Sub-group within SWIFT Access only for authorised institutions and
recognised message types Controlled by Central Institution Reduced cost membership
for access to the paymentclearing only
Slide 15
FIN Copy Closed User Group
SettlementApplication
SWIFTInterface
SWIFT FINNetwork
Paymentorder
Y- Copy
CentralInstitution
Bank B
1
2
4
53
Bank A
5
Slide 16
FIN Copy - Summary
SettlementApplication
SWIFTInterface
SWIFT FINNetwork
Paymentorder
Y- Copy
CentralInstitution
Bank B
1
2
4
5
1 Payment Instruction
3 Settlement response
4Final Payment Instruction received
5Sender / receiver notification and reporting
2Settlement request 3
Bank A
5
Slide 17
AGENDA
FIN & FIN Copy concept
Closed User Group
Service Profile & Message Matrix
Message Flow
Implementation Schedule
Fallback Connectivity
Supporting FIN Copy
Slide 18
Service Profile
Service Identifier Code : FIN Copy Mode : Copy : Authentication Mode : CID – Live : CID – T&T : Currency check : Sender Notification : Message Types to copy : Field & Tags to copy :
AIP
Y
Partial
Double
STANALTA
ZYAAALT0
ALL
Individual use
MT103, MT 102, MT 202,MT 205
20, 32A (or B),72
Slide 19
Message matrix
Fin CopyParticipants
& PSPA
Fin CopyParticipants
& PSPA
ServerDestinations
ServerDestinations
MTs 900, 910,941, 942, 950, 999
MTs 900, 910,941, 942, 950, 999
MTs 102, 103,202, 205
From
To
Slide 20
AGENDA
FIN & FIN Copy concept
Closed User Group
Service Profile & Message Matrix
Message Flow Implementation Schedule
Fallback Connectivity
Supporting FIN Copy
Slide 21
MESSAGE FLOW: MT103 - as sent
{1:F01SENDALTAXXX01234123456}{2:I103RECVALTAXXXXU}{3:{103:AIP}{108:MUR}}{4::20: SREF:32A: 030905ALL100000,00:50K: ORDERING CUSTOMER:59:/123456BENEFICIARY CUSTOMERADDRESS:71A:SHA-}{5:{MAC:12AB34CD}{PAC:34CD56EF}{CHK:123456789ABC}}
Bank A
Slide 22
MESSAGE FLOW: MT103 - as sent
{1:F01SENDALTAXXX1234123456}{2:I103RECVALTAXXXXU}{3:{103:AIP}{108:MUR}}{4::20: SREF:32A: 030905ALL100000,00:50K: ORDERING CUSTOMER:59:/123456BENEFICIARY CUSTOMERADDRESS:71A:SHA-}{5:{MAC:12AB34CD}{PAC:34CD56EF}{CHK:123456789ABC}}
Bank A
FIN COPY Service Identifier
Code
Message User Reference
copied to the CI within the MT
096
PAC Trailerbased on BKE between
Sender bank and CI
Slide 23
MESSAGE FLOW: MT096{1:F01STANALTAXXX0246000987}{2:O0961200000920DYLPXXXXEXXX00191399900009201200S}{3:{103:AIP}{108:RECVALTA1200456}}{4:
{1:F01SENDALTAXXXX01234123456}{2:I100NATHLKAXXXXU}{3:{103:AIP}{108:MUR}}{4::20: SREF:32A: 030905ALL100000,00-} {5:{MAC:12AB34CD}{PAC:34CD56EF}{CHK:123456789ABC}}{MRF:030319120000000920SENDALTAXXX01234123456} } }
{5:{CHK:987654321ABC}{SYS:1200000920RECVALTAXXX01234123456}}
Envelope
copied from the MT 103
header of MT 103
copied from the MT 103
Text fields of MT 103
copied from the MT 103
User message reference trailer : inserted by FIN
Copy containing information from MT 103
Slide 24
MESSAGE FLOW: MT 097 - Authorised Msg
{1:F01STANALTAXXX0246123456}{2:I097SWFTXXXXXXXXS}{4:{103:AIP}{109:030319120000000920BANKLLKLAXXX01234123456} } }}{451:0}{114:AUTH REF 123456}{115:SETTLEMENT REF 123456}}{5:{PAC:A1B2C3F4}{CHK:246135789FED}}
copied from the MT 103
User messagereference
copied fromthe MT 096
Accept/Reject Field 0=Accepted
Info from CI to Sender bank
Info from CI to Receiver bank
New PAC trailer : calculated between CI and Receiver bank
Slide 25
MESSAGE FLOW: MT103 - as received{1:F01RECVALTAXXX124123456}{2:O1031200990809SENDALTAXXX012300
04569908021205U}{3:{103:AIP}{108:MUR}}{115:Settlement ref 123456}}{4:20: SREF:32A: 030905ALL100000,00:50K: ORDERING CUSTOMER:59:/123456BENEFICIARY CUSTOMERADDRESS:71A:SHA-}{5:{MAC:12AB34CD}{PAC: A1B2C3F4}{CHK:123456789ABC}}
Bank B
FIN Copy Service
Identifier Code
MUR - copied from the MT 096
Info from CI - copied
from MT 097
PAC Trailer - copied from
MT 097
Slide 26
MESSAGE FLOW: MT 097 - Rejected Msg
{1:F01RECVALTAXXX0246123456}{2:O1031200990809SENDALTAXXX01230004569908021205U}{4:{103:AIP}{109:030319120000000920SENDALTAXXX1234123456} {451:1}{432:66}}{5:{PAC:A1B2C3F4}{CHK:246135789FED}}
Accept/Reject Field 1=Rejected
Abort reason codecopied from MT
097
PAC : NEW PAC trailercalculated by the CI, based on BKE between CI and Receiver bank
Slide 27
MESSAGE FLOW: MT 019 - Abort Notification
{1:F01SENDALTAXXX0247000888}{2:O019SWFTXXXXXXXXS}{4:
{175:1200}{106:SENDALTAXXX1234123456} {102:RECVALTA}{432:66}}{5:{CHK:123456789ABC}{SYS:1205990802STANALTAXXX0246123456}
Identification of original payment
message
Abort reason codecopied from MT
097
Slide 28
AGENDA
FIN & FIN Copy concept
Closed User Group
Service Profile & Message Matrix
Message Flow
Implementation Schedule
Fallback Connectivity
Supporting FIN Copy
Slide 29
Implementation schedule
Receive the information
package
Read the FIN Copy
documentation
Upgrade your CBT for FIN
Copy
Return the completed forms to the Central
Institution for approval : FIN Copy Undertakings (2)
& Service Form (1)
Exchange of T&T keys with CID :
ZYAAALT0(as of now)
Start FIN Copy testing
Exchange of Live keys with CID :
STANALTA(as of
15/12/2003)Perform testing with live
destinations to ensure proper
set-up
Full RTGS in
Live Mode(TBC)
Slide 30
FIN Copy Forms for participants
Standard procedures and forms for participants :
– FIN Copy Undertaking (2*) Form
– Service Form
Slide 31
FIN Copy Undertaking
Slide 32
Service Form Page 1
Slide 33
Service FormPage 2
Slide 34
Service FormPage 3
Slide 35
Service FormPage 4
Slide 36
Service FormPages 5 & 6
Slide 37
Keeping the members informed
From the Central Bank
Service Profile Project plan Emergency
scenarios
From SWIFT
FIN Copy Service Description Book
UHB Interface
Documentation
Slide 38
Upgrade your CBT
SWIFT interface customers: swift.com download procedure
Non SWIFT interface customers: please contact your interface vendor.
All interface vendors have received the service profile for this FIN Copy service.
Slide 39
FIN Copy patch download procedure
Slide 40
FIN Copy patch download procedure
Slide 41
FIN Copy patch download procedure
Slide 42
FIN Copy patch download procedure
Slide 43
RTGS Implementation Plan - Summary
Read FINCopy Service description Return the Completed Forms (service & Undertaking forms) - 05/09/2003
Upgrade your Interface (CBT) Exchange of T&T keys with CID: ZYAAALT0 - 20/09/2003
Start FIN Copy testing - 22/9/2003
Exchange of Live keys with the CID: STANALTA - 13/12/2003
Perform testing with live BIC (as per Central Institution requirements) -15/12/2003
Full RTGS in Live Mode TBC
Slide 44
AGENDA
FIN & FIN Copy concept
Closed User Group
Service Profile & Message Matrix
Implementation Schedule
Message Flow
Registration Forms
Fallback Connectivity
Supporting FIN Copy
Slide 45
Fallback Connectivity
Mandatory tests to improve the readiness of customers and protect the financial community
SWIFT customers must be able to send and receive messages every day without fail.
Slide 46
Fallback Connectivity
1. Market Infrastructures Customers
2. Top 100 (based on msg volume)
3. Top 101 to 500
4. All others
Every 3 months (1 & 2)
Every year (3 & 4)
Who ?
When ?
Slide 47
Fallback Connectivity
How ? How ?
Minimum a successful Login to SWIFT network for each live BIC8 via a backup SWIFT access point
Slide 48
Fallback Connectivity
What ?
– Once the Service is in Live mode, SWIFT will contact the Central Institution
– MT 999 to each individual BIC8 which is member of the Service, informing them of their obligation to do this test every 3 months starting at (date).
Slide 49
Fallback Connectivity
What ?
– Tracking customers who do not use multiple SAPs for accessing SWIFT as normal practice
– Notifying customers who do not demonstrate fallback connectivity capability
– Escalation to Operations Committee
Slide 50
AGENDA
FIN & FIN Copy concept
Closed User Group
Service Profile & Message Matrix
Implementation Schedule
Message Flow
Registration Forms
Fallback Connectivity
Supporting FIN Copy
Slide 51
Online support
Slide 52
Supporting FIN Copy
Customer Services Centre
Tel : +31 71 582 2822
Fax : +31 71 581 2637
SWIFT BIC : SWHQNLNL
e-mail : [email protected]
Slide 53
SWIFT Contacts
Customer Services Centre NL
Bank of Albania
- Service Administrator
Regional Account Manager -Alke De Boer