Swift for Hvpmi Short

7/27/2019 Swift for Hvpmi Short

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Infrastructures Short version 7

Stephane Ernst, Market Manager for HVPMIs

Se 2010



Basic conce t of RTGS

• e con nuous rea - me se emen o

funds individually on an order-by-orderbasis (without netting).

Real Time GrossSettlement

Real Time GrossSettlement

Settlement

processing

Settlement

processing

• an act that discharges obligations in

respect of funds or securities transfers

between two or more parties. A

Settlement finalit

Settlement finalit

.

• settlement which is irrevocable and

unconditional.

2SWIFT for HVPMI Offering Presentation – Confidentiality: Public



Business and o erational functions of RTGS

Pa ment

Pa ment

transaction

processing

transaction

processing

Transaction input Validationear ng

Settlement

Notification

Liquidity

Management

Liquidity

ManagementLiquidity management

Reservemanagement

Paymentinvestigation

Participant

administration

Participant

administrationProfile management Reference data

Reporting

Management

Reporting

ManagementOperational Statistical Regulatory




SWIFT’s 5-pillars offering for Payment

Market Infrastructures

Your

ConnectInterfacesMessagingServices Security

PKI,HSM

Consulting

Training

FIN,

InterAct,FileAct,

Browse

Alliance Interfaces

Integration tools

Alliance

Connect

Bronze/Silver/

Customer Support Copy Gold

4

SWIFT for HVPMI Offering Presentation – Confidentiality: Public



SWIFT offering for high value payments MIs

SWIFT offers

Central bank

an ar s ,

Messaging (FIN, FINCopy, FileAct,

FileAct Copy, InterAct, Browse, Mail)CSD

High-value payment MI

Connectivity (SAA,SAG,SSA,SAL)Govt

Entities

Participants

Payments processing

Cash mana ement

Direct Participants ACH

Reference data

Reporting

5

Low-value payment MIIndirect Participants

Generic secure communication




Payments market standardsPayments market standards

Direct Debits (Bulk and Single)

Exceptions and Investigations

MT 1xx, 2xx

Orderingcustomer’sfinancial

institution

Beneficiarycustomer’sfinancialinstitution

Credit Transfers (Bulk and Single)

Cash Management

d v

&

S t a t )

n i t i a

t i o n

e s t i g a

t i o n s

I n i t i a t i o n

d v &

S t a t )

e s t i g a

t i o n s

a s

h M g m

t (

i r e c

t D e

b i t I

E x c e p

t & I n v

e d i t T r a n s

f e

M T 9 x x

M T 1 0 1

M T 9 x x

a s

h M g m

t (

E x c e p

t & I n v

Orderingcustomer

Beneficiarycustomer

C

UNIFI MX

MT-based

6

MT

MX/ISO 20022COEXISTENCE




Pa ment transaction rocessin :Payment per payment

• e s ore-an - orwar

messaging service, FIN

• InterAct using MX UNIFI

SWIFTNetFIN/InterAct

V-topology

Internal

Payment system

Participant A

SWIFT interface

Participant B

messagesSWIFT interface

Payment processing Central web server

Central institution

Bank A Bank B

• FINCopy is the most relevant

solution for hi h-value a ment

FIN/InterAct transaction flow

SWIFTNet

FIN Copy

Internal

Payment system

SWIFT interface

Participant B

systems wolrdwideParticipant

SWIFT interface

Payment

message

Payment message

(settled)

Settlement

request

Central institution

Authorisation/

refusal

77

Payment processing Central web server Bank A Bank B

FIN Copy transaction flow




Cash mana ement and artici antadministration

• n er c , prov es n erac ve exc ange

of instructions between counterparties – Transfer funds between accounts

– Change priorities of queued

SWIFTNet

Internal

Payment system

Participant A

SWIFT interface

Participant B

paymen s

– Modify intra-day credit limits tobetter manage liquidity and collateral

throughout the day in real timeSWIFT interface

InterAct real-time

information exchange

and control

Browse online

Info query

• Browse, provides secure browsing toaccess the market infrastructures tomonitor


Bank A Bank B

– urren pos ons o e se emenaccount

– Foreign exchange and credit riskexposures

88

– ransac on ow an s a us




Re ort & director mana ement

• epor managemen , w ere

volume and flexible structureare essential

SWIFTNet

Internal

Payment system

Participant A

SWIFT interface

Participant B

of

– Large reports: business,statistical or re ulator SWIFT interface

FileAct for

reporting

FileAct for

reporting

reports

– Raw data

– Directories


Bank A Bank B

FileAct for bulk reporting

• FIN Inform can supplementFIN to report transaction




SWIFT can support a converged system using Y-topology

SWIFTNetInternal

Payment system

SWIFT interface

Participant B

Participant A

Settlement request

Authorization/rejection

Payment file message

Settlement request

Authorization/rejection

Payment message

SWIFT interface


Central institution

Bank A Bank B

Payment file message settledPayment message settled

FIN Y-topology for transaction-per-transaction payment flow

10

FileAct Header copyY-topology for Bulk or Batch payments flow




SWIFT can support converged system using V-topology

Internal

Payment system

SWIFT interface

Participant B

Payment

instructionsby File

Notification message

Payment instruction

by transaction

SWIFT interface


Central institution

Bank A Bank B

FIN/InterAct V-topology for transaction-per-transaction payment flow

11

FileAct V-topology for Bulk or Batch payments flow




SWIFT services for payment market infrastructures

What

PROJECTMANAGEMENT

•Monitoring

•Problem management

•Reporting

End-to-end projectmanagement

SERVICE DESIGN

Requirement &Technical Design

SERVICEOPERATION

•Customer supportpacks

•Messaging landscape analysis

•Payments STP review

•Technical design•Integration design

•Business Continuity planning

•Disaster recover process design

•Testing support

•Operational procedures

•Design Security Best Practices

TRAINING

MI & Participanttrained

SERVICEOPERATIONAL

READINESS

Messaging servicesGo-Live

• Products

• MI implementation

SERVICEIMPLEMENTATION

PARTICIPANTDEPLOYMENT

•Orderin and rovisionin *•Member re istration follow-u

Messaging Servicesimplemented

Member MessagingServices

implemented

12

•Alliance portfolio installation of the MI

•SWIFTNet Messaging prototyping

•Integration SWIFT Alliance/application

•Supporting documentation

•Deployment of the MI participants




SWIFT services for a ments

PROJECTMANAGEMENT

SERVICEDESIGN

SERVICEOPERATION

PARTICIPANTDEPLOYMENT

SERVICEOPERATIONAL

READINESS

TRAINING

Delivering value and peace of mind13SWIFT for HVPMI Offering Presentation – Confidentiality: Public



SWIFT support successful PMI transformations

op ng prov es….

Participants/members with

Central bank

CSD

Govt

Entities

State-of-the-art Reliability, Resiliency,

Security and Customer Support

g -va ue paymen

Partici ants

Global reach and the interoperability

Direct Participants ACH

HVPMIs with

w-v u yIndirect Participants

Business &operational cost efficiency

Comprehensive solutionRisk reduction

Focus on core service

14SWIFT for PMIs - 28 October 2009

Participants Direct Participants

Global and community reach



SWIFT for Hi h value a ment market infrastructuresLive system market Status… 62 systems

90+ countries

62 systems

90+ countries

Central & Eastern Europe

Albania

AzerbaijanBosnia & Herzegovina

Bulgaria

CroatiaWestern Europe

Asia Paci fic

ungary

Romania

LatviaNorth America

Canada

US (TCH)

Denmark

Eurozone (EBA-

EURO1/STEP1

&TARGET2)

Norway

Sweden Middle EastBahrain

Australia

Fiji

Hong Kong

New Zealand

Philippines

Singapore

Central & Latin America

Bahamas

Barbados

UK Israel

Jordan

Kuwait

Oman

UAE (DIFC)

Africa Angola Algeria Botswana

Central African States (BEAC) Egypt

Ghana Kenya Lesotho

Mauritius Morocco Namibia

Sierra Leone South Africa Swaziland

r an a

ThailandChileDominican Rep.

ECCB

El Salvador

Guatemala

Trinidad & Tobagoanzan a un s a gan a

Zambia Zimbabwe

West African States (BCEAO)

Venezuela

Systems on Y Copy topology 15SWIFT for HVPMI Offering Presentation – Confidentiality: Public



an you


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Swift for Hvpmi Short