Infrastructures Short version 7. Stephane Ernst, Market Manager for HVPMIs

Transcription

1 SWIFT for Payment Market Infrastructures Short version 7 Stephane Ernst, Market Manager for HVPMIs Sep 2010

2 Basic concept of RTGS Real Time Gross Settlement the continuous (real-time) settlement t of funds individually on an order-by-order basis (without netting). Settlement processing Settlement finality an act that discharges obligations in respect of funds or securities transfers between two or more parties. A settlement may be final or provisional. settlement which is irrevocable and unconditional. 2

3 Business and operational functions of RTGS Payment transaction processing Transaction input Validation Clearing & Settlement Notification Liquidity Management Liquidity management Reserve management Payment investigation Participant administration Profile management Reference data Reporting Management Operational Statistical Regulatory 3

4 SWIFT s 5-pillars offering for Payment Market Infrastructures Your Payment Market Infrastructure system Services Messaging Interfaces Security Connect Consulting FIN, Alliance Training InterAct,FileAct, Alliance Interfaces Connect PKI,HSM Browse Integration tools Bronze/Silver/ Customer Support Copy Gold A comprehensive solution 4

5 SWIFT offering for high value payments MIs SWIFT offers Standards d (MT, MX) CSD Central bank Messaging (FIN, FINCopy, FileAct, FileAct Copy, InterAct, Browse, Mail) Govt Entities Connectivity (SAA,SAG,SSA,SAL) High-value payment MI SWIFT Support Payments processing Participants ACH Direct Participants Cash management Reference data Indirect Participants Low-value payment MI Reporting Generic secure communication 5

6 Payments market Payments standards market standards SWIFT committed to support today and tomorrow standards Exceptions and Investigations Direct Debits (Bulk and Single) Ordering customer s financial institution Credit Transfers (Bulk and Single) Cash Management MT 1xx, 2xx MT 9xx Beneficiary customer s financial institution Cr redit Transfer r Initiation Except & Inve estigations Direct Debit In nitiation Cash Mgmt (A Adv & Stat) MT 101 MT 9xx MT 9xx Except & Inv estigations Cash Mgmt (A Adv & Stat) MT Ordering customer 6 UNIFI MX MT-based COEXISTENCE Beneficiary customer MX/ISO 20022

7 Payment transaction processing: Payment per payment The store-and-forward d messaging service, FIN InterAct using MX UNIFI messages Participant A Internal Payment system SWIFTNet FIN/InterAct V-topology Participant B Central institution Payment processing Bank A Bank B Central web server FIN/InterAct transaction flow FINCopy is the most relevant solution for high-value payment systems wolrdwide Participant A Internal Payment system Payment message Settlement request SWIFTNet FIN Copy Payment message (settled) Authorisation/ refusal Participant B Central institution Payment processing Bank A Bank B Central web server FIN Copy transaction flow 7

8 Cash management and participant p administration InterAct, t provides interactive ti exchange of instructions between counterparties Transfer funds between accounts Change priorities of queued payments Modify intra-day credit limits to better manage liquidity and collateral throughout the day in real time Participant A Internal Payment system Central institution InterAct real-time information exchange and control SWIFTNet Browse online Info query Participant B Browse, provides secure browsing to access the market infrastructures to monitor Current positions of the settlement t account Foreign exchange and credit risk exposures Transaction flow and status t Payment processing Bank A Bank B Central web server 8

9 Report & directory management Report management, where volume and flexible structure are essential FileAct is ideal for exchanges of Large reports: business, statistical or regulatory reports Raw data Directories Participant A Internal Payment system Central institution FileAct for reporting Payment processing Bank A Bank B FileAct for bulk reporting SWIFTNet FileAct for reporting Central web server Participant B FIN Inform can supplement FIN to report transaction 9

10 SWIFT can support a converged system using Y-topology Internal Payment system SWIFTNet Participant B Participant A Payment message Settlement request Authorization/rejection Payment message settled Payment file message Settlement request Authorization/rejection Payment file message settled Central institution Payment processing Bank A Bank B Central web server FIN Y-topology for transaction-per-transaction payment flow FileAct Header copyy-topology for Bulk or Batch payments flow 10

11 SWIFT can support converged system using V-topology Participant A Internal Payment system Payment instructions by File Participant B Payment instruction by transaction Notification message Central institution Payment processing Bank A Bank B Central web server FIN/InterAct V-topology for transaction-per-transaction payment flow FileAct V-topology for Bulk or Batch payments flow 11

12 Customer support packs SWIFT services for payment market infrastructures What SERVICE OPERATION Easy live PROJECT MANAGEMENT End-to-end project management Project Management plan Monitoring Problem management Reporting SERVICE DESIGN Requirement & Technical Design Specification Messaging landscape analysis Payments STP review Technical design Integration design Business Continuity planning Disaster recover process design Design Security Best Practices Testing support Operational procedures SERVICE OPERATIONAL READINESS Messaging services Go-Live TRAINING MI & Participant trained Products MI implementation Member registration follow-up Supporting documentation Deployment of the MI participants PARTICIPANT DEPLOYMENT Member Messaging Services implemented SERVICE IMPLEMENTATION Messaging Services implemented Ordering and provisioning (*) Alliance portfolio installation of the MI SWIFTNet Messaging prototyping Integration SWIFT Alliance/application 12

13 SWIFT services for payments py PROJECT MANAGEMENT SERVICE OPERATION SERVICE DESIGN SERVICE OPERATIONAL READINESS PARTICIPANT DEPLOYMENT TRAINING Delivering value and peace of mind 13

14 SWIFT support successful PMI transformations Adopting SWIFT provides. Participants/members with Central bank CSD Govt Entities High-value payment MI State-of-the-art Reliability, Resiliency, Security and Customer Support Right trusted third party services Global reach and the interoperability Participants Business flexibility ACH Direct Participants HVPMIs with Indirect Participants Low-value payment MI Participants Direct Participants High resilience and security Business &operational cost efficiency Comprehensive solution Risk reduction Focus on core service Global and community reach SWIFT for PMIs - 28 October

15 SWIFT for High value payment market infrastructures Live system market Status 62 systems 90+ countries North America Canada US (TCH) Central & Latin America Bahamas Barbados Chile Dominican Rep. ECCB El Salvador Guatemala Trinidad & Tobago Venezuela Western Europe Denmark Eurozone (EBA- EURO1/STEP1 &TARGET2) Norway Sweden Switzerland UK Middle East Bahrain 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 Tanzaniaania Tunisia Uganda Zambia Zimbabwe West African States (BCEAO) Central & Eastern Europe Albania Azerbaijan Bosnia & Herzegovina Bulgaria Croatia Hungary Romania Latvia Asia Pacific Australia Fiji Hong Kong New Zealand Philippines Singapore SiL Sri Lanka Thailand Systems on Y Copy topology 15

16 Thank you! Q&A 16