SWIFTNet FIN - Best of both worlds Background and

SWIFT in Italia
Opportunità immediate e
future
Maurice BOUSIN
Regional Director, SWIFT
Italy & Greece
ABI, Rome - April 18th, 2002
Filename_Vx.ppt
Agenda
■ SWIFT in the World & Italy
■ SWIFT main projects in Italy
– Birel, Express II
■ Other applications for SWIFTNet in Italy
– FIN messaging migration to IP
– eTrust and ePayments Plus
■ Connectivity, fall back, four pilars
■ Potential future applications: CBI, CCG…
■ SWIFT Partnerships
– Background and Migration
Agenda
SWIFT in the World & in Italy
– Background and Migration
FIN Coverage
Over 7,000 financial institutions
More than 190 countries
Peak day: 7,510,544 FIN messages
Availability year-to-date: 99.996%
Connected
Not connected
– Background and Migration
SWIFT in Italy (all 2001 data)
■ IT total msgs sent : 46.192.100
■
(SWIFT : 1.533.900.000)
■ IT total traffic growth : 16.8 % (SWIFT : 18.1 %)
■ IT ranking : 8th
■ Number of live users : 253 (SWIFT : 7.254)
– Members : 142
– Sub-members : 75
– Participants : 36
– Background and Migration
SWIFTNet: the single window
Market infrastructures
CHAPS
RTGS+
CLS
Euroclear
BIREL
EXPRESS II
CCG(?), eMID (?)
CBI(?), Bi-Comp (?)
Customer Solutions
Message outsourcing
MA-CUGs
Collective CUG Italy?
SWIFTNet FIN
Single window
access to MI’s
More than 7,000 FIN
correspondents in
more than 190
countries
Business Solutions
SWIFTNet
Extended reach
– Background and Migration
Store & forward
capabilities
Broader range of
business solutions
Accord
FIX
Cash
reporting:(CBI?)
Bulk files
Securities reporting
Funds Mgt
TrustAct &
ePayments +
Agenda
BIREL on SWIFT
– Background and Migration
SWIFT in payments clearing (January 2002)
FIN
FIN Copy
Belgium
ECB (TARGET)
Finland
Germany
Greece
Italy
Netherlands
South Africa
Spain (SLBE)
Switzerland
Venezuela
Australia
Azerbaijan
Bosnia
Canada
Croatia
Denmark
EBA (EURO1)
EBA (STEP1)
Egypt
France
Hungary
Ireland
Austria
Thailand
Bulgaria
Italy (BI-REL)
Latvia
Luxembourg
Mauritius
New Zealand
Norway
Slovenia
Spain SPI
Sweden
UK NewCHAPS
Germany (RTGSplus)
– Background and Migration
Cameroon
Ghana
Jordan
Namibia
UK (Enquiry Link)
Germany (RTGSplus)
Live
Austria (ARTIS)
NYCH
Italy (BI-REL)
Implementation
Estonia
Malta
SWIFTNet
Discussion
EBA
France (C.R.I.)
Reserve Bank of Australia
A combination of FIN, Interact & Browse
Y
FIN
access
SWIFTNet
- Copy
FIN access
SWIFTNet
duality
Bridge BdI
(RNI-SWIFT)
– Background and Migration
Nuove funzionalità di BI-REL
SERVIZIO (NEW)
SERVIZIO (OLD)
FUNZIONE
BROWSE
INTERACT
MESSAGGI
MESSAGGI
MT900/910
64G/64D
MT900/910
64G/64D
MT900/910
64G/64D
Stato del sistema
Disponibilità istantanea
Saldo istantaneo del conto di riserva
Saldo istantaneo del conto di anticipazione infr.
Dettaglio dei pagamenti
Stato dei pagamenti (situazione delle code)
Dettaglio pagamenti per banca tramitata e
relativo sbilancio (caps)
Modifica del grado di urgenza e della priorità
dei pagamenti in coda
– Background and Migration
64J/64K/64L
Nuove funzionalità di BI-REL
SERVIZIO (NEW)
SERVIZIO (OLD)
FUNZIONE
BROWSE
INTERACT
MESSAGGI
MESSAGGI
Cancellazione del singolo pagamento
Gestione dei limiti per le banche tramitate
Solo informativa
Gestione delle riserve di liquidità
(Express2, prenotazione del contante e
pagamenti urgenti)
Solo informativa
313/312/328/329
64H/64I
(solo prenotazione contante)
Inquiry anagrafi(partecipanti al sistema,tramitate)
Dati ROB (media progressiva, importo e saldo
per adeguamento)
Notifica di fallito regolamento
– Background and Migration
64G
Y-copy > MT019
v-shape > MT198
(157) e msg orig.
64F
Nuove funzionalità di BI-REL
SERVIZIO (OLD)
SERVIZIO (NEW)
FUNZIONE
BROWSE
MESSAGGI
MESSAGGI
Notifica di accodamento
MT198(156)
64C
Notifica del numero progressivo del Rifmarg.
MT198(158)
64Z
Operazioni di girofondi BI-REL (64A)
MT202
64A
Operazioni di giroconto BI-REL (64B)
MT202
64B
Ritrasmissione di un messaggio di notifica (64E)
MT020
64E
– Background and Migration
INTERACT
Agenda
EXPRESS II on SWIFT
– Background and Migration
Monte Titoli: current connectivity options
for its custody services
Intermediario
•Trasferimenti FOP
Monte Titoli
Dal 2001
•Istruzioni Corp. Action
•Estratti Conto, …
RNI
Emittente
Dal 1988
•Sottoscrizioni
Web
•Estratti Conto, …
Surfer
Da gennaio 2002
– Background and Migration
Monte Titoli today accessible via SWIFT-FIN
Free of Payment Delivery Instr.
710 or MT542
Settlement Status &Confirmation
71N,710 + error code or MT544 to 548
Statement of Holdings, Transactions
707,717,706,716 or MT535, 536, 548
Monte Titoli
User
– Background and Migration
Corp.Actions notifications
720,721,097,7B1,7B2,7B3 or MT564,568
Corp.Action/Proxy Instr.
704,715,7A7,7A8 or MT565
CA instr. Status &Confirmation
704,715,7B2,7B3,71N or MT567,566
Monte Titoli
Monte Titoli: connectivity options for
Express II
Rete nazionale interbancaria
Interazione telematica tra computer centrali
Express II
I
N
T
E
R
F
A
C
C
I
A
A
P
P
L
I
C
A
T
I
V
A
L.U. 6.2 (host to host)
Interazione diretta tra computer centrali
terminale 3270
Interazione diretta da terminale
SWIFT/SWIFTNET
Interazione telematica da computer
centrale o da workstation
– Background and Migration
FIN & SWIFTNet benefits
■ Notarization/Trusted Third party
■ Universal Standards
■ Validation
■ Guaranteed delivery
■ End to end security
■ Archival
■ Integrated into back office
■ Straight through processing
– Background and Migration
CLS project
CLS in Italy
– Background and Migration
CLS status in Italy
■ IntesaBci & UniCredito Italiano SWIFTNet
enabled & tested
■ Some banks have already selected their TPS
partners
■ CLS anticipated start date is July 2002
– Background and Migration
From FIN migration to SWIFTNet Migration
■ Avoid X.25 obsolescence
■ Take advantage of new technical opportunities
– Higher speed/quality connections, ISDN
– Enable evolution to PKI for FIN security
■ Enable access to multiple services over single
SWIFTNet configuration
– Connection and / or Interface
■ EtoE Network Monitoring
■ Base services for all
– Background and Migration
IT planning - window approach
■ 252 BICs connected via IT banks
■ 13 X-border BICs working via IT
■ 10 top-holding institutions operationally handle
85 BICs
■ From the remaining 167 BICs, 76 don’t have
their own SWIFT connection, leaving 91
operational ones to migrate in windows
– Background and Migration
IT planning - window approach
■ 91 Interfaces, split as follows:
– Merva/ESA: 45
– SAA: 24
– SAE: 19
– ST400: 1
– Turboswift: 1
– Background and Migration
IT planning - window approach
■ Timing:
– 1° window: Q1 2003 (mid-Feb till end March)
- All Merva users
– 2° window: Q1 2004 (mid-Jan till end Feb)
- All Alliance + TurboSwift users
- San Marino (SAA & SAE) + Vatican City (SAE)
– Background and Migration
SWIFTNet FIN Roadshows in Italy
■ 19 April 2002 : Rome (SPIN) for all users
■ 15 May 2002 : Rome for Merva users
■ 16 May 2002 : Service Bureau session
■ 17 May 2002 : Milan For Merva Users
■ May 2003 for Alliance users
– Background and Migration
Migration planning timeline
28 Oct 02
Ordering
deadline
Preparation
Attend Migration
Roadshow
15 May (Roma)
or
17 May (Milano)
16 Weeks
Place order at
SWIFT
by 28 Oct 02
Prepare:
• Read the
SWIFTNet FIN
Planning guide
• Plan & budget
Pre-installation:
• Prepare machines
(hardware & OS),
• Receive software
and secrets
Window
Go live:
Install & test:
Migrate all
• Upgrade FIN
traffic to
interface (if not
SWIFTNet
already done)
• Install SNL/SAG
• Connect to
SWIFTNet FIN
and send a T&T
Post migration
message
decommission
all X.25 lines
Connectivity installation and configuration:
• Installation of lines & M-CPE or router
• Prepare to connect to SWIFTNet FIN
(prepare firewalls, run connectivity check)
– Background and Migration
Agenda
FIN & SWIFTNet potential applications in Italy
CBI, CCG, eMID, Bi-Comp?
– Background and Migration
CBI needs end to end STP in BtoF and FtoF
For Riba, Rid, Mav,
Freccia (?)…
* MT 104 or 405
* MT 198 or 498
* MT 3, 5, 7…
* Bus. Model.
B to F
– Background and Migration
Business messages
SWIFT MTs
FIN & XML
Messages
CBI: An Italian club within SWIFT?
Bank-owned solution
providing space for service
differentiation
Financial
client
Financial
client
Corporate
client
Financial
client
– Background and Migration
SWIFT’s inter-bank solution
providing participants ondemand intra-day information
from their Nostro agents
Corporate
client
Correspondent
Correspondent
SWIFT
member
Correspondent
Correspondent
Correspondent
CBI Supported by Multiple Trust Schemes
& Internet Payment Initiation/Assurance
Payment
Financial
Institution
SWIFTNet
OCSP
ERP
TrustAct
Link
Payment
assurance
Payment
initiation
Trusted
message
Financial
Institution
OCSP
TrustAct Server
Trusted
message
TrustAct
Link
Browser
Server
Unsecured
message
Buyer
– Background and Migration
Internet
ERP
Seller
“internationalize” CBI with minimum investment
The SWIFT network allows
FIN messaging and SWIFTnet
instant communication
between Banks and Corporates.
Incorporating eTrust &
ePayments functionalities
World Wide
– Background and Migration
SWIFT, the future of CBI
■ End to End interoperability
– Universal network & standards
– Supporting BTO B & BTOF
■ SWIFT interface solutions for all
■ Domestic & International
■ Multi Trust Scheme & Internet Payments
■ An opportunity for Italian vendors to provide
value added solutions
■ An opportunity for Banks: Becoming ASP
– Background and Migration
Agenda
Migration of FIN messaging over IP
– Background and Migration
Agenda
Connectivity, Fall Back arrangements...
– Background and Migration
SWIFTNet connectivity in Italy
PO P
IP
SIANET
– Background and Migration
SIPN - SIANET Contingency / 2
OPC
GCFM
SIPN
SIANET
Equant
– Background and Migration
SIPN - SIANET Contingency /1
OPC
Dial-up
GCFM
SIPN
SIANET
Equant
– Background and Migration
Agenda
SWIFT partnerships in Italy
– Background and Migration
Existing Relationships
■ SIA:
– Provider of local connectivity to SWIFTX25
and IP networks
– FinestWay/Order routing
– SWIFT “service bureau”
– Format conversion
– Background and Migration
Existing Relationships
■ NCH (Network Computer House) of Bologna
– SWIFTAlliance distribution, installation &
integration
– SWIFTAlliance Access and Entry for X25
and FIN over IP
– SWIFTAlliance Gateway for IP
– New users in Italy
– Background and Migration
Registered Vendors
■ CAD Verona,
■ CB.Net Ltd
■ DATAMAT
■ EDS
■ ELSAG
■ Galvanin & Associati
■ NCH
■ SIA
■ SIM
■ SSB
■ RA Computer
■ TAS
– Background and Migration