Transcript Document

STEP2 MPEDD TWG
EBA Clearing
EBA Clearing
STEP2
M-PEDD Technical Working Group
18th May 2006
Confidentiel
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STEP2 MPEDD TWG
EBA Clearing
Project timing
Progress is good – despite EPC, SWIFT, BWG and TWG
working in parallel – work is converging.
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Interface version 2 to be sent end May.
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Written comments required by 16th June
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Next meeting Tuesday 20 June
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Finalise Interface Specification ready for presenting to
Steering Group.
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Steering group 30th June.
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Considerations of non-core work
Confidentiel
2
STEP2 MPEDD TWG
EBA Clearing
BWG Follow up
ISO Data Formats
Feedback on Interface Specifications
MPEDD Participant System
AOB
Confidentiel
3
STEP2 MPEDD TWG
EBA Clearing
Earliest date
on which a
debit can be
submitted
Latest date on
which a presettlement Rmessage can be
sent
Latest date on
which any debit
can be submitted
Latest date on
which a
Reversal can be
initiated
Latest date for
submission of
other Rmessages
Latest date for
submission of
Request for
Refund
(unauthorised
transaction)
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D-14
D-1
D
D+2
D+5
D+1
year
Confidentiel
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STEP2 MPEDD TWG
EBA Clearing
STEP2 Service Open
STEP2 Service Processing
D-5
Receive D-5 debits
Collate 1st debits on D-5
Deliver D-5
debits
D-2
Receive D-2 debits
Collate 2nd debits on D-2
Deliver D-2
debits
Receive pre-settlement Rmessages
Settle on D
Deliver
settlement
D
08.00
11.00
14.00
Confidentiel
15.00
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STEP2 MPEDD TWG
EBA Clearing
DD Service Information Flow
Traffic
originated by the
Bank
Traffic originated
by counterparties
BANK
Settlement
specific files
STEP2
Settlement files
for R messages
Confidentiel
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STEP2 MPEDD TWG
EBA Clearing
BWG Update
Debit message fields
Validation Rules
Mandates, Creditors and Interbank Limits
Settlement
Confidentiel
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STEP2 MPEDD TWG
Stored
Mandates
Service
Parameters
EBA Clearing
Debit Type
Parameters
Creditors
Format
Debtor Bank
Directory
Stored
Transactions
Message
Arrives
Message
Validated
Action
Taken
Rules Based
Validation Engine
Confidentiel
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STEP2 MPEDD TWG
EBA Clearing
Alternate Mandate Flow
Agreement between creditor and debtor
Delivery of Mandate:
• New
• Amendments
• Cancellations
Debtor Bank
stores mandate
Confidentiel
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STEP2 MPEDD TWG
EBA Clearing
Settlement
Currently supported:
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Single settlement cycle per day
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Only EURO1/STEP1 supported
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Bilateral Gross Settlement
Future enhancements:
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Multiple settlement cycles per day
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Other settlement mechanisms supported
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Multilateral Net Settlement
Confidentiel
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STEP2 MPEDD TWG
EBA Clearing
Settlement: R-Messages
Post-settlement R-Messages can be received up to
42 calendar days after Inter-Bank Settlement Date.
After this a flow occurs outside of the scope of the
STEP2 Debit Service.
R-messages are settled in the next cycle. Bank must
put the correct interbank settlement date.
Confidentiel
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STEP2 MPEDD TWG
Settlement: Daily Reconciliation Report
EBA Clearing
For each Interbank Settlement Date, report lists:
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Debits Sent
Debits Received
Debits Rejected
Debits Requested for Cancellation
Debits Refused
Debits Reversed
Debits Settled for that date
- Reported as both Creditor Bank and Debtor Bank
- Can report Direct participant and Indirect participants
separately
Confidentiel
12
STEP2 MPEDD TWG
EBA Clearing
BWG Follow up
ISO Data Formats
Feedback on Interface Specifications
MPEDD Participant System
AOB
Confidentiel
13
STEP2 MPEDD TWG
EBA Clearing
XML Schemas
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One XSD Schema for each message type
Blueprints for building XML files
Diagram representation of a set of data
The XML Schema data model includes:
• the vocabulary (element and attribute names)
• the content model (relationships, order and
structure)
• the data types.
Confidentiel
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STEP2 MPEDD TWG
EBA Clearing
XML ISO20022 Schemas
FItoFICustomerDirectDebit
PaymentCancellationRequest
PaymentReturn
PaymentReversal
PaymentStatusReport
pacs.003.001.01
pacs.006.001.01
pacs.004.001.01
pacs.007.001.01
pacs.005.001.01
Confidentiel
Direct Debit
Req. for Cancellation
Refund
Reversal
Reject
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STEP2 MPEDD TWG
EBA Clearing
EBA XML Schemas
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Part of the deliverables of the TWG
Based on ISO 20022 Standards XSD schemas
Some XML fields have been removed
XML status (Mandatory/Optional) may be different
between ISO and EBA schemas
Data formats (ex. Number of characters) can be specific
to STEP2
Confidentiel
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STEP2 MPEDD TWG
EBA Clearing
BWG Follow up
ISO Data Formats
Feedback on Interface Specifications
MPEDD Participant System
AOB
Confidentiel
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STEP2 MPEDD TWG
EBA Clearing
Feedback on Interface Specifications
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Is XML the only supported standard for both outgoing and incoming
messages or is the use standard swift messages such as MT104 an
option?
Will Step2 be sending out a report containing the mandates that have been
setup?
(page 15, chapter 4.2.1 number 3): The duplicate checking should be done
on bulk level or on file level? With or without content-check?
(page 19, chapter A.1.1, right column, first row, 3rd line): It ought to be IDF
IDENTIFICATION. Checking integrity of the filename
(page 22, chapter B.2; field Original Reference): The Original IDF
Reference should be Mandatory
Confidentiel
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STEP2 MPEDD TWG
EBA Clearing
Feedback on Interface Specifications
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(page 24 etc. Appendix C): include a numbering for the XML fields
Daily timetable discussion should be considered as ongoing or final?
What does RBAC stand for?
Proposal for number of erroneous transactions required for full file rejection
: Fixed percentage of errors (e.g. 5%) and simple total amount of errors.
Will it be possible to include different bulks with identical Interbank
Settlement Date in the same file?
Confidentiel
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STEP2 MPEDD TWG
EBA Clearing
BWG Follow up
XML Schemas
ISO Data Formats
Feedback on Interface Specifications
MPEDD Participant System
AOB
Confidentiel
20
STEP2 MPEDD TWG
EBA Clearing
BWG Follow up
ISO Data Formats
Feedback on Interface Specifications
MPEDD Participant System
AOB
Confidentiel
21
STEP2 MPEDD TWG
EBA Clearing
MPEDD Participant System
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First draft of the Specifications document describes a
proposed software architecture
Not clear yet if the PS is intended as platformindependent solution or a complete product (eg. MPS)
Feedback from banks will narrow the feature list and
help produce a real Specifications document
This document will then be used for the Vendor program
process
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STEP2 MPEDD TWG
EBA Clearing
Question
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Development of a new type of STEP2 Participant System could integrate
existing Credit Transfer service and provide new features not available in
MPS
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STEP2 MPEDD TWG
EBA Clearing
MPEDD Participant System
Protocol1
Protocol2
Protocol3
Adaptive Layer
Indirect
Participants
To Back Office
Applications
Back Office
Interface
Archiving
CORE
Mandate
Information
Data
Validation
Monitoring/
Management
FileAct Interface
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STEP2 MPEDD TWG
EBA Clearing
To Back Office
Applications
MPEDD Participant System
Back Office
Interface
Indirect
Participants
Archiving
CORE
Mandate
Information
Data
Validation
Monitoring/
Management
FileAct Interface
Confidentiel
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STEP2 MPEDD TWG
EBA Clearing
MPEDD Participant System Questions to Banks
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SWIFTNet connectivity SAG only or SNL?
Reliability, throughput, disaster recovery?
Longevity? (short term solution or longer term)
Supported platforms?
Supported Back office systems?
Need to co-exist with other XML services?
Need to match validation messages with outgoing
originals?
Need to perform reconciliation within the interface?
Need to perform message queries within the interface?
Need to accept settlement message inputs from
EURO1/STEP1?
Confidentiel
26
STEP2 MPEDD TWG
EBA Clearing
BWG Follow up
ISO Data Formats
Feedback on Interface Specifications
MPEDD Participant System
AOB
Confidentiel
27
STEP2 MPEDD TWG
EBA Clearing
SWIFTNet 6.0 and STEP2 services
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SWIFTNet 6.0 will be available starting January 2007
Deadline for migration is December 2008
New software versions for SAG and SNL
Changes impacting STEP2 services are :
• SwCompression information in FileInfo field will
be mandatory and follow a single format
• A new format for request types is mandated.
Development of STEP2 MPEDD service will aim for
SWIFTNet 6.0 compliance
Credit Transfer System migration will share the same
planning as for DD
Confidentiel
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STEP2 MPEDD TWG
EBA Clearing
Alternate Mandate Flow
Agreement between creditor and debtor
Delivery of Mandate:
• New
• Amendments
• Cancellations
Debtor Bank
stores mandate
Confidentiel
29
STEP2 MPEDD TWG
Alternate Mandate Flow Proposal
EBA Clearing
1.
2.
3.
4.
5.
Creation of the mandate by the creditor
Reception of the mandate by the debtor
Delivery of the mandate to the debtor bank
Signing of the mandate by the debtor
Delivery of the mandate information to the
creditor bank
6. Delivery of the mandate information to the
creditor by the creditor’s bank
7. Acceptance of the mandate information by the
creditor
8. Initiation of collections by the creditor
Confidentiel
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STEP2 MPEDD TWG
EBA Clearing
Pre-settlement report
1. Informing the bank settlement of obligations
before settlement occurs.
2.
3.
4.
5.
Debit collections to counterparty banks
Debit collections from counterparty banks
Returns to counterparty banks
Reversals to counterparty banks
6. Total EURO1 Credits
7. Total EURO1 Debits
8. Total Net position
Confidentiel
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STEP2 MPEDD TWG
EBA Clearing
EBA Clearing
www.abe.org
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