Transcript BUSINESS REQUIREMENTS

BANK OF ALBANIA
AIPS PROJECT
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Introduction
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What is AIPS?
AIPS Project Implementation Plan
AIPS Activities & Responsibilities
AIPS Operational Security & Resilience
AIPS Project Communications
Questions & Answers
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What is AIPS?
• Settlement of Systemically Important
Payments.
• RTGS Core Principles.
• AIPS System Components.
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Settlement of Systemically Important
Payments
Payments between settlement participants
(bank-to-bank payments) including
payments to and from the BOA;
Payments on government securities
transactions, using the DVP mechanism;
Net transfers of funds requiring
designated time settlement; and
Large-value customer payments.
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RTGS Core Principles
• Bank for International Settlements
(BIS).
• European Central Bank (ECB).
• International Standards Organisation
(ISO).
• SWIFT Standards
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AIPS System Components.
• SWIFT FIN Y-Copy Service
• AIPS Webstation
• AIPS Central System
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AIPS Main Components
Delivery System
Workstation
S.W.I.F.T.
CBT
Y-Copy
Webstation
BOA System
Access and Routing
Participant System
RTGS
Settlement
I/F
Payments
&
Transfers
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AIPS Architecture
Participant A
Participant
Webstation
AIPS System
Access &
Routing
Module
AIPS VPN
Network
SWIFT CBT
SETS
subsystem
Net Settlement
Batches
BOA
SWIFT CBT
Settlement
Module
Participant B
Participant
Webstation
External
Module
SWIFT FIN
Y-Copy
Service
Payments
Module
SWIFT CBT
PACS
subsystem
RTGS
Accounting
Space
PACS
Accounting
Space
Account
Transfers
Module
Database and
Reporting
Module
Database
Accounting &
Treasury
Management
System (ATM)
BOA Payments
& Transfers
Billing Module
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SWIFT FIN Y-Copy
• SWIFT Alliance to initiate/receive
Payments.
• Security provided by SWIFT Network.
• Double Authentication by SWIFT.
• SWIFT Close-User-Group.
• SWIFT stores all payments until AIPS
confirms settlement.
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Flow Of Messages
• The sending bank remits an AIPS
SWIFT payment (MT103/202) to
receiving bank.
• Minimal settlement information is
forwarded to AIPS (MT096)
• SWIFT FIN Y-Copy awaits settlement
confirmation from AIPS (MT097)
• The original payment is released to the
receiving bank.
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SWIFT and AIPS
RECEIVER
SENDER
MT103/202
MT103/202
SWIFT FIN Y-Copy
MT096
MT097
AIPS
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AIPS Webstation
AIPS uses the Participant Webstation to support RTGS
non-value functions including:
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on-line access to account balance and activity
information;
on-line access to queued payment information;
on-line information for the total sum of queued inward
payments (to be decided);
on-line access to perform reprioritisation of queued
payments; and
monitoring of RTGS Central System operational status.
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AIPS Central System
The Central System performs three main roles:
• RTGS Accounting on behalf of Participants
and associated liquidity management
facilities.
• BOA inward and outward AIPS Payments.
• BOA account transfers across Participant
Accounts.
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AIPS Project Implementation Plan
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AIPS Activities & Responsibilities
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AIPS Operational Security & Resilience
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Communication Environment – encrypted
VPN
Access Security
Authentication
Smart Card Logon
Fallback Site and Installations
Remote Logging
VPN Fallback
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AIPS Project Communications
• AIPS Participant Coordinators Meetings
• AIPS Project Documentation and
communications
• AIPS Support Email Address
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Questions & Answers
• Over To You
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