SWIFTSEPA_Warsaw_Oct07

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Information about SWIFTSEPA_Warsaw_Oct07
Education

Published on January 9, 2009

Author: aSGuest9880

Source: authorstream.com

How SWIFT can help you with SEPA? : How SWIFT can help you with SEPA? Vincent Questiaux SEPA Program Manager 3rd SEPA Conference, Warsaw October 2007 Agenda : Agenda SEPA Testing Programme SWIFTNet Bulk Payments Solution Be ready for SEPA – SWIFT Training Interoperability support SEPA Testing programmes for the EPC Testing phases : SAL I Bank internal CSM internal SAL II Bank-to-Bank SAL III Bank-to-CSM SAL IV Bank-to-CSM-to-Bank … EPC Testing phases SEPA Testing programmes for the EPC Testing phases Note: SAL stands for Self Assessment Level in the EPC SEPA Testing Framework SEPA Testing programme is an initiative of the SEPA testing Advisory Group (STAG) : Seceti Created at SIBOS 06, the STAG provide advice and guidance to develop the SEPA Testing Programme SEPA Testing programme is an initiative of the SEPA testing Advisory Group (STAG) A common SEPA Testing Programme to support SEPA Standards Compliance testing : SAL I Bank internal CSM internal SAL II Bank-to-Bank SAL III Bank-to-CSM SAL IV Bank-to-CSM-to-Bank EPC Testing phases ISO Standard rules testing A common SEPA Testing Programme to support SEPA Standards Compliance testing Testing EPC rules for SEPA Testing CSM Market Practices File exchange headers Testing Cooperation agreement between the CSMs and SWIFT : IberPay Dias SIBS Equens STET VocaLink EuroSIC Cooperation agreement between the CSMs and SWIFT Reduce testing programmes overlap and promote interoperability with their members Seceti Bank/CSM Testing with the CSMs and with theSEPA Testing Programme : SAL I Bank internal CSM internal SAL II SAL III Bank/CSM Testing with the CSMs and with theSEPA Testing Programme File Exchange Headers Core SEPA Standard Non SEPA Service Messages EPC SEPA Scheme rulebooks and Implementation Guidelines V2.3 (TVS) Standards under discussion Iberpay specific STET specific …. Equens specific AOS Standard EPC SEPA Scheme rulebooks and Implementation Guidelines V2.3 (TVS) Business and Operational Testing CSM Market Practices Standards submitted to the EPC for endorsement SWIFT SEPA Testing Programme value proposition : SWIFT SEPA Testing Programme value proposition Standards Proprietary messaging Proprietary protocol Value Bulking SEPA Messages EPC SEPA Additional Optional Services (AOS) Core SEPA Compliance Standardised CSM topologies SEPA AOS compliance Messaging Interoperability Additional Optional Services (AOS) (White Fields) Non SEPA Service reports CSM specific fields CSM specific fields Value added services Standardised File exchange header Core EPC SEPA Schemes SEPA CSM market practice CSM market practices Core SEPA (Yellow Fields) Release 1.x Future Pragmatic testing approach with proven testing methodology : Pragmatic testing approach with proven testing methodology Testing strategy Extensive coverage of EPC rules for SEPA Testing the ability of the application to generate valid SEPA messages Testing the robustness of the application to receive messages Validation of more than one rule per test case, if possible Specific CSM test cases roadmap Structured testing methodology Identification of logical and physical Test Cases (Word/XML files) Decision tables and equivalence patitioning techniques, with value boundaries analysis Optimised test cases to reduce the effort while offering the coverage required for the SEPA compliance certification Slide 10: Internal Application Testing Standards Compliance Testing Operational Readiness Testing ACH Bilateral Simulation Test and Qualification Service for SEPA (STaQS) SWIFTStandards Smart Test Messages A comprehensive and practical set of testing tools and services SEPA BICPlusIBAN & Routing directories Positioning the testing tools of the SEPA Testing Programme : Positioning the testing tools of the SEPA Testing Programme Basic SEPA workflow (in & out) Free/scripted test cases Customisable test data Scheduling test execution Test results reporting Connectivity (SN FileAct) Hand-Holding Support +350 Test Cases EPC and CSM market practices EBA file headers support Mandatory set of test cases for SEPA compliance Inbound message test only Free self testing only Customisable test data Manual test execution Test validation document No connection needed Hand-holdimg support 300+ messages EPC Core Standard only No file headers support Useful test messages for SEPA testing Simulation Test & Qualification Smart Test Messages SEPA Testing Programme benefits The industry reference for testing SEPA core standards : SEPA Testing Programme benefits The industry reference for testing SEPA core standards Mitigate operational risk through extensive and optimised testing with high risk coverage level Ensure “standard” interoperability by testing strictly the SEPA core standard with SWIFT as a neutral 3rd party, independent from any clearing channel. Reduce the testing costs by testing the SEPA Standards compliance once with a programme that does not overlap with the CSM tests Leverage existing investment with integrated testing tools that are easy to use Test at your own pace thanks to services available 24/7d that allow standalone testing SEPA Testing Programme Deliverables timeline : Release 1.1.1 SCT CSM Market Practices EBA File Headers support = completed = to be completed Release 1.0/1.1 SCT bank-to-bank TVS and ISO Directories specifications Release 1.1.2 EBA File Headers Enh. ITB for Partners Release for SDD SN FileAct 6.1 Corporate-to-bank AOS fields File Headers EPC rules SEPA Testing Programme Deliverables timeline July 07 Aug-Sep 07 2007-2008 Future Oct 07 157 early adopters registered (512 destinations) incl. 8 ACHs and 11 users start testing (Oct 07) Agenda : Agenda SEPA Testing Programme SWIFTNet Bulk Payments Solution Be ready for SEPA – SWIFT Training Interoperability support The SWIFTNet Bulk Payments solution : The SWIFTNet Bulk Payments solution Promoting market best practices and increased harmonisation UNIFI ISO 20022 standards SWIFTNet FileAct SWIFTNet InterAct for single/urgent messages SWIFTNet Bulk Payments is aiming at harmonising exchange of bulk payments, in order to decrease development costs and facilitate interoperability between payments systems Price per payment leg The SWIFTNet Bulk Payments solution - pricing : The SWIFTNet Bulk Payments solution - pricing Price per payment instruction Between 0.02 and 0.07 eurocent per payment instruction transported, which means between 1,430 and 5,000 payments for 1 Euro Supporting different message formats without impact on prices Independent from compression level, payment length and file size (min 100 payments/file) Close to actual payment business model Determined by The annual volume of the community, closed user group of entities encompassing the same set of business rules and common standards to clear a single currency The annual volume of the institution within the closed user group Contributing to the calculation of the global tier of the financial institution Agenda : Agenda SEPA Testing Programme SWIFTNet Bulk Payments Solution Be ready for SEPA – SWIFT Training Interoperability support Interoperability - components and issues : Interoperability - components and issues Business rules Standards Infrastructure Transport mechanisms and protocols File header and structure Instrument def. Rulebook Chosen syntax and version Opt. Implementation Guidelines “Competitive” space = implementation considerations Cooperative space = business rules and standards Exchange Payload Header CSM Market Practices CSM Market Practices – status : STAG identified interoperability enabler Provides topology based expected layout of defined SEPA XML core messages Supplements the EPC Implementation Guidelines Endorsed by and published as an EPC document Slide 19 CSM Market Practices – status Exchange Payload Header - Status : Exchange Payload Header - Status Provides a generic solution and messaging layer-independent way of declaring the content of an exchange between parties and the structure of the exchange payload. Common Headers Requirements Common Logical Model Service ProfilesGiovannini, SEPA, ETC… Specifications Service Profiles Published on www.swift.com for public consultation. Next version available soon Exchange payload headers – Status : published on www.swift.com for public consultation deadline for comments set for 14th Sept little feedback to date except from STET and EBA Requests for further information received from inside SWIFT and some committed customers. Slide 21 Exchange payload headers – Status Next version will be issued based on the received feedback. SWIFTNet FileAct – Header Info implementation : SWIFTNet FileAct – Header Info implementation To date, two profiles are defined… Transaction count: allows automated pricing for Bulk Payments solution Payment file summary: allows for confidentiality, authorisation, based on summary (risk management), audit trail, etc… … but the solution remains flexible: additional fields can be added (and usually taken from the logical Exchange payload header model). Agenda : Agenda SEPA Testing Programme SWIFTNet Bulk Payments Solution Be ready for SEPA – SWIFT Training Interoperability support Be ready for SEPA – what you need to know : Be ready for SEPA – what you need to know How does SEPA impact your institution? What is this new ISO 20022 XML standard? How do I populate the SEPA XML credit transfer and direct debit messages? What are the EPC implementation guidelines and rules relating to these messages? How do these XML elements relate to the MT 103? …. SWIFT Training offeringOpen classroom and customised, on-site courses : SWIFT Training offeringOpen classroom and customised, on-site courses Receive a good general understanding about SEPA and what it means for your financial institution Learn about SWIFT's several new offerings in the context of SEPA Understanding SEPA Available For information and registration: www.swift.com/training Available Jan 2008

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