Simon Lau Project ManagerSWIFT

SWIFTNetSWIFTNet Phase 2 migration Phase 2 migration update & processupdate & process

Alliance Alliance LiteLite

AgendaAgenda

Timeline overview Timeline overview TW TW SWIFTNetSWIFTNet Phase 2 status update Phase 2 status update Q3 and Q4 2008 activitiesQ3 and Q4 2008 activitiesHow to process RMA bootstrapHow to process RMA bootstrapUseful Knowledge Base tipsUseful Knowledge Base tipsQuestions & AnswersQuestions & AnswersAlliance Alliance LiteLite

SWIFTNet FIN Phase 2Overall timeline

27 Sep 2008

RMA recording

SWIFTNet Phase 2 Status (Taiwan)

Taiwan C2 ended on May 31, 2008100% (75 BICs) have already submitted their RMA Readiness Confirmation Form100% (75 BICs) have already demonstrated their ability to use Live RMA

RMA ReadinessQ3 Contingency Period

T21Q08 2Q08 3Q08 4Q08

• Penalties - Contingency period=> penalties apply if not yet sent/received 1st Live RMA to own BIC

• Incentive to stimulate best practice for operational readiness=> RMA service fee in Q4 waived for BIC8 if

(1) 1st Live RMA sent/received before 30 June 2008(2) Live RMA usage repeated in July 2008

• Customer reviews relationship management processes• Migration Status report (SAA/E)• Free SWIFTWatch 2007 RMA Granularity Report for all

• Penalties - Contingency period=> penalties apply if not yet sent/received 1st Live RMA to own BIC

• Incentive to stimulate best practice for operational readiness=> RMA service fee in Q4 waived for BIC8 if

(1) 1st Live RMA sent/received before 30 June 2008(2) Live RMA usage repeated in July 2008

• Customer reviews relationship management processes• Migration Status report (SAA/E)• Free SWIFTWatch 2007 RMA Granularity Report for all

Sep 27

SWIFTWatch 2007 RMA Granularity reportTip 2146376

Correspondent Sent/Receive Cat 1 MT101 MT102 MT103 MT110 MT111 MT112 MT190 MT191 MT192 MT195 MT196AAAABBCC Traffic sent to correspondent 295 2 0 Traffic received from correspondent 2234 3 4AABBCCDD Traffic sent to correspondent 4 Traffic received from correspondent 0 AABBDDEE Traffic sent to correspondent 22365 1 7 1 Traffic received from correspondent 368 1 2 4

Main objectives:

1. independant source for reconciliation

2. view on traffic outside recording period

3. support business decision on granularity

Available as of end April 2008

Migration Status Report on SAA/SAE

Make sure the operator profile has permission: BK Management > Open /Print CP > Access CP > Prohibited (nothing) in order to view the full list of all communicating pairs

Note:

RMA recordingMigration Status on SAA/E

RMA recordingMigration status report on SAA/E

RMA ActivationQ4 Activities

T21Q08 2Q08 3Q08 4Q08

• SWIFT rejects MT96x messages as of T2 => stop automatic BK renewal

• RMA - only method for correspondent management• RMA bootstrap• Instruct FIN interface to stop using BK

=> RMA cutover = C3 milestone• Destroy SCR & ICC

• SWIFT rejects MT96x messages as of T2 => stop automatic BK renewal

• RMA - only method for correspondent management• RMA bootstrap• Instruct FIN interface to stop using BK

=> RMA cutover = C3 milestone• Destroy SCR & ICC SWIFTNet FIN

Phase 2 Migration Completed

C3

How to process RMA bootstrapAt T2 on SAA/E

Set SWIFTNet Phase 2 parameter = ‘finalisation’– Bootstrap authorisations function will be

available– No longer be possible to maintain

relationships using BKE

Recorded BIC8 BKE Keys+

RMA

Datastore

An RMA authorisation is created for a BIC8 pair :

1) if FIN traffic was recorded 2) a valid BKE key exists

How to process RMA bootstrapAt C3 - RMA Bootstrap – export

How to process RMA bootstrapAt C3 - RMA Bootstrap – export

Useful Guide or Knowledge Base tips for SAA/SAE/SAR

Quick Reference Guide for RMA Bootstrap (Tip 2153429)How to export or to import bootstrap on SWIFTAlliance system (Tip 2146220)RMA User Guide on section 5 Cut-over to RMA (reaching C3)

From BKE to RMAAt C3 – RMA cut-over – stop using BKE keys

After bootstrap import– Instruct FIN Interface to stop using BKE keys

– On SAA/E: set migration status to ‘Finalised’

– SWIFT will monitor usage or absence of MAC

Your migration is completed!

Useful Knowledge Base (KB) tipsUseful Knowledge Base (KB) tipsHow to review recorded business relationships with the How to review recorded business relationships with the SWIFT Watch 2007 RMA Granularity Report SWIFT Watch 2007 RMA Granularity Report -- 21463762146376

Quick Reference Guide for Relationship Quick Reference Guide for Relationship Management Application Management Application BootstrapBootstrap -- 21534292153429

RMA Cutover Testing Guidelines RMA Cutover Testing Guidelines -- 21512412151241

More More ……

What if What if …… ??

www.swift.comwww.swift.com

Unwanted Live RMA authorisations in revoked, deleted or Unwanted Live RMA authorisations in revoked, deleted or rejected state preventing message authorisation rejected state preventing message authorisation -- 21394812139481

What do I do if Live RMA messages were exchanged What do I do if Live RMA messages were exchanged with my counterparties before T2 with my counterparties before T2 -- 21394792139479

Customer Service Hotline Customer Service Hotline +(852) 2852 8777+(852) 2852 8777

nswers

What is Alliance Lite?

Alliance Lite

‘Lite’ total costof ownership

‘Lite’ footprint

‘Lite’ on boarding

THE ONLY THINGYOU NEED TO CONNECT TO SWIFT

PKI USB Token

Plug your SWIFT USB Token in the USB Slot of your PC

User will be requested to Enter PIN-code

Login thru internet using USB Token

Who is it for?

Small volume financial institutions and corporates< 200 items sent/received per dayRelease 1 (October 2008):– Payments, Cash management, FX

Release 2 (2009):– Securities, Funds

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