Functionality
KDPW offers communication via the SWIFT communication system in the following areas:
1/ Settlement & Reconciliation, where MT messages compliant with the ISO15022 format can be exchanged – exclusively for KDPW direct participants;
2/ in other functional areas separated by KDPW, where it is possible to exchange ISO20022 messages – for KDPW direct participants and other entities acting as intermediaries.
The areas in which ISO20022 messages can be exchanged include:
1/ identification of securities holders (including shareholders),
2/ general meetings.
1/ Settlement & Reconciliation, where MT messages compliant with the ISO15022 format can be exchanged – exclusively for KDPW direct participants;
2/ in other functional areas separated by KDPW, where it is possible to exchange ISO20022 messages – for KDPW direct participants and other entities acting as intermediaries.
The areas in which ISO20022 messages can be exchanged include:
1/ identification of securities holders (including shareholders),
2/ general meetings.
Selection of the primary channel by KDPW for separated functional areas on the basis of the authorisation provided for in § 1i(2) of the Detailed Rules of Operation of KDPW
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for KDPW direct participants, the primary channel through which KDPW sends feedback messages to participants in the separated functional areas is the KDPW A2A interface.
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participants who wish to receive feedback messages via SWIFT must submit to KDPW the declaration of choice of primary channel in a separated functional area (ISO 20022) in accordance with the template linked below.
Requirements for establishing communication
ISO15022 messages in the area of Settlement & Reconciliation
Establishing communication with KDPW via the SWIFT system in the area of Settlement & Reconciliation requires the following steps:
1/ Ensuring connectivity to the SWIFT network and access to the FIN service.
All aspects of SWIFT implementation and configuration should be consulted with a SWIFT representative.
2/ Registration in the appropriate CUG group for the exchange of MT messages compliant with the ISO15022 format in the area of Settlement & Reconciliation.
To register, please complete the appropriate form available at www.swift.com.
Instruction for completing the FIN service form for registration in CUG
Fees for sending and receiving messages in the above service are paid by the participant (reverse billing).
Messages in the FIN service in the area of Settlement & Reconciliation should be sent:
- in the production environment (Live) to the BIC address: KDPWPLPA – service name: KDPW_FIN_CSD,
- in the test environment (Test&Training) to the BIC address: ZYAQPLP0 – service name: KDPW_FIN_CSD.
3/ RMA exchange
The exchange should be performed in the FIN service in the area of Settlement & Reconciliation for messages indicated by KDPW.
4/ Submission of the following documents to KDPW:
Declaration of choice of functionalities of the SWIFT communication system for MT messages (ISO 15022)
Declaration of choice of primary channel – if the participant wishes to change the primary channel through which the participant will receive feedback messages from the SWIFT channel to the KDPW A2A interface or vice versa.
and
Naming the person authorised to send information via the SWIFT communication system
Revocation of authorisation to send information via the SWIFT communication system
ISO20022 messages in separated functional areas
Establishing communication with KDPW via the SWIFT system for ISO20022 messages in functional areas separated by KDPW requires the following steps:
1/ Ensuring connectivity to the SWIFT network and access to the FINplus service.
All aspects of SWIFT implementation and configuration should be consulted with a SWIFT representative.
Fees for sending messages in the above service are paid by the entity in accordance with the SWIFT price list.
2/ RMA exchange.
The exchange should be performed in the FINplus service for messages indicated by KDPW..
Guidelines of establishing RMA with KDPW in separated functional areas (ISO 20022)
3/ Submission of the declaration of choice of primary channel to KDPW:
Declaration of choice of primary channel in a separated functional area (ISO 20022)– only for KDPW direct participants if the participant wishes to change the primary channel through which the participant will receive feedback messages from the KDPW A2A interface to the SWIFT channel or vice versa.
Establishing communication with KDPW via the SWIFT system in the area of Settlement & Reconciliation requires the following steps:
1/ Ensuring connectivity to the SWIFT network and access to the FIN service.
All aspects of SWIFT implementation and configuration should be consulted with a SWIFT representative.
2/ Registration in the appropriate CUG group for the exchange of MT messages compliant with the ISO15022 format in the area of Settlement & Reconciliation.
To register, please complete the appropriate form available at www.swift.com.
Instruction for completing the FIN service form for registration in CUG
Fees for sending and receiving messages in the above service are paid by the participant (reverse billing).
Messages in the FIN service in the area of Settlement & Reconciliation should be sent:
- in the production environment (Live) to the BIC address: KDPWPLPA – service name: KDPW_FIN_CSD,
- in the test environment (Test&Training) to the BIC address: ZYAQPLP0 – service name: KDPW_FIN_CSD.
3/ RMA exchange
The exchange should be performed in the FIN service in the area of Settlement & Reconciliation for messages indicated by KDPW.
4/ Submission of the following documents to KDPW:
Declaration of choice of functionalities of the SWIFT communication system for MT messages (ISO 15022)
Declaration of choice of primary channel – if the participant wishes to change the primary channel through which the participant will receive feedback messages from the SWIFT channel to the KDPW A2A interface or vice versa.
and
Naming the person authorised to send information via the SWIFT communication system
Revocation of authorisation to send information via the SWIFT communication system
ISO20022 messages in separated functional areas
Establishing communication with KDPW via the SWIFT system for ISO20022 messages in functional areas separated by KDPW requires the following steps:
1/ Ensuring connectivity to the SWIFT network and access to the FINplus service.
All aspects of SWIFT implementation and configuration should be consulted with a SWIFT representative.
Fees for sending messages in the above service are paid by the entity in accordance with the SWIFT price list.
2/ RMA exchange.
The exchange should be performed in the FINplus service for messages indicated by KDPW..
Guidelines of establishing RMA with KDPW in separated functional areas (ISO 20022)
3/ Submission of the declaration of choice of primary channel to KDPW:
Declaration of choice of primary channel in a separated functional area (ISO 20022)– only for KDPW direct participants if the participant wishes to change the primary channel through which the participant will receive feedback messages from the KDPW A2A interface to the SWIFT channel or vice versa.
System availability
Messages sent via the SWIFT communication system are processed in KDPW’s internal system on business days between 6 a.m. and 9 p.m.
Architecture
- The communication layer is implemented based on SWIFT system solutions.
- The use of SWIFT infrastructure in the exchange of data with the KDPW IT system makes it possible to use the existing supported infrastructure without having to expand it with mechanisms specific to KDPW communication solutions.
- The confidentiality, integrity and non-repudiation of transmitted data is ensured by mechanisms used in the SWIFT network, based on recognised standards of cryptographic data exchange security.
- The communication layer of the solution uses SWIFTNet services, which eliminates the need to maintain and service proprietary dedicated telecommunications connections.
Documentation
Detailed configuration parameters are only available to persons authorised by the participant.
Up-to-date SWIFT software documentation is available at www.swift.com.