Functionalities realisable through the SWIFT Message Processing System:
- exchange of settlement documents;
- exchange of documents in providing services for the payment of benefits from securities.
- Exchange of information is performed based on the MT messages in the format of the ISO15022 Settlement & Reconciliation;
- The communication layer of the offered solution uses advanced SWIFT system service: SWIFTNet FIN available in the SWIFTNet network;
- As SWIFT infrastructure is used to exchange data with the KDPW. IT system, the existing and supported infrastructure can be used without adding mechanisms specific to KDPW communication solutions;
- Confidentiality, integrity and non-repudiation of data transferred in the new communication channel are ensured by SWIFT mechanisms based on recognised cryptographic standards of data exchange and electronic signatures, eliminating the need of implementation of cryptographic mechanisms in the user's IT system as required in ESDI/WEB and ESDK;
- The communication layer of the offered solution uses SWIFTNet services, eliminating the need of maintenance and service of own dedicated telecommunication lines;
- Standard integration of SWIFT infrastructure with the Participant's registration system based on MQ message queuing mechanisms allows to reduce the number of communication interfaces dedicated to supporting different processes and to cut the maintenance cost of communication solutions;
- The offered solution is compliant with the recommendations of the Giovannini working group developing standards of information exchange in the international capital market.
Basic Requirements: Participant's Side
1. Communication with the SWIFT and providing access to FIN service.
All SWIFT implementation and configuration issues must be consulted with a SWIFT technical representative.
2. Registration in the CUG after fulfilment of the KDPW formal requirements.
In order to register, complete the relevant form available at www.swift.com. All steps required to complete the FIN service form are described in the instructions available under Documentation / Instructions. Users are activated 2 weeks after registration. Fees for sending and receiving messages in the service are borne by the User (reverse billing).
Exchange of MT messages
Users can send Settlement & Reconciliation ISO15022 format MT messages and use the declared functionalities of the SWIFT Message Processing System. Messages are sent via SWIFTNet using the SWIFTNet FIN service.
Note:
Settlement & Reconciliation SWIFTNet FIN service messages in the Live environment should be sent to the BIC address: KDPWPLPA, and in the Test&Training environment to the BIC address: ZYAQPLP0.
The latest the SWIFT Message Processing System documentation can be found below.
The structure of MT messages is consistent with the format in the field of ISO15022 Settlement and Reconciliation. Detailed configuration parameters are only made available to those persons authorised by the participant. The latest SWIFT software documentation can be found on www.swift.com.