ISO Rabobank Groep. Ton Versteeg Rabobank Nederland, Utrecht. 4 november 2009

Transcription

1 ISO Ton Versteeg Rabobank Nederland, Utrecht 4 november 2009 Rabobank Groep

2 Introduction What is ISO Standard developed under ISO/TC68 (financial arm of ISO) Modelling-based approach to develop standardised messages Used for financial messages Described in 5 parts 2 Rabobank Groep

3 ISO The actors (1/2) Submitting organisations Communities of users or organisations that want to develop ISO compliant messages to support their financial transactions Could be ACBI ACORD Clearstream CLS Reasons Euroclear FED FIX FpML IFX ISITC ISTH MDDL OAGI Omgeo SWIFT TWIST Etc. Creation of a new set of ISO messages to support a specific transaction Update of existing ISO message sets to accommodate the evolution of the business 3 Rabobank Groep

4 ISO The actors (2/2) Registration Management Group, RMG Overall governance / court of appeal Approve business justifications for new standards Create Standards Evaluation Groups, SEGs Standards Evaluation Groups, SEGs Represent future users of specific financial areas Validate message standards Registration Authority, RA Ensure compliance Maintain and publish ISO Repository 4 Rabobank Groep

5 ISO The registration process (1/3) R M G m o n i t o r s Submitter Business justification RMG SEG Submitter & RA SEG RA Repository Dictionary Catalogue Financial industry group or standards body Business justification Project approval & allocation to a SEG Endorsement of scope and developers Development & provisional registration Business validation & technical assessment Official registration Publication 5 Rabobank Groep

6 ISO The registration process (2/3) R M G m o n i t o r s Submitter Business justification RMG SEG Submitter & RA SEG RA Repository Dictionary Catalogue Financial industry groups & standards bodies Business justification Project approval & allocation to a SEG Endorsement of scope and developers Development & provisional registration Business validation & technical assessment Official registration Publication Candidate ISO messages ISO 2022 messages 6 Rabobank Groep

7 ISO The registration process (3/3) ISO Registration Management Group Business justification ISO messages ISO Registration Authority ISO Financial Repository Data Dictionary Business Process Catalogue Business models Candidate UNIFI messages ISO Standards Evaluation Groups Securities Payments ISTH MDDL FpML SWIFT FIX ISO WGs ISO Users TBG5 7 Rabobank Groep

8 ISO 2022 The Repository The Financial Repository Data Dictionary - Business Concepts - Message Concepts - Data Types Business Process Catalogue Business Process Catalogue - Financial business process models - Financial business transactions, including messages - XML message schemas 8 Rabobank Groep

9 ISO 2022 How does it fit into the ISO structure? SC2 Security SC4 Securities ISO Technical Committee TC68 Financial Services SC6 Retail SC7 Core banking ISO RMG WG4 ISO Review RMG members nominated by P-member countries and A-liaison organisations RA SEG members nominated by all member countries and liaison organisations SEG SEG Securities SEG Payments 9 Rabobank Groep

10 ISO Registration Management Group Members - 50 senior managers from: 18 countries: AT, AU, CA, CH, DE, DK, FI, FR, GB, IT, JP, KR, LU, NL, NO, SE, US, ZA. 9 liaison organisations: Clearstream, Euroclear, FIX, FpML, ISITC, SWIFT, TWIST, UN/CEFACT/TBG5, VISA. Convener: Gerard Hartsink, ABN AMRO (NL) Key decisions: Creation of a Payments, Securities Trade and Treasury SEGs Approval of Business Justifications 10 Rabobank Groep

11 ISO The Payments SEG (1/3) Members 30 experts 14 countries: AT, AU, CH, DE, DK, FI, FR, GB, NL, NO, SE, US, ZA,JP 4 liaison organisations: Euroclear, IFX, SWIFT, UN/CEFACT/TBG5 Convener: Len Schwartz, RBS (NL); Vice-convener: Bob Blair, JPMorganChase (US) Approved: C2B payment initiation (SWIFT/ISTH), Exceptions and investigations (SWIFT), Direct Debits (SWIFT), Interbank credit transfers (SWIFT) Next: EBAM E-Bank Account Management available December 2009/January Rabobank Groep

12 ISO The Payments SEG (2/3) covering instruments such as: Credit transfers Direct debits Cheques Debit & credit cards Payments covering actors such as: Private & corporate customers Payment factories Financial institutions Central banks Clearing houses & RTG systems 12 Rabobank Groep

13 ISO The Payments SEG (3/3) including business areas such as: Payment initiation Retail / commercial payments, communications between the ordering customer and its bank, etc. Account opening, standing orders, transaction and account information, advices & statements from Payments Clearing & settlement Interbank transfers via correspondent banking or ACHs, high value payments, low value bulk payments, RTGS, etc. Cash management between various actors:...the account servicing institutions to account owners, including reporting from the financial institution to the ordering & beneficiary customers, reconciliation, exceptions & investigations handling. 13 Rabobank Groep

14 Electronic Bank Account Management Today s issues and project objectives Today Tomorrow Paper Fax XML messages Supporting documents Slow Expensi ve Low integration Low satisfaction Automated/STP Standardised Dematerialised Faster/cheaper 14 Rabobank Groep

15 List of Messages AccountOpeningRequestV01 AccountOpeningAmendmentRequestV01 AccountOpeningAdditionalInformationRequestV01 AccountExcludedMandateMaintenanceRequestV01 AccountExcludedMandateMaintenanceAmendmentRequestV01 AccountMandateMaintenanceRequestV01 AccountMandateMaintenanceAmendmentRequestV01 Account ClosingRequestV01 AccountClosingAmendmentRequestV01 AccountClosingAdditionalInformationRequestV01 AccountDeletionRequest V01(T2S) AccountReportRequestV01 AccountReportV01 AccountRequestAcknowledgementV01 AccountAdditionalInformationRequestV01 15 Rabobank Groep 15

16 nswers 16 Rabobank Groep