TARGET2 user Manual v1.3 changes
Contents
1. Field Presence Description Participant BIC The Addressee BIC of the PM participant who indi cates the New Standing Order Bilateral Limit New Standing Entry field for the amount of the New Standing Order Order Limit Bilateral Limit towards the one selected PM parti EUR cipant Sub frame Setting change increase decrease reset to zero of Bilateral Limit towards selected PM participant New Current Multilateral Limit EUR F metting change increase decrease reset to zero of Multilateral Limit towards PM participant New Current Multilateral Limit EUR Hew Current Multilateral Limit EU ER for the event of a participant CB failure and Contingency Page 21 of 45 Field Presence Description _ New Current Entry field for the amount of the New Current Multi Multilateral Limit lateral Limit towards all PM participants with which EUR no Bilateral Limit was previously entered Sub frame Setting change increase decrease reset to zero of Bilateral Limit towards selected PM participant New Standing Order Multilateral Limit EUR S metting change increase decrease reset to zero of Multilateral Limit towards PM participant New Standing Order Multilateral Limit EUR New Standing Order Multilateral Limit EUR Field Presence Description New Standing Entry field for the amount of the New Standing Order Order Multilateral Multilateral Limit towards all PM parti2. TARGET2 User Manual for the event of a participant CB failure and Contingency Version 1 3 26 November 2012 2006 Copyrigh authorised with lt Versioning no Date Comments Backup functions updated EURO1 via External CB dla Sub frame MT202 20 07 2012 Inclusion of Start of procedure cycle 26 11 2012 Inclusion of the Insert change Logo function for the event of a participant CB failure and Contingency Page 2 of 45 1 Introduction To provide for the smooth running of the business day also during a contingency the possibility to act on behalf of a failed participant has been implemented in TARGET2 In the situation that the participant Cl AS financial institution has failed due to a technical problem on the participant site the responsible CB may carry out certain tasks on behalf of the failed participant via the ICM In addition if the responsible CB is not able to support their participants and also not able to carry out the tasks normally assigned to it the SSP Operational Team can act on behalf of the failed CB In this unusual situation the forms set out in this document must be used Contingencies are also covered by the forms In the event that the SSP fails the Contingency Module CM will be used Only the SSP Operational Team OT is allowed to open the Contingency Module according ot the procedures set out in the T2 Manual of Procedures The SSP OT together with the respon
3. Forms to be filled in 4 Forms for HAM account holder XXX HAM participant BIC Attached forms Main Form S000 LI Sub Forms 5015 Contact details C 5012 Additional for ICM access L Optional Forms S100 Home Accounting Module L 5200 Standing Facilities Module L S300 Reserve Management Module L HAM account The Addressee BIC 11 of the HAM account holder holder BIC for which the responsible NCB will submit any addi tional Static Data registration forms must be entered in this field It defines the BIC though which the HAM account holder sends and receives payment messa ges Only 11 characters are possible Attached forms M The responsible NCB should mark the option fields for checking according to the submitted Static Data Registration forms Sub frame Forms for NCB customer 6xxx Forms to be filled in 5 Forms for CE customer 6x CE Customer BIC Attached forms Main Form 6000 S sub Forms 6012 gt LE Ter DN for ICM access 6100 Home Accounting Module Field Presence Description NCB Customer The Addressee BIC 11 of the NCB customer for BIC which the responsible NCB will submit any addi tional Static Data registration forms must be entered in this field It defines the BIC though which the NCB customer sends and receives payment messages Only 11 characters are possible Attached forms The responsible NCB sho
4. i l TIL Field Presence Description Transaction M An alphanumeric reference of up to 16 characters Reference assigned by the sender to messages sent over the Number SWIFT network unique per business day M The Addressee BIC 11 of the participant debtor must be entered in this field It defines the BIC through which the direct participant sends and re ceives payment messages Only 11 characters are possible Receiver BIC 11 The Addressee BIC 11 of the participant creditor must be entered in this field It defines the BIC through which the direct participant sends and re ceives payment messages Only 11 characters are possible Amount EUR O Entry field for the amount Only 15 characters inclu Sender BIC 11 for the event of a participant CB failure and Contingency Page 24 of 45 ding the comma are possible po NewPr M Select the priority U urgent for normal and N normal for urgent payments as new priority Sub frame Change the order of the payments re ordering decrease 13 Change the order of the payments re ordering decrease TEN sender BIC 11 Receiver BIC 11 Amount EUR i ee L rrr L lll TE L L 1 i Ll a a lt e Nts NNN _ s Change the order of the payment re ordering increase TEN sender BIC 11 Receiver BIC 11 Amount EUR xl a Field _ __ Presence Description Transaction M An alphanu
5. Entry field for the Entry Time at which the trans hh mm action arrived in PM Use the format hh mm Settlement Model O Settlement Model requested in the file 3 3 3 Chapter 3 Home Accounting Module Frame Queue Management for the event of a participant CB failure and Contingency Page 38 of 45 Sub frame Revocation of one HAM transaction Queue Management 1 Revocation of one HAM transaction Tenni ue EBD ee HAM Participant BIC TRN sender BIC 11 Receiver BIC 11 Amount ENE Lr Field ae Description HAM Participant BIC Transaction Reference Number M Sender BIC 11 Receiver BIC 1 1 Amount EUR S The Addressee BIC 11 of the HAM participant which previously initiated the HAM transaction must be entered in the field Only 11 characters are pos sible An alphanumeric reference of up to 16 characters assigned by the sender to messages sent over the SWIFT network unique per business day The Addressee BIC 11 of the participant debtor must be entered in this field It defines the BIC through which the direct participant sends and re ceives payment messages Only 11 characters are possible The Addressee BIC 11 of the participant creditor must be entered in this field It defines the BIC through which the direct participant sends and re ceives payment messages Only 11 characters are possible Entry field for the amount Only 15 characters inclu ding the comma
6. for the event of a participant CB failure and Contingency Page 41 of 45 Sub frame Forms for direct participant 1xxx Forms to be filled in 1 Forms for direct participant lxxx Participant EIC Attached forms Main Form 1000 R Sub Forms 1012 Additional DM for ICM access L 1013 Addressable BIC and Multi addressee access 1014 Sub account for dedicated liquidity L 1015 Contact Item R 1016 Liquidity Pooling Ge Manager L 1017 Liquidity Pooling Geo Member L 1018 Direct Debit R 1102 Co Management form E Optional Forms 1200 Standing Facilities Module L 1300 Reserve Management Module L Field _ sS Presence Description Participant BIC The Addressee BIC 11 of the direct participant for which the responsible NCB will submit any ad ditional Static Data registration forms must be en tered in this field It defines the BIC though which the direct participant sends and receives payment messages Only 11 characters are possible Attached forms The responsible NCB should mark the option fields for checking according to the submitted Static Data Registration forms Sub frame Forms for ancillary systems 2xxx for the event of a participant CB failure and Contingency Page 42 of 45 Forms to be filled in Z Forms for ancillary systems XX Ancillary System BIC Attached forms Wain Form 2000 L Sub
7. Forms 2001 Ancillary System Banks L 2002 AS mandate for Settlement Banks 2015 Contact Item Field Presence Description Ancillary System The Addressee BIC 11 of the ancillary system for BIC which the responsible NCB will submit any addi tional Static Data registration forms must be entered in this field It defines the BIC though which the AS sends and receives XML messages Only 11 cha racters are possible Attached forms M The responsible NCB should mark the option fields for checking according to the submitted Static Data Registration forms Sub frame Forms for indirect participants 4xxx Forms to be filled in E Forms for indirect participant YX Participant BIC Attached forms Wain Form 4000 LI Sub Form 4013 Addressable BIC L T L H E A A Desenption a EA Indirect participant The Addressee BIC 11 of the indirect participant BIC for which the responsible NCB will submit any additional Static Data registration forms must be entered in this field It defines the BIC though which the indirect participant sends and receives payment messages via the direct participant Only 11 characters are possible Attached forms M The responsible NCB should mark the option fields for checking according to the submitted Static Data Registration forms for the event of a participant CB failure and Contingency Page 43 of 45 Sub frame Froms for HAM account holder 5xxx
8. NCB Entry text field for the current business date Entry field for the Reference Number for identification purposes in case several forms are sent on one day Control field to indicate the mandatory optional modules The related chapter of the previously selected mo dules will be displayed in following pages of the form All other chapters for the event of a participant CB failure and Contingency The entered data will also be copied auto matically in the header of the following page s List of all Country Codes of the Central Banks The entered data will also be copied auto matically in the header of the following page s The date is entered in format yyyy mm dd The entered data will also be copied auto matically in the header of the following page s The reference number is entered in free format The entered data will also be appeared auto matically in the header of the following page s By pushing the button Enter or in alternativ Tap the entire form will refresh In consequence and with reference to the selected control fields only the related chapters will be visible Page 9 of 45 appear Contact This field must be used to Information identify the contact person The combo box contains the following values for failed participant NCB Name Role Phone Fax Email At least one contact per son should be indicated 2 1 2 Header of the page The following i
9. modify the amount subject to minimum reserve requirements It defines the BIC though which the direct participant sends and receives payment messages Only 11 charac ters are possible for the event of a participant CB failure and Contingency Page 40 of 45 e lia changed Entry field of the new amount subject to minimum reserve requirements for the next maintenance period Frame Penalties Sub frame Authorise and Cancel Penalties E Authorise and Cancel Participant BIC A Participant BIC C Participant BIC A L Field gras Description Participant BIC The Addressee BIC 11 of the participant who indi cates the authorisation or cancellation must be en tered in this field It defines the BIC through which the direct participant sends and receives payment messages Only 11 characters are possible Entry field for instruction of authorise A or can cel C 3 3 5 Chapter 5 Static Data Frame Forms to be filled in The responsible NCB can use this frame as a check list for any additional submitted Registration forms Static Data It consists of six sub frames Sub frame Forms for direct participant 1xxx Sub frame Forms for ancillary systems 2xxx Sub frame Forms for indirect participants 4xxx Sub frame Forms for HAM account holder 5xxx Sub frame Forms for NCB customer 6xxx Sub frame Forms for Central Bank 3xxx
10. of 45 Field eee Description Reference 21 Amount a Mw Entry field for the amount Only 15 characters inclu 32 A ding the comma are possible Ordering This field specifies the ordering institution only filled Institution BIC a in if the BIC of ordering institution is different to the 52 A sender one quoted in block 2 of the header Beneficiary BIC EBAPFRPPSA 58 A os This field specifies the financial institution which has been designated by the ordering institution as the ulti mate recipient of the funds being transferred al frame liquidity redistribution payment One direct PM participant Backup payment via External Central Bank Amount ENE Receivers Correspondent BIC Beneficiary Institution BIC 32 A 54 Ad 58 A Field Presenee Description _ __ Amount EUR T Entry field for the amount Only 15 characters inclu 32 A ding the comma are possible Beneficiary This field specifies the financial institution which has Institution BIC been designated as the ultimate recipient of the funds 58 A being transferred for the event of a participant CB failure and Contingency Page 15 of 45 3 1 2 Chapter 2 Contingency Module Sub frame Credit transfer Flow of payments transactions 1 Credit transfer Participant BIC debitor Counterpart BIC creditor Amount RU R Payment Type Fidd Presence Description Participant BIC debitor Counterpart BIC c
11. participant sends and receives payment messages Only 11 characters are possible The Addressee BIC 11 of the participant creditor must be entered in this field It defines the BIC through which the direct participant sends and receives payment messages Only 11 characters are possible Entry field for the amount Only 15 characters inclu ding the comma are possible Sender BIC 11 Receiver BIC 1 1 Amount EUR REJTIME CLSTIME hh mm Time TILTIME REJTIME CLSTIME Transactions which should be executed before a certain time only warning indicator codeword TILTIME Transactions to be executed before a certain time code word REJTIME Transactions which should be executed up to certain time codeword CLSRIME Use the format hh mm tt M TILTIME Entry field for time indication of New Latest Debit 3 2 2 Chapter 2 Ancillary System Interface Frame Payment Processing in AS Using this frame the Ancillary System will be able to indicate any kinds of reservation lt consists of three sub frames e Sub frame Change the Settlement Period e Sub frame Stop cycle e Sub frame Stop procedure for the event of a participant CB failure and Contingency Page 28 of 45 Sub frame Change the Settlement Period Payment Processing in ASI Change the Settlement Period File Reference Entry Time settlement Model Hew End of hh mm ss Settlement Feriod E Presence Description File Refer
12. participants Form I has valid authorisation carrying out of the requested actions on behalf of their participants Form 1 filling in the mandatory fields in Payments Form filling in the optional fields in Payments Form filling in the mandatory fields in Form II filling in the optional fields in Form II forwarding Payments Forms Il to the SSP OT providing a direct contact point for all questions related to the business cases 2 Overall Structure 2 1 Common structure of the forms Each form is divided into two parts 1 general information related to the participant responsible NCB on front page 2 special information for various business cases related to selected SSP modules Pages except the front page are composed of the title and one or serveral frames Each frame is designed for the information related to a specific business case Some frames are also broken down into sub frames 2 1 1 Front page The front page is for general information in order to e identify the failed participant responsible NCB BIC e identify the responsible NCB by the country code which will act on behalf of the respective participant e indicate the date of failure e indicate the Reference Number in case several forms are sent during an incident for the event of a participant CB failure and Contingency Page 7 of 45 Furthermore it is necessary to e identify the SSP modules to be used both mandatory and optional modu
13. 11 Receiver BIC 11 Amount EUR L C ase eee FT L D L C ea lt e DE eater IL mear M The reference 12 characters to identify the Group ID of Account to Aad the omer ech belongs to Transaction a An alphanumeric reference of up to 16 characters Reference assigned by the sender to messages sent over the Number SWIFT network unique per business day Sender BIC 11 N The Addressee BIC 11 of the participant debtor must be entered in this field It defines the BIC through which the direct participant sends and re ceives payment messages Only 11 characters are possible Receiver BIC 1 1 M The Addressee BIC 11 of the participant creditor must be entered in this field It defines the BIC through which the direct participant sends and re for the event of a participant CB failure and Contingency Page 37 of 45 I ceives payment messages Only 11 characters are possible Amount EUR Entry field for the amount Only 15 characters inclu ding the comma are possible ou frame Revocation of one file proc 4 and 5 Revocation of one file proc 4 and 5 Ancillary System BIC File Reference Entry Time Settlement Model aa ka hh mrm ma waooo 7 Presence Description is Ancillary System aoe The Addressee BIC 11 of the Ancillary System BIC which initiated the processing of the file File Reference a Group Identification indicated in the Group Header of the XML file ed by the SSP Entry Time
14. ages Only 11 characters are possible Amount EUR M Entry field for the amount Only 15 characters inclu ding the comma are possible Sub frame Revocation of one payment 14 Revocation of one payment TEH sender BIC 11 Receiver BIC 11 Amount ETE Ll L a dC 6 l ll test ell CC UL SMN SdLdJ L HIL a TIL Presence Description Transaction M An alphanumeric reference of up to 16 characters Reference assigned by the sender to messages sent over the N Number SWIFT network unique per business day Sender BIC 11 The Addressee BIC 11 of the participant debtor must be entered in this field It defines the BIC through which the direct participant sends and re ceives payment messages Only 11 characters are possible Receiver BIC 11 The Addressee BIC 11 of the participant creditor must be entered in this field It defines the BIC through which the direct participant sends and re ceives payment messages Only 11 characters are possible Amount EUR M Entry field for the amount Only 15 characters inclu ding the comma are possible for the event of a participant CB failure and Contingency Page 26 of 45 Sub frame Change the Execution Time of a payment Change Earliest Debit Time 15 Sa the Execution Time of a payment Change Earliest Debit Time sender BIC 11 Receiver BIC 11 Amount RU R FROTIM mim 3s hang i ein Tne the Execution Time of a payment _ a Debi
15. alculated New Credit Line EUR Participant BIC Calculated New Credit Line EUR Participant BIC Calculated New Credit Line EUR Participant BIC Calculated New Credit Line EUR Presence Description Participant BIC The Addressee BIC 11 of the participant who indi cates to define change the Credit Line must be en tered in this field It defines the BIC through which the direct participant sends and receives payment messages Only 11 characters are possible Calculated New Entry field for the amount of Calculated New Credit Credit Line EUR Line Only 15 characters including the comma are possible for the event of a participant CB failure and Contingency Page 35 of 45 Frame Backup payment Sub frame Activate Backup Backup payment 2 Activate Backup Participant BIC Participant BIC _ L Participant BIC Participant BIC Participant BIC Participant BIC Field _ Presence Description Participant BIC The Addressee BIC 11 of the participant who indi cates to use the backup function It defines the BIC through which the direct participant sends and re ceives payment messages Only 11 characters are possible 3 3 2 Chapter 2 Ancillary System Interface Frame Payment Processing in AS Using this frame the responsible NCB can revoke AS payments and will also be able choose between the revocation of AS payments f
16. ants The valid formats for inserting a Logo are jog and bmp files By filling in the fields on the cover page of each form different macros will be activated The cover page should be filled in step by step At each step the whole form will be refreshed with the general information already input and the relevant se lected option fields for the event of a participant CB failure and Contingency Page 4 of 45 1 3 Procedure There are two possible situations 1 a participant or the responsible CB is failed in this case the responsible CB or the SSP OT will act on behalf the CB in PAPSS 2 the SSP is failed in this case the responsible CB or the SSP OT will act on behalf of the CB in the CM Both situations are covered by the 3 different forms Three different forms are provided 1 Payments is intended for participants or CBs acting as a participant 2 Form l is intended for participants or CBs acting as a participant 3 Form Il is intended for the responsible CB to 1 and 2 Payments and Form l intended for use of a participant or a CB acting as a participant are available via the responsible NCB Participants should download the required forms and enter the required data in the form Once completed by the participants the forms should be printed out and signed before forwarding to the responsible NCB The responsible NCB validates the signatures Afterwards the responsible NCB will input the relevant data on be
17. aracters M eee the comma are possible Highly urgent ern Select the option field to identify the priority of the Urgent reservation for the current business day Sub frame Change the amount reset to zero the liquidity reserved 11 Change the amount reset to zero the liquidity reserved Participant BIC Amount EU EF Highly urgent E Urgent STEREO Description Participant pra The Addressee BIC of the PM participant who indicates a new highly urgent urgent reservation for the current business day Amount EUR M field for the amount Only 15 characters inclu M the comma are possible Highly urgent M Select the option field to identify the priority of the for the event of a participant CB failure and Contingency Page 23 of 45 Urgent reset reservation Frame Queue Management Using this frame the participant will be able to optimize the order of transactions in the PM payment queue It consists of four sub frames e Sub frame Change of priorities from normal to urgent e Sub frame Change the order of the payments re ordering decrease increase e Sub frame Revocation of one payment e Sub frame Change the Execution Time of a payment Change Earliest Debit Time Sub frame Change of priorities from normal to urgent Queue Management 12 Change of priorities from normal to urgent TEH sender BIC 11 Receiver BIC 11 Amount RU K
18. are possible 3 3 4 Chapter 4 Reserve Management Module Frame Insert value minimum reserve for the event of a participant CB failure and Contingency Page 39 of 45 Using this frame the responsible NCB opted for RM will be able to modify the amount Subject to minimum reserve requirements for both the current and the next maintenance periods It consists of two sub frames e Sub frame Current maintenance period e Sub frame Next maintenance period Sub frame Current maintenance period 1 Current maintenance period Participant BIC Defined Value New Value Participant BIC Defined Value New Value Participant BIC Defined Value New Value Field Presence Description Participant The Addressee BIC 11 of the direct participant for SWIFT BIC which the responsible NCB will modify the amount subject to minimum reserve requirements It defines the BIC though which the direct participant sends and receives payment messages Only 11 charac ters are possible ii e changed Entry field of the new amount subject to minimum reserve requirements for the current maintenance period Sub frame Next maintenance period 2 Next maintenance period Participant BIC Defined Value New Value Participant BIC Defined Value New Value Participant BIC Defined Value New Value Presence Description Participant BIC The Addressee BIC 11 of the direct participant for whch the responsible NCB will
19. ayment STEP2 EURO1 Prefunding Sub frame Backup liquidity redistribution payment One direct PM participant Sub frame Backup contingency payment CLS Flow of payments transactions Eackup contingency payment CLS Tete enieny gue Related Reference 21 Amount ENE gen Ordering Institution eee Account with Beneficiary BIC IE CL TIME 32 A EIC 2 A institution 57 A 59 A CLSBUS33XXX IS m m E CLSR TS 2 2 XX CLSBUS33XXX CLSBUS33XXX CLSBUS33X XX IL Field cee Description Related Entry field of reference related to the transaction Reference 21 Amount a Entry field for the amount Only 15 characters inclu 32 A ding the comma are possible Ordering This field specifies the ordering institution only filled Institution BIC in if the BIC of ordering institution is different to the 52 A sender given in block 2 in the header Account with CLSBUS33XKXX Institution 57 A This field identifies the financial institution only filled in if the BIC of Account with Institution is different to for the event of a participant CB failure and Contingency Page 13 of 45 he receiving one quoted in block 1 in the header on BIC T faa field specifies the financial institution which has 58 A been designated by the ordering institution as the T eeng recipient of the funds being transferred N The time indication by which the funding payment 72 must be
20. cipants with Limit EUR which no Standing Order Bilateral Limit was pre viously entered Frame Reservations Using this frame the participant will be able to indicate any kinds of reservation It con sists of three sub frames e Sub frame Input a default amount for the following day e Sub frame setting a new highly urgent reservation urgent reservation for the current business day e Sub frame Change the amount reset to zero the liquidity reserved Sub frame Input a default amount for the following day Reservations 7 Input a default amount for the following day Participant BIC Amount ENE Highly urgent Urgent for the event of a participant CB failure and Contingency Page 22 of 45 Field Presence Descipion _ __ peee H aeaa ee cates the default amount Manal Entry field for ne amount Only 15 characters inclu ding the comma are possible Highly urgent Select the option field to identify the priority of the Urgent reservation Sub frame Setting a new highly urgent reservation urgent reservation for the current busi ness day 10 sain a new highly urgent reservation urgent reservation for the current business day Participant BIC Amount ETE Highly urgent S Urgent Presence Description Participant Ta ec The Addressee BIC of the PM participant making a new highly urgent urgent reservation for the current business day ae EUR m field for the Pp Only 15 ch
21. credited to the CLS Bank s account of the central bank expressed in Central European Time CET Sub Mame Backup contingency payment EURO1 Guarantee account Era U m e EB APFRPPCOLo S L lll EEF si i i sSs_Csd aa S EE APFRPPCOLo S 20000 mi mil EBAPFRPPCOLo EE Mp palais S EB APFRPPCOLo S Related M Entry field of reference related to the transaction Reference 21 Amount T a Entry field for the amount Only 15 characters inclu 32 A ding the comma are possible Ordering This field specifies the ordering institution only filled Institution BIC in if the BIC of ordering institution is different to the 52 A sender quoted in block 2 of the header Beneficiary BIC EBAPFRPPCOL 58 A This field specifies the financial institution which has been designated by the ordering institution as the ulti mate recipient of the funds being transferred Sub frame Backup contingency payment STEP2 EURO1 Prefunding 20 Backup contingency payment S TEP2 Prefunding o Oo Related Reference Amount EURT Ordering Institution BIC Beneficiary Institutio Institution 0 21 0 32 A o 52 A 0 BIC 58 Ajo 0000 0 Sees 00000 EB APFRPPPS AG oooo oj oooo or SO EBAPFRPPPS AG 200005 9909900 EO EBAPFRPPPS AD 60990 0909 or 90000 EBAPFRPPPS AG L E IE E 00000 90900 E 5 D Eo BI for the event of a participant CB failure and Contingency Page 14
22. der de fault reservation Date of Entry field for Date of reservation Use the for reservation mat hh mm dd yyyy mm dd Defined Value O The value of the previously entered reservation Entry field for the amount of new reservation Frame Queue Management Using this frame the participant will be able to optimize the order of transactions in the HAM payment queue It consists of four sub frames e Sub frame Change the order of the payments re ordering decrease e Sub frame Change the order of the payments re ordering increase for the event of a participant CB failure and Contingency Page 32 of 45 Sub frame Change the order of the payments re ordering decrease Queue Management 4 Change the order of the payments re ordering decrease TEN sender BIC 11 Receiver BIC 11 Amount RU R Change the order of the payment re ordering increase TEN sender BIC 11 Receiver BIC 11 Amount RU R a ee eee LH TL TL te TI Transaction T An alphanumeric reference of up to 16 characters Reference assigned by the sender to messages sent over the Number SWIFT network Sender BIC 11 The Addressee BIC 11 of the participant debtor must be entered in this field It defines the BIC through which the direct participant sends and re ceives payment messages Only 11 characters are possible Receiver BIC 1 1 The Addressee BIC 11 o
23. ence M Group Identification indicated in the Group Header of the XML file received by the SSP hh mm ss arrived in PM Use the format hh mm ss Settlement Model __O_ Number of the procedure requested in the file ___ New End of Entry field of the New End of Settlement Period It is Settlement Period filled in if an element To Time or Duration is pre hh mm ss sent in Settlement PeriodType indicated in the hea der of the XML file Use the format hh mm ss Sub frame Stop the procedure In order to start the procedure select the option field 17 Startofprocedure L Sub frame Start the cycle In order to start the cycle select the option field as Startof cycle LJ Sub frame Stop the cycle In order to stop the current running cycle select the option field E End of cycle LJ for the event of a participant CB failure and Contingency Page 29 of 45 Sub frame Stop the procedure In order to stop the current running procedure select the option field Endofprocedure L 3 2 3 Chapter 3 Home Accounting Module Fame Liquidity Transfer Using this frame the HAM account holder will be able to initiate any kind of liquidity transfer It consists of two sub frames e Sub frame Same different Participant e Sub frame CB Customer Sub frame Same different Participant Liquidity Transfer 1 same different Participant HAM Participant BIC Debit Account BIC 11 Credi
24. etween RIGS ac BIC 11 counts and Home accounts This functionality is only available for PHAs if the respective NCB supports the necessary interface to the ICM Combo box for entry of the account type creditor RTGS Sub account Page 19 of 45 Mirror account Amount EUR Entry field for the amount Only 15 characters inclu ding the comma are possible Change the Level Out Sequence for Virtual Account 4 Change the levelling out sequence for Virtual Account Participant BIC Balance EUR Level Out Sequence L C ee e a rr __ ee ee rr __ ee L __ S Field Presence Description Participant BIC M The Addressee BIC 11 of the participant account which will be used to fund the debit balances on single accounts inside the Virtual Account Balance EUR M This field contains the current balance on the PM participant account which will be used to fund the debit balances on single accounts inside the Virtual Account Level Out M This field defines the priority of calling on the PM Sequence participant inside the Virtual Account to fund the debit balances on single accounts Frame Limits The participant will be able to set two different kinds of limits Bilateral Limits and Multilateral Limits valid for the current business day effective from the next business day To support this the frame consists of four sub frames Sub frame New Current Bilateral Limit EUR Sub frame New S
25. f the participant creditor must be entered in this field It defines the BIC through which the direct participant sends and re ceives payment messages Only 11 characters are possible Amount EUR Entry field for the amount Only 15 characters inclu ding the comma are possible Sub frame a ne the order of the payments re ordering increase Presence Description Transaction T An alphanumeric reference of up to 16 characters Reference assigned by the sender to messages sent over the Number SWIFT network Sender BIC 11 The Addressee BIC 11 of the participant debtor must be entered in this field It defines the BIC through which the direct participant sends and re ceives payment messages Only 11 characters are possible Receiver BIC 11 The Addressee BIC 11 of the participant creditor for the event of a participant CB failure and Contingency Page 33 of 45 must be entered in this field It defines the BIC through which the direct participant sends and re ceives payment messages Only 11 characters are possible Amount EUR M Entry field for the amount Only 15 characters inclu ding the comma are possible 3 2 4 Chapter 4 Standing Facilities Frame Overnight Deposit Sub frame Liquidity transfer Overnight Deposit 1 Liquidity Transfer Participant EIC Amount EOE Participant BIC Amount EOE Participant BIC Amount ENE Field _ Sir Description Participa
26. half of the failed participants In a Contingency the same procedures will be necessary The SSP OT will open the CM Afterwards either the responsible NCB or the SSP OT will be able to insert the backup payments in CM to 3 In the event that the responsible NCB is failed it would also need to enter the required data in the relevant forms In general each NCB acts as responsible NCB but also ins some transactions as a participant Because of this the responsible NCB can use all the forms for the event of a participant CB failure and Contingency Page 5 of 45 Payments and Form I are intended for those cases where the NCB acts as a partici pant Form Il is intended for those cases where the NCB acts on behalf of a partici pant lf an NCB is failed it will obviously not be able to act on behalf of its participants In the very unlikely situation that both a participant and the responsible NCB are failed at the same time the Settlement Manager of NCB may forward all the forms from the failed participant Payments and Form the forms of the failed NCB acting as participant Payment and Form and additionally the forms of the failed NCB acting as responsible NCB Form Il to the SSP OT via fax or Cebamail The reception will be confirmed using the call back procedure via ESCB teleconference The ESCB telecon ference no has to be announced in the header of the form Il The SSP OT will call back the SSP Settlement Managers and au
27. istered in the contact list for Settlement Managers The responsible Settlement Manager must en sure his availability for the call oack phone The recorded call back procedure is initiatied by the SSP OT Forms filled in by hand will not be accepted for the event of a participant CB failure and Contingency Page 11 of 45 p og gt N c AS 5 5 L E oS a of 0 O U gt O H fs 02 D O E o o o Qa Oo U H O Ne A pa So O m O U L _ 5 Z 5 Ln DU i L qt L Q T D E S Q O gt 7 O in v a lt iy ao o r5 EE ban S S O a 7 E D O O D LE LL i oO d cs N N S c g lt a N Eg Sc fs Z Z S On Q 0 ta O Ct oO A O UL Q dd O O c oS go 9 ES De K am 40 5 OW ab z D Lo Q UI o 5 O 7 O Kan gt O pa LL i C dp Soe c o Cc 0 O o5 ab O C gt Zz A gt wy oO O O D Lap 0 N oa s A m C O c O N e O f Z Page 12 of 45 for the event of a participant CB failure and Contingency 3 Description 3 1 Description of the form Payments 3 1 1 Chaper 1 Payment Module Frame Flow of payments transactions This frame consists of four different sub frames enabling the failed participant NCB to initiate messages under different circumstances Sub frame Backup contingency payment CLS Sub frame Backup contingency payment EURO1 Guarantee account sub frame Backup contingency p
28. les and also the Contingency Module in order that the relevant frame sub frames become available The responsible NCB should add its Corporate Identity in the respective field The participant should provide all the information required on the first page The hea ders of the following pages are automatically filled in with the relevant information pro vided on front page 2 1 2 Front page Confidential a Payments Identity filled in by participant or CB acting as participant TTT TTT EEE ttt rr rrr tri iit tt A National Service Desk Phene Faz Email B Participant SWIFT BIC Responsible CE select on cc DLE Date 2007 08 28 Reference Number SOP Modules PRA chapter 1 Ch chapter 2 Contact Information ee eee Validation Remark National This field has to be filled service Desk to identify the means of communication for the event of a participant CB failure and Contingency Page 8 of 45 Participant SWIFT BIC C Responsible NCB Date Reference Number SSP Modules The combo box contains the following values of the National Help Desk of failed participant NCB e Phone e Fax e Email Entry text field for the BIC 11 of the participant A participant is identified in the SSP by one published live SWIFT BIC For direct participants this BIC must be activeated By using the combo box the participant should se lect their contact
29. meric reference of up to 16 characters Reference assigned by the sender to messages sent over the Number SWIFT network unique per business day Sender BIC 11 The Addressee BIC 11 of the participant debtor must be entered in this field It defines the BIC through which the direct participant sends and re ceives payment messages Only 11 characters are possible Receiver BIC 11 The Addressee BIC 11 of the participant creditor must be entered in this field It defines the BIC through which the direct participant sends and re ceives payment messages Only 11 characters are possible Amount EUR M Entry field for the amount Only 15 characters including the comma are possible Sub frame Change the order of the payments re ordering increase Presence Description Number Transaction M An alphanumeric reference of up to 16 characters Reference assigned by the sender to messages sent over the SWIFT network unique per business day for the event of a participant CB failure and Contingency Page 25 of 45 Sender BIC 11 The Addressee BIC 11 of the participant debtor must be entered in this field It defines the BIC through which the direct participant sends and re ceives payment messages Only 11 characters are possible Receiver BIC 1 1 The Addressee BIC 11 of the participant creditor must be entered in this field It defines the BIC through which the direct participant sends and re ceives payment mess
30. nformation from the front page will also be copied in the header of the following pages in the form Participant SWIFT BIC MAS Responsible CB DE Date 2007 09 04 Reterence Number a 2 1 3 Structure of frame The following diagram provides an overview of the structure of each frame Field for use by Central Bank input SSP OT 3 Reservations th DHE a default amount for the followingda Urgent for the event of a participant CB failure and Contingency Page 10 of 45 10 Setting a new highly urgent reservation urgent reservation for the current business day Participant BIC Amount EUR Highly urgent _ Urgent l 11 Change the amount reset to zero the liquidity reserved Participant BIC Amount EUR Highly urgent _ Urgent l 2 1 4 Declaration and signature Participant Each form must be filled in electronically printed out and signed by personel having the full authority to sign the form It should then be forwarded to the responsible NCB The responsible NCB will check the validity of the signatures Declaration and signature The undersigned declare s to have the full capacity and authority to execute the form for and on behalf of the participant requested activation by using the registration Date Signature Name s Signature s Responsible Central Bank For the responsible NCB a signature is not necessary Settlement Managers au thorised by their NCB to attend the recorded call back procedure are reg
31. nt BIC The Addressee BIC 11 of the participant who indi cates to use the Overnight Deposit must be entered in this field It defines the BIC though which the direct participant sends and receives payment messages Only 11 characters are possible Amount EUR Entry field for the amount of Overnight Deposit Only 15 characters inclusive the comma are possible Frame Marginal Lending Sub frame Liquidity transfer Marginal Lending 2 Liquidity Transfer Participant BIC Amount EOE Participant EIT Amount RU R Participant BIC Amount EOE for the event of a participant CB failure and Contingency Page 34 of 45 Field Presence Description Participant BIC The Addressee BIC 11 of the participant who indi cates to use the Marginal Lending facility must be entered in this field It defines the BIC through which the direct participant sends and receives payment messages Only 11 characters are possible Amount EUR Entry field for the amount of Marginal Lending Only 15 characters inclusive the comma are possible 3 3 Description of the Form II 3 3 1 Chapter 1 Payment Module Frame Provisioning of liquidity sub frame Define change the Credit Line on selected RTGS account Provisioning of liquidity 1 Define change the Credit Line on selected RTGS account Participant BIC Calculated New Credit Line EUR Participant BIC Calculated New Credit Line EUR Participant BIC C
32. pant creditor BIC 1 1 must be entered in this field It defines the BIC through which the direct participant sends and re ceives payment messages Only 11 characters are possible Amount EUR Entry field for the amount Only 15 characters including the comma are possible Frame Cash reservation function Using this frame the HAM account holder will be able to initiate any kind of cash withdrawals It consists of two sub frames e Sub frame Enter change of reservation for cash withdrawals e Sub frame Enter change of reservation for cash withdrawals new future daily value for the event of a participant CB failure and Contingency Page 31 of 45 Sub frame Enter change of reservation for cash withdrawals Cash reservation function Enter change of reservation for cash withdrawals Participant BIC Eind of reservation Date of reservation Defined Value Hew Value mim de Current standing Order Current standing Order Current standing Order Enter change of reservation for cash withdrawals new future daily value Participant BIC Eind of reservation Date of aia Defined Value New Value mm Current standing Order Current standing Order Current C Standing Order O peee M ae defines a New Value for cash withdrawal Kind of Select the option field of Type of reservation for reservation cash withdrawal it can be current reservation for the current business day or standing or
33. quidity transfers can be made between RIGS ac BIC 11 counts and Home accounts This functionality is only available for PHAs if the respective NCB supports the necessary interface to the ICM Combo box for entry of the account type debitor RIGS s HAM s PHA Sub account Mirror account Credit Account Liquidity transfers can be made between RIGS ac BIC 11 counts and Home accounts This functionality is only available for PHAs if the respective NCB supports the necessary interface to the ICM Combo box for entry of the account type creditor RTGS s HAM for the event of a participant CB failure and Contingency Page 17 of 45 PHA Sub account Mirror account Amount EUR Entry field for the amount Only 15 characters inclu ding the comma are possible Sub frame Standing Order liquidity transfer Standing Order liquidity transfer Debit Account BIC 11 Credit Account BIC 11 Amount EOE select select select select select select EEE Se ee Debit Account Liquidity transfers can be made between RIGS ac BIC 11 counts and Home accounts This functionality is only available for PHAs if the respective NCB supports the necessary interface to the ICM Combo box for entry of the account type RTGS s HAM PHA Credit Account Liquidity transfers can be made between RIGS ac BIC 11 counts and Home accounts This functionality is only available for PHA
34. reditor Amount EUR EE _ E The Addressee BIC 11 of the participant debtor must be entered in this field It defines the BIC through which the direct participant sends and receives payment messages Only 11 characters are possible The Addressee BIC 11 of the participant creditor must be entered in this field It defines the BIC though which the direct participant sends and receives payment messages Only 11 characters are possible Entry field for the amount Only 15 characters including the comma are possible This field defines the type of payment egCLS It contains a maximum of 4 characters If used the con tent of this field will be reported in the first 4 charac ters of the TRN automatically generated by the Contingency Module for the event of a participant CB failure and Contingency Page 16 of 45 3 2 Description of Form I 3 2 1 Chapter 1 Payment Module Frame Management of liquidity Using this frame the participant will be able to indicate any kind of liquidity transfers It consists of two sub frames 6 Sub frame Current Order liquidity transfer e Sub frame Standing Order liquidity transfer Sub frame Current Orderr liquidity transfer Management of liquidity 1 Current Order liquidity transfer Debit Account BIC 11 Credit Account BIC 11 Amount EVE select select l select select select select Field ne Description Debit Account Li
35. rom participants and AS payments from a Group of Accounts indentified by the Group of Account ID It consists of two sub frames e Sub frame Revocation of transactions e Sub frame Revocation of one transaction for GoA Manager Sub frame Revocation of transactions Payment Processing in ASI i 1 Revocation of transactions TEN sender BIC 11 Receiver BIC 11 Amount EUR L lll L TL TI i l DE L TL TI L HIL IT IT T for the event of a participant CB failure and Contingency Page 36 of 45 Field _ sS Y Presence Description Transaction M An alphanumeric reference of up to 16 characters Reference assigned by the sender to messages sent over the Number SWIFT network unique per business day Sender BIC 11 M The Addressee BIC 11 of the participant debtor must be entered in this field It defines the BIC through which the direct participant sends and receives payment messages Only 11 characters are possible Receiver BIC 1 1 The Addressee BIC 11 of the participant creditor must be entered in this field It defines the BIC through which the direct participant sends and receives payment messages Only 11 characters are possible Amount EUR M Entry field for the amount Only 15 characters inclu ding the comma are possible Sub frame Revocation of one transaction for GoA Manager 2 Revocation of one transaction for GoA Manager Croup of Account ID TEH sender BIC
36. s if the respective NCB supports the necessary interface to the ICM Combo box for entry of the account type RTGS Sub account Mirror account Amount EUR Entry field for the amount Only 15 characters inclu ding the comma are possible for the event of a participant CB failure and Contingency Page 18 of 45 for the event of a participant CB failure and Contingency Frame Mangement of liquidity for GoA Manager Using this frame the Group of Account Manager will be able to initiate liquidity transfers It consists of two sub frames e Sub frame Initiate a liquidity transfer between two accounts within the group of ac count e Sub frame Change the Level Out Sequence for Virtual Account Sub frame Initiate a liquidity transfer between two accounts within the group of account Management of liquidity for GoA Manager Initiate a liquidity transfer between two accounts within the group of account Debit Account BIC 11 Credit Account BIC 11 Amount EOE select select l select select select select Field S Description Debit Account Liquidity transfers can be made between RIGS ac BIC 11 counts and Home accounts This functionality is only available for PHAs if the respective NCB supports the necessary interface to the ICM Combo box for entry of the account type debitor RTGS s HAM PHA Credit Account Liquidity transfers can be made b
37. sible CB acting on be half of its participant will be able to access the CM All business cases in the CM are covered by two different forms Payments and Form Il These forms are e Mandatory in the relationship between the responsible CB and SSP Service Desk both for CB s own business and the business acting on behalf of their participant in case the responsible CB is not able to support their participants e Optional in the relationship between the participants and the responsible CB if not used on the national level the responsible CB has to fill in these forms in case the responsible CB is not able to support their participants and the SSP OT has to act on behalf of the failed responsible CB lf these forms were used on national level between the responsible CB and their participants some features will not be appropriate and should be ignore e g some modules are not used by given responsible CB 1 1 Objectives scope and structure The aim of this document TARGET2 User Manual for the event of a participant failure and Contingency is to provide all the information needed to fill in the different forms for the event of a participant CB failure and Contingency Page 3 of 45 The fields requested are described to give guidance to applicant participants when filling them in The term participants in this paper refers to direct PM participants indirect PM par ticipants HAM Account holders Ancillary Systems CB cu
38. stomers and Central Banks The forms are structured according to the various participant types which might be fill ing in the related form This document is structured as follows 1 overview of the common structure of all forms 2 description of the form Payments particularly related to different kinds of pay ments in the Payment Module and Contingency Module This form would be filled in by participant or NCB acting on behalf of its participants 3 description of Form I related to business cases in the Payment Module except payments the Ancillary System Interface Home Accounting Module and Standing Facilities Module These might be filled in by a participant or NCB acting on behalf of its participants 4 description of Form Il for the business cases related to NCB business in the Payment Module Ancillary System Interface Home Accounting Module Reserve Management Static Data Module and Contingency Module filled in by the CB 1 2 Availability of forms The forms are available as Word Document files via DARWIN It is the responsibility of the NCBs to ensures the provision of these forms to their participants It is not possible to add any additional fields to the forms The responsible NCB may modify the forms by adding their Corporate logo in the pre defined field while clicking the button Insert change Logo and translating the headline of each frame sub frame into their national language for the convenience of the particip
39. t Account BIC 11 Amount RU R L re xl a TT CSN i l L ee eT CC ee Description HAM mau DE The Addressee BIC 11 of the HAM participant must BIC be entered in the field Only 11 characters are pos sible Debit Account The Addressee BIC 11 of the participant debtor BIC 1 1 must be entered in this field It defines the BIC through which the direct participant sends and re ceives payment messages Only 11 characters are possible Credit Account The Addressee BIC 11 of the participant creditor BIC 1 1 must be entered in this field It defines the BIC through which the direct participant sends and re ceives payment messages Only 11 characters are possible Amount EUR M Entry field for the amount Only 15 characters inclu ding the comma are possible for the event of a participant CB failure and Contingency Page 30 of 45 S frame CB Customer CE Customer CE Customer Participant Debit Account BIC 11 Credit Account BIC 11 Amount EUR BIC S Fidd S Description CB Customer The Addressee BIC 11 of the HAM participant must Participant BIC be entered in the field Only 11 characters are pos sible Debit Account The Addressee BIC 11 of the participant debtor BIC 1 1 must be entered in this field It defines the BIC through which the direct participant sends and re ceives payment messages Only 11 characters are possible Credit Account The Addressee BIC 11 of the partici
40. t Time sender BIC 11 Receiver BIC 11 Amount RU R TILTIME REJTIME CLSTIME hh mm ss m cas Description net An alphanumeric reference of up to 16 characters Reference assigned by the sender to messages sent over the Number SWIFT network unique per business day Sender BIC 11 The Addressee BIC 11 of the participant debtor must be entered in this field It defines the BIC through which the direct participant sends and re ceives payment messages Only 11 characters are possible The Addressee BIC 11 of the participant creditor must be entered in this field It defines the BIC through which the direct participant sends and re ceives payment messages Only 11 characters are possible Amount EUR FF Entry field for the amount Only 15 characters inclu ding the comma are possible FROTIME oo Entry field for time indication of New Earliest Debit hh mm Time FROTIME Sub frame Change the Execution Time of a payment Change Latest Debit Time Transactions to be executed from a certain time Field Rreserice Description Transaction An alphanumeric reference of up to 16 characters Reference assigned by the sender to messages sent over the Receiver BIC 1 1 codeword FROTIME Use the format hh mm for the event of a participant CB failure and Contingency Page 27 of 45 The Addressee BIC 11 of the participant debtor must be entered in this field It defines the BIC through which the direct
41. tanding Order Bilateral Limit EUR Sub frame New Current Multilateral Limit EUR Sub frame new Standing Order Multilateral Limit EUR for the event of a participant CB failure and Contingency Page 20 of 45 Sub frame Setting change increase decrease reset to zero of Bilateral Limit towards selected PM participant New Current Bilateral Limit EUR Limits 5 Settingichange increase decrease reset to zero of Bilateral Limit towards selected PM participant New Current Bilateral Limit EUR Participant BIC Hew Current Bilateral Limit RUR Participant BIC Hew Current Bilateral Limit EUR Participant BIC Hew Current Bilateral Limit RUR Field _ ___ Presence Description Participant BIC The Addressee BIC of the PM participant which indicates the New Current Bilateral Limit New Current M Entry field for the amount of the New Current Bilateral Limit Bilateral Limit towards the one selected PM par EUR ticipant Sub frame Setting change increase decrease reset to zero of Bilateral Limit towards selected PM participant New Standing Order Bilateral Limit EUR 6 eetting change increase decrease reset to zero of Bilateral Limit towards selected PM participant New Standing Order Bilateral Limit EUR Participant BIC New Standing Order Bilateral Limit LRU E Participant BIC New Standing Order Bilateral Limit RUR Participant BIC New Standing Order Bilateral Limit EUR
42. thorized staffs who will take part of the tele conference In a contingency the same rules will apply The SSP OT will open the CM The respon sible CB will take care about the liquidity input in the CM In the event that an NCB is failed the SSP OT will be able to capture the data for the liqudity input in the CM Normally all requests sent via these forms will be input Therefore there is no need of bilateral check The failed particpant will be assumed that all issues were completely done However it should be noted that these forms are not intended for use for super vision monitoring A failed participant may request information on account balances etc from their NCB A failed NCB may contact the SSP OT 1 4 Roles and responsibilities An indirect participant is responsible for providing the direct participant with any information needed to fill in Form A direct participant is responsible for x filling in the mandatory fields in Form filling in the optional fields in Form forwarding the form to the responsible NCB s forwarding the form of any entities which are registered in TARGET2 through them An Ancillary System is responsible for filling in the mandatory fields in Form for the event of a participant CB failure and Contingency Page 6 of 45 filling in the optional fields in Form forwarding the form to the responsible NCB A Central Bank is responsible for checking the form from their
43. uld mark the option fields for the event of a participant CB failure and Contingency Page 44 of 45 a ae for checking according to the submitted Static Data Registration forms Sub frame Forms for Central Bank 3xxx Forms to be filled in 6 Forms for central bank XXX Central Bank BIC Attached forms Main Form 3000 S Sub Forms 3011 Central Bank participant S 3012 Additional DIN tor ICM access C 3013 Addressable BIC and Multi addressee access C 3014 Sub account for dedicated liquidity C 3015 Contact Item C Optional Forms 3100 Home Accounting Module L 3200 Standing Facilities L CRASS Form 9000 Single Form for CESS registration L Central Bank BIC The Addressee BIC 11 of the Central Bank for which any additional Static Data registration forms will be submitted must be entered in this field It defines the BIC though which the NCB sends and receives payment messages Only 11 characters are possib le Attached forms The responsible NCB should mark the option fields for checking according to the submitted Static Data Registration forms for the event of a participant CB failure and Contingency Page 45 of 45
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