Download - BANK OF ALBANIA
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BANK OF ALBANIA
AIPS PROJECT
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• What is AIPS?
• AIPS Project Implementation Plan
• AIPS Activities & Responsibilities
• AIPS Operational Security & Resilience
• AIPS Project Communications
• Questions & Answers
Introduction
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What is AIPS?
• Settlement of Systemically Important Payments.
• RTGS Core Principles.
• AIPS System Components.
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Settlement of Systemically Important Payments
Payments between settlement participants (bank-to-bank payments) including
payments to and from the BOA; Payments on government securities transactions, using the DVP mechanism; Net transfers of funds requiring designated time settlement; and Large-value customer payments.
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RTGS Core Principles
• Bank for International Settlements (BIS).
• European Central Bank (ECB).
• International Standards Organisation (ISO).
• SWIFT Standards
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AIPS System Components.
• SWIFT FIN Y-Copy Service
• AIPS Webstation
• AIPS Central System
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AIPS Main Components
RTGSRTGS SettlementSettlement
PaymentsPayments &&
TransfersTransfersAcc
ess
and
Rou
tin
gWorkstation
BOA SystemBOA System
CBT
Webstation
Participant SystemParticipant System Delivery SystemDelivery System
S.W.I.F.T.
I/FY-Copy
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AIPS Architecture
BOASWIFT CBT
Participant A AIPS System
SWIFT CBT
ParticipantWebstation AIPS VPN
Network
SWIFT FINY-CopyService
Access &RoutingModule
ExternalModule
Participant B
SWIFT CBT
ParticipantWebstation
SETSsubsystem
SettlementModule
RTGSAccounting
Space
BOA Payments& Transfers
Net SettlementBatches
PACSsubsystem
PaymentsModule
AccountTransfersModule
Database andReporting
Module
PACSAccounting
Space
Accounting &Treasury
ManagementSystem (ATM)
DatabaseBilling Module
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SWIFT FIN Y-Copy
• SWIFT Alliance to initiate/receive Payments.
• Security provided by SWIFT Network.
• Double Authentication by SWIFT.
• SWIFT Close-User-Group.
• SWIFT stores all payments until AIPS confirms settlement.
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Flow Of Messages
• The sending bank remits an AIPS SWIFT payment (MT103/202) to receiving bank.
• Minimal settlement information is forwarded to AIPS (MT096)
• SWIFT FIN Y-Copy awaits settlement confirmation from AIPS (MT097)
• The original payment is released to the receiving bank.
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SWIFT and AIPS
SWIFT FIN Y-Copy
SENDER RECEIVER
AIPS
MT103/202 MT103/202
MT096 MT097
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AIPS Webstation
AIPS uses the Participant Webstation to support RTGS non-value functions including:
• on-line access to account balance and activity information;• on-line access to queued payment information;• on-line information for the total sum of queued inward
payments (to be decided);• on-line access to perform reprioritisation of queued
payments; and• monitoring of RTGS Central System operational status.
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AIPS Central System
The Central System performs three main roles:• RTGS Accounting on behalf of Participants
and associated liquidity management facilities.
• BOA inward and outward AIPS Payments.• BOA account transfers across Participant
Accounts.
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AIPS Project Implementation Plan
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AIPS Activities & Responsibilities
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AIPS Operational Security & Resilience
Communication Environment – encrypted VPN
Access Security Authentication Smart Card Logon Fallback Site and Installations Remote Logging VPN Fallback
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AIPS Project Communications
• AIPS Participant Coordinators Meetings
• AIPS Project Documentation and communications
• AIPS Support Email Address
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Questions & Answers
• Over To You