SWIFT messaging services - Secure, reliable and cost-effective messaging
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Messaging
SWIFT messaging services
Secure, reliable and cost-effective messaging
SWIFTNet is SWIFT’s
advanced Internet protocol-based
messaging platform. It offers
A complete set of four complementary messaging
services that provide the security,
messaging services reliability and availability our
customers expect.
Financial services organisations worldwide
face increasingly complex and diverse
messaging requirements. These include
connecting to market infrastructures,
communicating with commercial
correspondents and servicing clients.
Benefits
SWIFTNet provides a single window that
Single window environment caters for all these messaging needs
Straight-through processing with its four complementary messaging
services : FIN, InterAct, FileAct and
Security and reliability
Browse.
Cost-effective pricing
1Benefits of SWIFTNet Single window environment: one Security and reliability
messaging services standard platform for all your — The SWIFTNet messaging services
messaging needs run on SWIFT’s secure Internet
The same connectivity infrastructure protocol network (SIPN), a protected,
can be reused for any combination private network offering the highest
of the SWIFTNet messaging services availability rates in the industry.
across a wide range of business areas
— SWIFTNet offers encryption,
and geographies. This translates into
authentication control, integrity control
significant cost savings by eliminating the
and non-repudiation.
duplication of functions, resources and
effort that arise from operating multiple — Single points of failure are eliminated at
links. all levels: systems, facilities, network.
Straight-through processing: reduce
risk and cost
— The SWIFTNet messaging services
support straight-through processing
(STP) through messaging standards
and technical interoperability.
— SWIFTNet supports central message
validation for SWIFT’s extended range
of MT standards and for our newer
range of XML-based MX standards
(SWIFTStandards XML).
— SWIFTNet Link combines with
your interface device, whether it is
SWIFTAlliance or a third-party vendor
product, to integrate smoothly with
your inhouse applications and ensure
technical interoperability among all
SWIFTNet solutions.
2
Message exchange
SWIFT SWIFT File transfer Browsing
MT standards MX standards
FIN
InterAct
FileAct
Browse
SWIFTNet messaging services
A complete set FIN File transfer with FileAct
of messaging services FIN enables the exchange of messages FileAct enables the transfer of files in a
formatted with the traditional SWIFT secure and reliable manner. It is most
MT standards. These standards cover efficient when used to transfer large
The SWIFTNet messaging services enable a wide range of business areas and batches of messages, such as bulk
financial institutions worldwide to securely are widely used and accepted by the payment files, very large reports, or
and reliably exchange financial messages financial community. FIN works in operational data.
and files and to browse securely via online store-and-forward mode and offers
portals. extensive value-added functionality,
such as message copy, broadcasts, and Browsing with Browse,
online retrieval of previously-exchanged InterAct and FileAct
messages. SWIFTNet users can browse securely on
financial web sites available on SWIFTNet
using standard Internet technologies
InterAct and protocols such as HTTP-S and
InterAct enables the exchange of HTML. This is enabled by Browse,
messages formatted with the new XML- complemented with InterAct and FileAct
based SWIFT MX standards. SWIFTNet for your business and security sensitive
offers increased flexibility in the way of exchanges.
working: in addition to store-and-forward
messaging, it also supports real-time
messaging, and real-time query-and-
response. InterAct is the service to use
in the business areas for which the use
of the new XML-based MX standards is
more advantageous.
Both FIN and InterAct enable the
exchange of messages on a message-
per-message basis, and support the
exchange of messages using proprietary
formats in the context of market
infrastructures.
3Bank A Bank B Bank A Bank B
Message Message
Y-Copy T-Copy
SWIFTNet
Message Message
Ack Ack
Authorisation/
Central Copy refusal Copy
storage
Institution Institution
A B
Copy destination Copy destination
Store-and-forward messaging Y-Copy for authorisation T-Copy for information
FIN Standard FIN features Optional FIN features
FIN includes the following key standard These can significantly improve your
— SWIFTNet PKI security
features: operational control over your business:
— Closed User Group control
— Message validation — SWIFTNet PKI security — User-selectable priority
— Non-repudiation FIN offers authentication and integrity Messages can be flagged as ‘urgent’
control based on the SWIFTNet PKI to allow for appropriate processing by
FIN is SWIFT’s core messaging service. It infrastructure. your correspondents.
enables financial institutions to exchange — Closed user group control — Delivery notification
individual structured financial messages Each FIN message is controlled This provides confirmation that your
securely and reliably. FIN is used by for compliance with the predefined correspondent received your message.
over 8,000 financial institutions and message exchange and closed
their corporate customers worldwide — Non-delivery warning
user group rules that determine
to exchange 15 million messages per This informs you that a message
which users can send what type
day across a wide range of business remains undelivered after a certain
of messages to which other users.
areas within the banking and securities period of time.
Non¬compliant messages are not
industries. delivered. — Online retrievals
Users can retrieve SWIFTNet FIN
FIN works in store-and-forward mode, — Message validation
messages they have exchanged in the
which makes it easy to exchange FIN supports central message
previous 124 days.
messages with a large number of validation of a wide range of SWIFT
MT standards, which are used across — User broadcasts
correspondents, many of whom may
a broad range of business areas Users can send broadcasts to all
not be online at the time of transmission.
within the financial industry. other FIN users, or to a group of
Store-and-forward removes the
users.
uncertainty and inconvenience of — Non-repudiation
worrying about whether or not your In case of dispute, SWIFT is able to — FIN Copy
correspondents are online at the time confirm that a message exchange did Selected FIN messages can be fully
you send the message. Your message is take place as claimed. or partially copied to a copy
delivered as soon as the recipient is ready destination (T-Copy). In addition, their
— Relationship Management
to receive it. FIN provides an ideal way to delivery to the intended destination
Users car control the FIN traffic they
send individual instructions, confirmations can be made conditional on approval
receive from others using SWIFT’s
and reports to large numbers of by the copy destination (Y-copy).
Relationship Management Application
correspondents, regardless of their This feature is frequently used in
(RMA).
geographical locations or time zones. the context of high-value payments
clearing systems.
— FINInform
Some or all FIN messages sent or
received by an institution’s subsidiary
or branch can also be fully or partially
duplicated to copy destination(s)
for centralised processing including
optional approval (Y-Copy) or
monitoring of activities, outsourcing or
4 regulatory reporting (T-Copy).SWIFTNet SWIFTNet SWIFTNet
Message Message Message Query
Ack Ack
Acknowledgement Response
Central
storage
Institution Institution Institution Institution Institution Institution
A B A B A B
Store-and-forward messaging Real-time messaging Real-time query and response messaging
InterAct — Real-time query and response Optional InterAct features
This is an interactive service InterAct offers the following key optional
— SWIFTNet PKI security
typically used in the context of features:
— Closed user group control
workstation-based online enquiry or
— Message validation — User-selectable priority
reporting systems. It is often used in
Messages can be flagged as ‘urgent’
conjunction with Browse.
InterAct enables financial institutions to to allow for appropriate processing by
exchange individual structured financial your correspondents
messages securely and reliably. Standard InterAct features — Delivery notification (store-and-
InterAct includes the following key forward mode)
InterAct offers different working modes to standard features: This provides confirmation that your
meet your specific needs: correspondent received your message.
— SWIFTNet PKI security
— Store-and-forward messaging InterAct is secured with SWIFTNet PKI — Non-repudiation of emission and
InterAct’s store-and-forward capability and offers message authentication, reception
is designed for messages destined encryption and integrity control. In case of dispute, this allows
for a large number of correspondents, SWIFT to confirm that the message
many of whom may not be online at — Closed user group control
exchange did take place as claimed.
the time of transmission. It removes Each InterAct message is controlled
the uncertainty and inconvenience of for compliance with predefined closed — InterAct copy
worrying about whether or not your user group rules that determine which For selected messages, SWIFT can
correspondents are online at the time users can send messages to which copy messages to a copy destination
you send the message. The message other users. Non-compliant messages (T-Copy). In addition, the delivery to
is delivered as soon as the recipient are not delivered. identified destination can be made
is ready to receive it. As a result, conditional to an approval by the copy
— Message validation
SWIFTNet InterAct provides an ideal destination (Y-Copy). This feature
InterAct supports central message
way to send individual instructions, is typically used in the context of
validation of XML-based SWIFT
confirmations and reports to large payment clearing systems.
standards.
numbers of correspondents, even in
— Advanced delivery control
different time zones.
(store-and-forward mode)
— Real-time messaging Interact offers a number of messaging
Real-time messaging offers an features to control traffic delivery.
alternative to store-and–forward
to correspondents who are online
at the time of transmission, such
as market infrastructures or large
correspondents expecting to receive
an instruction or confirmation and
that do not need store-and-forward
added-value features.
5SWIFTNet SWIFTNet SWIFTNet
File File Message File request
Ack Ack
Acknowledgement File
Central
storage
Institution Institution Institution Institution Institution Institution
A B A B A B
Store-and-forward file transfer Real-time file transfer Real-time file retrieval
FileAct FileAct offers different working modes to FileAct features
meet your specific needs: Files supported
— SWIFTNet PKI security
— Any character set
— Closed user group control — Store-and-forward file transfer
— Advanced transfer management FileAct’s store-and-forward capability — Any content structure
— Support for any file format removes the uncertainty and
— File size up to 250 Mbytes
— Enhanced header inconvenience of worrying about
whether or not your correspondents
FileAct enables financial institutions to are online at the time you transmit the File transfer security
transfer files in a secure and reliable file. The file is delivered as soon as the — Based on SWIFTNet PKI (managed
manner. FileAct provides a cost-effective recipient is ready to receive it. certificates)
way to transfer bulk files in different As a result, it provides an ideal way
to send files to large numbers of — Closed user group control
formats to your correspondents, while
leveraging the unparalleled security correspondents, some of which may — Encryption
and reliability inherent in the SWIFTNet be in different time zones.
— Authentication control
platform. — Real-time file transfer
— Integrity control
Real-time file transfer allows
Whether it is for bulk payments an institution to send files to — Non-repudiation of emission and
processing, transmission of cheque correspondents who are online at the reception (optional)
images, securities value-added time of transmission. It is an efficient
information and reporting, or other and cost-effective way to exchange
business areas such as central- files with market infrastructures or Transfer reliability
bank reporting or corporate-to-bank large institutions. — Automatic handling of intermittent
instructions and reporting, most financial communication failures
institutions require the ability to exchange — Real-time file download
This is an interactive service typically — Monitoring of transfer progress and
files in a secure, reliable and cost-effective
used to download files from the status
manner. FileAct allows you to do precisely
that. The benefits are significant and system of a correspondent. It is often — Delivery notification provides explicit
extend far beyond the realms of traditional used to download files in the context confirmation of delivery by receiver
file transfer solutions. of workstation-based systems.. (optional)
— FileAct Copy — Throughput management and traffic
For selected files, SWIFT can copy prioritisation
the file (or just the file header) to a
copy destination (T-Copy). In addition,
the file delivery to the intended Enhanced header
destination can be made conditional — Dedicated optional header block
to an approval by the copy destination to specify key business summary
(Y-copy). This feature is typically used information (for example, number of
in the context of payments clearing payments or total amount)
systems. — Allows file handling (such as routing)
without having to open the file
6SWIFTNet
Provider of online browser-based services User of online browser-based services
Alliance A: InterAct/FileAct
InterAct and
Gateway A traffic used for
FileAct Alliance
Business security-sensitive
WebStation
application and financial data
HTTPS B: H
TTPS traffic used
Web B Standard for other data (e.g.,
server Internet browser screens)
Typical technical setup and flows
Browse Browse features
Browse includes the following key
— Browser-based
features:
— Browsing security
— InterAct and FileAct security — Browser-based
— Closed user group control Access to a Browse service is via
a standard Internet browser (such
Browse enables users to browse on as Microsoft Internet Explorer) and
financial online portals made available Browse interface software.
by financial institutions and market There is no need to install any
infrastructures on SWIFTNet. It combines software or hardware from the
the user friendliness of web technology provider of the online portal.
with the security features offered by
SWIFTNet. — Browsing security
Browse exchanges are secured by
Financial institutions and market the combined use of the Secure
infrastructures that make their web portals Socket Layer protocol and SWIFT’s
available on SWIFTNet benefit from a secure IP network.
more convenient and attractive delivery — InterAct and FileAct security
channel to their clients, while reducing Sensitive business or security data
costs and improving the security and exchanges such as payment orders,
reliability of their services. confirmations, account balances, user
IDs and passwords are exchanged
through InterAct or SWIFTNet FileAct.
Such exchanges benefit directly from
all the features of these services,
including their high security and
reliability. Their use is made invisible to
the person browsing.
— Closed user group control
Browse exchanges are only permitted
within defined closed user groups.
For more information about SWIFT
visit swift.com
7For more information about SWIFT
visit swift.com
To join the community debate
visit swiftcommunity.net
APR2011 55648
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