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BANK OF ALBANIA

BANK OF ALBANIA. AIPS PROJECT. Introduction. What is AIPS? AIPS Project Implementation Plan AIPS Activities & Responsibilities AIPS Operational Security & Resilience AIPS Project Communications Questions & Answers. What is AIPS?. Settlement of Systemically Important Payments.

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BANK OF ALBANIA

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  1. BANK OF ALBANIA AIPS PROJECT

  2. Introduction • What is AIPS? • AIPS Project Implementation Plan • AIPS Activities & Responsibilities • AIPS Operational Security & Resilience • AIPS Project Communications • Questions & Answers

  3. What is AIPS? • Settlement of Systemically Important Payments. • RTGS Core Principles. • AIPS System Components.

  4. 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.

  5. RTGS Core Principles • Bank for International Settlements (BIS). • European Central Bank (ECB). • International Standards Organisation (ISO). • SWIFT Standards

  6. AIPS System Components. • SWIFT FIN Y-Copy Service • AIPS Webstation • AIPS Central System

  7. Workstation Access and Routing I/F AIPS Main Components Delivery System Participant System BOA System RTGS Settlement S.W.I.F.T. CBT Y-Copy Webstation Payments & Transfers

  8. AIPS Architecture

  9. 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.

  10. 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.

  11. SWIFT and AIPS

  12. 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.

  13. 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.

  14. AIPS Project Implementation Plan

  15. AIPS Activities & Responsibilities

  16. AIPS Operational Security & Resilience • Communication Environment – encrypted VPN • Access Security • Authentication • Smart Card Logon • Fallback Site and Installations • Remote Logging • VPN Fallback

  17. AIPS Project Communications • AIPS Participant Coordinators Meetings • AIPS Project Documentation and communications • AIPS Support Email Address

  18. Questions & Answers • Over To You

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