Banque Nationale De Belgique Sa · EURONEXT:BNB
Banque Nationale De Belgique Sa — National Bank of Belgium — Technical Presentation (May 2015)
21 slides from Banque Nationale De Belgique Sa's technical presentation, May 7, 2015
Slide 1: Access to DCA
Access to DCA 07 May 2015 Patrick Heyvaert
Slide 2: Binding declaration DCA
Binding declaration DCA " The institutions intending to become directly connected DCA holders/DCPs should inform the Eurosystem (in a binding manner) at the latest: - for A2A mode, | year before the start of the Community testing stage of the respective migration wave with which they first time migr
Slide 3: Binding declaration DCA
Binding declaration DCA Letter from NBB for U2A DCA wave2 triggered a lot of questions on who must subscribe binding declaration difference between A2A, U2A and Value Added Services is unclear
Slide 4: TARGET2 participant's interaction with T2S
TARGET2 participant’s interaction with T2S € Via T2S Interface RTGS DCA + Core services + Value added services € FIN GUI MT ICM U2A A2A + Value added A2A services Indirectly connected X www IBP DCA holder Directly connected DCA holder
Slide 5: T2S aspects related to euro denominated DCAs
T2S aspects related to euro denominated DCAs Technical connection to T2S • DCA holder or the main PM account holder (acting on its behalf) shall access the DCA via: (i) direct connection to the T2S platform, through a licensed value-added network service provider (VA-NSP); or/and (ii) an indirect co
Slide 6: TARGET2 - Adaptations in view of T2S
TARGET2- Adaptations in view of T2S
Slide 7: Value Added Services in T2S Interface
TARGET2- Adaptations in view of T2S Value Added Services in T2SInterface: optional service VAS T2SInterface Legacy standards • Possibility for participants to initiate pushed liquidity transfers (T2 T2S) and pulled liquidity transfers (T2S T2) via MT202- messages; • Possibility for participants to i
Slide 8: T2S aspects related to euro denominated DCAs
T2S aspects related to euro denominated DCAs T2S Interface (T2SI) • T2S platform and the SSP are linked via the T2SI, which provides core and value added services. Via FIN Service Via ICM Via XML message message Current liquidity transfer order from PM account Value added Core service Core service t
Slide 9: Liquidity monitoring VAS TARGET2
Liquidity monitoring VAS TARGET2 • Core Service: Opening function Liquidity Transfer Dedicated Cash Account enabled via button. • Additional Value Added Service: Participants will be provided with information about T2S DCA liquidity. Fees for Display Liquidity T2S DCAs will only be charged if this p
Slide 10: Liquidity monitoring VAS TARGET2
Liquidity monitoring VAS TARGET2 •Only Value Added Service: Function available for single participants and group of accounts (GoA) manager. Provisioning of information about o aggregated RTGS liquidity, o the liquidity on the DCA linked to the participant’s RTGS account, o the ordered and executed a
Slide 11: Liquidity transfer DCA VAS TARGET2
Liquidity transfer DCA VAS TARGET2 • Function is used for liquidity transfers between RTGS account and DCAs in T2S. • Selection of linked DCAs or entering of other DCAs is enabled. • Core Service: Liquidity transfers from RTGS to Dedicated Cash Accounts. BIC of RTGS account is default value and not
Slide 12: Standing order DCA VAS TARGET2
Standing order DCA VAS TARGET2 • Core Service: Possibility to define and modify Standing Order Liquidity Transfers to Dedicated Cash Accounts Changes will be valid from the next TARGET2 business day on
Slide 13: Liquidity flows
Liquidity flows 07 May 2015 Patrick Heyvaert
Slide 14: Liquidity flows
Liquidity flows T2S Liquidity Manageme ~- o TARGET -SECURITIES Liquidity transfers are possible from any TARGET2 account to any DCA (incl. standing orders) Liquidity transfers are possible from any Cash DCA to any TARGET2 account. Internal liquidity transfer between DCAs are only possible between DC
Slide 15: Liquidity flows | From PM accounts to DCAs
Liquidity flows | From PM accounts to DCAs Current order initiated by a Current order initiated by a PM Standing Order (SO) third party account holder (T2S actor in TARGET2) Can be defined until 18:00 at Via: Via TARGET2 core services, the latest (effective from the - TARGET2 core services via ICM o
Slide 16: Liquidity flows | From DCAs to PM accounts
Liquidity flows | From DCAs to PM accounts Standing liquidity transfer Predefined liquidity transfer Immediate liquidity transfer order order - Upon definition in the static - Upon definition in the static - Via T2S, via GUI or XML data, via GUI or XML data, via GUI or XML (ISO20022); (ISO20022); (I
Slide 17: Liquidity flows | Between DCAs
Liquidity flows | Between DCAs Immediate liquidity transfer How to trigger? - Via T2S, via GUI or XML (ISO20022); When is it executed… …on the PM account? n.a. Immediately(a), if received during the T2S real-time settlement phase; during …on the DCAs? the night time settlement, if received during on
Slide 18: Billing
Billing 07 May 2015 Patrick Heyvaert
Slide 19: General overview billing
General overview billing Invoicing Main PM account holders Central Bank Invoice with: fees currently in Invoice with fees for T2S cash place for TARGET2 related related services. services + fee for TARGET2 Invoice for T2S related services is Value Added Services for T2S sent to the main PM account (
Slide 20: Invoicing Main PM account holders
Invoicing Main PM account holders Invoice for TARGET2 related services TARGET2 Core Pricing Scheme for PM account holders Option A Fixed fee € 150 New fees: Flat rate (per transaction) € 0.80 • Monthly fee for the TARGET2 Option B value-added services for T2S: Fixed fee € 1,875 Monthly Transactions
Slide 21: Invoicing Main PM account holders
Invoicing Main PM account holders Invoice for T2S related services Tariff items Price Explanation Allocated to Settlement services Liquidity transfer orders 9 eurocent per transfer Debit DCA between DCAs Intra-balance movements 6 eurocent per transaction DCA Information services Per business item in
National Bank of Belgium — Technical Presentation (May 2015) on 6ix