The Bank Of New York Mellon Corporation · NYSE:BNY
The Bank Of New York Mellon — Technical Presentation (December 2020)
25 slides from The Bank Of New York Mellon's technical presentation, Dec 14, 2020
Slide 1: Module 4: ISO pacs.008.001.08
MODULE 4: ISO pacs.008.001.08 December 14-15, 2020 Sophie Janssen European Direct Markets & SWIFT Product Management, BNY Asset Servicing, Brussels Isabelle Bouille Product Management BNY Treasury Services Information Classification: PUBLIC
Slide 2: Agenda
1.1 MODULE 4 AGENDA 1. Introduction 1.1 Welcome and Agenda for the Session 1.2 Recap of Previous Training Sessions 2. pacs.008.001.08 2.1 Scope 2.2 Flow, Structure and Elements Review – MT 103 elements equivalents 2.3 High Level Translation Principles 2 Information Classification: PUBLIC
Slide 3: 1.2 Past Modules
MODULE 4: ISO PACS.008.001.08 1.2 Past Modules Demystifying RTGS Migration Plans SWIFT Transaction ISO 20022 CBPR+ Message Flows Management Platform (September 2020) (October 2020) (November 2020) AVAILABLE FOR EACH MODULE • Learning Guide • Links to Webcast Recording • Training Deck • Enriched Q &
Slide 4: 2.1 pacs.008.001.08 – FI to FI Customer Credit Transfer Scope
MODULE 4: ISO PACS.008.001.08 2.1 pacs.008.001.08 – FI to FI Customer Credit Transfer (FIN MT Equivalent: MT 103/MT 102) SCOPE: The FinancialInstitutionToFinancialInstitutionCustomerCreditTransfer message is sent by the debtor agent to the creditor agent, directly or through other agents and/or a pa
Slide 5: 2.2 Message Flows: pacs.008.001.08 - Serial
MODULE 4: ISO PACS.008.001.08 2.2 Message Flows: pacs.008.001.8. - Serial (Equivalent to the MT 103) pain pacs camt Corp. Y Agent A IRVTUSXX Agent C Corp. Z 1. pain.001 or else 2. pacs.008 3. pacs.008 B2C – B2B Reporting Messages as per bilateral agreements: camt.054, camt.052 and camt.053 5 Informa
Slide 6: 2.2 Agents
MODULE 4: ISO PACS.008.001.08 2.2 Agents FINANCIAL INSTITUTION IDENTIFICATION BICFI Name Postal Address Clearing System Member ID (0.. 1) (0.. 1) (0.. 1) (0..1) o Debtor Agent (Field 52a) Clearing System ID (1..1) Department (0..1) o Creditor Agent (Field 57a) Member ID (0..1) Sub-Department (0..1)
Slide 7: 2.2 Parties
MODULE 4: ISO PACS.008.001.08 2.2 Parties PARTIES IDENTIFICATION Name Postal Address Identification (0.. 1) (0..1) (0..1) o Debtor (Field 50a) Department (0..1) o Creditor (Field 59a) Sub-Department (0..1) Organisation ID (1..1) Street Name (0..1) Building Number (0..1) AnyBIC (1..1) o Ultimate Debt
Slide 8: 2.2 Account Structure
MODULE 4: ISO PACS.008.001.08 2.2 Account Structure Account (0..1) Identification (1..1) IBAM (1..1) or Other (1..1) – (FIN Equivalent: Subfield 1 of actors) Type (0..1) (New) Currency (0..1) (New) Name (0..1) (New) The Account component is not Proxy (0..1) (New) ! available for Ultimate Debtor, Ult
Slide 9: 2.2 Settlement Information/Settlement Method
MODULE 4: ISO PACS.008.001.08 2.2 Settlement Information/Settlement Method Settlement Information (1..1) INDA: Settlement Account is maintained by the INSTRUCTED AGENT ! INGA: Settlement Account is maintained by the INSTRUCTING AGENT Settlement Method (New) (1..1) Clearing System (0..1) CLRG (HVPS+
Slide 10: 2.2 Identifications
ISO20022 MIGRATION: KEY LEARNINGS AND BEST PRACTICES 2.2 Identifications Group Header IDENTIFICATION SPECIFICITIES (1..1) Message Identification (New) – Identifies the MX ISO 20022 message – Max 35 Characters Message Identification (1..1) Point to Point Credit Transaction Information Instruction Ide
Slide 11: 2.2 Payment Type Information
ISO20022 MIGRATION: KEY LEARNINGS AND BEST PRACTICES 2.2 Payment Type Information Payment Type Information (0..1) Instruction Priority Clearing Channel Service Level Local Instrument Category Purpose (0..1) (0..1) (0..3) (0..1) (0..1) Code (1..1) Code (1..1) Code (1..1) OR OR OR o HIGH o Book Transf
Slide 12: 2.2 Amounts
ISO20022 MIGRATION: KEY LEARNINGS AND BEST PRACTICES 2.2 Amounts AMOUNT ELEMENTS SPECIFICITIES Interbank Settlement Amount (Field 32A) – 2 dedicated elements (CurrencyAmount & Date) in ISO 20022 Interbank Settlement Date Instructed Amount (Field 33B) Charge Information/Amount Total Interbank Settlem
Slide 13: 2.2 Charges
ISO20022 MIGRATION: KEY LEARNINGS AND BEST PRACTICES 2.2 Charges CHARGE BEARER (1..1) – FIN EQUIVALENT: 71A CHARGE INFORMATION (0..*) CRED Borne By Creditor Amount Transaction charges to be paid by the charge bearer – FIN Equivalent (Field 71A BEN) FIN Equivalent 71FG/71F DEBT Borne By Debtor Agent
Slide 14: 2.2 Instruction for Agents
ISO20022 MIGRATION: KEY LEARNINGS AND BEST PRACTICES 2.2 Instruction for Agents Instruction for Creditor Agent Instruction for Next Agent (0..2 – CBPR+) (0..4 – CBPR+) FIN Equivalent: 23E FIN Equivalent: Field 72 HOLD Hold Cash for Creditor CHQB Pay Creditor by Cheque Instruction Information (0..1)
Slide 15: 2.2 Remittance Information
ISO20022 MIGRATION: KEY LEARNINGS AND BEST PRACTICES 2.2 Remittance Information Related Remittance Information Remittance Information (0..1) (0..1) No FIN Equivalent Related Remittance Information Unstructured Remittance Information Structured Remittance Information (0..1) (0..1) (0..*) No FIN Equiv
Slide 16: pacs.008.001.08 Message Structure
ISO20022 MIGRATION: KEY LEARNINGS AND BEST PRACTICES pacs.008.001.08 Message Structure Group Header Set of characteristics shared by all individual transactions included in the message pacs.008.001.08 Credit transfer Set of elements providing information Transaction specific to the individual credit
Slide 17: pacs.008.001.08 Group Header
ISO20022 MIGRATION: KEY LEARNINGS AND BEST PRACTICES pacs.008.001.08 Message Identification 1..1 Group Header Creation Date Time 1..1 pacs.008.001.08 Batch Booking 0..1 Credit transfer Number of Transactions 1..1 Transaction Information Control Sum 0..1 Total Interbank Settlement Amount 0..1 Total I
Slide 18: pacs.008.001.08 (2/3)
ISO20022 MIGRATION: KEY LEARNINGS AND BEST PRACTICES Pacs.008.001.08 2/3 Group Header Previous Instructing Agent1 (Slide 6) 0..1 pacs.008.001.08 Previous Instructing Agent1 Account (Slide 8) 0..1 Credit transfer Previous Instructing Agent2 (Slide 6) 0..1 Transaction Information Previous Instructing
Slide 19: pacs.008.001.08 (3/3)
ISO20022 MIGRATION: KEY LEARNINGS AND BEST PRACTICES pacs.008.001.08 3/3 Group Header Debtor (Slide 7) 1..1 pacs.008.001.08 Debtor Account (Slide 8) 0..1 Credit transfer Debtor Agent (Slide 6) 1..1 Transaction Information Debtor Agent Account (Slide 8) 0..1 Creditor Agent (Slide 6) 1..1 Creditor Age
Slide 20: Example: pacs.008.001.0X
ISO20022 MIGRATION: KEY LEARNINGS AND BEST PRACTICES Example: pacs.008.001.0X Credit Transfer Transaction Information Group Header 20 Information Classification: PUBLIC
Slide 21: 2.3 High Level Translation Principles
ISO20022 MIGRATION: KEY LEARNINGS AND BEST PRACTICES 2.3 High Level Translation Principles Example: Translation from Debtor to FIN MT field 50A – AnyBIC and IBAN present in the pacs.008.001.0X 21 Information Classification: PUBLIC
Slide 22: 2.3 High Level Translation Principles
ISO20022 MIGRATION: KEY LEARNINGS AND BEST PRACTICES 2.3 High Level Translation Principles Example: Translation from Debtor to FIN MT field 50F – Name and Structured Address + sign indicates that the data has been truncated 22 Information Classification: PUBLIC
Slide 23: 2.3 High Level Translation Principles
ISO20022 MIGRATION: KEY LEARNINGS AND BEST PRACTICES 2.3 High Level Translation Principles Example: Translation from Debtor to FIN MT field 50K – Name and Unstructured Address + sign indicates that the data has been truncated 23 Information Classification: PUBLIC
Slide 24: Disclaimers & Disclosures
ISO20022 MIGRATION: KEY LEARNINGS AND BEST PRACTICES Disclaimers & Disclosures BNY, BNY Mellon and Bank of New York Mellon are corporate brands of The Bank of New York Mellon Corporation and may also be used as a generic term to reference the corporation as a whole or its various subsidiaries genera
Slide 25: g m A
g m A
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