SWIFT messaging servicesSecure, reliable andcost-effective messaging

SWIFTNet is SWIFT’s advancedInternet protocol-based messagingplatform. It offers fourcomplementary messagingservices that provide the security,reliability and availability ourcustomers expect.

Financial services organisations worldwideface increasingly complex and diversemessaging requirements. These includeconnecting to market infrastructures,communicating with commercialcorrespondents and servicing clients.

SWIFTNet provides a single window thatcaters for all these messaging needs withits four complementary messagingservices : FIN, InterAct, FileAct andBrowse.

Messaging

A complete set ofmessaging services

BenefitsSingle window environment

Straight-through processing

Security and reliability

Cost-effective pricing

Benefits of SWIFTNetmessaging services

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SSttrraaiigghhtt--tthhrroouugghh pprroocceessssiinngg:: rreedduuccee rriisskkaanndd ccoosstt— The SWIFTNet messaging services

support straight-through processing(STP) through messaging standardsand technical interoperability.

— SWIFTNet supports central messagevalidation for SWIFT’s extended rangeof MT standards and for our newerrange of XML-based MX standards(SWIFTStandards XML).

— SWIFTNet Link combines with yourinterface device, whether it isSWIFTAlliance or a third-party vendorproduct, to integrate smoothly withyour inhouse applications and ensuretechnical interoperability among allSWIFTNet solutions.

SSeeccuurriittyy aanndd rreelliiaabbiilliittyy— The SWIFTNet messaging services

run on SWIFT’s secure Internetprotocol network (SIPN), a protected,private network offering the highestavailability rates in the industry.

— SWIFTNet offers encryption,authentication control, integrity controland non-repudiation.

— Single points of failure are eliminated atall levels: systems, facilities, network.

A complete set of messaging services

The SWIFTNet messaging services enablefinancial institutions worldwide to securelyand reliably exchange financial messagesand files and to browse securely via onlineportals.

FFIINNFIN enables the exchange of messagesformatted with the traditional SWIFT MTstandards. These standards cover a widerange of business areas and are widelyused and accepted by the financialcommunity. FIN works in store-and-forward mode and offers extensivevalue-added functionality, such asmessage copy, broadcasts, and onlineretrieval of previously-exchangedmessages.

IInntteerrAAccttInterAct enables the exchange ofmessages formatted with the new XML-based SWIFT MX standards. SWIFTNetoffers increased flexibility in the way ofworking: in addition to store-and-forwardmessaging, it also supports real-timemessaging, and real-time query-and-response. InterAct is the service to use inthe business areas for which the use ofthe new XML-based MX standards ismore advantageous.

Both FIN and InterAct enable theexchange of messages on a message-per-message basis, and support theexchange of messages using proprietaryformats in the context of marketinfrastructures.

FFiillee ttrraannssffeerr wwiitthh FFiilleeAAccttFileAct enables the transfer of files in asecure and reliable manner. It is mostefficient when used to transfer largebatches of messages, such as bulkpayment files, very large reports, oroperational data.

BBrroowwssiinngg wwiitthh BBrroowwssee,, IInntteerrAAcctt aanndd FFiilleeAAccttSWIFTNet users can browse securely onfinancial web sites available on SWIFTNetusing standard Internet technologies andprotocols such as HTTP-S and HTML.This is enabled by Browse,complemented with InterAct and FileActfor your business and security sensitiveexchanges.

Message exchange

SWIFT SWIFT File transfer BrowsingMT standards MX standards

FIN

InterAct

FileAct

Browse

SWIFTNet messaging services

FIN – SWIFTNet PKI security– Closed User Group control– Message validation– Non-repudiation

FIN is SWIFT’s core messaging service. Itenables financial institutions to exchangeindividual structured financial messagessecurely and reliably. FIN is used by over8,000 financial institutions and theircorporate customers worldwide toexchange 15 million messages per dayacross a wide range of business areaswithin the banking and securitiesindustries.

FIN works in store-and-forward mode,which makes it easy to exchangemessages with a large number ofcorrespondents, many of whom may notbe online at the time of transmission.Store-and-forward removes theuncertainty and inconvenience of worryingabout whether or not yourcorrespondents are online at the time yousend the message. Your message isdelivered as soon as the recipient is readyto receive it. FIN provides an ideal way tosend individual instructions, confirmationsand reports to large numbers ofcorrespondents, regardless of theirgeographical locations or time zones.

SSttaannddaarrdd FFIINN ffeeaattuurreessFIN includes the following key standardfeatures:

— SWIFTNet PKI security FIN offers authentication and integritycontrol based on the SWIFTNet PKIinfrastructure.

— Closed user group controlEach FIN message is controlled forcompliance with the predefinedmessage exchange and closed usergroup rules that determine whichusers can send what type ofmessages to which other users.Non¬compliant messages are notdelivered.

— Message validationFIN supports central messagevalidation of a wide range of SWIFTMT standards, which are used acrossa broad range of business areaswithin the financial industry.

— Non-repudiationIn case of dispute, SWIFT is able toconfirm that a message exchange didtake place as claimed.

— Relationship Management Users car control the FIN traffic theyreceive from others using SWIFT’sRelationship Management Application(RMA).

OOppttiioonnaall FFIINN ffeeaattuurreessThese can significantly improve youroperational control over your business:

— User-selectable priorityMessages can be flagged as ‘urgent’to allow for appropriate processing byyour correspondents.

— Delivery notification This provides confirmation that yourcorrespondent received your message.

— Non-delivery warning This informs you that a messageremains undelivered after a certainperiod of time.

— Online retrievals Users can retrieve SWIFTNet FINmessages they have exchanged in theprevious 124 days.

— User broadcastsUsers can send broadcasts to allother FIN users, or to a group ofusers.

— FIN CopySelected FIN messages can be fully or partially copied to a central point (T-Copy). In addition, their delivery tothe intended destination can be madeconditional on approval by the centralpoint (Y-copy). This feature isfrequently used in the context of high-value payments clearing systems.

— FINInformSome or all FIN messages sent orreceived by an institution’s subsidiaryor branch can also be fully or partiallyto enable centralised processing, orallow monitoring of activities,outsourcing or regulatory reporting.

Institution A

Institution B

Message

Centralstorage

Ack Ack

SWIFTNet

Bank A Bank B

Message

Authorisation/refusal

FIN

Central point

Y-Copy

Copy

Message

Store-and-forward messaging

Bank A Bank B

MessageFIN

Central point

T-Copy

Copy

Y-Copy T-Copy

InterAct– SWIFTNet PKI security– Closed user group control– Message validation

InterAct enables financial institutions toexchange individual structured financialmessages securely and reliably.

InterAct offers different working modes tomeet your specific needs:

— Store-and-forward messagingInterAct’s store-and-forward capabilityis designed for messages destined fora large number of correspondents,many of whom may not be online atthe time of transmission. It removesthe uncertainty and inconvenience ofworrying about whether or not yourcorrespondents are online at the timeyou send the message. The messageis delivered as soon as the recipient isready to receive it. As a result,SWIFTNet InterAct provides an idealway to send individual instructions,confirmations and reports to largenumbers of correspondents, even indifferent time zones.

— Real-time messagingReal-time messaging offers analternative to store-and–forward tocorrespondents who are online at thetime of transmission, such as marketinfrastructures or largecorrespondents expecting to receivean instruction or confirmation and thatdo not need store-and-forwardadded-value features.

— Real-time query and responseThis is an interactive service typicallyused in the context of workstation-based online enquiry or reportingsystems. It is often used inconjunction with Browse.

SSttaannddaarrdd IInntteerrAAcctt ffeeaattuurreessInterAct includes the following keystandard features:

— SWIFTNet PKI securityInterAct is secured with SWIFTNet PKIand offers message authentication,encryption and integrity control.

— Closed user group controlEach InterAct message is controlledfor compliance with predefined closeduser group rules that determine whichusers can send messages to whichother users. Non-compliant messagesare not delivered.

— Message validationInterAct supports central messagevalidation of XML-based SWIFTstandards.

— Advanced delivery control(store-and-forward mode)Interact offers a number of messagingfeatures to control traffic delivery.

OOppttiioonnaall IInntteerrAAcctt ffeeaattuurreessInterAct offers the following key optionalfeatures:

— User-selectable priorityMessages can be flagged as ‘urgent’to allow for appropriate processing byyour correspondents

— Delivery notification (store-and-forward mode)This provides confirmation that yourcorrespondent received your message.

— Non-repudiation of emission andreceptionIn case of dispute, this allows SWIFTto confirm that the messageexchange did take place as claimed.

Institution A

Institution B

Message

Centralstorage

Ack Ack

SWIFTNetMessage

Store-and-forward messaging

Institution A

Institution B

Acknowledgement

SWIFTNetMessage

Real-time messaging

Institution A

Institution B

Response

SWIFTNetQuery

Real-time query and response messaging

FileAct– SWIFTNet PKI security– Closed user group control– Advanced transfer management– Support for any file format– Enhanced header

FileAct enables financial institutions totransfer files in a secure and reliablemanner. FileAct provides a cost-effectiveway to transfer bulk files in differentformats to your correspondents, whileleveraging the unparalleled security andreliability inherent in the SWIFTNetplatform.

Whether it is for bulk paymentsprocessing, transmission of chequeimages, securities value-addedinformation and reporting, or otherbusiness areas such as central-bankreporting or corporate-to-bankinstructions and reporting, most financialinstitutions require the ability to exchangefiles in a secure, reliable and cost-effectivemanner. FileAct allows you to do preciselythat. The benefits are significant andextend far beyond the realms of traditionalfile transfer solutions.

FileAct offers different working modes tomeet your specific needs:

— Store-and-forward file transferFileAct’s store-and-forward capabilityremoves the uncertainty andinconvenience of worrying aboutwhether or not your correspondentsare online at the time you transmit thefile. The file is delivered as soon as therecipient is ready to receive it.As a result, it provides an ideal way tosend files to large numbers ofcorrespondents, some of which maybe in different time zones.

— Real-time file transferReal-time file transfer allows aninstitution to send files tocorrespondents who are online at thetime of transmission. It is an efficientand cost-effective way to exchangefiles with market infrastructures orlarge institutions.

— Real-time file downloadThis is an interactive service typicallyused to download files from thesystem of a correspondent. It is oftenused to download files in the contextof workstation-based systems..

— FileAct Header CopyFor selected files, SWIFT can copy thefile header to a central point (T-Copy).In addition, the file delivery to theintended destination can be madeconditional to an approval by thecentral point (Y-copy). This feature istypically used in the context ofpayments clearing systems.

FFiilleeAAcctt ffeeaattuurreessFFiilleess ssuuppppoorrtteedd— Any character set

— Any content structure

— File size up to 250 Mbytes

FFiillee ttrraannssffeerr sseeccuurriittyy— Based on SWIFTNet PKI (managed

certificates)

— Closed user group control

— Encryption

— Authentication control

— Integrity control

— Non-repudiation of emission andreception (optional)

TTrraannssffeerr rreelliiaabbiilliittyy— Automatic handling of intermittent

communication failures

— Monitoring of transfer progress andstatus

— Delivery notification provides explicitconfirmation of delivery by receiver(optional)

— Throughput management and trafficprioritisation

EEnnhhaanncceedd hheeaaddeerr — Dedicated optional header block to

specify key business summaryinformation (for example, number ofpayments or total amount)

— Allows file handling (such as routing)without having to open the file

Institution A

Institution B

File

Centralstorage

Ack Ack

SWIFTNetFile

Store-and-forward file transfer

Institution A

Institution B

Acknowledgement

SWIFTNetMessage

Real-time file transfer

Institution A

Institution B

File

SWIFTNetFile request

Real-time file retrieval

Browse– Browser-based– Browsing security– InterAct and FileAct security– Closed user group control

Browse enables users to browse onfinancial online portals made available byfinancial institutions and marketinfrastructures on SWIFTNet. It combinesthe user friendliness of web technologywith the security features offered bySWIFTNet.

Financial institutions and marketinfrastructures that make their web portalsavailable on SWIFTNet benefit from amore convenient and attractive deliverychannel to their clients, while reducingcosts and improving the security andreliability of their services.

BBrroowwssee ffeeaattuurreessBrowse includes the following keyfeatures:

— Browser-basedAccess to a Browse service is via astandard Internet browser (such asMicrosoft Internet Explorer) and theAlliance WebStation software.

There is no need to install anysoftware or hardware from theprovider of the online portal.

— Browsing securityBrowse exchanges are secured by thecombined use of the Secure SocketLayer protocol and SWIFT’s secure IPnetwork.

— InterAct and FileAct securitySensitive business or security dataexchanges such as payment orders,confirmations, account balances, userIDs and passwords are exchangedthrough InterAct or SWIFTNet FileAct.Such exchanges benefit directly fromall the features of these services,including their high security andreliability. Their use is made invisible tothe person browsing.

— Closed user group controlBrowse exchanges are only permittedwithin defined closed user groups.

For more information, please contact yourSWIFT account manager or visitwww.swift.com

SWIFT © 200855648

InterAct and

FileAct

Provider of online browser-based services

Businessapplication

SWIFTNet

StandardInternet browser

AllianceGateway

Webserver

HTTPS

AllianceWebStation

User of online browser-based services

A

B

A: InterAct/FileActtraffic used forsecurity-sensitiveand financial data

B: HTTPS traffic usedfor other data(e.g., screens)

Typical technical setup and flows