Update to the AMEDA Messaging Hub

Prepared: Mohmed HazemSherif A. Razek

Our Achievements

• MCDR to focus on Middle Eastern countries and North African Countries (MENA)

• Strate and MCDR to create a link between them

• Strate to focus on sub-Saharan African countries

CSD to CSD links

MCDR and Strate on AMEDAs behalf driving the activities on the Hub project

What was done since we last met

– RMA Between MCDR and Strate– Investigating Linking Options

• Direct connectivity costs to put lines between Strate and NileIT

• VPN connectivity options to connect to Strate via Internet (this is not the best solution but good for Proof of Concept)

• Other option is a european counterparty networking– VPN Connectivity cross linking both our SWIFT

Service Bureau.

Our Future Plans

– Message Standardization by investigating the XML schemas and Messages to be used on the hub

• Agreeing on a standardized bilateral agreements between AMEDA Members.

• Analyze the impact of the proposed standards on AMEDA members systems.

• Understanding market practice definitions require a lot of effort.

– Getting AMEDA members to join the Hub based on the geographical location of the members.