Scribd Logo
Upload

Welcome to Scribd!

  • 6 views

    SWIFT Handbook Pages 23

    Uploaded by

    xemil91556

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd

    SWIFT Handbook Pages 23

    Uploaded by

    xemil91556
    6 views1 page

    Original Title

    SWIFT-Handbook-pages-23

    Copyright

    © © All Rights Reserved

    Available Formats

    PDF, TXT or read online from Scribd

    Did you find this document useful?

    Is this content inappropriate?

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    6 views1 page

    SWIFT Handbook Pages 23

    Uploaded by

    xemil91556

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Handbook for payments via SWIFT Going into operation for migration to remoteGATE

    A.5 Going into operation for migration to remoteGATE


    This section describes how to go into operation for SIC/euroSIC participants with a
    SIC/euroSIC platform interface who want to convert it to remoteGATE.

    A.5.1 Requirements

    The following conditions are required:


    • Application for participation
    • Participation in the SIC/euroSIC system
    • SWIFT production and test system
    • Closed User Group Registration
    • SWIFT RMA
    • Completed test procedure and authorization from SIX Interbank Clearing

    A.5.1.1 SIC/euroSIC documentation

    The following documentation is to be provided by the financial institution:


    Form (SIC/euroSIC)
    Application for participation
    Person in charge of service
    SWIFT – CUG confirmation
    SWIFT RMA
    Online form: BC Segment (Test/Production)
    Online form: Settlement Segment (Test/Production)

    A.5.2 SIC/euroSIC master data

    SIX Interbank Clearing requires the relevant master data sheets (BC Segment/Settle-
    ment Segment) at least fifteen days before the start of test or production operation.
    These can be filled in by the financial institution on the Extranet and submitted online.
    It is not possible for test or production operation to begin without the correct master
    data. For the online forms BC Segment (Test/Production) and Settlement Segment
    (Test/Production), a data entry aid is available.

    A.5.3 Timing

    The average lead time before productive operation can begin is 6 weeks from the
    receipt of the completed documentation at SIX Interbank Clearing. Experience shows
    this to be the average length of time, but it depends among other things on whether all
    the tests are successful. In some cases the process may take longer. A financial
    institution states its preferred date for commencing production when it submits its
    application. This is confirmed or adjusted by SIX Interbank Clearing. It is only possible
    for this date to be altered to a limited extent, because that then affects the timing for
    other financial institutions. SIX Interbank Clearing therefore reserves the right to
    refuse requests to alter the date.

    Version 3.5 / 18 November 2011 23

    You might also like