1. Slide 1 SWIFT Live TARGET2 service E-ordering at SWIFT

2. 2 Agenda Migration Windows Migration Timeline TARGET2 live subscription E-ordering details E-ordering process

3. 3 Migration windows Composition of the migration groups Group 1Group 2Group 3Group 4 19 Nov. 200718 Feb. 200819 May 200815 Sep. 2008 AustriaBelgiumDenmark CyprusFinlandEstonia GermanyFranceECB LatviaIrelandGreeceReserved LithuaniaNetherlandsItalyfor LuxembourgPortugalPolandcontingency MaltaSpain Slovenia

4. 4 Migration Timeline 2006 2007 2008 Installation & Configuration Ordering & Subscription M1 Live Group 2 start: 18/2/2008 Q1 Q2 Q3 Q4 Preparation Planning & Design Certification - Free testing M2 M3 TARGET2 User Testing Con- nec- tivity Inter- oper- ability Country Busi- ness Day NCB Acceptance testing M4 Q1 Q2 Live Group 3 start: 19/5/2008 Live Group 1 start: 19/11/2007

5. 5 www.swift.com  Ordering and Support  Ordering  Existing customers  Member Administered Services  Subscribe to TARGET2 services TARGET2 live subscription Ways to access the TARGET2 system: a. Direct participation b. Multi-addressee access c. Indirect participation d. Addressable BICs In order to fulfil all market participants’ needs a wide range of possibilities to join the TARGET2 system is foreseen!

6. 6 TARGET2 Services subscription

7. 7 Select an appropriate scenario, depending on the usage of the available TARGET2 modules

8. 8 e-MSSF for TARGET2 Service Subscription (1/7) TARGET 2 Market Infrastructure: I subscribe to the Payments Module + Information and Control Module

9. 9 e-MSSF for TARGET2 Service Subscription (2/7) Ordering BIC = Live BIC Preferred implementation date = Saturday before respective live date

10. 10 e-MSSF for TARGET2 Service Subscription (3/7) DO NOT USE THIS BUTTON – publication information: taken care of by your National Bank and TARGET2 BIC of your National Central Bank Live BIC

11. 11 e-MSSF for TARGET2 Service Subscription (4/7) Only use the “Advanced” button if you want to register additional DNs to the service (e.g. Level 3) Level 2 DN Always MEMBER !!

12. 12 e-MSSF for TARGET2 Service Subscription (5/7) SNL of LIVE-system Live BIC If on Hub or Service bureau

13. 13 e-MSSF for TARGET2 Service Subscription (6/7) Always MEMBER !! Recommended to create specific queue for TARGET2 Only use the “Advanced” button if you want to register additional DN’s (e.g. Level 3) Level 2 DN

14. 14 e-MSSF for TARGET2 Service Subscription (7/7)

15. 15 www.swift.com TARGET2 form NCBService Administrator Approval page Approval page 2 1 4 5 6 7 8 Customer Validation 3 Ack Start of SWIFT provisioning E-mail web page E-ordering process

16. 16 1. Exchange BKE keys with live TARGET2 BIC TRGTXEPM 2. SWIFT will activate the TARGET2 services in Live mode on the Saturday before the respective live dates. Live service: other milestones

17. 17 Support TARGET2 forms and SWIFT forms: Make sure they are CONSISTENT!! Your NCB SWIFT

18. 18 & & uestions Answers