NET by application development. The scope overview of Phase 2 development for
each application component is as shown in the table below. The details of the
functions for each application component are described in Table 3-5 below.
1. STP
2. ISO 20022
adaptation
3. Liquidity
Saving
Feature and
Message
Queuing
Table 3-5 Scope of application components
STP will use SOAP/XML protocols (Transactions will be
encrypted.)
ISO 20022 will be applied to all applicable messages.
4. ACH
Accelerate use of CBM-NET by Increasing settlement
availability within current deposit volume.
LSF settles the payment instructions by event-driven
(such as change of liquidity) BLOS and time-driven
MLOS.
The queue will be managed by priority and posted time
of instructions.
ACH covers payment instruction exchange among FIs,
specifically direct credit and direct debit.
ACH receive payment instructions all time, except
system maintenance time.
Calculation of instruction is simultaneously conducted
when ACH receives instructions from FIs.
Calculation of net position will be conducted at the
designated time (DTNS); the result will be settled by
RTGS*.
ACH will receive payment instructions via STP GW and
Automatic Data Exchange function (as below)
* Frequency of settlement will be defined by CBM
5. Cheque
Truncation
Receive payment and image data from the presenting
bank, net the payment data, and send payment and
image data to the issuing banks. The result will be
settled by RTGS*.
Thirty-one cheque image scanners will be provided to
CBM for use of FIs
* Frequency of settlement will be defined by CBM
6. Anti-money
laundering
function
AML that detects and suspends suspicious transactions
should be responsibility of FIs and will NOT be
introduced to systems in CBM.
7. Alert and
dashboard
function
Basic alert (such as received messages, large amount
transaction) and dashboard (such as operational data,
financial data) functions will be implemented to CBM-NET
Further functions will be implemented by the PSSD System
(System for supporting PSSD business) with data from
CBM-NET
Source: Preparatory Survey Team
22