Saturday ,Nov 17, 2018, 21:54

SATNA - RTGS Interface

SATNA/RTGS (Real Time Gross Settlement) is an application for exchanging fund transfer messages between different banks.This structure makes it possible to transfer funds instantaneously from an account in a bank to another account.

1

Based on the source or destination type, the command or message for fund transfer can be one of the following categories:

   • Message of funds transfer from bank to bank

    This message includes command of fund transfer from source bank to destination bank

   • Message of funds transfer from bank to customer

    This message includes command of fund transfer from source bank to the account of a specific customer in destination bank

   • Message of funds transfer from customer to customer

     This message includes payment order from the account of a specific customer in source to the account of a specific customer in destination bank

2

Payment orders are exchanged instantaneously between source and destination and requested financial operations are done immediately. Every day only the messages of that special day are exchanged.Central bank has the role of intermediary between banks and is responsible for operations such as funds transfer between accounts in different banks and message format verification and network security. The structure of exchanged messages is based on swift standard and the overall network structure of SATNA between centers of different banks is as follows:

Facilities and Features

System Management

·         Changing system settings (program features and RTGS)

·         Creating new users in different groups and capability of changing their passwords and settings

·         Creating new branches

·         Displaying list of users, branches and banks

Message Generation

·         Creating a new request with the ability to save or send to the second signature operator

·         Possibility of displaying the previous requests with their current status

·         Possibility of displaying a response from central bank to requests issued by the bank

·         Possibility of editing one’s profile

·         Possibility of displaying requests from other banks

Initial Approval

·         Possibility of displaying confirm or cancel requests received from first operator

·         Possibility of displaying requests from other banks (MQ202, MQ103)

·         Editing one’s profile

Final Approval

·         Possibility of displaying confirm or cancel requests received from first operator

·         Possibility of displaying requests from other banks (MQ202, MQ103)

·         Editing one’s profile

·         Possibility of sending requests to central bank

3

Used technology and tools

·         J2EE

·         MQ-series bus standard

·         Connection with joint bank system thru Socket Management

·         Tomcat Web Server

·         My SQL database

·         Windows Operating System