webMethods SWIFT FIN Module 6.1

Release Notes

webMethods SWIFT FIN Module Version 6.1

webMethods is pleased to introduce a major release of the webMethods SWIFT FIN Module, Version 6.1. The webMethods SWIFT STP Solution is SWIFTReady Gold certified by SWIFT and thus provides the assurance of interoperability and speed of implementation for SWIFT-related business processes. Built on top of the webMethods Integration Platform Version 6.1, the webMethods SWIFT FIN Module enables financial institutions to exchange messages securely through the SWIFT network and leverage SWIFTNet solutions. By enabling SWIFT implementations to easily make use of the robust and comprehensive feature sets of the webMethods Integration Platform, including business process modeling, human workflow elements, and monitoring, the webMethods SWIFT FIN Module is the single integration platform for financial institutions looking to achieve true end-to-end STP and seamless integration with various SWIFT services.

Notable Features

The webMethods SWIFT FIN Module 6.1 provides:

Easy access to SWIFTNet FIN services through the SWIFTAlliance Access (SAA) interface together with SWIFTAlliance Gateway (SAG) and/or SWIFTNet Link.
Out-of-the-box support for all SWIFT Message Types (MTs). The webMethods SWIFT FIN Module provides structural and semantic validation of all SWIFT messages, including the latest May 2005 message types. Also included are network validation rules for many commonly used SWIFT messages.
Support for all the various modes of connectivity to SWIFTAlliance Access, including MQSA, CASmf, and Automated File Transfer (AFT).
Support for Market Practices and fully customizable messages. The webMethods SWIFT FIN Module enables you to maintain multiple message types using trading partner agreements (TPAs) that you define in webMethods Trading Networks.
A DFD-based infrastructure that maintains a logical link between similar business information in different messages.
Integrated BIC and BIC+ directories, which enable BIC message validation and advanced directory search capabilities.
Advanced message transformation capabilities with the ability to display logical field names instead of, or in addition to, message tags.
The ability to easily archive messages and process history for tracking, audit trail, and other purposes.

Software and Platform Support

For details about the software and hardware required to run the webMethods SWIFT FIN Module Version 6.1, see the webMethods SWIFT FIN Module Installation and User’s Guide.

Notable Issues Resolved

For a list of all the changes and issues resolved since the last release, see the readme.txt file for webMethods SWIFT FIN Module on the webMethods software download site or in the directories in which you installed webMethods SWIFT FIN Module.

For information about previous releases of webMethods SWIFT FIN Module, see the release notes for those releases, below.

webMethods SWIFT FIN Module Version 6.0.1

webMethods is pleased to introduce a major release of the webMethods SWIFT FIN Module, Version 6.0.1. The webMethods SWIFT STP Solution is SWIFTReady Gold certified by SWIFT and thus provides the assurance of interoperability and speed of implementation for SWIFT-related business processes. Built on top of the webMethods Integration Platform Version 6.0.1, the webMethods SWIFT FIN Module enables financial institutions to exchange messages securely through the SWIFT network and leverage SWIFTNet solutions. By enabling SWIFT implementations to easily make use of the robust and comprehensive feature sets of the webMethods Integration Platform, including business process modeling, human workflow elements, and monitoring, the webMethods SWIFT FIN Module is the single integration platform for financial institutions looking to achieve true end-to-end STP and seamless integration with various SWIFT services.

Notable Features

The webMethods SWIFT FIN Module 6.0.1 provides:

Easy access to SWIFTNet FIN services through the SWIFTAlliance Access (SAA) interface together with SWIFTAlliance Gateway (SAG) and/or SWIFTNet Link.
Out-of-the-box support for all SWIFT Message Types (MTs). The webMethods SWIFT FIN Module provides structural and semantic validation of all SWIFT messages, including the latest November 2002 message types. Also included are network validation rules for many commonly used SWIFT messages.
Support for all the various modes of connectivity to SWIFTAlliance Access, including MQSA, CASmf, and Automated File Transfer (AFT).
Support for Market Practices and fully customizable messages. The webMethods SWIFT FIN Module enables you to maintain multiple message types using trading partner agreements (TPAs) that you define in webMethods Trading Networks.
A DFD-based infrastructure that maintains a logical link between similar business information in different messages.
Integrated BIC and BIC+ directories, which enable BIC message validation and advanced directory search capabilities.
Advanced message transformation capabilities with the ability to display logical field names instead of, or in addition to, message tags.
Easy-to-use message repair and resubmit capabilities with advanced workflow features.
The ability to easily archive messages and process history for tracking, audit trail, and other purposes.

Software and Platform Support

For details about the software and hardware required to run the webMethods SWIFT FIN Module Version 6.0.1, see the webMethods SWIFT FIN Module Installation and User’s Guide.

Notable Issues Resolved

For information about previous releases of webMethods SWIFT FIN Module, see the release notes for those releases, below.

webMethods SWIFT FIN Module Version 4.6

webMethods is pleased to introduce a major release of the webMethods SWIFT FIN Module, version 4.6. This release enables banks and securities firms to quickly and securely connect to the SWIFT financial network to perform financial transactions such as: customer payments and checks, financial institution transfers, precious metals and syndications, collection and cash letters, securities, treasury markets, credit and guarantees, travelers checks, and cash management and customer status.

With this release, webMethods continues to support the latest SWIFT FIN technical standards while significantly enhancing the usability of the product. SWIFT FIN Module has been now ported to the webMethods Integration Server platform. This allows SWIFT FIN implementations to easily make use of robust and comprehensive feature set of the entire webMethods Integration platform including business process modeling, human workflow elements and monitoring.

SWIFT Messaging Capability

webMethods SWIFT FIN Module version 4.6, adds SWIFT messaging capability to the webMethods Integration Platform. Key features in this release include support for ISO7775 and ISO15022 messages, ability to bi-directionally transform between ISO7775 and ISO15022 messages and the ability to provide Straight Through Processing (STP). The Module consists of two components: SWIFT Message and CASmf Read/Write components.

The SWIFT Message Component is used to:
- Parse, format and process ISO 7775 and ISO 15022 SWIFT messages.
- Convert between ISO 7775 and ISO 15022 messages.
The CASmf Read/Write Component is used to:
- Read and write messages to and from the SWIFT Network via SWIFTAlliance Access.
- CASmf Component is one of the SWIFTAlliance Access Connectivity Options.
Additional SWIFTAlliance Access Connectivity Options:
In addition to CASmf interface there are two additional means by which one can connect to SWIFTAlliance Access – MQSA and File Drop mechanisms.
- MQSA support: This is supported in the webMethods SWIFT FIN Solution by using the webMethods MQSeries Adapter Version 3.0 (sold separately).
- File Drop Support: This is supported in the webMethods SWIFT FIN Solution by using the File transfer Protocol (FTP) support in the Integration Server.

Other Notable Features

Exchange of SWIFT FIN messages
Ability to transmit and receive ISO 7775 and ISO 15022 messages.
SWIFT message parsing and formatting
webMethods SWIFT message component can parse FIN messages received from SWIFT and convert them to Integration Server Records, which are broken down into individual SWIFT fields by the parse operation. Likewise, outgoing SWIFT messages are automatically created from the data stored in Integration Server Records, which can be produced by the format operation. This makes integrating SWIFT messaging seamlessly into the backend infrastructure easier and enhances STP. Full support is provided for the current release (November 2002 Release) of the ISO 7775 and ISO 15022 messages.
SWIFT message conversion
The SWIFT FIN module has the capabilities to convert between the two standards of SWIFT messages using customizable templates. i.e., one can convert from an ISO 7775 message to an equivalent ISO 15022 message and vice-versa.
Flexible and configurable message templates
The webMethods SWIFT Message Component is designed to allow new SWIFT messages formats to be defined and existing SWIFT message formats to be updated whenever SWIFT issues an update of their message standards. To achieve this without requiring additional programming, the adapter makes use of XML templates, which fully describe the structure of the SWIFT messages. The templates can be easily edited using any text editor. Alternatively, users can modify message record definitions in the webMethods Developer without using the templates.
SWIFTNet FIN support
In the recent past SWIFT has introduced their new Secure IP based network called SWIFTNet. By 2004, SWIFT plans to migrate all customers to the new SWIFTNet network and obsolete the older X.25 based network (STN). Customers who are doing FIN messaging over the STN will need to migrate to SWIFTNet. With this release of the webMethods SWIFT FIN Module, customers can do SWIFT FIN over SWIFTNet (also called SWIFTNet FIN) by connecting to SWIFTAlliance Gateway or SWIFTNet Link via SWIFTAlliance Access 5.0.
Built on webMethods eStandards Framework
The webMethods SWIFT FIN Module is built on the proven webMethods eStandards Framework, which means users can utilize its strengths to build a robust SWIFT trading network. The framework provides excellent transaction, exception and error logging and query capabilities. Transaction logging and audit trails can also be maintained in a relational database to ensure the integrity of all trading partner transactions. Automatic archival of transaction messages, as well as digital signature support, ensures non-repudiation of origin and content.
Built-in Samples
The webMethods SWIFT FIN Module comes with pre-built samples to help users quickly understand and learn the usage of the product.
SWIFT FIN Module re-platformed to Integration Server
With the re-platforming of the product, it is now significantly easier to use. This provides current and new SWIFT FIN users the ability to use a richer development tool, the webMethods Developer. In addition, it makes it even easier to take advantage of other key components of the integration platform, such as Trading Networks for managing partners, Business Integrator for modeling business processes, WorkFlow for introducing humans into business processes, Process Monitor for monitoring long-running processes, and Manager for managing the entire platform.
Support for the current release of the SWIFT FIN Messages
This release supports the latest release of the SWIFT FIN messages. The last published version of the FIN messages is the November 2002 release – webMethods supports this latest version.
SWIFT Transformation Templates to Integration Server mapping Utility
Customers of the webMethods SWIFT FIN Module Version 1.0 could customize their ISO 7775 to ISO 15022 maps using transformation templates. These existing customers who wish to convert their customized maps to the new version of the product can use the Transformation Templates to Integration Server Mapping Utility.

Software and Platform Support

For details on the software and hardware required to run webMethods SWIFT FIN Module version 4.6, see the Installation Guide..

Notable Issues Resolved

For information about previous releases of webMethods SWIFT FIN Module, see the release notes for those releases, below.

webMethods SWIFT FIN Module Version 1.0

webMethods is pleased to announce the release of the webMethods SWIFT FIN Module version 1.0, part of the webMethods Integration Platform. Key features in this release include, support for ISO7775 and ISO15022 messages, ability to bi-directionally transform between ISO7775 and ISO15022 messages and the ability to provide Straight Through Processing (STP) by linking the adapters by use of flows, allowing data flow between the broker and SWIFT without intervention.

The webMethods SWIFT FIN Module is a comprehensive module of the webMethods Integration Platform that allows your organization to automate the exchange of SWIFT messages with the global financial community through the SWIFT FIN Network.

The SWIFT FIN Module comprises of 3 different adapters:

CASmf Read Adapter that can accept messages from SWIFT
CASmf Write Adapter that can transmit specifically formatted documents to SWIFT
SWIFT Message Adapter
- used to parse and format SWIFT messages to/ from webMethods Enterprise
- used for converting between ISO7775 and ISO15022 messages

Notable Features

Exchange of SWIFT FIN messages
Ability to transmit and receive ISO7775 and ISO15022 messages.
SWIFT message parsing and formatting
A distinguishing characteristic of the webMethods SWIFT message adapters is that messages received from SWIFT may be converted into Enterprise Documents, which are broken down into individual SWIFT fields by the parse operation. Likewise, outgoing SWIFT messages are automatically created from the data stored in Enterprise Documents, which can be produced by the format operation. This allows you to easily integrate SWIFT messaging seamlessly into your backend infrastructure and enhancing STP. Full support is provided for ISO7775 and ISO15022 messages.
SWIFT message conversion
The SWIFT FIN module has the capabilities to convert between the two standards of SWIFT messages. i.e., one can convert from an ISO7775 message to an equivalent ISO15022 message and vice-versa.
Flexible and configurable message templates
The webMethods SWIFT Message Adapter (component of webMethods SWIFT FIN Module) is designed to allow new SWIFT messages formats to be defined, and existing SWIFT message formats to be updated whenever SWIFT issue an update of their message standards. To achieve this without requiring additional programming, the adapter makes use of XML templates, which fully describe the structure of the SWIFT. messages. The templates can be easily edited using your favorite text editor.

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