 |
 |
 |
 |
 |
 |
SOLUTIONS
CRISTAL Products
CRISTAL STEP1
CRISTAL STeP²
CRISTAL Target 2
CRISTAL Cash
Service Bureau
More...
ACH & RTGS
ASIT
GEODIT
Wise
SSB
BPEACH
> CRISTAL TARGET2: “the Single-window” concept for pan-European Liquidity Management
TARGET2 deployment will lead to a long transition period from end-2007 till over 2011, prior to full harmonisation: CRISTAL’s flexible organisational architecture is designed to cope with variety of country profiles and NCB’s options.
CRISTAL is thus capable of absorbing the impacts tied with the initial TARGET2 migration and the subsequent national evolutions leading to the end of the transition phase, where a variety of national specificities will remain
CRISTAL TARGET2 enables the roll-out of operating branches throughout Europe, if necessary, to fit with either a full concentrated management of liquidity or a concentrated infrastructure for decentralised management of TARGET2 operations.
CRISTAL TARGET2 has a dual functional role:
On the one hand, CRISTAL is a vital tool for managing payment flows and communication through embedded ICM functionalities towards TARGET2 SSP in A2A mode.
As a fully compliant TARGET2 solution, CRISTAL ensures Straight Through Processing of payments, while enabling monitoring of payments execution and lifecycle, flexible status tracking, supported by workflow and automated queuing mechanisms.
CRISTAL provides flexible reporting to users, applications and customers, with synthetic and/or detailed views of payments processed.
CRISTAL enables timely execution of critical payments and best-of-breed reporting
On the other hand, CRISTAL TARGET2 maintains a real-time view on all available euro cash assets held with settlement systems:
assets held with National Central Banks (including RTGS accounts),
standing facilities,
positions resulting from settlement of other settlement system,
EoD settlement of Ancillary Systems balances.
CRISTAL is thus a proactive treasury management tool, enabling treasurers to look after pan-euro Liquidity, enabling a better management of collateral and a timely reaction to liquidity shortage in order to ensure smooth settlement of transactions. CRISTAL enables real-time monitoring of the expected end-of-day position, (including intraday standing facilities) with regards to Reserve requirements.
CRISTAL TARGET2 is a comprehensive and modular solution. Highly configurable, it fits with all users requirements that are involved in managing liquidity and TARGET2 payments processing.
As part of a payment factory, CRISTAL seats between the TARGET2 SSP and the bank’s information system.
CRISTAL stands as the repository of all exchanges between the bank and TARGET2. It provides data storage and archiving feature, as well as comprehensive audit trail. CRISTAL also includes secure features for disaster recovery procedures.
CRISTAL TARGET2 includes comprehensive management of SWIFTNet InterAct / ICM dialogue, including users authorisations and audit trial.
CRISTAL’s interfaces to users (browser-based, multi-lingual) and applications (message mode and file transfer mode) are flexible and ensure smooth integration within the bank’s information system.
