Host-To-Host Statements
Host-To-Host Statements
Host-To-Host Overview
Overview
You can receive official bank statements that sumarise account activity over a certain period of time.
Description
This service allows you to:
- To receive statements as per client's selected frequency for specified accounts. Clients will receive statements whether movement or no-movement has occured during the specified frequency or period.
Important Update
Clients can set preferences for statements service. The following options are available:
- Transport: SWIFT, SFTP, MFT, REST API, Connect Direct, MQ.
- Statement Types: Statement 3, MT940, Multicash, CAMT.053
This service allows the clients to specify the following details:
- Statement frequency: See StatementCycleCodes Tab for options
- Preferred Billing Account
- Account(s) to generate statements for
- Pagination Preference for MT940
- Support Services are available via Email, Call or Chatbox.
Getting Started
Overview
The client is already onboarded as a bank client and has FirstID.
The client has OBE credentials.
Internet Service Provider (ISP) Installation
For your organisation to connect to RMB through Fintegrate, it must have subscribed to an Internet Service Provider (ISP) that offers you many services such as data storage, website advertising capabilities, email and internet access. To set up communication between your company and the bank, please contact your Relationship Manager at your ISP to apply for access to the RMB network.
File Naming Conventions
The standard naming convention below is applicable for Statements.
| Field Name | Mandatory / Optional |
|---|---|
| Integration Channel Partner ID | Mandatory |
| Service Format | Mandatory |
| Timestamp | Mandatory |
Flexible file naming convention below is applicable for Statements.
| Field Name | Mandatory / Optional |
|---|---|
| Integration Channel Partner ID | Mandatory |
| Service Format | Mandatory |
| Timestamp | Mandatory |
| Statement No | Optional |
| Account No | Optional |
| Bank Name | Optional - TBC |
Supported Formats
- Statement3
- MT940
- CAMT.053
- Multicash
- SAP Multicash
Available Transports
Connect Direct
IBM Sterling Connect is optimized for high volume delivery of files It also provides script based automation, scheduling and alert notifications for 24x7 unattended operations.
In terms of setup, you will be required to issue us with your Connect Direct details for test and production environment if you are connecting on your own account.
SFTP
SFTP is a widely accepted protocol, and is recommended if you will be sending high volumes of transactions in one request.
In terms of setup, it is your organisation's responsibility to install the protocol on your Server / AS400 / Mainframe. In addition, you will be required to provide us with your SFTP details for test and production environment if you are connecting on your own account.
If you are connecting on your own account, your system is required to send and fetch responses from the Bank. Our channel does not send responses to or fetch requests from your environment.
SWIFT
SWIFT is a messaging network that banks and other financial institutions use to quickly, accurately, and securely send and receive information and instructions through a standardised system of codes, such as money transfer instructions.
MQ (Message Queue)
Messaging Queue IBM® MQ is robust messaging middleware that simplifies and accelerates the integration of diverse applications and business data across multiple platforms.
MQ is recommended for real time processing for maximum efficiency.
In terms of setup, you will be required to issue us with your MQ details for test and production environment if you are connecting on your own account.
MFT
Managed file transfer (MFT) is a technology platform that allows organizations to reliably exchange electronic data between systems and people in a secure way to meet compliance needs. These data movements can be both internal and external to an enterprise and include various types, including sensitive, compliance-protected or high-volume data. It can be offered as software or as a service and may include a single pane for visibility and governance.
MFT is a more reliable and efficient means for secure data and file transfer, outpacing and outperforming applications such as file transfer protocol (FTP), hypertext transfer protocol (HTTP), secure file transfer protocol (SFTP) and other methods.
In terms of setup, you will be required to issue us with your Connect Direct details for test and production environment if you are connecting on your own account.
Message References
Statement 3
Statement 3 is designed to integrate to a client's financial system by use of fixed record and field length. It is not intended for spreadsheet consumption. Furthermore, Stmnt 3 contains transaction codes, which enables a client to categorise or group transactions. Statemnt 3 must be used in conjunction with the transaction code document.
MT940
The SWIFT MT940 customer statement for domestic accounts will facilitate the reconciliation of transactions posted to the customer account. The message provides such data / information based on a final position for the last statement cycle.
The statement provides a generic set of standards that will support automation and Straight Through Processing.
The statement provides a generic set of standards that will support automation and Straight Through Processing
The SWIFT User handbook describes the MT940 statement as follows:
The MT940 is sent by an account servicing institution (reporting institution) to a financial institution (concentrating institution), which has been authorised by the account owner to receive it.
- sent by an account servicing institution (reporting institution) to a financial institution account owner.
- sent by an account servicing institution to a non-financial institution account owner or party authorised by the account owner to receive the information.
- sent by a concentrating institution to a non-financial institution account owner or party authorised by the account owner to receive the information.
Multicash
The Multicash format is designed to integrate to a client's financial system by use of a semi-colon delimited file. The file can be viewed in a text viewer.
Multicash SAP
The SAP format is designed to integrate to a client's financial system by use of a semi-colon delimited file. The file can be viewed in a text viewer.
CAMT0.53
The camt.053 Bank to Customer Statement is a standard ISO 20022 message for electronic banking reporting: end of day statements (www.iso20022.org). This format is designed to integrate to a client's financial system.