IBM WebSphere Business Integration Connection for JASDEC enables Straight Through Processing reducing transaction settlement times

IBM United States Software Announcement 204-032
March 9, 2004

 ENUS204-032.PDF (39KB)

Table of contents   Document options  
At a glance Publications
Overview Technical information
Key prerequisites Ordering information
Planned availability dates Terms and conditions
Description IBM electronic services
Product positioning Prices
Offering information  
 
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At a glance

IBM WebSphere Business Integration Connection for JASDEC provides the following capabilities to support communications between financial institutions and Japan Securities Depository Center (JASDEC), Japan's sole securities depository:

  • Message transformation service between JASDEC format and XML
  • Predefined message dictionary for JASDEC messages

 
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Overview

Evolution in technology and changes in the business environment now require new financial messaging solutions. Financial infrastructures that surround custodians and securities are expanding with new RTGS systems and new Pre-Settlement Matching Systems (PSMS) in Central Security Depositories (CSD). External financial networks are providing new value added services to achieve Straight Through Processing (STP). Securities companies and custodians require a flexible infrastructure that can adapt to these constant changes.

In Japan, over 50% of outstanding shares of publicly traded companies are managed by the Japan Securities Depository Center (JASDEC), Japan's sole securities depository. Systems provided by JASDEC assure the streamlining of the securities issuing process, thereby improving the efficiency of custody and delivery of stocks and other securities. This system allows the securities to be centrally managed in the depository organization, which reduces the risk of having the securities physically exchanged among parties. Instead, these operations are replaced by the book-entry transfer in the accounts. Currently, the PSMS system is not integrated with the JASDEC settlement system, but JASDEC is planning to integrate those systems for delivery versus payment (DVP). At that time, data from PSMS will automatically be sent to the settlement system to further shorten the trade time.

WebSphere® Business Integration for Financial Networks is a business integration platform that serves as a messaging hub from which any number of financial applications can share centralized message processing services. Several accelerators run on top of WebSphere Business Integration for Financial Networks, each giving applications access to additional services. One of these accelerators is the IBM WebSphere Business Integration Connection for JASDEC, which provides access to JASDEC systems, and supports its PSMS application.
 
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Key prerequisites

WebSphere Business Integration for Financial Networks V1.1

For details, refer to the Software requirements and Hardware requirements sections.


 
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Planned availability dates
  • March 9, 2004: Electronic software delivery
  • March 26, 2004: Media and documentation

 
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Description

Most financial institutions realize that integrating and upgrading their heterogeneous systems and business applications moves them a giant step toward achieving their business goals. This is especially true for:

  • Financial institutions that have recently merged that must consolidate diverse product portfolios and application sets
  • IT centers that serve several financial institutions with requirements to provide a wide variety of applications while keeping the data of their various customers completely segregated

IBM WebSphere Business Integration for Financial Networks Base and Entry Edition Base address these issues. Each of these WebSphere Business Integration for Financial Networks products is a business integration platform that serves as a messaging hub from which any number of financial applications can share centralized message processing services. This is especially true for services that provide centralized access to various financial networks such as the SIPN, FEDNET, RadianzNet, and clearing and settlement systems such as RTGSplus, Fedwire, CHIPS, and EBA STEP2.

Having many applications share such services reduces the cost, complexity, and time needed to implement each application. The consolidation, centralization, and reuse of message processing services result in increased productivity and simplified operation, which in turn result in cost savings.

The base products of WebSphere Business Integration for Financial Networks use the following established IBM middleware to improve overall stability and to allow you take advantage of special capabilities:

  • IBM WebSphere Business Integration Message Broker
  • IBM WebSphere MQ
  • IBM DB2 Universal Database®

A WebSphere Business Integration for Financial Networks' solution includes a base product, plus additional optional extensions. The base product provides a collection of easy-to-use, message processing services that enable you to centralize common tasks such as:

  • Controlling access to resources
  • Recording audit data
  • Logging events
  • Storing messages

The extensions are collections of additional, special-purpose services that extend the capabilities of the base product, for example, access to specific financial networks. Anyone (clients, independent software vendors (ISVs), or IBM) can create these extensions.

IBM has previously announced extensions that allow clients to access the SWIFT network, and IBM now offers WebSphere Business Integration Connection for JASDEC that allows clients to access an additional financial network. It provides services required by companies that trade securities and need access to the sole securities depository center in Japan.

WebSphere Business Integration Connection for JASDEC provides:

  • Predefined message dictionary for JASDEC messages: JASDEC messages are used in the settlement of securities, and all parties that access the JASDEC network communicate using these messages. The formats of these messages must be known by the applications that handle them. WebSphere Business Integration Connection for JASDEC provides a dictionary of these message formats.
  • Message transformation service for accessing the JASDEC network: To streamline financial institutions' processes and to enable STP or T+1 transactions, applications require seamless connectivity to the JASDEC network. The standard message format used by many major applications is XML. The message transformation service in WebSphere Business Integration Connection for JASDEC provides a service to transform messages between JASDEC and XML message formats. This message transformation service lets the network hub become a part of a totally integrated solution through the use of the process hub, as commonly realized by other WebSphere Business Integration products.

Use of base services

WebSphere Business Integration Connection for JASDEC uses the following services provided by the WebSphere Business Integration for Financial Network Base and Entry Edition Base.

  • Recording audit data
  • Event handling
  • Configuration
  • Access control
  • Monitoring, and
  • Message storage

IBM WebSphere Business Integration Connection for JASDEC is provided in Japanese only and works only within Japan.
 
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Product positioning

WebSphere Business Integration Connection for JASDEC is a high-volume financial message processing platform supporting the JASDEC network that:

  • Provides a messaging hub and integration platform for JASDEC-related applications
  • Supports PSMS provided by JASDEC
  • Is an extension to WebSphere Business Integration for Financial Networks Base, which is a component of IBM business integration middleware infrastructure

The WebSphere Business Integration for Financial Networks base product, along with the WebSphere Business Integration Connection for JASDEC enables:

  • Management of mission-critical, high-volume, and high-value message networks
  • Integration of applications utilizing centralized, shared services of the base and the extensions
  • Additional services may be written by:
    • IBM organizations
    • ISVs
    • Client IT shops
  • Quick response to future network consolidation requirements with integrated solutions

Trademarks

 
WebSphere and DB2 Universal Database are registered trademarks of International Business Machines Corporation in the United States or other countries or both.
 
Other company, product, and service names may be trademarks or service marks of others.

 
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Offering information

Product information will be available through the Offering Information Web site at

and through the Passport Advantage® Web site at


 
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Publications

The publications for WebSphere® Business Integration Connection for JASDEC are available online. Visit

The publications are:

  • WebSphere Business Integration Connection for JASDEC User's Guide, SB88-0725
  • WebSphere Business Integration Connection for JASDEC Installation Guide, SB88-0726

No publications are shipped with this product.
 
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Technical information

Specified operating environment

Hardware requirements

Server products — For AIX®

  • Processor: IBM RS/6000® or IBM eServer pSeries®
  • Clock rate: 450 MHz (minimum)
  • System memory: 4 GB
  • Disk space: 36 GB
  • Any communication hardware supporting the chosen WebSphere MQSeries® configuration
  • A graphical display supporting X-Windows is recommended (A Telnet-capable display is sufficient.)

Software requirements

WebSphere Business Integration Connection for JASDEC

  • IBM AIX 5L for POWER™ V5.2 (5765-E62) with Maintenance Level 1 plus APAR IY44922
  • IBM DB2 Universal Database® V8.1 plus Fixpac 3
  • IBM Java™ Runtime Environment 1.3.1 SR3 (provided in AIX V5.2)
  • IBM WebSphere Business Integration for Financial Networks for Multiplatforms. One of the following:
    • IBM WebSphere Business Integration for Financial Networks Base (for AIX) plus PTF UQ84278
    • IBM WebSphere Business Integration for Financial Networks Entry Edition Base (for AIX) plus PTF UQ84278
  • For connection to JASDEC: LINKGATEWAY Series V2.0 (Brainyworks, Ltd.)
  • IBM WebSphere Business Integration Message Brokers V5.0 (A limited license is included in WebSphere Business Integration for Financial Networks Base V1.1.) plus CSD2, IC38225, and APAR IY53814
  • IBM WebSphere MQ for AIX V5.3 (A limited license is included in WebSphere Business Integration for Financial Networks Base V1.) plus CSD 5

Planning information

Direct customer support: Software Maintenance, previously referred to as Subscription and Technical Support, is now included in the Passport Advantage Agreement. Installation and technical support for the products announced in this letter is provided by the Software Maintenance offering of the IBM International Passport Advantage Agreement. This fee service enhances customer productivity by providing voice and/or electronic access into the IBM support organizations.

Packaging

Media pack contents:

WebSphere Business Integration Connection for JASDEC consists of one CD:

  • WebSphere Business Integration Connection for JASDEC 1.1

This program when downloaded from a Web site, contains the applicable IBM license agreement, and License Information (LI), if appropriate, and will be presented for acceptance at the time of installation of the program. The license and LI will be stored in a directory such as LICENSE.TXT for future reference.

Security, auditability, and control

WebSphere Business Integration Connection for JASDEC uses the security and auditability functions of WebSphere Business Integration for Financial Networks Base.

The customer is responsible for evaluation, selection, and implementation of security features, administrative procedures, and appropriate controls in application systems and communication facilities.
 
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Ordering information

Product information

Licensed                                          Product
function title           Product group            category
 
WebSphere                IBM WebSphere            WebSphere
 Business                                          Business
 Integration                                       Integration
 Connection                                        for Financial
 for JASDEC                                        Networks

Charges are based on Message Units converted to Value Units.

Message-based pricing: Pricing for IBM WebSphere Business Integration Connection for JASDEC is based on the volume of "message units" used by a licensed user. The charge unit for WebSphere Business Integration Connection for JASDEC is Value Unit. The volume of messages units is converted to value units, based on the Value Unit Exhibit below.

A message unit is defined as a transaction that is external to WebSphere Business Integration Connection for JASDEC. Such transactions are typically measured when leaving WebSphere Business Integration Connection for JASDEC and entering the network or network access controller, and when leaving the network or network access controller and entering WebSphere Business Integration Connection for JASDEC. Importantly, a business service may consist of multiple transactions that constitute multiple message units. For example, when an order gets confirmed by the receiving bank, this constitutes two transactions and two message units.

The volume of message units that is relevant for pricing purposes is the total number of monthly message units a licensed user sends and receives using IBM WebSphere Business Integration Connection for JASDEC, based on the peak monthly message volume from the preceding 12 months.

Initial pricing

Initial pricing will be calculated based on either:

  • The client's peak monthly messages from the history reports the customer provides for the preceding 12 months, or
  • The client's estimation of its anticipated peak monthly message volume

If initial pricing is based on a client's estimate, the client shall utilize the message counting procedure identified by IBM to create a message usage report from the audit log the fourth working day of each month during the first six months. The customer agrees to send these six message usage reports to IBM in the seventh month for assessment of the monthly message volumes. If the peak monthly volume is higher than the estimate used in initial pricing, the client will be charged for additional licenses and maintenance.

The message counting tool is provided with the product. Instructions are provided in the product README file.

Subsequent pricing/annual adjustment: WebSphere Business Integration Connection for JASDEC pricing for the second year and subsequent years will be reassessed based on relevant message-based usage reports provided by the client. Appropriate WebSphere Business Integration Connection for JASDEC pricing for the following year will be determined based on the peak monthly volume in the preceding 12 months. In addition to the annual maintenance fees for the product originally licensed, additional license and maintenance fees will apply if the peak monthly volume is higher than the volume used in the prior year pricing calculation.

Value Unit exhibit

Usage           VU/Message          Minimum            Maximum
 
Tier 1             250                      1                  1
 
Tier 2          0.0195                      2             10,000
 
Tier 3          0.0053                 10,001            100,000
 
Tier 4          0.0016                100,001          1,000,000
 
Tier 5          0.0010              1,000,001                  n

An example of converting 1.5 million (1,500,000) messages to Value Units is shown below. Based on this conversion, the client would order 2862 Value Units of WebSphere Business Integration Connection for JASDEC.

                   Messages             VUs/               Value
Usage              by Tier              Message            Units
 
Tier 1                     1               250               250
 
Tier 2                 9,999            0.0195               195
 
Tier 3                90,000            0.0053               477
 
Tier 4               900,000            0.0016              1440
 
Tier 5               500,000            0.0010               500
 
Total              1,500,000                                2862

Note: This example covers only the pricing of WebSphere Business Integration Connection for JASDEC. The pricing for the WebSphere Business Integration for Financial Networks Base products and other extensions are priced separately.

Passport Advantage program licenses

WebSphere Business Integration Connection for JASDEC

                                                         Part
Part description                                         number
 
WEBSPHERE BUSINESS INTEGRATION
 (WBI) CONNECTION FOR JASDEC
WBI Connection for JASDEC Value Units                    D53JRLL
 License and SW Maintenance 12 Months
WBI Connection for JASDEC Value                          E017NLL
 Units SW Maintenance Annual Renewal
WBI Connection for JASDEC Value Units                    D53JSLL
 SW Maintenance Reinstatement
 12 Months

Passport Advantage supply

                                                         Part
Program name/description                                 number
 
WBI CONNECTION FOR JASDEC V1.1.0
Media Pack Japanese AIX V5.x                             BA0CFJA
 CD-ROM Digital Disk -- ISO 9660
 Standard V1.1.0

Passport Advantage customer: Media pack entitlement details

Customers with active Maintenance or Subscription for the products listed below are entitled to receive the corresponding media pack.

WBI Connection for JASDEC V1.1.0

Entitled maintenance            MEDIA packs              Part
offerings description           description              number
 
WebSphere Business              WBI Connection           BA0CFJA
 Integration                     for JASDEC
 Connection for                  Japanese AIX
 JASDEC Value                    V5.x CD-ROM
 Units                           Digital Disk
                                 -- ISO 9660
                                 Standard

 
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Terms and conditions

This product is only available via Passport Advantage. It is not available as shrinkwrap.

Licensing: IBM International Program License Agreement. Proofs of Entitlement (PoE) are required for all authorized use.

Part number products only, offered outside of Passport Advantage, where applicable, are license only and do not include Software Maintenance.

License information form numbers

                               Program
Program name                   number              Form number
 
WebSphere Business             5724-D96            L-HABE-5SM647
 Integration
 Connection
 for JASDEC

Limited warranty applies: Yes

Warranty: This program has warranty for a minimum of one year from acquisition from IBM or authorized Business Partner. The warranty provided to the customer, for at least one year from acquisition, is access to data bases (read Web sites) for program information, FAQs, including any known fixes to defects, which the customer can download or obtain otherwise and install at their leisure.

Program technical support: Technical Support of a program product will be available for a minimum of three years from the general availability date, as long as your Software Maintenance is in effect. This Technical Support allows you to obtain assistance (via telephone or electronic means) from IBM for product-specific, task-oriented questions regarding the installation and operation of the program product. Software Maintenance also provides you with access to updates, releases, and versions of the program. Customers will be notified, via announcement letter, of discontinuance of support with 12 months notice. If you require additional technical support from IBM, including an extension of support beyond the discontinuance date, contact your IBM representative or Business Partner. This extension may be available for a fee.

Money-back guarantee: If for any reason you are dissatisfied with the program, return it within 30 days from the invoice date, to the party (either IBM or its reseller) from whom you acquired it, for a refund. This applies only to your first acquisition of the program.

Copy and use on home/portable computer

                                                 Copy and use on
                                                 home/portable
Product name                                     computer?
 
WebSphere Business Integration                   No
 Connection for JASDEC

Volume orders (IVO): No

Passport Advantage applies

Yes and through the Passport Advantage Web site at

Software maintenance applies: Yes

Software Maintenance, previously referred to as Subscription and Technical Support, is now included in the Passport Advantage Agreement. Installation and technical support for the products announced in this letter is provided by the Software Maintenance offering of the IBM International Passport Advantage Agreement. This fee service enhances customer productivity by providing voice and/or electronic access into the IBM support organizations.

IBM includes one year of Software Maintenance with the initial license acquisition of each program acquired. The initial period of Software Maintenance can be extended by the purchase of a renewal option that is available.

While your Software Maintenance is in effect: IBM provides you assistance for your (1) routine, short duration installation and usage (how-to) questions; and (2) code-related questions. IBM provides assistance via telephone and, if available, electronic access, only to your information systems (IS) technical support personnel during the normal business hours (published prime shift hours) of your IBM support center. (This assistance is not available to your end users.) IBM provides Severity 1 assistance 24 hours a day, every day of the year. For additional details, consult your IBM Software Support Guide at

Software Maintenance does not include assistance for (1) the design and development of applications, (2) your use of programs in other than their specified operating environment or (3) failures caused by products for which IBM is not responsible under this agreement.

For more information about the Passport Advantage Agreement, refer to the IBM International Passport Advantage Agreement Software Announcement 201-202 , dated July 10, 2001, or visit the Passport Advantage Web site at

IBM Operational Support Services — Support Line: No

Other support: Passport Advantage

iSeries™ Software Subscription applies: No

Educational allowance available: Not applicable
 
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IBM electronic services

IBM Global Services has transformed its delivery of hardware and software support services to put you on the road to higher systems availability. IBM Electronic Services is a Web-enabled solution that provides you with an exclusive, no-additional-charge enhancement to the service and support on the IBM eServer. You should benefit from greater system availability due to faster problem resolution and pre-emptive monitoring. IBM Electronic Services is comprised of two separate but complementary elements: IBM Electronic Services news page and IBM Electronic Service Agent™.

IBM Electronic Services news page provides you with a single Internet entry point that replaces the multiple entry points traditionally used by customers to access IBM Internet services and support. By using the news page, it enables you to gain easier access to IBM resources for assistance in resolving technical problems.

The IBM Electronic Service Agent is no-additional charge software that resides on your IBM eServer system. It is designed to proactively monitor events and transmit system inventory information to IBM on a periodic customer-defined timetable. The IBM Electronic Service Agent tracks system inventory, hardware error logs and performance information. If the server is under a current IBM maintenance service agreement or within the IBM Warranty period, the Service Agent automatically reports hardware problems to IBM. Early knowledge about potential problems enables IBM to provide proactive service that maintains higher system availability and performance. In addition, information collected through the Service Agent will be made available to IBM service support representatives when they are helping answer your questions or diagnosing problems.

To learn how IBM Electronic Services can work for you, visit


 
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Prices

Passport Advantage

For Passport Advantage information and charges, contact your IBM representative or authorized IBM Business Partner. For additional information about the Passport Advantage offering, visit the following Web site

To order, contact the Americas Call Centers, your local IBM representative, or your IBM Business Partner.

To identify your local IBM Business Partner or IBM representative, call 800-IBM-4YOU (426-4968).

Global Financing

IBM Global Financing offers competitive financing to credit-qualified customers to assist them in acquiring IT solutions. Our offerings include financing for IT acquisition, including hardware, software, and services, both from IBM and other manufacturers or vendors. Offerings (for all customer segments: small, medium, and large enterprise), rates, terms, and availability can vary by country. Contact your local IBM Global Financing organization or visit the Web at

IBM Global Financing offerings are provided through IBM Credit LLC in the United States and other IBM subsidiaries and divisions worldwide to qualified commercial and government customers. Rates are based on a customer's credit rating, financing terms, offering type, equipment type and options, and may vary by country. Other restrictions may apply. Rates and offerings are subject to change, extension or withdrawal without notice.

Trademarks

 
POWER, iSeries, and Electronic Service Agent are trademarks of International Business Machines Corporation in the United States or other countries or both.
 
Passport Advantage, WebSphere, AIX, RS/6000, pSeries, the e-business logo, MQSeries, and DB2 Universal Database are registered trademarks of International Business Machines Corporation in the United States or other countries or both.
 
Java is a trademark of Sun Microsystems, Inc.
 
Other company, product, and service names may be trademarks or service marks of others.

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