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2. Early Participant Testing (EPT)

2.1 Onboarding Process

The following document provides a diagrammatic view of the onboarding process from an LFI and TPP perspective.

2.2 Mercury Execute KYC/KYB Process with LFIs

• Mercury will review the onboarding form and execute the KYC/KYB processes with the LFIs Primary Business Contact (PBC).

• The KYC/KYB processes are a pre-requisite for LFIs and therefore they must complete this process before being onboarded onto the Open Finance Portal (OFP).

• At the end of this process, the PBC will be authorised on the Open Finance Trust Framework (OFTF) to issue the Open Finance Terms & Conditions for the LFI representatives to sign.

• Once the LFIs PBC is onboarded on the OFTF, they must appoint the LFI representatives who will sign the Participation Document.

• Mercury will then validate signatures and that the appointed representatives have enough powers to represent the Participant.

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3 OFTF Sandbox Available to Industry

• Once the PBC is authorised on the OFTF, they will be sent an e-mail from the OFTF Sandbox asking to register on the platform and proceed with the generation of the T&Cs.

• Having undertaken the process in 3.1, the PBC will be promoted on the OFTF Sandbox, allowing them to register additional technical users, who will also be asked to register on the platform.

• Technical users will be now able to create/manage technical resources responsible for generation of necessary transport, signing and encryption certificates.

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4 OFTF Production Available to Industry

• The Same PBC promoted on the OFTF Sandbox will be given administrative powers on the OFTF Production allowing them to execute the same steps defined on 3.2.

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