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PRIMERGY
PRIMERGY TX150 S5
Server
Options Guide
Däschlein
Fujitsu Siemens Computers GmbH München
81730 München
e-mail: email: manuals@fujitsu-siemens.com
Tel.: (089) 61001155
Fax: 0 700 / 372 00000
TX150 S5
Sprachen: En
Edition August 2006
Related Manuals for PRIMERGY TX150 S5
Summary of Contents for PRIMERGY TX150 S5
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Page 1
PRIMERGY PRIMERGY TX150 S5 Server Options Guide Däschlein Fujitsu Siemens Computers GmbH München 81730 München e-mail: email: manuals@fujitsu-siemens.com Tel.: (089) 61001155 Fax: 0 700 / 372 00000 TX150 S5 Sprachen: En Edition August 2006… -
Page 2
Comments… Suggestions… Corrections… The User Documentation Department would like to know your opinion of this manual. Your feedback helps us optimize our documentation to suit your individual needs. Fax forms for sending us your comments are included in the back of the manual. There you will also find the addresses of the relevant User Documentation Department. -
Page 3: Table Of Contents
Installing a parallel interface ….Conversion standard PS to hot-plug PS … Converting from the floorstand model to the rack model . . Options Guide TX150 S5…
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Page 4
Index ……..Options Guide TX150 S5… -
Page 5: Introduction
Introduction The PRIMERGY TX150 S5 Server is an Intel-based server for small and medium-sized networks. The server is suitable for use as a file server as well as an application, information, or Internet server. It is available as a floorstand or rack model.
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Page 6
– Technical Manual for the system board D2399 (PDF file available on the ServerBooks CD) – “BIOS Setup” manual (PDF file available on the ServerBooks CD) – “TX150 S5 Server Operating Manual” (PDF file available on the Server- Books CD) – “ServerView Suite” includes the ServerStart CD, the ServerBooks CD and the ServerSupport CDs. -
Page 7: Extensions And Conversions
– 1 x PCI (32 Bit / 33 MHz, 5 V) – 1 x PCI-Express x1 (0.5 GB/s) – 1 x PCI-Express x4 (2.0 GB/s) The PCI slot 2 (blue) is prepared for Zero Channel RAID (ZCR is only possible in the SAS base units). Options Guide TX150 S5…
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Page 8
(hot-plug). Conversion of the floorstand model to a rack model The floorstand model can optionally be converted so that the server can be integrated into the common rack systems. Options Guide TX150 S5… -
Page 9: Notational Conventions
Failure to observe this warning may endanger your life, destroy the system or lead to the loss of data. indicates additional information, notes and tips. Table 1: Notational conventions Options Guide TX150 S5…
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Page 11: Procedure
Ê Close the server, connect it to the power outlet, and switch it on as described in the chapter “Completion” on page 67 et seq. . Ê Start the operating system and, if necessary, configure it as required (see the Operating Manual). Options Guide TX150 S5…
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Page 13: Safety Notes
Material damage may be caused to the device if this requirement is not observed. Transport the device only in the original packaging or in packaging that protects it from knocks and jolts. Options Guide TX150 S5…
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Page 14
Route the cables in such a way that they do not form a potential hazard (make sure no-one can trip over them) and that they cannot be damaged. When connecting up a device, refer to the relevant notes in this manual. Options Guide TX150 S5… -
Page 15
You may only set those resolutions and refresh rates specified in the „Technical data“ section of the monitor description. Otherwise, you may damage your monitor. If you are in any doubt, contact your sales outlet or customer service centre. Options Guide TX150 S5… -
Page 16
CDs, by observing the following suggestions: – Only insert the CDs in the drive when needed and remove them after use. – Store the CDs in suitable sleeves. – Protect the CDs from exposure to heat and direct sunlight. Options Guide TX150 S5… -
Page 17
Remove the power plug from the power socket before inserting or removing components containing ESDs. Always hold components with ESDs at the edges or at the positions highlighted in green (touch points). Do not touch any exposed pins or conductors on a component. Options Guide TX150 S5… -
Page 18
Safety notes Place all components on a static-safe base. You will find a detailed description for handling ESD components in the relevant European or international standards (DIN EN 61340-5-1, ANSI/ESD S20.20). Options Guide TX150 S5… -
Page 19: Preparation
Figure 2: Loosening the screws Ê Unlock the server (1). Ê Loosen the two screws at the rear side (2). Ê Push back the left-hand side cover approxiate 2 cm (3). Ê Remove the left-hand side cover (4). Options Guide TX150 S5…
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Page 20: Removing The Front Cover
Ê Disengage the three tabs (1) on the left side one after the other and rotate the front cover outward (2) about 2 cm. Figure 4: Loosening the upper hook Ê Push down the drive cover and then press the upper hook (1) on the right side inward (2). Options Guide TX150 S5…
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Page 21
Preparation Floorstand model Figure 5: Loosening the lower hooks Ê Push the drive cover upward (1). Ê Press the two lower hooks (2) on the right side inward and pull out the front cover frontward (3). Options Guide TX150 S5… -
Page 22: Removing The Hard Disk Cover
Figure 6: Removing the hard disk cover Ê Unlock the server (1) and remove the key. Ê Push the drive cover up as far as possible (2). Ê Remove the hard disk cover (3 + 4). Options Guide TX150 S5…
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Page 23: Rack Model
Ê Pull all power connectors out of the power outlets. 4.2.1 Opening the server Figure 7: Loosening the knurled screws Ê Loosen the four knurled screws (1) and pull the server as far as possible out of the rack (2). Options Guide TX150 S5…
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Page 24
Ê Pull the server a little in the direction marked (4a) until the noses (4b) disen- ngage. CAUTION! At least two people are needed to lift the server out of the rack cabinet. Ê Lift the server out of the rails (5) and place it on a table, for example. Options Guide TX150 S5… -
Page 25
Figure 9: Loosening the screws Ê Unlock the top cover by removing the two screws on the server rear (1). Ê Push the top cover to the rear approxiate 2 cm (2). Ê Remove the top cover (3). Options Guide TX150 S5… -
Page 26: Removing The Rack Front Cover
Ê Disengage the three latches (1) on the top side one after the other and pull out the plastic front cover approxiate 2 cm (2). Ê Press the three hooks (3) on the bottom side, carefully pull out on the plastic front cover and remove it to the front (4). Options Guide TX150 S5…
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Page 27: Main Memory
Memory access takes place in 2-way interleaved mode. – The memory module capacity can differ for the various memory banks: e.g. memory bank 2A/2B can be equipped with two 512 Mbyte memory modules, and memory bank 1A/1B with two 1 Gbyte memory modules. Options Guide TX150 S5…
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Page 28: Extending/Replacing The Main Memory
Figure 13: Removing a memory module Ê Flip outwards the ejector tabs on each side of the desired slot (1). Ê If the mounting location has already been equipped: carefully remove the memory module from its mounting location. (2). Options Guide TX150 S5…
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Page 29
Ê Carefully press the memory module into the DIMM slot until the ejector tabs engage on both sides of the memory module (2). Ê Close the server, connect it to the power outlet, and switch it on as described in the chapter “Completion” on page 67 et seq. . Options Guide TX150 S5… -
Page 31: Accessible Drives
EasyClick rails on the new drive. Figure 15: Removing the dummy cover Ê Press inward on the two metal tongues of the EasyClick rails (1) until the locking mechanism disengages. Ê Remove the dummy cover from the mounting bay (2). Options Guide TX150 S5…
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Page 32
Keep the remaining screws for future use. The different drives are fastened using different screws. Starting on the next page, you will find figures which show the attaching of the EasyClick rails for magnetic tape drives. Ê Push the new drive about halfway into the bay. Options Guide TX150 S5… -
Page 33
You will find in the following figures which holes and screws should be used for the magnetic tape dives. Figure 18: Attaching the EasyClick rails — tape drives LTO Ultrium 2HH / 3FH Figure 19: Attaching the EasyClick rails — tape drives VXA-2 and DDS Gen5 Options Guide TX150 S5… -
Page 34: Installing A 3.5-Inch Floppy Disk Drive
Figure 20: Removing the floppy disk drive holder Ê Remove the two screws (1) that attach the drive holder to the housing front. Ê Pull on the drive holder and completely remove it from the server (2). Options Guide TX150 S5…
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Page 35
Ê Connect the power cable to the floppy disk drive (see the cabling plans in the Appendix). Ê Attach the front cover or rack front cover, close the server, connect it to the power outlet, and switch it on as described in the chapter “Completion” on page 67 et seq. . Options Guide TX150 S5… -
Page 36: Installing The Hard Disks Extension Box
Keep the dummy covers for future use. If you remove the hard disks extension box again and do not replace it with new drives, the dummy covers must be reinstalled to comply with EMC regulations and to satisfy cooling requirements and fire protection measures. Options Guide TX150 S5…
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Page 37
Ê Push the hard disks extension box fully into the bay until the EasyClick rails lock in place. Power/ Strom Figure 24: Connectors of the hard disks extension box Ê Connect the power cable plug P2 to the power connector of the hard disks extension box. Options Guide TX150 S5… -
Page 38
Operating Manual). Ê Attach the front cover or the rack front cover, close the server, connect it to the power outlet, and switch it on as described in the chapter “Completion” on page 67 et seq. . Options Guide TX150 S5… -
Page 39: Controllers In The Pci Slots
64-Bit PCI-X bus slot; prepared for ZCR (ZCR only SAS version) 64 Bit 64-Bit PCI-X bus slot PCIe x4 bus slot PCIe x1 bus slot For more information see the Technical Manual of the system board D2399. Options Guide TX150 S5…
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Page 40: Installing A Controller
Keep the rear cover of the PCI slot for future use. If you remove the controller again and do not replace it with a new one, the rear cover must be reinstalled to comply with EMC regulations and to satisfy cooling requirements and fire protection measures. Options Guide TX150 S5…
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Page 41
Ê If required, connect the cables to the controller and other components. Ê Close the server, connect it to the power outlet, and switch it on as described in the chapter “Completion” on page 67 et seq. . Options Guide TX150 S5… -
Page 42: Pci Slot Assembly
5. PCI express x1 controller 0.5 GB/s 6. PCI express x4 controller LSI MegaRAID SATA 3080 2 GB/s 1, 2, 3, 7 Intel Pro 1000PT Dual Port 2 GB/s 1, 2, 3, 7 Table 2: PCI slot assembly Options Guide TX150 S5…
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Page 43: Sata Sw Raid
Ê Insert the RAID key in the round socket on the system board (see Technical Manual for the system board D2399). Ê Close the server, connect it to the power outlet, and switch it on as described in the chapter “Completion” on page 67 et seq. . Options Guide TX150 S5…
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Page 45: External Interfaces
Ê Attach the connector Serial2 on the system board with the COM2 interface connector. Ê Close the server, connect it to the power outlet, and switch it on as described in the chapter “Completion” on page 67 et seq. . Options Guide TX150 S5…
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Page 46: Installing A Parallel Interface
Ê Disconnect the system fan cable from the connector FAN1 SYS on the system board (see circle). Ê Press on the green lock bar of the system fan holder in direction of the arrow and remove the holder. Options Guide TX150 S5…
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Page 47
Figure 32: Fastening the plug connector at the rear of the housing Ê Feed the plug connector through the notch at the rear of the housing. Ê Fasten the plug connector to the rear of the housing using the threaded bolts supplied (see arrows). Options Guide TX150 S5… -
Page 48
Ê Connect the fan cable to the connector FAN1 SYS on the system board. Ê Close the server, connect it to the power outlet, and switch it on as described in the chapter “Completion” on page 67 et seq. . Options Guide TX150 S5… -
Page 49: Conversion Standard Ps To Hot-Plug Ps
– anti-tilt bracket Ê Open the server as described in the chapter “Preparation” on page 19 seq. . Ê Disconnect all power cables from the system board and the drives (see the cabling plans in the Appendix). Options Guide TX150 S5…
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Page 50
Figure 35: Taking out the standard power supply Ê Slide the standard power supply somewhat toward the inside (1) to detach it from the brackets in the side cover and take it out toward the side (2). Options Guide TX150 S5… -
Page 51
Ê Insert the Power backplane in the PS cage. Ê Push the Power backplane in direction of the arrows until the three bolts of the PS cage engage. Ê Fasten the Power backplane with one knurled screw (see the circle). Options Guide TX150 S5… -
Page 52
(seen from front side). CAUTION! Make sure that the two noses of the PS cage (see the arrows) engage in the housing. Ensure that no damage is caused to the cables. Options Guide TX150 S5… -
Page 53
Conversion standard PS to hot-plug PS Figure 38: Fastening the PS cage in the housing Ê Fasten the PS cage in the housing with one screw M3x4.5 mm (see the circle). Options Guide TX150 S5… -
Page 54
Ê Fasten the PS cage with three screws M3x4.5 mm (see the circles) at the rear side. Ê Connect all power cables to the system board and the drives (see the cabling plans in the Appendix). Options Guide TX150 S5… -
Page 55
Ê Push the power supply module in the left side (floorstand model) or bottom side (rack model) bay. Ê Lift the green handle somewhat upwards so that the forked levers (see the arrows) can fit to the locking rail. Options Guide TX150 S5… -
Page 56
Ê Push the green handle downward until the locking slide (see the arrow) engages. Ê Plug the power cord to the connector of the power supply module. Ê If you want to install a second power supply module, proceed in the same way. Options Guide TX150 S5… -
Page 57
(see the arrow) to the housing. CAUTION! For floorstand models with hot-plug power supply the supplied anti-tilt bracket must be fitted at the rear of the server. Options Guide TX150 S5… -
Page 58
“Closing the server” on page Figure 43: Mounting the anti-tilt bracket Ê Position the server on the anti-tilt bracket in the way that the rubber feet of the server fit into the openings of the bracket (1). Options Guide TX150 S5… -
Page 59
After installing the hot-plug power supply a fan calibration must be started. You will find the description for this procedure in the manual “ServerStart“. You will find the description of the indicators of the power supply module in the Operating Manual for the PRIMERGY TX150 S5. Options Guide TX150 S5… -
Page 61: Converting From The Floorstand Model To The Rack Model
The front cover is no longer required. Figure 45: Removing the anti-tilt bracket Ê If your server is equipped with an anti-tilt bracket, remove it: Ê Remove the two knurled screws (1) and lift the server out of the anti-tilt bracket. Options Guide TX150 S5…
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Page 62
Ê Lift the hook up slightly using a screwdriver. Ê Push the right-hand side cover in the direction of the arrow. Ê Lift off the right-hand side cover. The right-hand side cover is no longer required. Options Guide TX150 S5… -
Page 63
Get a second person to help you do this. The server can weigh up to 40 Figure 48: Removing the rubber feet Ê Remove the three screws (see the circles) and take out the rail with the two lower rubber feet. The rubber feet and the rail are no longer required. Options Guide TX150 S5… -
Page 64
Ê Turn the drives removed beforehand through 90° to the left. Ê Turn the dummy covers removed beforehand through 90° to the left. Ê Install the drives and empty covers in the drive cage. Ê Reestablish all connections to the drives. Options Guide TX150 S5… -
Page 65
To enable the rack model to be presented correctly in ServerView, proceed as follows: Ê Place the ServerStart CD-ROM CD1 in the drive. Ê Select “Tools — System Configuration Utilities — SCU Chassis Model Conversion“ and convert the server type to rack mounted. Options Guide TX150 S5… -
Page 67: Completion
Ê Push the drive cover up as far as possible (1). Ê Reinsert the hard disk cover (2 + 3). Ê Insert the key. Ê Lock the server. Ê Press the on/off key to start up the server. Options Guide TX150 S5…
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Page 68: Attaching The
Ê Press the three hooks (1) on the right side in the recesses of the housing. Ê Press the front cover onto the housing (2) until the three tabs on the left side engage (3). Ê Attach the hard disk cover as shown in figure 50 on page Options Guide TX150 S5…
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Page 69: Closing The Server
Ê Fasten the left-hand side cover with two screws (1). Ê Insert the key. Ê Lock the server. Ê Connect all power plugs to the power outlets. Ê Press the on/off key to start up the server. Options Guide TX150 S5…
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Page 70: Rack Model
Ê Press the three hooks (1) on the bottom side in the recesses of the housing. Ê Press the plastic front cover onto the housing (2) until the three tabs on the top side engage (3). Options Guide TX150 S5…
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Page 71: Closing The Server
Ê Attach the rack front cover using two screws on each side (2). 12.2.2 Closing the server Figure 56: Attaching the top cover Ê Position the top cover in such a way that it protrudes approxiate 2 cm at the rear (1). Options Guide TX150 S5…
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Page 72
Never lift or transport the server using the handles on the front panel. Ê Slide the server a little in the direction marked (2a) until the noses (2b) engage. When doing this, ensure that the telescopic rails are kept in a locked position. Options Guide TX150 S5… -
Page 73
Ê Place the cage nuts for fastening the front panel in the corresponding holes of the front support uprights and fasten the server using four knurled screws. Ê Route the cables with the inserted server as described in the Technical Manual of the corresponding Rack. Options Guide TX150 S5… -
Page 75: Appendix
SAS controller via a SAS cable. If a tape drive will be installed it is necessary to install a SCSI controller in a PCI slot and to connect the SCSI controller with the tape drive. Options Guide TX150 S5…
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Page 76
Cabling Appendix Y3910-V1 Figure 59: Cabling SAS base units with onboard SAS controller Options Guide TX150 S5… -
Page 77
Appendix Cabling Y3910-V1 Figure 60: Cabling hard disks extension box Options Guide TX150 S5… -
Page 78: Sata Base Units
If a tape drive will be installed it is necessary to install a SCSI controller in a PCI slot and to connect the SCSI controller with the tape drive. Options Guide TX150 S5…
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Page 79
Appendix Cabling Y3910-V1 Figure 61: Cabling SATA base units with onboard SATA controller Options Guide TX150 S5… -
Page 80
Cabling Appendix Y3910-V1 Figure 62: Cabling SATA base units with additional SATA RAID controller Options Guide TX150 S5… -
Page 81: Abbreviations
Automatic Server Reconfiguration and Restart BIOS Basic Input-Output System Cache Coherency Compact Disk CD-ROM Compact Disk-Read Only Memory Cylinder Head Sector CMOS Complementary Metal Oxide Semiconductor Communication Central Processing Unit Direct Current DIMM Dual Inline Memory Module Dual Inline Package Options Guide TX150 S5…
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Page 82
Extended Capabilities Port EEPROM Electrically Erasable Programmable Read-Only Memory ElectroMagnetic Compatibility Emergency Management Port Enhanced Parallel Port ElectroStatic Discharge Front Panel Controller Field Replaceable Unit Front Side Bus Global Array Manager Graphical User Interface Hard Disk Drive Options Guide TX150 S5… -
Page 83
Intelligent Chassis Management Identification Integrated Drive Electronics IOOP Intelligent Organization of PCI iRMC integrated Remote Management Controller Interrupt Request Line Local Area Network Logical Block Address Liquid Crystal Display Logical Unit Number Low-Voltage Differential SCSI Multi Mode Faser Options Guide TX150 S5… -
Page 84
Prefailure Detection and Analysing POST Power ON Self Test RAID Redundant Arrays of Independent Disks Random Access Memory Read-Only Memory Remote Service Board Real Time Clock RTDS Remote Test- und Diagnose-System SAF-TE SCSI Accessed Fault-Tolerance Enclosures Serial Attached SCSI Options Guide TX150 S5… -
Page 85
Small Computer System Interface SDDC Single Device Data Correction Sensor Data Record SDRAM Synchronous Dynamic Random Access Memory System Event Log System Management Interrupt System Setup Utility SVGA Super Video Graphics Adapter Universal Serial Bus Video Graphics Adapter Options Guide TX150 S5… -
Page 87: Related Publications
Related publications PRIMERGY manuals are available as PDF file on the ServerBooks CD. The ServerBooks CD is part of the PRIMERGY ServerView Suite delivered with each server system. The current versions of the required manuals can be downloaded free of charge as PDF files from the Internet.
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Page 88
Related Publications [13] PRIMERGY ServerView Suite ServerView Server management User Manual [14] PRIMERGY ServerView Suite RemoteView User Manual [15] ServerView RAID User Manual [16] PRIMECENTER Rack Technical Manual [17] DataCenter Rack Technical Manual [18] 19” Rack Technical Manual [19] LSI SATA Software RAID… -
Page 89: Index
ESD (devices sensitive to electrostatic discharge) external interfaces floorstand to rack model conversion floppy disk drive floppy disk drive holder front cover 20, hard disk cover 22, hard disks extension box 7, information material light-emitting diode (LED) lithium battery Options Guide TX150 S5…
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Page 91
Comments Fujitsu Siemens Computers GmbH User Documentation Suggestions 81730 München Germany Corrections Fax: 0 700 / 372 00000 email: manuals@fujitsu-siemens.com http://manuals.fujitsu-siemens.com Submitted by Comments on PRIMERGY TX150 S5 Server TX150 S5… -
Page 93
Comments Fujitsu Siemens Computers GmbH User Documentation Suggestions 81730 München Germany Corrections Fax: 0 700 / 372 00000 email: manuals@fujitsu-siemens.com http://manuals.fujitsu-siemens.com Submitted by Comments on PRIMERGY TX150 S5 Server TX150 S5… -
Page 95
Information on this document On April 1, 2009, Fujitsu became the sole owner of Fujitsu Siemens Compu- ters. This new subsidiary of Fujitsu has been renamed Fujitsu Technology So- lutions. This document from the document archive refers to a product version which was released a considerable time ago or which is no longer marketed.
Руководство пользователя
33. Опции 37, 38 DHCPv6
241
www.qtech.ru
33 ОПЦИИ 37, 38 DHCPV6
33.1 Введение в опции 37, 38 DHCPv6
DHCPv6 (протокол динамической конфигурации хостов для IPv6) разработан для
адресной схемы IPv6 и используется для назначения хостам IPv6 префиксов, IPv6 адресов
и других конфигурационных параметров.
Если DHCPv6 клиент хочет запросить параметры конфигурации от DHCPv6 сервера,
находящегося в другом сегменте, то для этого потребуется DHCPv6 ретранслятор. DHCPv6
сообщение, принятое ретранслятором, инкапсулируется в «relay-forward» пакеты,
переправляемые серверу, который затем отвечает DHCPv6 ретранслятору пакетами
«relay-reply». Затем ретранслятор восстанавливает из этих пакетов DHCPv6 сообщение и
пересылает его клиенту.
Есть некоторые проблемы при использовании DHCPv6 ретранслятора, например: Как
назначить IP адрес в фиксированном диапазоне конкретным пользователям? Как
избежать нелегального присвоения IP адресов, вызванного атакой, нацеленной на
исчерпание свободных адресов? Как избежать нелегальных DHCPv6 клиентов,
использующих MAC адрес других клиентов? Эти проблемы решаются посредством опций
37 и 38 DHCPv6 (RFC4649 и RFC4580).
Опции 37 и 38 DHCPv6 подобны опции 82 DHCP. DHCPv6 ретранслятор добавляет опции
37 и 38 к пересылаемым запросам и убирает эти опции из ответов сервера. Таким
образом применение опций 37 и 38 прозрачно для клиента.
По опциям 37 и 38 DHCPv6 сервер может аутентифицировать DHCPv6 клиента и DHCPv6
ретранслирующее устройство, назначать и управлять клиентскими адресами, тем самым
предотвращать различные DHCPv6 атаки. Так как сервер определяет, с какого порта
доступа пришел запрос, он может ограничить количество выделяемых адресов на порт
доступа, тем самым предотвратить атаку, нацеленную на исчерпание адресов. Однако
RFC4649 и RFC4580 не определяют, как сервер будет использовать опции 37 и 38,
пользователь может использовать их по своему усмотрению.
33.2 Список задач конфигурации опции 37, 38 DHCPv6
1 Конфигурация базовых опций Dhcpv6 snooping
2 Конфигурация базовых опций Dhcpv6 ретранслятора
3 Конфигурация базовых опций Dhcpv6 сервера
1. Конфигурация базовых опций Dhcpv6 snooping
Команда
Description
Общий режим
ipv6 dhcp snooping remote-id option
no ipv6 dhcp snooping remote-id option
Включает поддержку опции 37 в DHCPv6
snooping. Команда no выключает поддержку.
Что такое Swaption — Руководство по опциям обмена?
Свопцион, также известный как своп-опцион, относится к возможности заключить процентный своп или какой-либо другой тип свопа. В обмен на премию за опцион покупатель получает право, но не обязанность, заключить определенное соглашение о свопе с эмитентом в определенную дату в будущем.
Что вам говорит своп-опцион?
Свопционы бывают двух основных типов: обмен плательщика и обмен получателя. При обмене с плательщиком покупатель имеет право, но не обязан, заключить договор о свопе, в котором он становится плательщиком с фиксированной ставкой и получателем с плавающей ставкой . Свопцион получателя является противоположным, т. Е. Покупатель имеет возможность заключить контракт на обмен, по которому он получит фиксированную ставку и заплатит плавающую ставку.
Свопционы представляют собой внебиржевые контракты и не стандартизированы, как опционы на акции или фьючерсные контракты. Таким образом, покупатель и продавец должны согласовать цену свопциона, время до истечения срока свопциона, условную сумму и фиксированные / плавающие ставки.
Помимо этих условий, покупатель и продавец также должны согласовать, будет ли стиль обмена бермудским, европейским или американским. Эти названия стилей не имеют ничего общего с географией; вместо этого ссылка на методологию, в которой будет выполняться свопцион.
Ключевые моменты
- Бермудский своп: покупателю разрешается исполнить опцион и заключить указанный своп в заранее определенный набор конкретных дат.
- Европейский свопцион: покупателю разрешается исполнить опцион и заключить своп только в дату истечения срока свопциона.
- Американский своп: покупатель может исполнить опцион и заключить своп в любой день с момента возникновения свопа до даты истечения срока его действия. (После создания может быть короткий период блокировки.)
Поскольку свопционы представляют собой индивидуальные контракты, в условия могут быть включены более креативные, персонализированные и / или уникальные условия.
Как работает рынок своп-опционов?
Свопционы обычно используются для хеджирования позиций по опционам на облигации, для помощи в реструктуризации текущих позиций, для изменения портфеля или для корректировки совокупного профиля выплат сторон. Из-за характера свопционов участниками рынка обычно являются крупные финансовые учреждения, банки и / или хедж-фонды. Крупные корпорации также участвуют в рынке свопционов, чтобы помочь управлять риском процентной ставки.
Своп-контракты предлагаются в большинстве основных мировых валют, включая доллар США (USD), евро и британский фунт стерлингов. Коммерческие банки, как правило, являются основными участниками рынка, потому что огромный технологический и человеческий капитал, необходимый для мониторинга и поддержки портфеля свопционов, обычно недоступен для небольших фирм.