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Closed User Group (CUG)

A subset of customers that have been grouped to use certain Swift services and products in a defined context (typically, the participation of customers in a market infrastructure, a Member-Administered Closed User Group, or a solution). Either Swift or a service administrator defines the eligibility criteria and participation in the Closed User Group.

Market Infrastructure Closed User Group (MI-CUG)

A Closed User Group implemented in support of a service managed by a market infrastructure (MI).

Member-Administered Closed User Group (MA-CUG)

Member-Administered Closed User Group. A Swift-operated, member-managed service that uses messaging service. The Member-Administered Closed User Group is designed to enable users that participate in the Closed User Group to exchange Swift messages bilaterally with the service administrator, or with the administrator-related participant.

Related links
Subscribe to MA-CUG service (www.swift.com)
MA-CUG Service Description

Swift Essentials

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From 1 January 2024, Swift Essentials will be applied universally to all Swift users in scope. If your organisation is in scope for Swift Essentials, you will have received an operational notification via email in September 2023, containing full details.

Details

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Swift Business Forum Canada

MyStandards FAQ

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Your MyStandards questions answered

Swift Innovation Forum 2024

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… this form. Status message Submissions for this form are closed. Leave this field blank Get personalised insights …

KYC Registry

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… Chartered 3 min view KYC Testimonial Video – Erste Group, Lloyds and Raiffeisen 3 min view KYC Testimonial Video …

Sponsors

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Swift Business Forum - New York 2015

Document centre

Resource center
On this page you will find all the documents available on this topic.

Common Global Implementation

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Bringing together community expertise on corporate-to-bank implementation topics

Market Practice

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… across the industry. Groups Payments Market Practice Group (PMPG) A global forum to drive better market … practice groups. Read more   Securities Market Practice Group (SMPG) We facilitate the  SMPG , an industry initiative … market practice guidelines are contained within the Swift  User Handbook . Refer to the relevant volumes to learn more. …

Fine-tune sanctions filters to compliance, risk management and operational objectives

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Your transaction, customer and PEP filters must be up-to-date with the latest regulatory requirements and aligned with your risk policies and appetite. They must be efficient so you can deliver on your customer service requirements. Sanctions Testing has been developed in collaboration with our customers to provide automated, independent testing and assurance.
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