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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 GPI to provide payment message error detection and upfront fee transparency

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New capability to give early detection of data errors to reduce unnecessary delays

How In-flow Translation is helping Rabobank prepare for ISO 20022 for payments

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Swift’s In-flow Translation service plays a central role in helping financial institutions adopt ISO 20022 for cross-border payments at their own pace. Learn more about Rabobank’s experience.

Using past data to predict future errors

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Learn how we’re using past transaction data to spot and fix errors before a payment is even sent. All thanks to the latest feature in our Payment Pre-validation offering – central beneficiary account verification.

Predictive data intelligence removes hurdles to instant cross-border transactions over Swift

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New capability leverages Swift’s insight on millions of daily transactions to flag upfront when a payment may stall because of incorrect payee details Innovation is latest in Swift’s strategy to eliminate friction and drive instant international payments around the world

Blockchain – Progression in securities markets?

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Blockchain solutions for payments seem about a dime a dozen. BNY Mellon’s Tom Casteleyn explains the latest DLT trends impacting securities.

Harnessing AI in the fight against payments fraud

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We’re launching two pilots to test the practical application of AI to enhance fraud detection in payments – all in collaboration with our global community.

Swift Chairman addresses the Business Forum London

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Yawar Shah highlights urgency and importance of Swift’s Customer Security Control Framework – here is his speech in full

Swift: A quarter of all cross-border payments now over gpi

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More than 165 banks signed up, with 100 currencies and 350 country corridors in operation as service rapidly gains traction

Swift harmonises bank connectivity to VP SECURITIES using ISO 20022 standards

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Enhancement enables banks to harness same industry standards used to connect with other securities market infrastructures across the globe

Instant – the new normal

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Carlo Palmers, Head of Market Infrastructures at Swift, talks to Daily News at Sibos editor Heather McKenzie about Instant Payments
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