The Global Head of Trade Products at UniCredit shares his views on Swift's role in the corporate market.

Welcome to the 6th edition of ISO 20022 in bytes. In this edition, with just thirteen months until the go-live of CBPR+ and the Transaction Manager (TM), we’ll hear from Payments Canada about their journey as an RTGS to adopt HVPS+, the ISO 20022 market practices for payment market infrastructures. The CBPR+ programme is moving ahead at full steam, with the in-flow translation service set to become available for testing this November, and a refined transition period for next year’s move from…

Launched in January, Swift Securities View enables clear tracking across all steps of the settlement process 34 of world’s biggest institutions have signed up, representing 630 million securities transactions per year Global participants include HSBC, BNY Mellon, and Nomura Asset Management

Over 50 of the world’s largest institutions have signed up for the new service that helps reduce settlement fails through clear end-to-end tracking across post-trade processing.

Swift innovation enables CBDCs to move seamlessly on existing financial infrastructure and efficiently scale for international transactions across more than 200 countries 18 central and commercial banks encourage continued development after nearly 5,000 CBDC-to-CBDC and CBDC-to-fiat simulations over 12-week period Swift will build beta version for further testing and explore additional use cases in securities settlement and trade finance

Digital assets could unlock a range of untapped opportunities in financial services and enable firms to deliver new value to their customers. But challenges persist that need to be resolved first.

Better data means better payments 

The concept of a new, universal shared ledger for digital payments and assets is gaining interest as a way of transforming how transactions are recorded and settled. When combined with a messaging layer, a shared ledger could create a powerful proposition capable of supporting the rich, structured data exchange needed for transactions in regulated assets or money.

The results of our latest collaborative CBDC sandbox experiments are in, successfully demonstrating the use of CBDCs and other digital tokens across simulated digital trade, tokenised asset and FX networks, and payments.

China has dominated the production of rare earth metals – the vital inputs in the clean energy transition as well as military equipment. But this could be all set to change as Western economies seek greater control and to reduce their dependence.