service administrator destination
A valid Swift eight-character BIC that Swift assigns to the service administrator. The service administrator destination is used in digital signatures. The service administrator destination can be the same as the primary server destination.
service administrator related participant (SARP)
A Swift user that belongs to the same financial institution as the service administrator. To be considered as part of the same financial institution, Swift must register the service administrator related participant and the service administrator as belonging to the same group of customers for traffic aggregation purposes.
Swift joins forces with other major EU infrastructures to fight cyber threat
Protecting European citizens and financial institutions from cybercriminals
Regulatory Oversight Committee Endorses CICI Utility Developed by Swift and DTCC as a Globally Accepted Pre-LOU
Brussels - 9 October 2013 - Swift announced today that the CICI Utility, the interim global legal entity identifier (LEI) solution developed in collaboration with the Depository Trust & Clearing Corporation (DTCC), has been endorsed by the Regulatory Oversight Committee (ROC) as a pre-Local Operating Unit (LOU).
50 countries are now using the RMB for more than 10% of their payments value with China and Hong Kong
According to Swift data, RMB is now used for 11.2% of total payments value with China and Hong Kong, up from 6.2% 18 months ago.
A community approach to promoting trust, transparency, and efficiency in KYC processes
Swift’s KYC Registry is now fully aligned with the latest Wolfsberg Group due diligence questionnaires, giving banks everything they need to manage their correspondent relationships in one place.
Fighting cyber-security threats on all fronts
Swift continues to support its customers in reinforcing the security of their Swift-related infrastructure
Funds processing rates reach new levels of automation
New report from EFAMA and Swift confirms total industry standardisation and automation rates continue to progress.
Leverage your Swift data for global correspondent banking transparency
Robust controls are essential when it comes to ensuring compliance and mitigating risk in correspondent banking.
Matthieu de Heering speaks on the evolving cyber threat at International Financial Congress, St. Petersburg
IFC brings together bank CEOs, central bank governors, government officials, and financial leaders from across the world.
Making real-time cross-border payments a reality
Harry Newman, Head of Banking at Swift, sat down with Joy Macknight from The Banker at Sibos 2019 to discuss the drivers behind real-time cross-border payments, and how the Swift community is moving to make them a reality.
Swift report shares insights into evolving cyber threats
A new report from Swift reveals the evolution of the increasingly sophisticated cyber threats facing the global financial community