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.
Future Trends in Sanctions
Can automation, artificial intelligence and outsourcing resolve inefficiencies?
Experts debate liquidity in FX markets
Liquidity in major currency pairs is healthy, but the structure of liquidity in FX is changing. Fewer banks are willing to take principal risk, most feed off the liquidity of others, the much-vaunted non-bank liquidity providers are proving reliant on bank credit, and buy-side firms are interested primarily in data that can tell them where liquidity is - and is not.
UK Economic Recovery Predicted in February 2013 by the Swift Index
Brussels, 17 September 2013 – Swift, the financial messaging provider for more than 10,000 financial institutions and corporations in 212 countries, today confirmed that the SWFT Index accurately forecast the current economic recovery growth levels for the UK, the US and OECD region seven months ago.
Unlocking the power of AI
Artificial intelligence can dramatically improve the speed of transactions and the accuracy of anomaly detection. To help realise the full potential of this technology, we’re building a state-of-the-art AI platform and innovating with our community.
Connecting digital islands: Paving the way for global use of CBDCs and tokenised assets
Our ground-breaking new innovation lays a path for digital currencies and tokenised assets to integrate seamlessly with the world’s existing financial ecosystem.
CBDCs interoperability: 5 key takeaways from our ground-breaking experiments
We’re laying the foundations for global payments using Central Bank Digital Currencies. Find out how.
The KYC Registry continues to foster trust across our community
New capabilities underline the critical role the KYC Registry plays within the Swift community.
Data and buy-side engagement key to FX market self-regulation
Codes of conduct and market standards address poor behaviour in FX markets far more effectively than formal regulation − which has inadvertently altered the balance between liquidity providers and liquidity consumers, and could even discourage prudent behaviour. But, buy-side commitment and improved data transparency are recommended strategies to further improve behaviour.
In focus with ACI: Delivering value beyond compliance with ISO 20022
ISO 20022 native solutions are essential, incremental implementations are possible.
Cybersecurity is a community effort: Swift CSP five years on
Latest attestation data shows that, five years on, the Swift Customer Security Programme (CSP) is continuing to deliver significant results.