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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

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What is the UTI and how can it benefit the securities industry? Here’s what you need to know.

Compliance executives to increase investment in RegTech as geopolitical risks heighten

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Cooperative piloted first phase of new capability, called Swift Securities View, with leading financial institutions as part of push towards ‘zero-touch’ processing Leverages the power of a Unique Transaction Identifier to make the complex flow of a securities trade as simple as tracking a package

Payments transformation in the Middle East and Turkey

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The rapid growth of digital payments around the world, in part driven by the COVID-19 pandemic, has created a lasting change in the way that we do business, from central bank to commercial, corporate treasurer and beyond. Stakeholders from across the community in the Middle East and Turkey shared their experiences at a recent Swift online event.

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Swift CEO Lázaro Campos told EU Parliamentarians today, "whatever the outcome of the current discussions about the use of data for counter-terrorism purposes, what we must not jeopardize are the protections which exist today for citizens' data, the certainty of the legal framework within which companies operate and the commercial level playing field." Mr Campos was also keen to emphasise that the debate is not about Swift, but about how Europe plans to cooperate with the US for counter…

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Payments fraud prevention and protection requires action from all facets of the financial services industry.

Swift data shows intra-Africa payments clearing and trade is increasing

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Use of US dollar declining while West African franc and South African rand increasing

Swift2020: from planning to execution

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Swift's recently published strategy, "Grow the core, build the future" sets out an ambitious agenda for the next five years.
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