Swift support for the FX Market – Meet the margin challenge in the back office
FX market participants face the challenge of declining profitability as clients squeeze margins and the FX Global Code increases compliance costs, but help is available from an unexpected quarter – namely, back office data and services.
South Korea and Taiwan use the RMB for the majority of payments with China and Hong Kong
Swift's RMB Tracker shows double-digit growth for cross border payments between several Asia countries and China and Hong Kong
Swift helps build a world-class Central Clearing Counterparty in Latin America
Chile's new CCP ComDer clears 50% of the country's OTC FX derivatives using Swift
Payments routing
Ensure a flawless straight-through payments process with worldwide standing settlement instructions and routing across all IBAN/SEPA countries.
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.
Swift’s KYC Registry surpasses 2,000 financial institutions
Year one of The KYC Registry results in industry-wide adoption in more than 200 countries and territories
Swift Index evolution indicates potential recovery in the OECD economies
Brussels, 22 March 2012 – Swift, the financial messaging provider for more than 10,000 financial institutions and corporations in 210 countries, has announced the latest Swift Index data. The Index, which was announced in Q3 2011, acts as a fact-based, leading indicator of the evolution of the aggregate Gross Domestic Product (GDP) of OECD countries.
Swift African Regional Conference 2018 – transforming the future
ARC 2018 was the largest yet with more than 530 delegates from 53 countries gathering in Kigali.
Swift selected by Payments Council to host national data platform for SEPA IBAN Only
London, 10 February 2015 – Swift announces that it has been selected by the UK’s Payments Council as the vendor for the country’s Single Euro Payments Area (SEPA) International Bank Account Number (IBAN) Only central infrastructure platform.
Swift: A quarter of all cross-border payments now over gpi
More than 165 banks signed up, with 100 currencies and 350 country corridors in operation as service rapidly gains traction