party prefix
The element that, together with the country code and the party suffix, identifies a business party within a country. The party prefix consists of four alphanumeric characters.
The ISO 9362 standards defines the business party prefix as 4 alphanumeric characters. The Registration Authority has defined a more restrictive implementation of 4 alphabetic contiguous characters.
Payment services and AML directives address regulatory challenges with third party providers
New academic research from the Swift Institute analyses the latest payments regulations, identifying gaps and consequences with recommendations to help clarify new policies.
CICI Utility sets strong foundation and prepares for continued growth in 2013
New York, NY - January 30, 2013 - The Depository Trust & Clearing Corporation (DTCC) and Swift announced today that their global legal entity identifier (LEI) solution has progressed at a robust pace since its August, 2012 launch with more than 47,000 entities from 125 countries registered in the US Commodity Futures Trading Commission (CFTC) Interim Compliant Identifier (CICI) database.
ISO 20022 in focus with HSBC
HSBC processes 4.4 billion payments every year – or 139 every second. The bank has offered ISO 20022 XML based products and solutions since 2003, and has seen a continuous growth in customer demand and transaction volume. Recently, HSBC partnered with Swift to define a common industry standard for APIs in Hong Kong, based on ISO 20022.
2019 changes to message standards will raise rates of automation in the FX industry
Find out what’s in store for November’s Swift’s Standards Release
Payments standards changes for 2020 and why you should act now
Swift Standards MT Release 2020 prepares the community for a more systematic approach to compliance. But there’s a lot to do to prepare so organisations should act now to meet the challenging timetable.
Joint statement: Federal Reserve Bank of New York, Bangladesh Bank and Swift
Basel Meeting
The Swift-CLS partnership in FX reduces risk and adds liquidity
By providing the reliable and resilient messaging infrastructure that underpins over $5 trillion a day of gross foreign exchange (FX) flows through CLS, Swift is supporting risk reduction and liquidity management in the FX market.
What are UETRs and are you ready to process them?
With the 2018 Standards release came new operational requirements around UETRs, bringing the benefits of gpi to life.
ISO 20022, Improving Mosaic's Treasury Operations
The Mosaic Company has been using ISO 20022 for payment initiation with its banks since 2014. For banks to support The Mosaic Company’s treasury operations, the standard is a key requirement.
Media FAQ: Shadow Brokers
Allegations surrounding attempts to gain unauthorised access to data at two service bureaux.