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 publishes paper on the future of payments
In Payments: looking to the future, Swift challenges the community to revolutionise services and collaborate to bring this future closer
Swift enables payments to be executed in seconds
- New service links gpi, banks and domestic real-time payments systems
- Successful trial with Europe’s TIPS
ICBC enhances data analytics with Swift’s Watch portfolio
Watch products and services provide Chinese bank with a deep analysis of their payments and trade finance traffic over Swift
Matching of Derivative confirmations – now extended to Commodities Options
Swift is pleased to announce the launch of Commodities Options on Accord – the leading real-time matching service.
Swift enhances reference data quality for treasurers
SwiftRef’s new Customer Data Validation service supports corporate treasury teams with assessing and validating payments reference data
EFiS selects Swift for instant payments connectivity within the Eurozone
Longest serving Swift Service Bureau in the European Union will offer connectivity to RT1 and TIPS via SwiftNet Instant
Swift Innotribe announces semi-finalists for Startup Challenge London
London, 8 April – Innotribe, Swift’s initiative to enable collaborative innovation in financial services, is holding the European leg of its annual Startup Challenge in London on 18th April at Level39, Canary Wharf. The competition aims to foster innovation in the financial industry by introducing companies delivering new and innovative products and services in fintech and financial services to the wider financial community. The Challenge provides the most promising entrepreneurs the…
Spain embraces gpi for cross-border payments
- Six Spanish banks, accounting for 85% of Spanish cross-border payments, are already live on the service and passing the benefits of gpi on to their customers
- Swift GPI offers a fast cross-border payments service, with real-time tracking, traceability and transparency on fees, charges and interest rates
Global Custodian honours Swift’s Chairman with Lifetime Achievement Award
In recognition of his contribution to the global securities services industry, Yawar Shah receives Lifetime Achievement Award
Swift launches new cloud-based solution to enhance correspondent banking activities
Correspondent Banking Suite combines Swift products and services to make correspondent banking more efficient, secure and cost-effective