The Renminbi is the second most used currency for cross border payments with China and Hong Kong
Brussels, 26 June 2014 – Swift’s RMB Tracker shows that the RMB is now the second most used currency for cross border payments with China and Hong Kong. In May 2014, 12% of cross border payments with China and Hong Kong were done using the RMB, up 36% from one year ago. The US Dollar remains in the top position, with the Hong Kong Dollar following close behind the RMB for payments to China and Hong Kong.
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Nordea Bank goes live with Swift’s new Payments Data Quality service
Swedish financial services giant becomes first bank to use Swift’s service to support compliance with stricter wire transfer requirements
Case Study: Shinhan Bank implements Swift for Corporates to support global and Korean companies with an eye on expansion
Shinhan Bank is one of Korea’s leading banks. It supports foreign global corporates in Korea who need to process Korean Won payments locally, as well as local corporates seeking confirmation of treasury transactions.
The future at your fingertips – the European market infrastructure of tomorrow
The market infrastructure of the Eurosystem is working well, but further measures are needed to deepen market integration, increase operational efficiency and address the challenges of new technology. The three priorities identified by the Eurosystem, writes Yves Mersch, a Member of the Executive Board of the European Central Bank (ECB), are the consolidation of its payments (TARGET2) and securities (T2S) settlement services, the creation of pan-European Instant Payments, and the development of…
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
Introducing Swift Securities View
New service set to significantly increase transparency in post-trade processing while helping to prevent costly settlement fails.
Message Management in Alliance Lite2
Explore the basic concepts regarding message management in Alliance Lite2.Learning objectives:Identify the two ways to send message through Alliance Lite2Indicate at least three parts of which a message is structuredDifferentiate between an original, copy and notification instanceDefine the three states of a message instanceRecall at least three queues on Alliance Lite2Tell where you can search for a message and generate a report
SwiftRef Bank Directory Plus
Understand what Bank Directory Plus is and how it will assist you. Access Bank Directory Plus. Understand Bank Directory Plus data content and structure.Learning objectives:Understand the content of Bank Directory Plus and how to access itBe able to identify the main National ID and the best BIC code linked to a National IDUnderstand the different types of operational entity hierarchy in Bank Directory Plus