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Swift launches new cloud-based connectivity
Brussels, 25 July 2012 - Swift, the financial messaging provider for more than 10,000 banking organisations, securities institutions and corporate customers in 212 countries and territories, announces the launch of its new cloud-based connectivity: Alliance Lite2.
RMB now 2nd most used currency in trade finance, overtaking the Euro
Brussels, 3 December 2013 - Recent Swift data shows that RMB usage in traditional trade finance - Letters of Credit and Collections - grew from an activity share of 1.89% in January 2012 to 8.66% in October 2013, propelling the RMB to the second most used currency in this market. It ranks behind the USD, which remains the leading currency with a share of 81.08%. The RMB overtook the Euro, which dropped from 7.87% in January 2012 to 6.64% in October 2013 and is now in third place. The top 5…
The United States jumps ahead of Taiwan as an offshore RMB clearing centre
Brussels, 3 June 2014 - Swift's RMB Tracker shows that United States' RMB payments value increased by 327% between April 2013 and April 2014, placing the United States at #3 in the world for RMB payments value, excluding China and Hong Kong. In April 2014, 2.6% of total RMB payments value was carried out via the United States, up from 1.3% one year ago. Singapore remains in the top position followed by the United Kingdom.
Luxembourg now Second Highest Euro Country in RMB payments
Brussels, 27 August 2013 – Luxembourg is ranked #8 in the world for RMB payments value (excluding China and Hong Kong) in July 2013, making it the second highest placed Euro country behind France at position #6 (see April Tracker).
Swift’s Affirmations application supports compliance with EMIR
Brussels, 2 September 2013 – Swift, the financial messaging provider for more than 10,000 financial institutions and corporations in 212 countries and territories, announced today that its Affirmations application supports compliance with EMIR by making multi-asset class electronic confirmation matching accessible to players of all sizes.