Use case 3 - Simplify regulatory reporting
… payment of over €50,000 from France to a non-Eurozone country requires the use of a payment purpose code for balance of payments statistics. A payment from Japan … reserved for remittance information, including purpose code, invoice number and amount. In practice, the relevant …
Susquehanna Bank joins Swift using Alliance Lite2
New York, August 12, 2013 - Swift, the financial messaging provider for more than 10,000 banking organizations, securities institutions and corporate customers in 212 countries and territories, announces that Susquehanna Bank has joined the Swift network using Alliance Lite2, a cloud-based connectivity solution.
Monte Titoli chooses Swift to support its standardisation efforts
Brussels, 23 December 2013 - Swift, the financial messaging provider for more than 10,000 banking organisations, securities institutions and corporate customers in 212 countries and territories, announced today that Italy's central securities depository (CSD) Monte Titoli has selected MyStandards as its platform for standards-related communication to its customers.
Itaú Unibanco becomes first Latin American bank to sign up for Swift’s fixed fee pricing program
New York, October 23, 2012 ─ Swift, the financial messaging provider for more than 10,000 financial institutions and corporations in 212 countries and territories, today announced that Itaú Unibanco has signed on to its fixed fee program, making it the first in the Latin America region to benefit from the program.
Swift selected as connectivity channel for Malaysia’s new payment system
Kuala Lumpur, 12 March 2014 - Swift, the financial messaging provider for more than 10,000 banking organisations, securities institutions and corporate customers in 212 countries and territories, has been chosen by Malaysian Electronic Clearing Corporation (MyClear), a wholly-owned subsidiary of Bank Negara Malaysia (Central Bank of Malaysia), as an access channel to connect to the new RENTAS system.
Swift passes crucial milestone in delivery of VAN Solution for T2S
Brussels, 17 October 2013 - Swift, the financial messaging provider for more than 10,000 banking organisations, securities institutions and corporate customers in 212 countries and territories, announced today it has achieved a crucial milestone in the delivery of its Value Added Network (VAN) Solution for connectivity to T2S.
Swift wins T2S connectivity licence
Brussels, 11 January 2012 – Swift, the financial messaging provider for more than 10,000 financial institutions and corporations in 209 countries, announced today that following a public procurement process run by the Banca d’Italia on behalf of the Central Banks of the Eurosystem, it has been awarded a licence to provide connectivity services to TARGET2-Securities (T2S).
Lite2 Cash Reporting Dashboard
Coming soon, Swift’s new solution will enable treasury users to monitor their liquidity positions across multiple banks and countries with one ready-to-use dashboard for MS Excel users.
New report reveals “significant gaps in industry’s T2S adaptation plan”
Brussels, 6 March 2013 - The key findings of a new report from Celent, produced in conjunction with Swift, the financial messaging provider for more than 10,000 financial institutions and corporations in 212 countries and territories, show some "major discrepancies" among market participants when it comes to their readiness for T2S.