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 launches Swift Go, a fast, cost-effective service for low-value cross-border payments
- New service enables businesses and consumers to send payments in seconds with full transparency and strong security
- Swift Go is a key building block in the co-operative’s strategy to enable instant and frictionless cross-border transactions
- Seven leading global banks already live with the service
Hong Kong RTGS to adopt Swift’s market infrastructure resiliency service
Hong Kong, 17 September 2014 - Swift today announces that it has signed an agreement to provide Hong Kong Interbank Clearing Limited (HKICL) with its new Market Infrastructure Resiliency Service (MIRS). Under the terms of the agreement, HKICL will deploy MIRS for Hong Kong's Real-Time Gross Settlement (RTGS) system supporting HKD, USD, EUR and RMB currencies.
Swift’s ISO 20022 services for cross-border payments ready for customer testing with launch of In-flow Translation
Complete environment ready for customer testing
Available 12 months before migration period begins
Suite of test services includes network-based ISO 20022 to MT (‘in-flow’) translation
Production services will support the industry’s adoption of the new standard
Swift partners with Omnicision to deliver Sanctions Testing service
BRUSSELS, 19 July 2012 - Swift, the financial messaging provider for more than 10,000 financial institutions and corporations in 212 countries and territories, announced today it will partner with Omnicision to deliver its Sanctions Testing service, an application that integrates the testing and tuning of sanctions filters to help banks operate a more effective and efficient sanctions environment.
Swift launches a new Business Continuity service to support High Value Payment Systems
Brussels, 10 March 2014 - Swift launches a new business continuity solution to support global payment systems. Developed by Swift, the Market Infrastructure Resiliency Service (MIRS) is a backup service for Real Time Gross Settlement (RTGS) systems - electronic platforms used for the continuous settlement of high value and multi-currency cash payments between banks.
Kennel takes Vice Chair role on International Securities Services Association Operating Committee
Juliette Kennel, Head of Securities and FX at Swift, will take over as Operating Committee Vice-Chair of the International Securities Services Association (ISSA) in November 2019. She will succeed Jyi-chen Chueh of Standard Chartered who will become the Operating Committee’s new Chair.
Open Banking: Transformation in financial services
New Swift Institute Working Paper on Open APIs published
Sanctions Testing service goes live
Swift sanctions solution addresses needs of large financial institutions in the critical area of regulatory compliance
Swift updates reference data service
SwiftRef’s Bankers World Online query tool undergoes a facelift, adds improved search fields and simplified navigation for easier access to reference data
Swift broadens access with new public cloud connectivity through Amazon Web Services, Google Cloud and Microsoft Azure
Streamlines access to financial messaging service while ensuring resiliency and security
Public cloud has potential to unlock significant benefits while lowering costs