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.
Why London is the leading renminbi trading venue outside China
London has capitalised on its status as the premier trading centre for global FX to become the de facto home of offshore renminbi, but CNH liquidity in London is bolstered by the ability of asset managers based in the City to satisfy the appetite of international investors for Chinese equity and debt.
Fostering trust and transparency in global correspondent relationships alongside the Wolfsberg Group
A standardised due diligence approach fosters trust and transparency between correspondent banks. Wolfsberg Group’s Correspondent Banking Due Diligence Questionnaire (CBDDQ) aims to be a key driver in creating a global standard
ASEAN Exchanges set a new precedent for capital markets integration
New research from the Swift Institute highlights the ongoing development and collaboration among the ASEAN Exchanges
Tackling the cybersecurity challenge at Sibos
Sibos brings financial leaders together to network, collaborate and find solutions to industry challenges. You will hear from leading experts in security and cyber issues and leave with key takeaways to help take your defences to the next level.
How do banks fight fraud?
Cybercrime and fraudulent payment risks are on the rise – and banks are the new targets. Learn how banks fight fraud.
Fund processing standardisation continued to make progress in the first half of 2013
Brussels, 24 October 2013 - The European Fund and Asset Management Association (EFAMA) today published in cooperation with Swift, a new report on the evolution of automation and standardisation rates of fund orders received by transfer agents (TAs) in the cross-border fund centres of Luxembourg and Ireland in the first half of 2013.
Financial industry agrees offshore RMB guidelines
Hong Kong, 13 February 2012 - As international use of the Chinese currency grew exponentially over the past eighteen months, financial institutions around the world identified important issues around efficient processing of payments, treasury and securities transactions using the renminbi (RMB). After initial discussions by groups of institutions in Hong Kong actively involved in settling offshore RMB across securities and transaction banking markets, the industry has now defined a new set of…
Swift Index anticipates a strong start to 2014 for the UK and US economies
Brussels, 20 November 2013 – Swift, the financial messaging provider for more than 10,000 financial institutions and corporations in 212 countries and territories, today forecasts continued momentum in the growth of the UK and US economies.
Swift Index Predicts Strong UK GDP Growth through Q3
Brussels, 21 June 2013 - Swift, the financial messaging provider for more than 10,000 financial institutions and corporations in 212 countries, has released its latest Swift Index data based on an average of 2 million Swift payments messages per day.
Joint Swift/EFAMA report shows encouraging increase of fund processing standardisation
2014 mid-year status update confirms total industry ISO automation rates continue to progress.