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 delivers multi-year price reduction plan one year ahead of schedule
Sibos, Boston - 29 September 2014 - Swift announces today at Sibos that it has delivered early on its commitment to reduce its messaging prices by 30-50 percent between 2010 and 2015, a goal the company set as part of its Swift2015 strategy in 2010.
Swift granted ASEA observer membership
Participation in the African Securities Exchanges Association will enable Swift to deliver concrete value to the African Securities Community.
Nordnet first in Sweden with electronic mutual fund transfers
Nordnet together with Fidelity are the first in Sweden to introduce electronic mutual fund transfers via Swift.
Swift announces 10% rebate on 2014 messaging
2014 rebate returns more than EUR 30 million to Swift users worldwide.
Why adopt ISO 20022 now?
Use case 6 - Strengthen corporate treasury activities
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.
Volante joins SwiftRef partner programme to offer a single source for payments reference data management
By joining SwiftRef, Volante users will have access to Swift for all their payments reference data needs, helping to reduce costs and improve straight-through-processing (STP) of international and SEPA payments.
Chinese Renminbi Overtakes the Swiss Franc as a World Payments Currency
Brussels, 27 February 2014 - For the third consecutive month, the Renminbi (RMB) is one of the top ten most-used currencies for payments worldwide. With an activity share of 1.39% in payments value, the RMB now ranks 7th, closely followed by the Swiss Franc at 1.38%.
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