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Closed User Group (CUG)

A subset of customers that have been grouped to use certain Swift services and products in a defined context (typically, the participation of customers in a market infrastructure, a Member-Administered Closed User Group, or a solution). Either Swift or a service administrator defines the eligibility criteria and participation in the Closed User Group.

Market Infrastructure Closed User Group (MI-CUG)

A Closed User Group implemented in support of a service managed by a market infrastructure (MI).

Member-Administered Closed User Group (MA-CUG)

Member-Administered Closed User Group. A Swift-operated, member-managed service that uses messaging service. The Member-Administered Closed User Group is designed to enable users that participate in the Closed User Group to exchange Swift messages bilaterally with the service administrator, or with the administrator-related participant.

Related links
Subscribe to MA-CUG service (www.swift.com)
MA-CUG Service Description

Preparing Customers for the Swift Standards Release 2015

News
Every year, the annual standards release ensures that the messages exchanged by Swift users remain suitable for the business areas in which they are used. The Standards Release has a global impact on information systems across the financial services industry. The annual Standards Release deployed for FIN messages, impacts institutions at different levels, from the interface used to connect to Swift to back-office applications, to business flows and processes.

Swift explores blockchain as part of its global payments innovation initiative

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Proof of Concept launched to determine if distributed ledger technology could help banks reconcile their nostro databases in real time

Standard MT Release 2018 - Mandatory changes in category 1 and category 2

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MT Standards Release 2018 is bigger and has more impact than most MT standards releases

Swift support for the FX Market – Measuring your FX activity share by instrument

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The newly enriched FX data service from Swift uses real transactions to measure activity share and competitive position on an instrument-by-instrument basis.

Swift appoints new Chief Information Security Officer

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Marc Hofmann appointed as Chief Information Security Officer

Board Announcement: Swift AGM and Customer Security Programme

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Programme focuses on five mutually reinforcing strategic initiatives

Six additional major banks join Swift’s KYC Registry initiative

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Brussels, 22 July 2014

Swift Translation Portal makes ISO 20022 message translation fast, simple and intuitive

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Translation rules from Swift MT to ISO 20022 FI to FI payments are live

New ‘Change Request Forum’ will enhance the standards maintenance process

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Swift introduces the standards ‘Change Request Forum’

Swift publishes new Customer Security Controls Policy

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Enhancing security; increasing transparency
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