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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

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Community-driven move increases transparency and supports know your customer compliance across the industry

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Find out more about screening guidelines for ISO 20022 as well as recent industry recognition for Swift’s sanctions screening services.

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Reinforcing the payment chain to promote transparency

New standards alliance to unlock further potential of API technology

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With regulators around the world demanding greater interoperability among financial institutions as they move more towards an open banking model, a newly formed API standards alliance hopes to play a key role in unlocking further potential of API technology. 

Transforming the business of banking

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Exploring Swift's strategy for corporates

Swift comments on malware reports

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No impact on Swift’s network or core messaging services

Standard Chartered goes live in Germany with Swift GPI

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An addition to its gpi service that went live in the United States and Singapore in 2017

Swift launches security tools campaign

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Awareness campaign to drive greater take up of existing security tools

Global adoption of RMB grows by 35 percent

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Brussels, 25 September 2014 – Swift’s latest RMB Tracker shows that over the past two years, RMB payments worldwide have nearly tripled in value. In addition, the RMB is now supported by a much broader base with 35% more financial institutions using the RMB for payments with China and Hong Kong.

Swift opens new facility in Kuala Lumpur

News
Kuala Lumpur, 7 March 2013 - Swift, the financial messaging provider for more than 10,000 banking organisations, securities institutions and corporate customers in 212 countries and territories, today officially opened its new Corporate Services Centre in Kuala Lumpur, Malaysia, accelerating its growth strategy for Asia Pacific.
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