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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

Swift launches gpi Observer Analytics tool

News
Solution gives users insights into their cross-border messaging flows, helping banks to optimise their gpi payment routes

Less than five weeks left to re-attest and comply – have you completed the KYC Registry Security Attestation yet?

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With 2019 just around the corner, the 31 December deadline for all Swift users to re-attest and comply with the Customer Security Programme’s (CSP) mandatory security controls is fast approaching.

Wall Street Exchange goes live on SwiftRemit, first in Gulf to get certification

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Dubai, November 19, 2012: Wall Street Exchange Centre, a subsidiary of Emirates Post Group, has obtained SwiftRemit certification, which allows it to bring the speed, efficiency and security of the Swift platform to its retail remittance business.

Swift joins new international DLT association as founder member

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On 3 April, Swift took part in the launch of the International Association of Trusted Blockchain Applications (INATBA) – a new organisation to provide developers and users of distributed ledger technology (DLT) with a global forum to interact with regulators and policymakers.

ISO 20022 migration: A community approach every step of the way

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Helping you ensure a smooth transition to the new global standard

Swift announces 2013 rebate of EUR 33 million

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Brussels, 2 January 2014 - Swift announces a 10% rebate on 2013 messaging fees which will return approximately EUR 33 million to Swift users worldwide. The rebate will be paid in March 2014.

Volante joins SwiftRef partner programme to offer a single source for payments reference data management

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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.

Singapore and Swift Celebrate Four Decades of Innovation

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Forty years ago, Swift went live in Singapore. Since then, we have continued to be a trusted partner for the Singapore and global financial communities, as we work to continuously drive innovation that helps our users move value securely, reliably and seamlessly across borders around the world. We recognise that none of this would have been possible without the strong support of our community in Singapore.

Banks enhancing offerings to tackle internal corporate fraud

News
Brussels, 5 September, 2013 – Faced with increasing security concerns and risks of internal fraud, corporates and banks are looking for ways to extend controls on their banking communications. Swift has released a paper that looks at how banks are responding to such needs with advanced user identity and mandate management services, traditionally limited to their online banking channels, now also available on their direct connectivity channels.

First National Bank of Omaha leverages Swift GPI payments data to support international business growth across the Midwest

News
When you speak to Michael Salerno,Vice President, Global Banking Group at First National Bank of Omaha, it immediately becomes clear just how passionate he is about helping the bank’s customers to grow internationally.
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