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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

Universal Confirmations: Completing the Last Leg of the Payments Journey

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Commissioned by Swift and produced by Aite Group, this report looks at the potential benefits that Swift member institutions can achieve by making confirmation of payments receipt (or other outcomes) mandatory for all members.

Inside Innovation Live | Connecting blockchains: Overcoming fragmentation in tokenised assets

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Watch the 9th Inside Innovation Live with your host, Nick Kerigan and Anurag Soin, Director of Digital Asset Services, Australia and New Zealand Banking Group Limited (ANZ).

Accord user-Defined Matching Instructions

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This document describes the customised matching rule instructions that Accord users may define, to handle commonly occurring differences between confirmations that Accord should treat as equivalent.

Video recording: Lloyds’ Counterparty Cybersecurity Risk Management Programme

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Sibos TV interview with Stuart Bailey, Head of Industry, Strategy and Design, Lloyds Banking Group, discussing the company's successful implementation of its Counterparty Cybersecurity Risk Management programme and the key lessons learnt.

MT306 usage guidelines for exotic derivatives

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These usage guidelines provide information about Standards Category 3 messages. In particular, the document contains specific information about the MT 306. This document is for all users of Standards Category 3 messages.

ISO 20022 Harmonisation Best Practice

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The paper describes the initiative that Swift has undertaken with the industry, which brings consistency to the rollout of ISO 20022 in a way that benefits the user community without sacrificing necessary flexibility for FMIs.

ISO 20022 Harmonisation Best Practice - Information Paper

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The paper describes the initiative that Swift has undertaken with the industry, which brings consistency to the rollout of ISO 20022 in a way that benefits the user community without sacrificing necessary flexibility for FMIs.

SR 2021 MT High-Level information

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This document describes a high level overview of requested changes for SR 2021. These requests must still be validated by the relevant Swift Maintenance Working Groups. More info will be available via the Updated High-Level Information document in November 2020.

SR 2021 MX High-Level information

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This document describes a high level overview of requested changes for SR 2021. These requests must still be validated by the relevant Swift Maintenance Working Groups or ISO SEGs. More info will be available via the Updated High-Level Information document in November 2020.

Shared Infrastructure Programme Policy

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This document sets out Swift's policy with regard to service bureaux that offer shared infrastructure services in the context of the Shared Infrastructure Programme. The document is for service bureaux and Swift users that want to understand the contractual framework that governs the use of service bureaux.
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