UK jumps ahead of Singapore as the second largest offshore RMB clearing centre
40% of all payments made between the UK and China/Hong Kong are exchanged in RMB
ING joins Swift’s KYC Registry
Nearly 2,000 correspondent banks are now using Swift's Registry to streamline Know Your Customer compliance
Swift wins two awards at Payments Awards 2019
Presented with the best cross-border solution and payments infrastructure awards
What’s in it for you – working at Swift
RMB now 2nd most used currency in trade finance, overtaking the Euro
Brussels, 3 December 2013 - Recent Swift data shows that RMB usage in traditional trade finance - Letters of Credit and Collections - grew from an activity share of 1.89% in January 2012 to 8.66% in October 2013, propelling the RMB to the second most used currency in this market. It ranks behind the USD, which remains the leading currency with a share of 81.08%. The RMB overtook the Euro, which dropped from 7.87% in January 2012 to 6.64% in October 2013 and is now in third place. The top 5…
SIX Securities Services chooses Swift VAN to connect to T2S
Swift’s resilience, reliability and competitive pricing for T2S drive SIX Securities Services’ choice
South Korea cracks the top ten in RMB payments
Brussels, 29 July 2014 - Swift's RMB Tracker shows that South Korea's RMB payments value increased by 563% between June 2013 and June 2014, making South Korea number eight in the world for RMB payments value, excluding China and Hong Kong. In June 2014, 68.9% of all direct payments between South Korea and China/Hong Kong were in RMB, up from 32.8% in June 2013.
Swift expands FX portfolio with new Business Insights information service
HSBC is first to adopt the new service, which provides for the ability to measure performance over time based upon activity share
What’s new for CSDs
Swift is enhancing its value proposition for CSDs and their participants by developing a community offering, which includes standards, products and services combined with competitive commercial conditions.