service administrator destination
A valid Swift eight-character BIC that Swift assigns to the service administrator. The service administrator destination is used in digital signatures. The service administrator destination can be the same as the primary server destination.
service administrator related participant (SARP)
A Swift user that belongs to the same financial institution as the service administrator. To be considered as part of the same financial institution, Swift must register the service administrator related participant and the service administrator as belonging to the same group of customers for traffic aggregation purposes.
Tackling the cybersecurity challenge at Sibos
Sibos brings financial leaders together to network, collaborate and find solutions to industry challenges. You will hear from leading experts in security and cyber issues and leave with key takeaways to help take your defences to the next level.
How do banks fight fraud?
Cybercrime and fraudulent payment risks are on the rise – and banks are the new targets. Learn how banks fight fraud.
Fund processing standardisation continued to make progress in the first half of 2013
Brussels, 24 October 2013 - The European Fund and Asset Management Association (EFAMA) today published in cooperation with Swift, a new report on the evolution of automation and standardisation rates of fund orders received by transfer agents (TAs) in the cross-border fund centres of Luxembourg and Ireland in the first half of 2013.
Financial industry agrees offshore RMB guidelines
Hong Kong, 13 February 2012 - As international use of the Chinese currency grew exponentially over the past eighteen months, financial institutions around the world identified important issues around efficient processing of payments, treasury and securities transactions using the renminbi (RMB). After initial discussions by groups of institutions in Hong Kong actively involved in settling offshore RMB across securities and transaction banking markets, the industry has now defined a new set of…
Swift Index anticipates a strong start to 2014 for the UK and US economies
Brussels, 20 November 2013 – Swift, the financial messaging provider for more than 10,000 financial institutions and corporations in 212 countries and territories, today forecasts continued momentum in the growth of the UK and US economies.
Treasury management in the modern world
The role of a corporate treasurer is critical to the successful running of any company. As businesses continue to rapidly globalise, how can treasurers evolve with the times and find new ways to gain efficiency in their treasury management?
Swift Index Predicts Strong UK GDP Growth through Q3
Brussels, 21 June 2013 - Swift, the financial messaging provider for more than 10,000 financial institutions and corporations in 212 countries, has released its latest Swift Index data based on an average of 2 million Swift payments messages per day.
Joint Swift/EFAMA report shows encouraging increase of fund processing standardisation
2014 mid-year status update confirms total industry ISO automation rates continue to progress.
Swift highlights the four key factors that are set to shape the development of Africa’s securities markets
Diani, Kenya, 25 November 2014 - Swift is a proud sponsor of this year's ASEA Conference, now in its 18th year. The 2014 event brings together the Association's members of 23 African securities exchanges as well as investors from the United States, Europe, the Middle East and Asia to discuss the evolving role of the capital markets in driving Africa's growth potential.