Financial services, provided by banks
Banks already provide a number of financial services over SWIFT.
Treasury Management
Monitor accounts and obtain global visibility on cash by integrating end-of-day (MT 940) and intra-day statements MT 942) into treasury systems
Manage liquidity and pool cash company-wide, by sending payment orders (MT 101)
Financial risk management, by exchanging FX confirmations (MT 3xx) and matching them (using SWIFTNet Accord)
Invest surplus cash (MT 5xx)
Cash Management
Un payment / direct debit factory to pay suppliers, debit customers, pay salaries, … and receive account statements and advices
ACH payments, disbursement files, check files
In ISO20022, domestic, EDIFACT format, …
Additional services
Exceptions and Investigations
SWIFT’s solution to automate and track the lifecycle of an investigation for a payment (beneficiary claims non-receipt, for example) and to reduce the resolution time with end-to-end standards and messaging. This responds to the need for faster payment reconciliation and for increased control payables and receivables.
Trade finance
Standardised messaging enabling you to exchange trade data such as Letters of Credits with your banks in electronic format. Meets the requirements for a single channel and communication standard when several banks are used for trade finance.
Secure mail
The convenience of email combined with SWIFT’s security and reliability.
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