SWIFT in post-trade/pre-settlement

Accord

Accord is a fail-safe matching and exception handling solution for foreign exchange, money market, OTC derivative and securities confirmations. Deployed on fault-tolerant, duplicated hardware, Accord provides the combined benefits of both a central and an in-house system.

Affirmations

SWIFT's Affirmations solution provides a cost-effective way of enhancing STP across the treasury and derivative markets. This service can run independently or in parallel with Accord. With Affirmations, there is no bilateral exchange of FIN confirmations, but entities without the capacity to generate their own FIN messages (MT 3xx) can use Accord to 'affirm' — or not — a trade confirmation.

SWIFT’s CLS Third Party Service

With its CLS Third Party Service SWIFT provides a global comprehensive solution to support the communication flow between CLS members and third parties (most of which already use SWIFT), so that they can provide cost-effective services to their customers.

Clearing

Clearing - SWIFT supports communication flows between central counterparties (CCPs) and clearing members for equities and fixed income using existing ISO 15022 messages, and is developing an ISO 20022-based solution to standardise all communication flows in the clearing space.

Collateral Management

SWIFT‘s Collateral Management solution supports communication flows between the exposed party, a triparty agent, outsourced service provider or a supplier of collateral. This solution provides the connectivity, standards and messaging services for all your collateral management transactions and caters to the messaging needs of different collateralisation models such as bilateral, triparty and central counterparty clearing. 

Derivatives

SWIFTs Derivatives solution supports the automation of OTC derivatives transactions. Financial Products Mark-up Language (FpML)-compliant messages for contract notifications between investment managers and custodians are transported over SWIFTNet using InterAct. The solution is enabling investment managers and custodians to reuse their existing SWIFT infrastructures to reduce costs and risks in their derivatives businesses.