Custodian banks play a pivotal role in the efficient running of the international securities markets. As providers of settlement and asset services, custodians are the lynchpin of straight-through processing (STP), and have long relied on SWIFT for secure communication with agent banks, market infrastructures and investment managers.
By standardising and automating the business flows for settlement and reconciliation, corporate actions, proxy voting, cash management and treasury functions, SWIFT enables you to eliminate error-prone manual processes and reduce operational costs and risks.
SWIFT also supports you as you grow your business in a competitive marketplace. Leveraging our community of market participants enables you to increase your reach, and re-using SWIFT to automate additional business flows allows you to benefit from economies of scale.
By supporting STP for your clients, and the automation of corporate actions and proxy voting processes, SWIFT also enables you to offer industry-leading levels of customer service, helping to secure new business. SWIFT’s solutions for derivatives processing allow you to accommodate your clients’ wider investment in these assets, boosting your competitive positioning against prime brokers and fund administrators.