Cash Reporting
Supporting your account information needs
The need for standardised solutions in cash reporting is driven by the centralisation of liquidity management and treasury functions, growing volumes of cross-border payments, increasing volumes of 'time-payments' (payment versus payment, delivery versus payment, real-time gross settlement systems), the emergence of cross-border real-time payment settlement systems, in addition to existing domestic systems, and regulatory pressure to manage liquidity and credit risk.
To provide for supporting end-of-day and intra-day cash reports, SWIFT offers the following FIN and XML messages
| |
End of day |
Intra day |
| MT |
MT 940
Customer statement
|
MT 950
Statement |
MT 900
Confirmation of debit |
MT 910
Confirmation of credit |
MT 942
Interim transaction report |
| MX |
Statement
(camt.053) |
Debit / Credit Notification
(camt.054) |
Account Report
(camt.052) |
In addition, SWIFT’s Cash Reporting solution enables financial institutions to obtain real-time account balance and transaction information from their service providers. Several applications support this solution.
Managing liquidity and risk?
The recent credit crisis has brought the issue of liquidity and its management even more to the fore, and additional regulation is expected to come into effect in 2010. SWIFT is now evaluating how to evolve its cash reporting offering to liquidity and risk management.
For further details please contact your Regional Account Manager or e-mail swiftforbanks@swift.com.
More information
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