Key benefits
- A trusted third party
- Used by both high and low value payments systems
- Used by more than 85 payments clearing systems
- Complete messaging solutions
- Common message standards
- Standard components
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Financial institutions and regulators continue to seek better control of the risks associated with the explosive growth in the value of trading. Globally, risk managers are being asked to measure, monitor and reduce exposure.
In response, industry associations and central banks have developed market infrastructures for clearing and settlement. Because they are multilateral, they need a trusted third party to provide secure, reliable and proven messaging solutions. SWIFT is increasingly used by financial institutions to fill that role.
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