Corporate Matters
Swift By-laws, Corporate Rules, User Categories, Membership Validation Process. Information for Vendors, Customers and interested parties.
Swift By-laws
The Swift By-laws define the object of the company and contain the fundamental rules on the admission of shareholders, shareholding, the election and functioning of the Board of Directors, and holding of General Meetings.
Swift Corporate Rules
The Swift Corporate Rules define the eligibility criteria for the different Swift User categories, the admission and termination processes, and compliance with the eligibility criteria and conditions for admission.
More information
Access to Swift services and products is defined in the respective Service Descriptions. Make sure to always consult the latest versions. Please contact the nearest Swift office for information about the application process.
Swift Usership Validation Process
Summary description of Swift's validation process "Know Your Customer" put in place for the admission of new Swift Users and continued compliance of existing Users with the conditions admission.
Swift Membership Validation Process - Table of content
- Governing principles of admission as a Swift User
- Compliance with eligibility criteria by Swift User
- Responsibility for the approval and admission process
- Customer responsibility for the KYC process
Information about Swift for Procurement and Compliance Departments
Swift users and other third parties have legitimate requests for information to satisfy their various compliance obligations, including enquiries about Swift’s reliability, confidentiality, information security and the professional conduct of Swift’s employees and staff.
We do our utmost to address these concerns by making relevant information available to our users. However, due to the large number of Swift users around the world, we are unable to respond to individual requests for customised vendor packages, agreements, certifications and/or questionnaires. Swift does not engage in individual commitments, or provide individual certifications, representations or legal statements.
As a service provider to a broad community of customers, it is our policy to treat all customers equally and not to engage in customised or “one-off” agreements or arrangements. Indeed, Swift provides its services and products to users around the world on the basis of a common contractual framework, using the standard contractual documentation that has been formulated in consultation with Swift’s users.
For the above reasons, we have prepared this informational document based on the most common questions and KYC requests we regularly receive from Swift users. It is reviewed on a regular basis and updated as applicable.
We trust that this will be helpful and provide you with sufficient assurances across a range of issues. Should you have additional questions, please contact your account manager or the Swift sales desk, taking into account the above principles.