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Subscribe to Standardised Corporate Environment (SCORE) services

Subscribe to SCORE services

SCORE offering

• SCORE offers three transfer mechanisms for exchanging data between two parties.
• You can subscribe to one or more of these services depending on your business needs and your counterparties offerings.

• By default any Corporate joining Swift will be published with SCO Service code. Any request not to be published as SCORE FIN participant should be addressed to joining.generic@swift.com

Eligibility

• Any corporate can join SCORE
• Swift reserves the right to monitor the eligibility status of the corporate.
• Financial institutions are only allowed to subscribe to SCORE if they are supervised.

Eligibility scenarios

• The corporate is recommended by a financial institution that is located in a FATF member country and that participates in SCORE. The recommendation means that the financial institution is willing to exchange traffic with that corporate over SwiftNet.
• The corporate is listed on a regulated stock exchange of a country that is a member of the Financial Action Task Force (FATF).
• The corporate is a majority-owned subsidiary of an eligible company as per point 2, and it meets the following conditions:
  • Is a duly incorporated, validly existing, and duly organised legal entity.
  • Is in good standing financially and with respect to its compliance with applicable laws and regulations.
  • Is subject to regular audit by an independent audit firm in accordance with internationally recognised accounting standards.
  • In addition, the subsidiary must submit to Swift a declaration of ownership from its listed parent company. It must state that the parent company is listed in one of the FATF countries and has a majority ownership of the subsidiary.
     

Changes in eligibility status (examples and guidance)

In case of a company de-listing, or if there is no traffic between a recommending financial institution and the corporate, the corporate is given a six month period to take one of the following actions:

• Migrate to an alternative solution, for example, a Member-Administered Closed User Group (MA-CUG).
• Find a substitute recommendation.
• If the corporate fails to implement either action, then Swift reserves the right to terminate upon notice the corporate's participation in SCORE.

How to fill in the forms

• For FIN, subscribe to SCORE FIN service with FIN service code SCO.
• For FileAct Real-time, subscribe to SCORE FileAct RT service.
• For FileAct store-and-forward, subscribe to SCORE FileAct SnF service.
• To subscribe to one of the FileAct services as a financial institution, you must select the member CUG Category (field 6.01).
• To subscribe as a corporate, you must select the corporate CUG Category (field 6.01).