Monthly FIN traffic evolution
In YTD March 2021, SWIFT recorded an average of 42.5 million FIN messages per day. Traffic grew by +9.8% versus same period of previous year.
Daily FIN traffic
SWIFT recorded two consecutive peak days on Feb 25 and 26, with the latest peak recording 46.3 million messages, higher than the peak on Mar 17 by +4.8%. Payments also achieved new peak days with 20.1 million messages on the 26, driven by high end-of-month reporting and increase in instruction messages. Securities market plays an important role contributing to the overall FIN peak due to market volatility.
SWIFT’s company-wide transaction global overview is invaluable.
Ana Sancho, Global Payments Network Manager for Treasury Services, BNY Mellon